Alternate Interest Rate definition

Alternate Interest Rate means a rate per annum equal to the sum of (i) the Base Rate plus (ii) the Applicable Rate.

Alternate Interest Rate means, on any date with respect to any Series L Note, (a) the per annum rate of interest of Xxxxxx Guaranty Trust Company of New York (or its successor) publicly announced in New York City as its prime rate on such date, plus (b) the Applicable Margin with respect to such Series L Note. Each change in such prime rate that is announced by Xxxxxx Guaranty Trust Company of New York (or its successor) will be effective as of the effective date of such announcement or, if no such effective date is specified, as of the date of such announcement.

Alternate Interest Rate means, on any day, the per annum rate of interest that is equal to the sum of (i) the Federal Funds Rate in effect on such day plus (ii) one-quarter of one percent (0.25%) per annum (that is, 25 “basis points”) plus (iii) the Applicable Spread in effect on such day.

Examples of Alternate Interest Rate in a sentence

• On or prior to the date of delivery of an Alternate Interest Rate Contract to the Trustee, the Authority shall furnish or cause to be furnished to the Trustee an opinion of counsel satisfactory to the Authority stating that the delivery of such Alternate Interest Rate Contract to the Trustee is authorized under the Indenture and complies with the terms of this Series Indenture.

• This concept has no precise origin however, the concept can be dated back to Aristotle between 355- 370 BC.16 This concept of rule of law has noprecise definition.

• Appendix D: Glossary Alternate Interest Rate Scenarios: Scenarios that depict hypothetical shocks to, or movements in, the current term structure of interest rates.

• Alternate Interest Rate - The Alternate Interest Rate applies only to those accounts identified as an eligible account.

• The Alternate Interest Rate equals the sum of the value of all eligible accounts divided by the policy's Accumulated Value, multiplied by 2%.

More Definitions of Alternate Interest Rate

Alternate Interest Rate means an interest rate established periodically in accordance with the Indenture.

Alternate Interest Rate means a fluctuating per annum rate of interest as shall be in effect from time to time which rate shall at all times be equal to the Federal Funds Rate plus three percent (3%). Any change in the Alternate Interest Rate due to a change in the Federal Funds Rate shall be effective as of the effective date of such change in such Federal Funds Rate.

Alternate Interest Rate means a rate per annum less than or equal to the lesser of (a) the Federal Funds Effective Rate plus 3.00% per annum and (b) the cost to the VFN Purchaser (as determined by the VFN Purchaser in good faith) as its blended cost to fund the relevant amounts; provided that the VFN Purchaser shall be under no obligation to disclose any non-public information used in determining such rate.

Alternate Interest Rate means a rate per annum less than or equal to the cost to the Administrative Agent (as determined by the Administrative Agent in good faith) as its blended cost to fund the relevant amounts. For the avoidance of doubt, the Administrative Agent shall be under no obligation to disclose any non-public information used in determining the Alternate Interest Rate.

Alternate Interest Rate means the greater of (i) the Prime Rate in effect on such day, and (ii) the Federal Funds Effective Rate in effect on such day plus 2%. Any change in the Alternate Interest Rate due to a change in the Prime Rate or the Federal Funds Effective Rate shall be effective on the effective day of such change in the Prime Rate or the Federal Funds Effective Rate, respectively.

Alternate Interest Rate means, for any Floating Interest Period and for any Floating Notes, a rate per annum equal to the sum of the Prime Rate plus the Prime Rate Spread applicable to such Floating Notes.

Alternate Interest Rate means a rate per annum less than or equal to the cost to the Noteholder (as determined by the Noteholder in good faith) as its blended cost to fund the relevant amounts.