Bond Interest Rate definition

Bond Interest Rate means, with respect to any Tranche of Securitization Bonds, the rate at which interest accrues on the Securitization Bonds of such Tranche, as specified in the Series Supplement.

Bond Interest Rate means, with respect to any Tranche of Storm Recovery Bonds, the rate at which interest accrues on the Storm Recovery Bonds of such Series or Tranche, as specified in the Series Supplement.

Bond Interest Rate has the meaning set forth in Section 2 of this Supplement.

Examples of Bond Interest Rate in a sentence

• The Securitized Utility Tariff Bonds of each Tranche shall have the initial principal amount, bear interest at the rates per annum and shall have the Scheduled Final Payment Dates and the Final Maturity Dates set forth below: The Securitized Utility Tariff Bond Interest Rate shall be computed on the basis of a 360-day year of twelve 30-day months.

• The Storm Recovery Bonds shall have the initial principal amount, bear interest at the rates per annum (the “Bond Interest Rate”) and shall have the Scheduled Final Payment Date and the Final Maturity Date set forth below: The Bond Interest Rate shall be computed by the Issuer on the basis of a 360-day year of twelve 30-day months.

• The Issuer shall pay interest on overdue installments of interest at the Securitized Utility Tariff Bond Interest Rate to the extent lawful.

• The Securitized Utility Tariff Bonds shall have the initial principal amount, bear interest at the rates per annum and shall have the Scheduled Final Payment Date and the Final Maturity Date set forth below: Tranche Initial Principal Amount Securitized Utility Tariff Bond Interest Rate Scheduled Final Payment Date Final Maturity Date A-1 $ 476,121,000 4.850 % 10/01/2039 10/01/2041 The Securitized Utility Tariff Bond Interest Rate shall be computed on the basis of a 360-day year of twelve 30-day months.

More Definitions of Bond Interest Rate

Bond Interest Rate. With respect to each Payment Date and each Class of Bonds, a floating rate equal to the least of (i) One-Month LIBOR plus the related Bond Margin, (ii) the Maximum Bond Rate and (iii) the Available Funds Rate with respect to such Payment Date.

Bond Interest Rate means, with respect to any Series or WAL of Nuclear Asset-Recovery Bonds, the rate at which interest accrues on the Nuclear Asset-Recovery Bonds of such Series or WAL, as specified in the applicable Series Supplement.

Bond Interest Rate. With respect to any Series or Class, the per annum rate at which interest accrues on the Bonds of such Series or Class, which rate shall be specified in the related Terms Indenture.

Bond Interest Rate. With respect to each Payment Date and each Class of Bonds, a floating rate equal to the least of (i) One-Month LIBOR plus the related Bond Margin, (ii) the related Maximum Bond Interest Rate and (iii) the related Available Funds Rate with respect to such Payment Date.

Bond Interest Rate. As determined in Aggregate Bond Principal Amount of the accordance with the Indenture Class D Bonds as of the Closing Date: $13,085,000

Bond Interest Rate means, with respect to any Tranche of Bonds, the Bond Interest Rate therefor, as specified in Section 2.01(b).

Bond Interest Rate means the rates per annum at which the Securitized Utility Tariff Bonds will bear interest, as set forth in the Series Supplement.