Adjustments to Index Interest Rates Sample Clauses

Adjustments to Index Interest Rates. As provided in the Indenture, notwithstanding anything to the contrary in the Indenture, with respect to Authority Notes in an Index Interest Rate Period, (i) from and after any Taxable Date, the interest rate on the Authority Notes shall be established at a rate equal to the Taxable Rate and (ii) subject to the interest rate limitations of Section 2.03
Sample 1
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Adjustments to Index Interest Rates. Notwithstanding anything to the contrary herein, (i) from and after any Taxable Date, the interest rate on the Bonds shall be established at a rate equal to the Taxable Rate and (ii) subject to the interest rate limitations of Section 1.02(b) of this Exhibit A, upon the occurrence and continuation of any Event of Default, from and after the effective date of such Event of Default, the interest rate on the Bonds shall be established at a rate equal to the Default Rate. In the event that a Taxable Date and an Event of Default have occurred, the interest rate on the Bonds shall be established at a rate equal to the greatest of (A) the Default Rate, (B) the Taxable Rate and (C) the interest rate that otherwise would be applicable to the Bonds but for the provisions of this paragraph.
Sample 1
Adjustments to Index Interest Rates. Notwithstanding anything to the contrary herein, (i) from and after any Taxable Date, the interest rate on the Bonds shall be established at a rate equal to the Taxable Rate, and (ii) subject to the interest rate limitations of Section 1.02(b) of this Exhibit A, upon the occurrence and continuation of any Event of Default, from and after the effective date of such Event of Default, the interest rate on the Bonds shall be established at a rate equal to the Default Rate. In the event that more than one of a Taxable Date and an Event of Default have occurred, the interest rate on the Bonds shall be established at a rate equal to the greatest of (A) the Default Rate, if any Event of Default has occurred, (B) the Taxable Rate, if a Taxable Date has occurred, and (C) the interest rate that otherwise would be applicable to the Bonds but for the provisions of this paragraph.
Sample 1
Adjustments to Index Interest Rates. Notwithstanding anything to the contrary herein, with respect to Authority Notes in an Index Interest Rate Period, (i) from and after any Taxable Date, the interest rate on the Authority Notes shall be established at a rate equal to the Taxable Rate and (ii) subject to the interest rate limitations of Section 2.03, upon the occurrence and during the continuation of any Event of Default, from and after the effective date of such Event of Default, the interest rate on the Authority Notes shall be established at a rate equal to the greater of the Default Rate and the interest rate that otherwise would be applicable to the Authority Notes but for the provisions of this paragraph. In the event that a Taxable Date and an Event of Default have occurred, the interest rate on the Authority Notes shall at all times be established at a rate equal to the greatest of (a) the Default Rate, (b) the Taxable Rate and (c) the interest rate that otherwise would be applicable to the Authority Notes but for the provisions of this paragraph.
Sample 1

Related to Adjustments to Index Interest Rates

  • Fixed Interest Rates Each Mortgage Loan bears interest at a rate that remains fixed throughout the remaining term of such Mortgage Loan, except in the case of ARD loans and situations where default interest is imposed.

  • Performance Adjustment Rate Except as otherwise provided in sub-paragraph (e) of this paragraph 3, the Performance Adjustment Rate is 0.02% for each percentage point (the performance of the Portfolio and the Index each being calculated to the nearest .01%) that the Portfolio's investment performance for the performance period was better or worse than the record of the Index as then constituted. The maximum performance adjustment rate is 0.20%. For purposes of calculating the performance adjustment of the portfolio, the portfolio's investment performance will be based on the performance of the retail class. The performance period will commence with the first day of the first full month following the retail class's commencement of operations. During the first eleven months of the performance period for the retail class, there will be no performance adjustment. Starting with the twelfth month of the performance period, the performance adjustment will take effect. Following the twelfth month a new month will be added to the performance period until the performance period equals 36 months. Thereafter the performance period will consist of the current month plus the previous 35 months. The Portfolio's investment performance will be measured by comparing (i) the opening net asset value of one share of the retail class of the Portfolio on the first business day of the performance period with (ii) the closing net asset value of one share of the retail class of the Portfolio as of the last business day of such period. In computing the investment performance of the retail class of the Portfolio and the investment record of the Index, distributions of realized capital gains, the value of capital gains taxes per share paid or payable on undistributed realized long-term capital gains accumulated to the end of such period and dividends paid out of investment income on the part of the Portfolio, and all cash distributions of the securities included in the Index, will be treated as reinvested in accordance with Rule 205-1 or any other applicable rules under the Investment Advisers Act of 1940, as the same from time to time may be amended.

  • Applicable Interest Rates (a) U.S.

  • Applicable Interest Rate 5.10.1 In respect of Pre-Delivery Interest Periods or Interest Periods pursuant to Clause 5.3.1 and subject to Clause 5.3.1, Clause 5.12 and Clause 6, the rate of interest applicable to the Loan (or relevant part in the case of the division of the Loan under Clause 5.8) during a Pre-Delivery Interest Period or an Interest Period shall be the Floating Interest Rate.

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