Interest Rate to Maturity Sample Clauses

Interest Rate to Maturity. Subject to the Remarketing Dealer's election to remarket the ROARS, by 3:30 p.m., New York City time, on the third Business Day immediately preceding any Remarketing Date (a "Floating Rate Spread Determination Date" or the "Fixed Rate Determination Date" depending on the following election) the Remarketing Dealer shall determine the Floating Rate Spread in the case that the Company has elected the Floating Period Option or otherwise the Interest Rate to Maturity to the nearest one hundredth (0.01) of one percent per annum unless the Company has chosen to redeem, or is required to redeem, the ROARS. Each Floating Period Interest Rate will equal the sum of a Reference Rate and a Floating Rate Spread. The Interest Rate to Maturity shall be equal to the sum of 6.07% (the "Base Rate") and the Applicable Spread, which will be based on the Dollar Price of the ROARS. For this purpose, the following terms shall have the following meanings:
Sample 1
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Interest Rate to Maturity. Subject to the Remarketing Dealer's election to remarket the MOPPRS as provided in subsection (a) above, the Interest Rate to Maturity shall be determined by the Remarketing Dealer by 3:30 p.m., New York City time, on the third Business Day preceding the Remarketing Date (the "Determination Date") to the nearest one hundred-thousandth (0.00001) of one percent per annum, and shall be equal to the sum of 5.753% (the "Base Rate") plus the Applicable Spread (as defined below), which will be based on the Dollar Price (as defined below) of the MOPPRS. The "Applicable Spread" will be the lowest bid indication, expressed as a spread (in the form of a percentage or in basis points) above the Base Rate, obtained by the Remarketing Dealer on the Determination Date from the bids quoted by five Reference Corporate Dealers (as defined below) for the full aggregate principal amount of the MOPPRS at the Dollar Price, but assuming (i) an issue date equal to the Remarketing Date, with settlement on such date without accrued interest, (ii) a maturity date equal to the Stated Maturity Date of the MOPPRS, and (iii) a stated annual interest rate equal to the Base Rate plus the spread
Sample 1
Interest Rate to Maturity. Subject to the Call Holder's election to remarket the MVPs as provided in Section 2 hereof and subject further to Sections 4(c) and 7 hereof and the Remarketing and Interest Calculation Agreement, the Interest Rate to Maturity shall be determined by the Calculation Agent by 3:30 p.m., New York City time, on the third Business Day preceding the Remarketing Date (if such date is not the Interim Period Remarketing Date) or the Additional Remarketing Date (in the event of the Interim Period) (subject to Section 4(c) hereof, the "Determination Date") to the nearest one hundred-thousandth (0.00001) of one percent per annum by soliciting firm committed bids, expressed as a spread over the Base Rate, to purchase all outstanding MVPs at the Dollar Price, and by selecting the lowest such firm committed bid (regardless of whether each of the Reference Corporate Dealers actually submits bids). The Interest Rate to Maturity will be equal to the sum of 4.68% (the "Base Rate") plus the Applicable Spread. The Interest Rate to Maturity announced by the Calculation Agent, absent manifest error, shall be binding and conclusive upon the Beneficial Owners and Holders of the MVPs, the Call Holder, the Company and the Trustee.
Sample 1
Interest Rate to Maturity. (1) The interest rate in effect with respect to the Securities immediately prior to the Initial Reset Date shall be reset on the Initial Reset Date to equal the Interest Rate to Maturity, as determined by the Remarketing Agent in accordance with the procedures established in the Remarketing Agreement and subject to Section 3.6, and shall be effective from and including the Initial Reset Date to but excluding the final maturity of the Securities, unless the Issuer shall exercise the Floating Rate Option in accordance with paragraph (b) of this Section 3.4. If the Issuer shall have exercised the Floating Rate Option, then the Floating Period Interest Rate shall be reset in accordance with the Remarketing Agreement on the Reset Date corresponding to the Floating Rate Period Termination Date to equal the Interest Rate to Maturity, which interest rate shall be effective from and including such Reset Date to but excluding the final maturity of the Securities.
Sample 1
Interest Rate to Maturity. If the Remarketing Dealer elects to purchase the ROARS on the first Remarketing Date, then by 3:30 p.m., New York City time, on the Floating Rate Spread Determination Date or the Fixed Rate Determination Date with respect to the first Remarketing Date, depending on the following election, the Remarketing Dealer shall determine (1) the Floating Rate Spread, in the case that the Company has elected to exercise its Floating Period Option, or (2) the Interest Rate to Maturity to the nearest one hundredth of one percent (0.01%) per year unless the Company has elected to redeem the ROARS in accordance with Section 3.1(b), or is required to redeem the ROARS pursuant to Section 3.1(a). If there is a subsequent Remarketing Date, by 3:30 p.m., New York City time, on the related Fixed Rate Determination Date, the Remarketing Dealer shall determine the Interest Rate to Maturity to the nearest one hundredth of one percent (0.01%) per annum unless the Company elects or is required to redeem the ROARS as aforesaid. On the Floating Rate Spread Determination Date or the Fixed Rate Determination Date with respect to the first Remarketing Date, the Remarketing Dealer shall determine the Dollar Price. The Interest Rate to Maturity and the Dollar Price for the ROARS announced by the Remarketing Dealer, absent manifest error, shall be binding and conclusive upon the Holders, the holders of beneficial interests in the ROARS, the Company and the Trustee, and the Trustee shall have no responsibility for the calculation thereof.
Sample 1
Interest Rate to Maturity. The Interest Rate to Maturity on a ------------------------- series of ROARS purchased by the Remarketing Dealer on the applicable Remarketing Date shall be determined by the Remarketing Dealer by 3:30 p.m., New York City time, on the third Business Day immediately preceding such Remarketing Date (the "Determination Date") to the nearest one hundred-thousandth (0.00001) of one percent per annum, and shall be equal to the sum of 5.6825% per annum in the case of the 6.375% ROARS (the "6.375 % ROARS Base Rate") and 5.6825% per annum in the case of the 6.50% ROARS (the "6.50% ROARS Base Rate" and, together with the "6.375% ROARS Base Rate", each a "Base Rate") and the Applicable Spread, which shall be based on the Dollar Price of the applicable series of ROARS, except under certain circumstances, as set forth in Section 12 of the Remarketing Agreement. For this purpose, the following terms shall have the following meanings:
Sample 1
Interest Rate to Maturity. Subject to the Remarketing Dealer's election to remarket the ROARS, by 3:30 p.m., New York City time, on the third Business Day immediately preceding any Remarketing Date (a "Floating Rate Spread Determination Date" or the "Fixed Rate Determination Date" depending on the following election) the Remarketing Dealer shall determine the Floating Rate Spread in the case that the Company has elected the Floating Period Option or otherwise the Interest Rate to Maturity to the nearest one hundredth (0.01) of one percent per annum unless the Company has chosen to redeem, or is required to redeem, the ROARS. Each Floating Period Interest Rate will equal the sum of a Reference Rate and a Floating Rate Spread. The Interest Rate to Maturity shall be equal to the sum of 6.07% (the "Base Rate") and the Applicable Spread, which will be based on the Dollar Price of the ROARS. For this purpose, the following terms shall have the following meanings: Applicable Spread" shall be the lowest Bid, expressed as a spread (in the form of a percentage or in basis points) above the Base Rate for the ROARS, obtained by the Remarketing Dealer at 3:30 p.m., New York City time, on the Fixed Rate Determination Date from the Bids quoted to the Remarketing Dealer by five Reference Corporate Dealers. A "Bid" will be an irrevocable offer to purchase the total aggregate outstanding principal amount of the ROARS at the Dollar Price, but assuming (i) an issue date that is the Fixed Rate Remarketing Date applicable to such ROARS, with settlement on such date without accrued interest, (ii) a maturity date that is
Sample 1
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Interest Rate to Maturity. If the Remarketing Dealer elects to purchase the ROARS, then by 3:30 p.m., New York City time, on the third Business Day immediately preceding any Remarketing Date (a "Floating Rate Spread Determination Date" or the "Fixed Rate Determination Date", depending on the following election, each a "Determination Date") the Remarketing Dealer will determine the Floating Rate Spread in the case that the Company has elected the Floating Period Option, or otherwise the Interest Rate to Maturity to the nearest one hundredth (0.01) of one percent per annum unless the Company has chosen to redeem, or is required to redeem, the ROARS. Each Floating Period Interest Rate will equal the sum of a Reference Rate and a Floating Rate Spread. The Interest Rate to Maturity shall be equal to the sum of 6.50% (the "Base Rate") and the Applicable Spread, which will be based on the Dollar Price of the ROARS. The Interest Rate to Maturity for the ROARS announced by the Remarketing Dealer, absent manifest error, shall be binding and conclusive upon the holders of beneficial interests in the ROARS (the "Beneficial Owners"), the Company and the Trustee. For this purpose, the following terms shall have the following meanings:
Sample 1

Related to Interest Rate to Maturity

  • Term to Maturity Each Receivable had an original term to maturity of not more than 72 months and not less than 12 months and a remaining term to maturity as of the Cutoff Date of not more than 71 months and not less than three months.

  • Original Terms to Maturity The original term to maturity of substantially all of the Mortgage Loans included in the Mortgage Pool shall be between 20 and 30 years.

  • Prior to Maturity Except as otherwise provided in Section 2.9(b), prior to maturity, the Loans shall bear interest on the outstanding principal balance thereof at the applicable interest rate or rates per annum set forth below: ADVANCES RATE Each ABR Advance Alternate Base Rate. Each Eurodollar Advance Eurodollar Rate for the applicable Eurodollar Interest Period plus the Applicable Margin. Each Competitive Bid Loan Bid Rate applicable thereto for the applicable Competitive Interest Period.

  • Post-Maturity Rates After the date any principal amount of any Loan is due and payable (whether on the Revolving Commitment Termination Date, upon acceleration or otherwise), or after any other monetary Obligation of the Borrower shall have become due and payable, the Borrower shall pay, but only to the extent permitted by law, interest (after as well as before judgment) on such amounts at a rate per annum equal to the Base Rate plus a margin of 2.00%.

  • Interest Rate Options The Borrower shall pay interest in respect of the outstanding unpaid principal amount of the Loans as selected by it from the Base Rate Option or LIBOR Rate Option set forth below applicable to the Loans, it being understood that, subject to the provisions of this Agreement, the Borrower may select different Interest Rate Options and different Interest Periods to apply simultaneously to the Loans comprising different Borrowing Tranches and may convert to or renew one or more Interest Rate Options with respect to all or any portion of the Loans comprising any Borrowing Tranche; provided that (i) there shall not be at any one time outstanding more than ten (10) Borrowing Tranches in the aggregate among all of the Loans and (ii) if an Event of Default or Potential Default exists and is continuing, the Borrower may not request, convert to, or renew the LIBOR Rate Option for any Loans and the Required Lenders may demand that all existing Borrowing Tranches bearing interest under the LIBOR Rate Option shall be converted immediately to the Base Rate Option, subject to the obligation of the Borrower to pay any indemnity under Section 5.9 [Indemnity] in connection with such conversion. If at any time the designated rate applicable to any Loan made by any Lender exceeds such Lender’s highest lawful rate, the rate of interest on such Lender’s Loan shall be limited to such Lender’s highest lawful rate.

  • Interest After Maturity Any amount of the Loans not paid when due, whether at the date scheduled therefor or earlier upon acceleration, shall bear interest until paid in full at a rate per annum equal to the greater of (i) 2.00% in excess of the rate applicable to the unpaid principal amount immediately before it became due, or (ii) 2.00% in excess of the Base Rate in effect from time to time.

  • Floating Rate/Fixed Rate Notes If this Note is specified on the face hereof as a “Floating Rate/Fixed Rate Note”, this Note will bear interest at the rate determined by reference to the applicable Interest Rate Basis or Interest Rate Bases: (1) plus or minus the applicable Spread, if any; and/or (2) multiplied by the applicable Spread Multiplier, if any. Commencing on the first Interest Reset Date, the rate at which this Floating Rate/Fixed Rate Note is payable will be reset as of each Interest Reset Date; provided, however, that: (A) the interest rate in effect for the period, if any, from the Original Issue Date to the first Interest Reset Date will be the Initial Interest Rate specified on the face hereof; and (B) the interest rate in effect commencing on the Fixed Rate Commencement Date will be the Fixed Interest Rate, if specified on the face hereof, or, if not so specified, the interest rate in effect on the day immediately preceding the Fixed Rate Commencement Date.

  • Final Maturity The Stated Maturity Date for any Note will be the date so specified in the Supplement, which shall be no later than 397 days from the date of issuance. On its Stated Maturity Date, or any date prior to the Stated Maturity Date on which the particular Note becomes due and payable by the declaration of acceleration, each such date being referred to as a Maturity Date, the principal amount of each Note, together with accrued and unpaid interest thereon, will be immediately due and payable.

  • Constant Maturity Swap Rate Notes If the Interest Rate Basis is the Constant Maturity Swap Rate, this Note shall be deemed a “Constant Maturity Swap Rate Note.” Unless otherwise specified on the face hereof, “Constant Maturity Swap Rate” means: (1) the rate for U.S. dollar swaps with the designated maturity specified in the applicable pricing supplement, expressed as a percentage, which appears on the Reuters Screen (or any successor service) ISDAFIX1 Page as of 11:00 A.M., New York City time, on the particular Interest Determination Date; or (2) if the rate referred to in clause (1) does not appear on the Reuters Screen (or any successor service) ISDAFIX1 Page by 2:00 P.M., New York City time, on such Interest Determination Date, a percentage determined on the basis of the mid-market semiannual swap rate quotations provided by the reference banks (as defined below) as of approximately 11:00 A.M., New York City time, on such Interest Determination Date, and, for this purpose, the semi-annual swap rate means the mean of the bid and offered rates for the semi-annual fixed leg, calculated on a 30/360 day count basis, of a fixed-for-floating U.S. dollar interest rate swap transaction with a term equal to the designated maturity

  • Interest Rate Contracts The Borrower shall at all times from and after the date of this Agreement maintain in full force and effect, an Interest Rate Contract(s) in form and substance satisfactory to Agent in an amount necessary to ensure that the outstanding “Debt” (as hereinafter defined) of Borrower, the Guarantors and their respective Subsidiaries that is Variable Rate Debt does not exceed twenty-five percent (25%) of Consolidated Total Adjusted Asset Value of the Borrower. The Interest Rate Contract(s) shall be provided by any Bank which is a party to this Agreement or a bank or other financial institution that has unsecured, uninsured and unguaranteed long-term debt which is rated at least A-3 by Xxxxx’x Investor Service, Inc. or at least A- by Standard & Poor’s Corporation. The Borrower shall upon the request of the Agent provide to the Agent evidence that the Interest Rate Contract(s) is in effect. For the purposes of this §7.18, the term “Debt” shall mean any indebtedness of the Borrower, the Guarantors or any their respective Subsidiaries, whether or not contingent, and without duplication, in respect of (i) borrowed money evidenced by bonds, notes, debentures or similar instruments or (ii) indebtedness secured by any mortgage, pledge, lien, charge, encumbrance or any security interest existing on property owned by the Borrower, any Guarantor or any of their respective Subsidiaries, to the extent that any such items would appear as a liability on the balance sheet of the Borrower, the Guarantors or any of their respective Subsidiaries in accordance with GAAP, and also includes, to the extent not otherwise included, any obligation by the Borrower, the Guarantors or any of their respective Subsidiaries to be liable for, or to pay, as obligor, guarantor or otherwise (other than for purposes of collection in the ordinary course of business), indebtedness of another Person (other than the Borrower, any Guarantor or any of their respective Subsidiaries) (it being understood that Debt shall be deemed to be incurred by the Borrower, the Guarantors or any of their respective Subsidiaries whenever the Borrower, any Guarantor or any of their respective Subsidiaries shall create, assume, guarantee or otherwise become liable in respect thereof).

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