Adjustable Rate Conversion Date definition

Adjustable Rate Conversion Date means each Interest Payment Date on which the Bonds, upon having been converted to the Adjustable Rate Mode from another Mode, shall first begin to bear interest at an Adjustable Rate in accordance with the terms of this Indenture, and each subsequent Adjustable Rate Reset Date.
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Adjustable Rate Conversion Date means a date on which any Series 2003 Bonds begin to bear interest at an Adjustable Rate.
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Adjustable Rate Conversion Date means the Daily Rate Interest Payment Date or the Weekly Rate Interest Payment Date on which a Bond begins to bear interest at an Adjustable Rate in accordance with the terms of the Indenture.
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Examples of Adjustable Rate Conversion Date in a sentence

  • The undersigned hereby certifies and confirms that an Adjustable Rate Conversion Date [or a CP Rate Conversion Date] with respect to all of the Bonds has occurred on [insert date], and, accordingly, said Letter of Credit shall terminate on the Business Day after such Conversion Date in accordance with its terms.

  • From and after each Adjustable Rate Conversion Date or Adjustable Rate Reset Date with respect to the Series [Series Designation] Bonds, the interest rate on the Series [Series Designation] Bonds shall be an Adjustable Rate as provided hereafter.

  • The Bonds of a Series shall be subject to mandatory tender and purchase on the Adjustable Rate Conversion Date or Adjustable Rate Reset Date relating to such Series of Bonds, as appropriate.

  • From and after each Adjustable Rate Conversion Date or Adjustable Rate Reset Date, to the earlier of its maturity, redemption, the following Conversion Date, the following Adjustable Rate Reset Date or the following date on which the Bond shall be subject to mandatory tender, the interest rate on this Bond shall be an Adjustable Rate, determined as provided below and in the Indenture.

  • From and after each Adjustable Rate Conversion Date or Adjustable Rate Reset Date, the interest rate on this Bond shall be an Adjustable Rate, determined as provided below and in the Indenture.

  • The Bonds shall bear interest at an Adjustable Rate from each Adjustable Rate Conversion Date or each Adjustable Rate Reset Date, as appropriate, to the earlier of their redemption or maturity, the following Conversion Date, the following Adjustable Rate Reset Date or the following date on which the Bonds shall be subject to mandatory tender for purchase pursuant to Section 2.04 hereof.

Related to Adjustable Rate Conversion Date

  • Adjustable Rate Certificates The Class A Certificates and the Mezzanine Certificates.

  • Mandatory Conversion Date has the meaning set forth in Section 7(a).

  • Interest Conversion Rate means the lesser of (a) the Conversion Price or (b) 90% of the lesser of (i) the average of the VWAPs for the 20 consecutive Trading Days ending on the Trading Day that is immediately prior to the applicable Interest Payment Date or (ii) the average of the VWAPs for the 20 consecutive Trading Days ending on the Trading Day that is immediately prior to the date the applicable Interest Conversion Shares are issued and delivered if such delivery is after the Interest Payment Date.

  • Forced Conversion Date shall have the meaning set forth in Section 6(d).

  • Judgment Conversion Date as defined in subsection 10.8(a).

  • Interest Conversion Price means, with respect to any Interest Date, that price which shall be computed as 100.0% of the arithmetic average of the Weighted Average Price of the Common Stock on each of the ten (10) consecutive Trading Days immediately preceding the applicable Interest Date (each, an “Interest Measuring Period”). All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction during such period.

  • Term Loan Conversion Date means the Termination Date on which all Revolving Credit Advances outstanding on such date are converted into a term loan pursuant to Section 2.06.

  • Adjustable Rate Mortgage Loan A Mortgage Loan serviced pursuant to this Agreement under which the Mortgage Interest Rate is adjusted from time to time in accordance with the terms and provisions of the related Mortgage Note.

  • Interest Rate Change Date The date on which the Mortgage Interest Rate is subject to change as provided in the related Mortgage Note.

  • Reference Rate of Interest Event means, with respect to the Swap Rate or any subsequent Reference Rate of Interest (the "Reference Rate of Interest") one of the following events:

  • Variable Rate means a per annum rate of interest, equal to LIBOR plus 1.68%, as determined on the LIBOR Determination Date preceding each Interest Payment Date, reset quarterly, commencing upon expiration of the Fixed Rate Period.

  • Conversion Date shall have the meaning set forth in Section 4(a).

  • Optional Conversion Date means, with respect to the Optional Conversion of any Convertible Preferred Stock, the first Business Day on which the requirements set forth in Section 10(d)(ii) for such conversion are satisfied.

  • Subsequent Fixed Rate Period means for the initial Subsequent Fixed Rate Period, the period commencing on July 1, 2020 and ending on and including June 30, 2025 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 June 30 in the fifth year thereafter.

  • Automatic Conversion Date shall have the meaning specified in Section 15.12(a).

  • Interest Rate Adjustment Date With respect to each Adjustable Rate Mortgage Loan, the date, specified in the related Mortgage Note and the related Mortgage Loan Schedule, on which the Mortgage Interest Rate is adjusted.

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

  • Floating Rate Certificate A Certificate that provides for the payment of interest at a Floating Pass-Through Rate determined periodically by reference to a formula specified in the related Supplement.

  • Default Conversion Price shall have the meaning set forth in Section 4(b).

  • LIBOR Rate Adjustment Date With respect to each Distribution Date, the second LIBOR Business Day immediately preceding the commencement of the related Interest Accrual Period.

  • 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.

  • Floating Rate Calculation Date means, for any Quarterly Floating Rate Period, the 30th day prior to the first day of such Quarterly Floating Rate Period.

  • Floating Rate Certificates The Class A Certificates and the Mezzanine Certificates.

  • Applicable Conversion Rate means the Conversion Rate in effect at any given time.

  • Forced Conversion Amount means the sum of (a) 100% of the aggregate Stated Value then outstanding and (b) all liquidated damages and other amounts due in respect of the Preferred Stock.

  • Alternate Conversion Price means, with respect to any Alternate Conversion that price which shall be the lowest of (i) the applicable Conversion Price as in effect on the applicable Conversion Date of the applicable Alternate Conversion, and (ii) the greater of (x) the Floor Price and (y) 80% of the lowest VWAP of the Common Stock during the five (5) consecutive Trading Day period ending and including the Trading Day immediately preceding the delivery or deemed delivery of the applicable Conversion Notice (such period, the “Alternate Conversion Measuring Period”). All such determinations to be appropriately adjusted for any stock dividend, stock split, stock combination, reclassification or similar transaction that proportionately decreases or increases the Common Stock during such Alternate Conversion Measuring Period.