Applicable Yield definition

Applicable Yield means (1) prior to the Remarketing Settlement Date, 0%, (2) if a Remarketing occurs, unless the Company has elected that the Series A Debentures will bear cash interest, from and after the applicable Remarketing Settlement Date, for any Interest Period, the Reset Yield for such Interest Period and (3) if a Remarketing has occurred and the Company has elected to have the Series A Debentures bear cash interest, 0%.

Applicable Yield means, on any date on which any “Applicable Yield” is required to be calculated hereunder:

Applicable Yield means (a) for any Capital Investment (other than in respect of Swing Purchases), at the Seller’s election upon written notice to the Agent, given not later than 11:00 A.M. (New York time) on the third Business Day preceding (in the case of the Applicable LIBO Rate) or the Business Day of (in the case of the Applicable Base Rate) the applicable Investment Event, the Applicable LIBO Rate or the Applicable Base Rate, as the case may be and (b) for any Capital Investment in respect of a Swing Purchase, and for each other Obligation hereunder, the Applicable Base Rate.

Examples of Applicable Yield in a sentence

• The Original Principal Amount of this Security shall accrete daily at the Applicable Yield on a semiannual bond equivalent basis using a 360-day year composed of twelve 30-day months.

• The Applicable Yield shall be 0% prior to August 15, 2010 and 4.125% per annum on and after April 15, 2010, until Stated Maturity.

• From and after the Stock Purchase Date, the Original Principal Amount of this Series B Debenture shall accrete daily at the Applicable Yield for each Interest Period, which shall be 0% during any period for which the Company has elected pursuant to the Indenture that the Series B Debentures will bear cash interest.

• The Original Principal Amount of this Security shall accrete daily at the Applicable Yield for each Interest Period, which shall be 0% (1) prior to December 1, 2006 and (2) during any period for which the Company has elected pursuant to Section 16.02(b) that the Securities will bear cash interest.

• The Applicable Yield shall be 0% prior to August 15, 2010 and 4.125% per annum on and after August 15, 2010, until Stated Maturity.

More Definitions of Applicable Yield

Applicable Yield means (1) prior to June 15, 2011, 0% per annum, and (2) from and after June 15, 2011 and until June 14, 2034, a rate per annum equal to 3.50%.

Applicable Yield means (1) prior to July 25, 2007, 0%, (2) unless a Remarketing Reset Event occurs, from and after July 25, 2007, for any Interest Period, a rate equal to 3-Month LIBOR determined on the LIBOR Determination Date relating to the LIBOR Reset Date for such Interest Period, minus .05% and (3) if a Remarketing Reset Event occurs, from and after such Remarketing Reset Event Date, for any Interest Period, the Reset Yield for such Interest Period; provided that in no event shall the Applicable Yield be less than 0%.

Applicable Yield means (1) prior to December 1, 2006 0%, (2) unless a Remarketing Reset Event occurs, from and after December 1, 2006, for any Interest Period, a rate equal to 1.85% per annum, (3) if a Remarketing Reset Event occurs, unless the Company has elected pursuant to Section 16.02(b) that the Securities will bear cash interest, from and after such Remarketing Reset Event Date, for any Interest Period, the Reset Yield for such Interest Period and (4) if a Remarketing Reset Event has occurred and the Company has elected pursuant to Section 16.02(b) to have the Securities bear cash interest, 0% from and including the applicable Remarketing Reset Date to but excluding the next succeeding Remarketing Reset Date; provided that in no event shall the Applicable Yield be less than 0%.

Applicable Yield means (i) for Series A Debentures, (x) prior to August 15, 2010, 0% and (y) from and after August 15, 2010, for any Interest Period, a rate per annum equal to 4.125% and (ii) for Series B Debentures, (x) prior to August 15, 2008, 0% and (y) from and after August 15, 2008, for any Interest Period, a rate per annum equal to 3.625%.

Applicable Yield means (1) prior to May 1, 2008, 0%, (2) unless a Remarketing Reset Event occurs, from and after May 1, 2008, for any Interest Period, a rate equal to 3-Month LIBOR determined on the LIBOR Determination Date relating to the Interest Reset Date for such Interest Period, minus .25% and (3) if a Remarketing Reset Event occurs, from and after such Remarketing Reset Event Date, for any Interest Period, the Reset Yield for such Interest Period; provided that in no event shall the Applicable Yield be less than 0%.

Applicable Yield means (a) for any Capital Investment (other than Swing Purchases), at the Seller’s election upon written notice to the Agent, given not later than 11:00 A.M. (New York time) on the third Business Day prior to the date on which such Capital Investment is to be paid (in the case of the Applicable LIBO Rate) or the Business Day prior to the date on which such Capital Investment is to be paid (in the case of the Applicable Base Rate), either the Applicable LIBO Rate or the Applicable Base Rate, and (b) for any Capital Investment that is a Swing Purchase, and for each other obligation hereunder, the Applicable Base Rate.

Applicable Yield shall have the meaning set forth in Section 2.13.