Bond Interest Term Rate definition

Bond Interest Term Rate or “BIT Rate” shall mean the interest rate on any Bond established in accordance with Section 2.01(c)(v) hereof.
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Bond Interest Term Rate means, with respect to each Bond, a non variable interest rate on such Bond established periodically in accordance with Section 308(g) of this Indenture.
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Bond Interest Term Rate means, with respect to each Series 2009 Bond, a term, non-variable interest rate on such Bond established periodically in accordance with Section 5(g).
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Examples of Bond Interest Term Rate in a sentence

  • Each Bond Interest Term and Bond Interest Term Rate shall be determined by the Remarketing Agent no later than the first day of each Bond Interest Term.

  • When Certificates are remarketed in connection with the conversion of the interest rate to a different Mode or to the Long-Term Interest Rate Mode or the Bond Interest Term Rate Mode, the District and the Remarketing Agent will agree on a fee specifically for such remarketing.

  • The Bond Interest Term and the Bond Interest Term Rate for each Bond need not be the same for any two Bonds, even if determined on the same date.

  • Notice of each Long-Term Interest Rate, Bond Interest Term Rate and Bond Interest Term so determined shall be made on the date of determination; notice of each Daily Interest Rate shall be made each Business Day; and notice of each Weekly Interest Rate shall be made no later than Wednesday of each week.

  • Interest with respect to this Bond shall be paid on each Interest Payment Date, at the Daily Interest Rate, Weekly Interest Rate, Long-Term Interest Rate or Bond Interest Term Rate, as the case may be, all as provided in the Indenture.

  • During each Short-Term Interest Rate Period for Bonds, each Bond shall bear interest during each Bond Interest Term at the Bond Interest Term Rate for that Bond.

  • The determination of the Daily Interest Rate, Weekly Interest Rate and Long-Term Interest Rate and each Bond Interest Term and Bond Interest Term Rate by the Remarketing Agent shall be conclusive and binding upon the City, the Trustee, the Tender Agent, the Remarketing Agent, the Credit Facility Provider, if any, and the Bondowners.

  • During each Short-Term Interest Rate Period commencing on the date specified and ending on the day immediately preceding the effective date of the next succeeding Interest Rate Period, each Bond shall bear interest at a Bond Interest Term Rate during each Bond Interest Term for that Bond.


More Definitions of Bond Interest Term Rate

Bond Interest Term Rate means with respect to each Series 2007 Bond of a Series, a non-variable interest rate on such Series 2007 Bond of a Series established periodically in accordance with Section 28.04(G) hereof.
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Bond Interest Term Rate means, with respect to each Bond, a non-variable interest rate with respect such Bond established periodically in accordance with Section 2.12(g) hereof.
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Bond Interest Term Rate means the non-variable interest rate on the Bonds during a Bond Interest Term as provided in Section 204(g) of the First Supplemental Indenture.
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Bond Interest Term Rate means, with respect to each Series 2005A Bond, a non-variable interest rate on such Series 2005A Bond established periodically as described under the caption "THE SERIES 2005A BONDS – Interest Rates – Short-Term Interest Rate Period."
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Bond Interest Term Rate means, with respect to each Bond, a non-variable interest rate on such Bond established periodically in accordance with the Twenty-Seventh Supplemental Indenture.
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Bond Interest Term Rate or "BIT Rate" shall mean the interest rate on any Bond established in accordance with Section 2.01(c)(v) hereof.
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Related to Bond Interest Term Rate

  • 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.

  • 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.

  • Term Rate means the per annum interest rate with respect to Bonds in the Term Rate Mode determined pursuant to Section 2.09.

  • Capped Interest Rate is defined in the Note, if applicable.

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

  • Weekly Rate means the interest rate on the Bonds established in accordance with Section 2.03(b) hereof.

  • Stripped Interest Rate For each Mortgage Loan, the excess, if any, of the Net Mortgage Rate for such Mortgage Loan over the Remittance Rate.

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

  • Interest Accrual Period means the period beginning on (and including) the Interest Commencement Date and ending on (but excluding) the first Interest Period Date and each successive period beginning on (and including) an Interest Period Date and ending on (but excluding) the next succeeding Interest Period Date.

  • Weekly Rate Period means any period of time during which a Group of 2020 Series D Variable Rate Bonds bears interest at the Weekly Rate.

  • Reference Bond Rate means, with respect to any date of redemption, the rate per annum equal to the annual or semi-annual yield (as the case may be) to maturity or interpolated yield to maturity (on the relevant day count basis) of the Reference Bond, assuming a price for the Reference Bond (expressed as a percentage of its nominal amount) equal to the Reference Bond Price for such date of redemption;

  • Bond and Interest Fund means the Bond and Interest Fund of the Issuer for its general obligation bonds.

  • 5-year Mid-Swap Rate means, in relation to a Reset Interest Period and the Reset Rate of Interest Determination Date in relation to such Reset Interest Period:

  • Prime Interest Rate means the publicly quoted variable annual basic rate of interest, published from time to time by the bankers of FUNDI as being their prime rate and as certified by the auditors of FUNDI, whose appointment it shall not be necessary to prove. Details of such bankers will be provided to the Applicant when so requested in writing.

  • Adjusted Interest Rate is defined in Section 1.2(e).

  • Class A-1 Note Interest Rate means a rate per annum equal to 0.64000%.

  • Mid-Swap Floating Leg Benchmark Rate means EURIBOR (if the Specified Currency is euro), LIBOR for the Specified Currency (if the Specified Currency is U.S. dollars, Pounds Sterling or Swiss Francs), CIBOR (if the Specified Currency is Danish Kroner), NIBOR (if the Specified Currency is Norwegian Kroner), STIBOR (if the Specified Currency is Swedish Kronor) or (in the case of any other Specified Currency) the benchmark rate most closely connected with such Specified Currency and selected by the Calculation Agent in its discretion after consultation with the Issuer;

  • Note Interest Rate means a per annum rate equal to 0.06% in excess of LIBOR as determined by the Calculation Agent on the related LIBOR Determination Date with respect to each Interest Period.

  • Base Interest Rate means Bank's initial cost of funding the Fixed Obligations. The Prepayment Fee is calculated as follows: First, Bank determines a "Current Market Rate" based on what the Bank would receive if it loaned the remaining amount on the prepayment date in a wholesale funding market matching maturity, remaining principal and interest amounts and principal and interest payment dates (the aggregate payments received are the "Current Market Rate Amount"). Bank may select any wholesale funding market rate as the Current Market Rate. Second, Bank will take the prepayment amount and calculate the present value of each remaining principal and interest payment which, without prepayment, the Bank would have received during the term of the Fixed Obligations using the Base Interest Rate. The sum of the present value calculations is the "Xxxx to Market Amount." Third, the Bank will subtract the Current Market Rate Amount from the Xxxx to Market Amount. Any amount greater than zero is the Prepayment Fee.

  • Variable Interest Rate means any interest rate that does not qualify as a fixed credit interest rate;

  • Class A Note Interest Rate means a per annum rate of [ ]% [in excess of LIBOR as determined on the LIBOR Determination Date for the applicable Interest Period].

  • Stated Interest Rate means with respect to (i) the Class AA Certificates, 3.15% per annum, (ii) the Class A Certificates, 3.50% per annum and (iii) the Class B Certificates, 3.85% per annum.

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

  • Mortgage Interest Rate The annual rate of interest borne on a Mortgage Note.