Distribution Rate definition

Distribution Rate means, for the Distribution Period beginning on (and including) the date of original issuance and ending on (but excluding) the Distribution Payment Date in June 2004, the rate per annum of 3.90%, and for each Distribution Period beginning on or after the Distribution Payment Date in June 2004, the Coupon Rate for such Distribution Period.

Distribution Rate means, with respect to any Distribution Period, a rate per annum equal to the Interest Rate (as defined in the Debentures) with respect to the Interest Period under (and as defined in) the Debentures that begins on the same date as such Distribution Period begins and ends on the same date as such Distribution Period ends.

Distribution Rate means, for the period beginning on (and including) the date of original issuance and ending on (but excluding) September 26, 2002, 5.3369%, and for the period beginning on (and including) September 26, 2002 and thereafter, the Coupon Rate.

Examples of Distribution Rate in a sentence

• Distributions in arrears will bear interest thereon compounded quarterly at the applicable Distribution Rate (to the extent permitted by law).

• During any Extension Period, interest will continue to accrue on the Debentures, and interest on such accrued interest will accrue at an annual rate equal to the Distribution Rate in effect for each such Extension Period, compounded quarterly from the date such interest would have been payable were it not for the Extension Period, to the extent permitted by law (such interest referred to herein as “Additional Interest”).

• The amount of the Distribution payable for any Distribution Period will be calculated by applying the Distribution Rate to the stated liquidation amount outstanding at the commencement of the Distribution Period on the basis of the actual number of days in the Distribution Period concerned divided by 360.

• Distributions in arrears for more than one quarterly period will bear interest thereon compounded quarterly at the applicable Distribution Rate (to the extent permitted by law).

• During any Extension Period, interest will continue to accrue on the Debentures, and interest on such accrued interest will accrue at an annual rate equal to the Distribution Rate in effect for each such Extension Period, compounded quarterly from the date such interest would have been payable were it not for the Extension Period, to the extent permitted by law (such interest referred to herein as "Additional Interest").

More Definitions of Distribution Rate

Distribution Rate means, with respect to the periods specified below, the following rates per annum:

Distribution Rate means the rate at which the Preferred Securities accrue Distributions in accordance with Condition 3;

Distribution Rate means 7.00% per annum.

Distribution Rate has the meaning set forth in Section 5.1.

Distribution Rate means, for the period beginning on (and including) the date of original issuance and ending on (but excluding) March 18, 2002, 5.60%, and for the period beginning on (and including) March 18, 2002 and thereafter, the Coupon Rate.

Distribution Rate means the rate at which Distributions will accrue in respect of any Distribution Period, as determined pursuant to the terms of this Section 2, whether by Remarketing or otherwise.

Distribution Rate means the rate at which Distributions will accrue in respect of any Distribution Period, as determined pursuant to the terms of this Trust Agreement, whether by Remarketing or otherwise.