Weekly Variable Rate definition
Examples of Weekly Variable Rate in a sentence
So long as any Related Fann▇▇ ▇▇▇ ▇▇▇lateral Agreement remains in effect and Fann▇▇ ▇▇▇ has any obligations, direct or contingent, under any Related Fann▇▇ ▇▇▇ ▇▇▇lateral Agreement, Owner shall not direct or cause the interest rate on any Related Bonds to be converted to the Fixed Rate (from the Weekly Variable Rate or the Reset Rate) or to the Reset Rate (from the Weekly Variable Rate or a prior Reset Rate) or to the Weekly Variable Rate (from the Reset Rate) unless Fann▇▇ ▇▇▇ consents to such conversion.
If the offering pursuant to a Piggy-Back Registration is to be an underwritten offering, then the holder making a request for its Conversion Shares to be included therein must permit the sale or other disposition of such Conversion Shares in accordance with the intended method(s) of distribution thereof.
During the Weekly Variable Rate Period, the Facility Fee shall be computed on the basis of the actual number of days elapsed over a year of 365 or 366 days, as applicable.
DHL will pay to ABX the Weekly Variable Rate in advance and without demand on Monday (or if Monday is not a Business Day, the first Business Day thereafter) of each week during the Term in accordance with Section 7.6 below.
Owner and Fann▇▇ ▇▇▇ acknowledge and agree that the interest rate on any issue of Related Bonds may be adjusted to the Weekly Variable Rate or Reset Rate or converted to the Fixed Rate, in each case as provided in, and subject to the terms and conditions of the Related Indenture and this Agreement.
The Activity Fee shall accrue on the basis of, during the Weekly Variable Rate Period, a 365- or 366-day year, as applicable, for the actual number of days elapsed and during any Reset Period and the Fixed Rate Period, a year of 360 days of twelve 30-day months.
Each Hedge also shall be in place and maintained at all times during any other period that the Weekly Variable Rate is in effect or a Reset Rate is in effect for a Reset Rate Period of 5 years or less (a “Subsequent Hedge”) whether or not a default shall have occurred under the applicable Hedge Documents (as defined below).
Notwithstanding any provision of this Agreement or the other Borrower Documents to the contrary, at least ninety (90) days prior to the expiration of any Weekly Variable Rate Period or Reset Rate Period, such Borrower must obtain the prior written consent of Fannie Mae as a condition to adjusting or converting the interest rate on an issue of Bonds to another Mode or maintaining such Bonds in the Reset Rate Period.
If a Reset Rate for a Reset Period with an original term of less than five years or the Weekly Variable Rate is in effect, the Liquidity Rate multiplied by the aggregate unpaid principal balance of the Loans.
On or about the sixth (6th) Business Day of each month, ABX will provide to DHL a written statement setting forth in reasonable detail any adjustments to the Weekly Variable Rate to reflect the actual costs incurred by ABX for the power-by-the-hour rates under the Delta Engine Agreement and Delta Component Agreement and the cost-per-landing rates under the Bridgestone Agreement, or any successor to those agreements, during the prior month.