Term Rate Term definition

Term Rate Term means, with respect to a Variable Rate Bond bearing interest at a Term Rate, a period established in accordance with the provisions of Section C206 hereof.
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Term Rate Term means, with respect to a 2019 Series Bond, (i) its Term Rate Initial Term and (ii) the period of time specified in a Change Notice as the time between the dates on which the interest rate on such 2019 Series Bond will be adjusted as set forth in Section 207 or 211 hereof, commencing on the day on which the adjustment is effective and ending on the day next preceding the day on which the next adjustment is effective, which period must be one month or an integral multiple thereof (except that any period beginning on a Term Rate Start Date may be less than one month).
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Examples of Term Rate Term in a sentence

  • The Corporation may not withdraw money from the 2012 Series M Bond Proceeds Account unless: (i) the Corporation delivers to the Trustee a Cash Flow Statement or a Cash Flow Certificate and (ii) the amount remaining in the 2012 Series M Bond Proceeds Account and the 2012 Series M Redemption Account after a withdrawal is at least equal to the principal amount of the 2012 Series M Bonds that have not been converted to another interest rate mode while in the Initial Term Rate Term.

  • Except as provided in the immediately preceding sentence, during any Term Rate Term, 2020 Series D Variable Rate Bonds are subject to redemption, at the option of the Corporation, in whole or in part, from any source, at any time on or after their then-current Initial Redemption or Tender Date, at a Redemption Price equal to one hundred percent (100%) of the principal amount of the 2020 Series D Variable Rate Bonds or portions thereof to be so redeemed, plus accrued interest to the Redemption Date.

  • Notwithstanding the foregoing, (a) the Corporation may not select a Term Rate Term longer than the time remaining to the earlier of (i) the remaining term of any applicable Liquidity Facility or (ii) the final maturity of the 2008-2018 Bonds, and (b) if the anniversary of a Term Rate Start Date is a day other than a Business Day, such anniversary shall be deemed to be the immediately preceding Business Day.

  • Fiction over fact As a scientist, I am fascinated by the human ability to delude ourselves – to choose convenient fiction over inconvenient fact.

  • At such time as shall be designated by the Corporation for a change of the method of determining the interest rate on the 2008-2018 Bonds to the Term Rate or the date of commencement of a subsequent Term Rate Term (the “Term Rate Start Date”) until the earlier of the next Interest Method Change Date or the final maturity or redemption in whole of the 2008-2018 Bonds, the 2008-2018 Bonds shall bear interest at the Term Rate determined in accordance with this Section 601.

  • One of the selling shareholders of Datanet and an affiliate of another became officers and directors of CCVC following the purchase.

  • As a result, practical and laboratory classes, which could not be delivered in the online format were postponed to the summer term.

  • RIGHT TO BUY MORTGAGE PRODUCTSWe've expanded our product range! Rate Term Rate Term Bankruptcy/DRO/IVAA loading of 1% applies to customers that have had an IVA/Debt Relief Order or Bankruptcy discharged in the last 6 years Bankruptcy/DRO/IVA SELECTED RTB PACKAGERS;Please note: Our Right to Buy products are only available through the following distributors.

  • Except as provided in the immediately preceding sentence, during any Term Rate Term, 2020 Series I-1/2 Variable Rate Bonds are subject to redemption, at the option of the Corporation, in whole or in part, from any source, at any time on or after their then-current Initial Redemption or Tender Date, at a Redemption Price equal to one hundred percent (100%) of the principal amount of the 2020 Series I-1/2 Variable Rate Bonds or portions thereof to be so redeemed, plus accrued interest to the Redemption Date.

  • Commencing on each Fixed Interest Rate Start Date or Term Rate Start Date with respect to the 2019 Series Converted Bonds of a Group, if the remaining time to maturity of, or Term Rate Term with respect to, such 2019 Series Converted Bonds shall equal or exceed 9 years, such 2019 SeriesConverted Bonds shall not be subject to redemption at the option of the Agency for the first nine (9) years after such date.

Related to Term Rate Term

  • Term Rate Period means any period of time during which a Group of 2021 Series J Variable Rate Bonds bears interest at the Term Rate.

  • Fixed Rate Term means a period commencing on a Business Day and continuing for 1, 2 or 3 months, as designated by Borrower, during which all or a portion of the outstanding principal balance of this Note bears interest determined in relation to LIBOR; provided however, that no Fixed Rate Term may be selected for a principal amount less than $100,000.00; and provided further, that no Fixed Rate Term shall extend beyond the scheduled maturity date hereof. If any Fixed Rate Term would end on a day which is not a Business Day, then such Fixed Rate Term shall be extended to the next succeeding Business Day.

  • Term Rate means the per annum interest rate with respect to Bonds in the Term Rate Mode determined pursuant to Section 2.09.

  • Initial Rate Period means, with respect to the VMTP Shares of any Series, the period commencing on and including the Date of Original Issue thereof and ending on, and including, the next succeeding calendar day that is a Wednesday (or if such Wednesday is not a Business Day, the next succeeding Business Day).

  • Fixed Rate Period shall have the meaning in the form of Security set forth in Section 2.1.

  • Base Rate Term Loan means any portion of the Term Loan during any period in which it bears interest based on the Base Rate.

  • Minimum Rate Period means any Rate Period consisting of 7 Rate Period Days.

  • Incremental Term Maturity Date means, with respect to Incremental Term Loans of any Series, the scheduled date on which such Incremental Term Loans shall become due and payable in full hereunder, as specified in the applicable Incremental Facility Agreement.

  • Weekly Rate Period means any period of time during which a Group of 2020 Series D Variable Rate Bonds bears interest at the Weekly Rate.

  • Interest Rate Period means any Daily Interest Rate Period, Weekly Interest Rate Period, Short-Term Interest Rate Period, Long- Term Interest Rate Period or ARS Interest Rate Period.

  • Incremental Term Loan Maturity Date means the final maturity date of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • Initial Term Loan Maturity Date means August 15, 2025 or, if such date is not a Business Day, the immediately preceding Business Day.

  • Subsequent Fixed Rate Period means for the initial Subsequent Fixed Rate Period, the period commencing on April 1, 2022 and ending on and including March 31, 2027 and for each succeeding Subsequent Fixed Rate Period, the period commencing on the day immediately following the end of the immediately preceding Subsequent Fixed Rate Period and ending on and including March 31 in the fifth year thereafter.

  • Rate Period has the meaning set forth in the Statement.

  • Initial Fixed Rate Period means the period commencing on the Issue Date and ending on and including June 30, 2020.

  • Floating Rate Period shall have the meaning set forth in Section 2.05(b) hereof.

  • Pricing Rate Period means, with respect to any Transaction and any Remittance Date (a) in the case of the first Pricing Rate Period, the period commencing on and including the Purchase Date for such Transaction and ending on and excluding the following Remittance Date, and (b) in the case of any subsequent Pricing Rate Period, the period commencing on and including the immediately preceding Remittance Date and ending on and excluding such Remittance Date; provided, however, that in no event shall any Pricing Rate Period for a Purchased Asset end subsequent to the Repurchase Date for such Purchased Asset.

  • Original Term Loans means the "Term Loans" under, and as defined in, the Original Credit Agreement.

  • New Term Loan Maturity Date means the date on which a New Term Loan matures.

  • Subsequent Rate Period means, with respect to any Series of RVMTP Shares, the period consisting of seven calendar days, but adjusted in each case to reflect any changes when the regular calendar day that is a Rate Determination Date is not a Business Day, from, and including, the first calendar day following the Initial Rate Period of such Series to, and including, the next Rate Determination Date for such Series and any period thereafter from, and including, the first calendar day following a Rate Determination Date for shares of such Series to, and including, the next succeeding Rate Determination Date for shares of such Series.

  • Daily Rate Period means a period commencing on one Business Day and extending to, but not including, the next succeeding Business Day, during which Multi-Modal Bonds bear interest at the Daily Rate.

  • Rate/Term Refinancing A Refinanced Mortgage Loan, the proceeds of which are not more than a nominal amount in excess of the existing first mortgage loan and any subordinate mortgage loan on the related Mortgaged Property and related closing costs, and were used exclusively (except for such nominal amount) to satisfy the then existing first mortgage loan and any subordinate mortgage loan of the Mortgagor on the related Mortgaged Property and to pay related closing costs.

  • Initial Rate Cap With respect to each Adjustable Rate Mortgage Loan and the initial Adjustment Date therefor, a number of percentage points per annum that is set forth in the Mortgage Loan Schedule and in the related Mortgage Note, which is the maximum amount by which the Mortgage Interest Rate for such Adjustable Rate Mortgage Loan may increase or decrease from the Mortgage Interest Rate in effect immediately prior to such Adjustment Date.

  • Additional Term Loans means any term loan added pursuant to Section 2.22, 2.23 and/or 9.02(c)(i).

  • Interest Rate Option means any LIBOR Rate Option or Base Rate Option.

  • Term Maturity Date means December 30, 2021 (or, with respect to any Term Lender that has extended the maturity date of its Term Loans pursuant to Section 2.19(b), the extended maturity date set forth in the Extension Notice delivered by the Borrower and such Term Lender to the Administrative Agent pursuant to Section 2.19(b)).