Adjusted SIFMA Rate definition

Adjusted SIFMA Rate means the sum of the SIFMA Rate plus the applicable spread shown below for each maturity of the 2015A-2 Bonds. Maturity Date Applicable Spread May 1, 2016 0.15% December 1, 2017 0.50% December 1, 2018 0.65% December 1, 2019 0.70% December 1, 2021 0.90% Notwithstanding the foregoing: (A) the Adjusted SIFMA Rate to be applicable to the 2015A-2 Bonds from the initial date of issuance thereof to and including the first Adjustment Date shall be as set forth in a certificate executed by the Representative and the Commission and delivered to the Trustee; and (B) the Adjusted SIFMA Rate shall in no event exceed the Maximum Rate.
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Adjusted SIFMA Rate means the sum of the SIFMA Rate plus: (i) for the 2013A Bonds maturing on December 1, 2017, 0.60%; and (ii) for the 2013A Bonds maturing on December 1, 2018, 0.68%. Notwithstanding the foregoing, (A) the Adjusted SIFMA Rate to be applicable to the 2013A Bonds from the initial date of issuance of the 2013A Bonds to and including the first Adjustment Date shall be as set forth in a certificate executed by the Representative and the Commission and delivered to the Trustee, and (B) the Adjusted SIFMA Rate shall in no event exceed the Maximum Rate.
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Adjusted SIFMA Rate means the SIFMA Rate (as defined herein), plus % ( basis points); provided that in no event shall the Adjusted SIFMA Rate be less than zero percent (0.0%).
Sample 1

Examples of Adjusted SIFMA Rate in a sentence

  • The Adjusted SIFMA Rate shall adjust on each Adjustment Date, based upon the SIFMA Rate published for such week, with the effective date for each adjustment of the Adjusted SIFMA Rate to be each Thursday.

  • The determination of the Adjusted SIFMA Rate (absent manifest error) shall be conclusive and binding upon the Commonwealth and the Owners of the Bonds.

  • The Bonds shall bear interest from and including the date of delivery thereof at the Adjusted SIFMA Rate until payment of the principal or redemption price thereof shall have been made or provided for in accordance with the provisions hereof, whether at maturity, upon redemption or otherwise.

  • Thereafter, the Adjusted SIFMA Rate will be determined by the Calculation Agent; provided, however the Adjusted SIFMA Rate shall not exceed the Maximum Rate nor be less than 0%.

  • Upon determining the Adjusted SIFMA Rate for a given week, the Calculation Agent (if the Calculation Agent is not then the Commonwealth itself) shall notify the Commonwealth of such rate by electronic mail (e-mail) or by telephone at the notice address provided below or in such other manner as may be appropriate on the date of such determination, which notice, if provided by telephone, shall be promptly confirmed in writing.

  • If for any reason the Adjusted SIFMA Rate shall not be established, the Bonds shall bear interest at the Adjusted SIFMA Rate last in effect until such time as a new Adjusted SIFMA Rate shall be established pursuant to the terms hereof.

  • Except as otherwise defined herein all terms shall have the meanings ascribed to them in Appendix I attached hereto, and the determination of the Adjusted SIFMA Rate, the definitions (except as otherwise specifically defined herein) and other terms and provisions of the Bonds shall be as provided in Appendix I attached hereto, the terms of which are hereby incorporated by reference into this Bond.


More Definitions of Adjusted SIFMA Rate

Adjusted SIFMA Rate means the sum of the SIFMA Rate plus the per annum spread for each maturity determined by the Authority as described in the Certificate of Determination.
Sample 1
Adjusted SIFMA Rate means the rate which is the SIFMA Rate, plus 0.53% (53 basis points) but in no event shall the interest rate be less than 0%. The Adjusted SIFMA Rate for Series 2012D Bonds is more particularly described herein.
Sample 1
Adjusted SIFMA Rate means the sum of the SIFMA Rate plus, (i) for the 2014B-1 Bonds maturing on December 1, 2015, %, (ii) for the 2014B-1 Bonds maturing on December 1, 2016, %, (iii) for the 2014B-1 Bonds maturing on December 1, 2017, %,
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Adjusted SIFMA Rate has the meaning set forth in the Bond.
Sample 1
Adjusted SIFMA Rate means the rate of interest per annum equal to the sum obtained by adding (a) the SIFMA Index Rate plus (b) the Spread.
Sample 1
Adjusted SIFMA Rate means, with respect to the Series B Bonds, the SIFMA Rate (as defined herein), plus and with respect to the Series C Bonds, the SIFMA Rate (as defined herein), plus ; provided that in no event shall the Adjusted SIFMA Rate in each case be less than zero percent (0.0%).
Sample 1

Related to Adjusted SIFMA Rate

  • Adjusted LIBOR means, for any Borrowing of Eurodollar Loans, a rate per annum determined in accordance with the following formula: Adjusted LIBOR = LIBOR

  • Adjusted LIBOR Rate means, at any time with respect to any LIBOR Loan, a rate per annum equal to the LIBOR Rate as in effect at such time plus the Applicable Margin Percentage for LIBOR Loans as in effect at such time.

  • Adjusted LIBO Rate means, with respect to any Eurodollar Borrowing for any Interest Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal to (a) the LIBO Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate.

  • HICP Daily Inflation Reference Index means (A) in relation to the first calendar day of any given month, the HICP Monthly Reference Index of the third month preceding such month, and (B) in relation to a calendar day (D) (other than the first calendar day) in any given month (M), the linear interpolation of the HICP Monthly Reference Index pertaining respectively to the third month preceding such month (M - 3) and the second month preceding such month (M - 2) calculated in accordance with the following formula:

  • CPI Daily Inflation Reference Index means (A) in relation to the first day of any given month, the CPI Monthly Reference Index of the third month preceding such month, and (B) in relation to a day (D) (other than the first day) in any given month (M), the linear interpolation of the CPI Monthly Reference Index pertaining respectively to the third month preceding such month (M - 3) and the second month preceding such month (M - 2) calculated in accordance with the following formula:

  • Reference Rate Determination Date means, in relation to any Reference Rate Business Day(i):

  • Adjusted Base Rate means the Base Rate plus the Applicable Percentage.

  • Reference Value means the last reported sales price of the shares of Common Stock for any twenty (20) trading days within the thirty (30) trading-day period ending on the third trading day prior to the date on which notice of the redemption is given.

  • Compounded Daily Reference Rate means, with respect to an Interest Period, the rate of return of a daily compound interest investment in the Specified Currency (with the applicable Reference Rate (as indicated in the relevant Final Terms and further provided for below) as the reference rate for the calculation of interest) and will be calculated by the Calculation Agent on the Interest Determination Date, as follows, and the resulting percentage will be rounded, if necessary, to the fifth decimal place, with 0.000005 being rounded upwards:

  • SONIA Reference Rate means, in respect of any London Banking Day, a reference rate equal to the daily Sterling Overnight Index Average ("SONIA") rate for such London Banking Day as provided by the administrator of SONIA to authorised distributors and as then published on the Relevant Screen Page (or if the Relevant Screen Page is unavailable, as otherwise is published by such authorised distributors) on the London Banking Day immediately following such London Banking Day; and

  • Average Monthly Limit means the maximum allowable "Average Monthly Concentration" as defined in Section 22a-430-3(a) of the RCSA when expressed as a concentration (e.g. mg/l); otherwise, it means "Average Monthly Discharge Limitation" as defined in Section 22a-430-3(a) of the RCSA.

  • Adjusted Eurodollar Rate means for any Interest Period with respect to any Eurodollar Loan, an interest rate per annum (rounded upwards, if necessary, to the next 1/100 of 1.00%) equal to (a) the Eurodollar Rate for such Interest Period multiplied by (b) the Statutory Reserves.

  • Limited Indexation Factor means, in respect of a Limited Indexation Month or Limited Indexation Date, as the case may be, the ratio of the Index Figure applicable to that month or date, as the case may be, divided by the Index Figure applicable to the month or date, as the case may be, twelve months prior thereto, provided that (a) if such ratio is greater than the Maximum Indexation Factor specified in the relevant Final Terms, it shall be deemed to be equal to such Maximum Indexation Factor and (b) if such ratio is less than the Minimum Indexation Factor specified in the relevant Final Terms, it shall be deemed to be equal to such Minimum Indexation Factor;

  • Three-Month Secondary CD Rate means, for any day, the secondary market rate for three-month certificates of deposit reported as being in effect on such day (or, if such day is not a Business Day, the next preceding Business Day) by the Board through the public information telephone line of the Federal Reserve Bank of New York (which rate will, under the current practices of the Board, be published in Federal Reserve Statistical Release H.15(519) during the week following such day) or, if such rate is not so reported on such day or such next preceding Business Day, the average of the secondary market quotations for three-month certificates of deposit of major money center banks in New York City received at approximately 10:00 a.m., New York City time, on such day (or, if such day is not a Business Day, on the next preceding Business Day) by the Administrative Agent from three negotiable certificate of deposit dealers of recognized standing selected by it.