Bank Rate Period definition

Bank Rate Period means the Initial Bank Rate Period and any Subsequent Bank Rate Period.
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Bank Rate Period means the period during which the Series 2019B Notes bear interest at the Bank Rate.
Sample 1Sample 2
Bank Rate Period means (i) the Initial Bank Rate Period or (ii) the period commencing on an Adjustment Date on which the interest rate on the Bonds of a Series is adjusted from the Daily Variable Rate, the Weekly Variable Rate or a Reset Rate to the Bank Rate or from the Bank Rate to another Bank Rate and ending on the day preceding the following Adjustment Date or the Maturity Date.
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Examples of Bank Rate Period in a sentence

  • During the Bank Rate Period, SunTrust Bank, in its capacity as Administrative Agent (the “Administrative Agent”), shall be deemed the Owner of the Bonds.

  • Notwithstanding the forgoing, while the Bonds are in the Bank Rate Period, the Company shall not be required to provide a Credit Facility or Alternate Credit Facility.

  • Upon the initial issuance, and from any future Conversion Date after which the Bonds will bear interest at a Bank Rate until the next following Conversion Date or the maturity date of the Bonds, whichever is earlier (the "Bank Rate Period"), the Bonds shall bear interest at the Bank Rate, as hereinafter described.

  • On or before the date 180 days prior to the end of the Initial Period or any successive Renewal Period, as applicable, the Authority may provide notice of its desire to set a new Bank Rate Period or to change interest rate modes thereafter.

  • At any time during any Bank Rate Period, the occurrence of an “Event of Default” (as defined thereunder) under the Revolving Credit Agreement and the receipt by the Trustee of written notice thereof from the Administrative Agent (at the direction of the requisite lenders pursuant to the terms of the Revolving Credit Agreement).

  • Moreover, as energy conservation through efficiency improvement avoid the need for expensive energy supply infrastructure, a country will be able to gain significant financial savings as well.

  • For so long as the Bonds are in the Bank Rate Period, the Company agrees that all amounts payable to the Bank with respect to any Bond held by the Bank or its nominee shall be made to the Bank (without any presentment thereof, except upon payment of the final installment of principal, and without any notation of such payment being hade thereon) in such manner or at such address in the United States as may be designated by the Bank in writing to the Trustee and the Issuer.

  • This Agreement shall terminate when (a) no Bonds remain outstanding or the Initial Bank Rate Period shall end for all Bonds and (b) all Obligations (other than contingent indemnification obligations in respect of which no claims have been asserted) have been paid.

  • Notwithstanding the other requirements of this Section 2.4(b), however, if Bond Counsel delivers a current Opinion of Bond Counsel regarding the exclusion from gross income of the interest on the Bonds, the Conversion Notice for the initial conversion of the Bonds to the Bank Rate Period shall not require the delivery of an additional Opinion of Bond Counsel on the date of delivery of instructions for conversion.‌ (c) Conversion Date.

  • Upon conversion to or from the Bank Rate Period, the Issuer shall at the written request and sole expense of the Company, execute and direct the Trustee to, and the Trustee shall, authenticate and deliver new Bonds of like dates and denominations and in the form attached hereto as Exhibit A when converting from the Bank Rate Period, and Exhibit F when converting to the Bank Rate Period.

Related to Bank Rate Period

  • Weekly Rate Period means any period of time during which a Group of 2021 Series J Variable Rate Bonds bears interest at the Weekly Rate.

  • Fixed Rate Period shall have the meaning in the form of Security set forth in Section 2.1.

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

  • Term Rate Period means any period of time during which a Group of 2024 Series A Variable Rate Bonds bears interest at the Term Rate.

  • 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.

  • Pricing Rate Period means, with respect to any Transaction and any Remittance Date (a) in the case of the first Pricing Rate Period, the period commencing on and including the Purchase Date for such Transaction and ending on and excluding the following Remittance Date, and (b) in the case of any subsequent Pricing Rate Period, the period commencing on and including the immediately preceding Remittance Date and ending on and excluding such Remittance Date; provided, however, that in no event shall any Pricing Rate Period for a Purchased Asset end subsequent to the Repurchase Date for such Purchased Asset.

  • Rate Period has the meaning set forth in the Statement.

  • Initial Fixed Rate Period means the period commencing on the Issue Date and ending on and including June 30, 2020.

  • Daily Rate Period means any period of time during which a Group of 2023 Series B Variable Rate Bonds bears interest at the Daily Rate.

  • Subsequent Rate Period means, with respect to any Series of RVMTP Shares, the period consisting of seven calendar days, but adjusted in each case to reflect any changes when the regular calendar day that is a Rate Determination Date is not a Business Day, from, and including, the first calendar day following the Initial Rate Period of such Series to, and including, the next Rate Determination Date for such Series and any period thereafter from, and including, the first calendar day following a Rate Determination Date for shares of such Series to, and including, the next succeeding Rate Determination Date for shares of such Series.

  • Special Rate Period with respect to the VRDP Shares, has the meaning specified in paragraph (a) of Section 4 of Part I of the Articles Supplementary.

  • Base Rate Term Loan means a Term Loan that is a Base Rate Loan.

  • Quarterly Floating Rate Period means, for the initial Quarterly Floating Rate Period, the period commencing on September 20, 2018 and ending on and including December 19, 2018, and thereafter the period from and including the day immediately following the end of the immediately preceding Quarterly Floating Rate Period to but excluding the next succeeding Quarterly Commencement Date.

  • Initial Rate Period means, with respect to the VMTP Shares of any Series, the period commencing on and including the Date of Original Issue thereof and ending on, and including, the next succeeding calendar day that is a Wednesday (or if such Wednesday is not a Business Day, the next succeeding Business Day).

  • 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.

  • Reference Rate Advance means an Advance which bears interest as provided in Section 2.09(a).

  • Bank Rate means the one year marginal cost of lending rate (MCLR) of the State Bank of India issued from time to time plus 350 basis points;”

  • Base Rate Advance means an Advance that bears interest as provided in Section 2.06(a)(i).

  • LIBOR Rate Advance means an Advance which bears interest at a LIBOR Rate.

  • Fixed Rate Interest Period means the period beginning on (and including) the Issue Date and ending on (but excluding) the first Fixed Rate Interest Payment Date, and each successive period beginning on (and including) a Fixed Rate Interest Payment Date and ending on (but excluding) the next succeeding Fixed Rate Interest Payment Date.

  • 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.

  • LIBOR Term Loan means any Term Loan bearing interest at a rate determined by reference to the LIBOR Rate.

  • Fixed Rate Period Remaining Life means, with respect to any Debenture, the period from the Special Redemption Date for such Debenture to the Interest Payment Date in December 2010.

  • Floating Rate Interest Period means, during the Floating Rate Period, the period beginning on (and including) a Floating Rate Period Interest Payment Date and ending on (but excluding) the next succeeding Floating Rate Period Interest Payment Date; provided that the first Floating Rate Interest Period will begin on (and include) April 18, 2025 and will end on (but exclude) the first Floating Rate Period Interest Payment Date.

  • Base Rate Committed Loan means a Committed Loan that is a Base Rate Loan.

  • LIBOR Advance means an Advance bearing interest at a rate based upon the LIBOR Rate.