Annual Rate Period definition

Annual Rate Period means the period beginning on, and including, the Conversion Date to the Annual Rate and ending on, and including, the day next preceding the second Interest Payment Date thereafter, and each successive twelve-month period (or portion thereof) thereafter until the day preceding the earlier of the Conversion to a different Interest Rate Mode or the maturity of the Bonds.
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Annual Rate Period means the period beginning on, and including, the Conversion Date to the Annual Rate and ending on, and including, the day next preceding the second Interest Payment Date thereafter and each successive twelve (12) month period (or portion thereof) thereafter until the day preceding Conversion to a different Interest Rate Mode or the maturity of the Bonds.
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Annual Rate Period means the period beginning on, and including, any June 1 (or, if not a Business Day, on the next succeeding Business Day) and ending on, and including, the next May 31, except that in the event of Conversion to Annual Rate Bonds, the first "Annual Rate Period" means the period beginning on, and including, the Conversion Date and ending on, and including, the next succeeding May 31.
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Examples of Annual Rate Period in a sentence

  • Whenever the Interest Rate Mode is the Annual Rate, this Bond shall be subject to optional redemption, in whole or in part, at a redemption price of 100% of the principal amount hereof on the final Interest Payment Date for each Annual Rate Period.

  • MassMutual will provide the Investor with Effective Communication of: (1) the Guaranteed Interest Rate for each Rate Period following the initial Rate Period at least thirty days prior to the beginning of such Rate Period; and (2) the Minimum Annual Interest Rate for each Annual Rate Period following the initial Annual Rate Period at least thirty days prior to the beginning of such Annual Rate Period.

  • Annual Rate Period to exceed 182 days in duration; (iv) during the Fixed Rate Period, each June 1 and December 1; (v) during each Commercial Paper Rate Period, the first Business Day after any Calculation Period; and (vi) the Maturity Date.

  • The Guaranteed Interest Rate to be credited to the Guaranteed Interest Account during any Rate Period will be at a rate not less than the Minimum Annual Interest Rate in effect during such Annual Rate Period and the Minimum Annual Interest Rate in effect during any Annual Rate Period will not be less than the Agreement Minimum Interest Rate.

  • After End of Commercial Paper Rate Period, Annual Rate Period, Two-Year Rate Period, Three-Year Rate Period, Five-Year Rate Period or Long-Term Rate Period.

  • On or before May 31 of each year beginning in 2018, each TAPS Carrier shall provide the other Parties with the final calculation of the Maximum Allowable Interstate Rate for the upcoming Annual Rate Period.

  • At least 120 days before the date operations are expected to cease, each TAPS Carrier will calculate a revised Maximum Allowable Interstate Rate for the then-current Annual Rate Period.


More Definitions of Annual Rate Period

Annual Rate Period means, with respect to each Bond that bears interest at an Annual Rate, (a) the period from and including the effective date of any change to the Annual Rate Mode
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Annual Rate Period means the period beginning on, and including, the Conversion Date to the Annual Rate and ending on, and including, the day next preceding the second Interest
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