All Hold Rate Clause Samples
The "All Hold Rate" clause defines the percentage or amount of revenue that must be retained or held back from payments, typically in the context of financial transactions or service agreements. In practice, this clause specifies that a certain portion of funds—such as ticket sales, royalties, or other receivables—will not be immediately disbursed but instead held in reserve, often to cover potential refunds, chargebacks, or other liabilities. Its core function is to protect the party making payments from unforeseen losses or claims by ensuring that sufficient funds are available to address such contingencies.
All Hold Rate. (a) On each Remarketing Terms Determination Date for a class of Reset Rate Notes which is denominated in U.S. Dollars during both the then-current Reset Period and the immediately following Reset Period, the Remarketing Agents, in consultation with the Administrator, will establish the related All Hold Rate for that class of Reset Rate Notes. With respect to any class of Reset Rate Notes that is either in Foreign Exchange Mode during the then-current Reset Period or will be reset into Foreign Exchange Mode on the immediately following Reset Date, all related Reset Rate Noteholders will be deemed to have tendered their Notes on the related Reset Date, regardless of any desire by such Reset Rate Noteholders to retain their ownership thereof, and no All Hold Rate will be applicable.
All Hold Rate. (a) On each Remarketing Terms Determination Date for the Reset Rate Notes which are denominated in U.S. Dollars during both the then-current Reset Period and the immediately following Reset Period, the Remarketing Agents, in consultation with the Administrator, will establish the All Hold Rate for the Reset Rate Notes. With respect to the Reset Rate Notes that are either in Foreign Exchange Mode during the then-current Reset Period or will be reset into Foreign Exchange Mode on the immediately following Reset Date, all Reset Rate Noteholders will be deemed to have tendered their Notes on the Reset Date, regardless of any desire by such Reset Rate Noteholders to retain their ownership thereof, and no All Hold Rate will be applicable.
All Hold Rate. On each Remarketing Terms Determination Date, unless such Class of the Reset Rate Notes is to be reset to bear interest at an Auction Rate pursuant to Section 2.01(f) of this Appendix, the Remarketing Agents, in consultation with the Issuer, will establish the related All Hold Rate. Unless such Class of the Reset Rate Notes is to be reset to bear interest at an Auction Rate pursuant to Section 2.01(f) of this Appendix, if 100% of the Registered Owners of a Class of the Reset Rate Notes deliver timely Hold Notices wherein they elect to hold their Reset Rate Notes for the next Reset Period, the related interest rate for that Class during the immediately following Reset Period will be the All Hold Rate. The All Hold Rate will be the minimum rate of interest that will be effective for the upcoming Reset Period. If any of the related Registered Owners are deemed to have tendered their Class of the Reset Rate Notes and the rate of interest using the Spread or fixed rate of interest established on the Spread Determination Date is higher than the All Hold Rate, all Registered Owners who delivered a Hold Notice agreeing to be subject to the All Hold Rate instead will be entitled to the higher rate of interest for the upcoming Reset Period.
All Hold Rate. (a) On each Remarketing Terms Determination Date for a class of Reset Rate Notes, the Remarketing Agents, in consultation with the Administrator, will establish the related All Hold Rate for such class.
All Hold Rate. On each Remarketing Terms Determination Date, the Remarketing Agents, in consultation with the Administrator, will establish the related All Hold Rate. If 100% of the Noteholders of a class of Reset Rate Notes deliver timely Hold Notices wherein they elect to hold their Reset Rate Notes for the next Reset Period, the related reset rate will be the All Hold Rate. The All Hold Rate will be the minimum rate of interest that will be effective for the upcoming Reset Period. If any of the related Noteholders are deemed to have tendered their class of Reset Rate Notes and the rate of interest using the Spread or fixed A-3-91 rate of interest established on the Spread Determination Date is higher than the All Hold Rate, all Noteholders who delivered a Hold Notice agreeing to be subject to the All Hold Rate instead will be entitled to the higher rate of interest for the upcoming Reset Period.