Failed Remarketing Rate means, for any reset period when the reset rate notes are then denominated in U.S. Dollars, three-month LIBOR plus 0.75%; and when the reset rate notes are in foreign exchange mode during a reset period, such rate as will be determined on the related Spread Determination Date pursuant to the terms of the related currency swap agreement.
Failed Remarketing Rate means, for any Reset Period when the Reset Rate Notes are then denominated in U.S. Dollars, Three-Month LIBOR plus 0.75%; and for any Reset Period when the Reset Rate Notes are in Foreign Exchange Mode, as will be determined on the related Spread Determination Date pursuant to the terms of the related Currency Swap Agreement.
Failed Remarketing Rate means, for any reset period when a class of reset rate notes is then denominated in U.S. Dollars, three-month LIBOR plus 0.75%; and when the reset rate notes are in foreign exchange mode during a reset period, such rate as will be determined on the related Spread Determination Date pursuant to the terms of the related currency swap agreement; provided, that the Failed Remarketing Rate that will be applicable for the class A‑7A notes with respect to their initial reset period is three-month EURIBOR plus 0.55%.
Examples of Failed Remarketing Rate in a sentence
If A Failed Remarketing Is Declared, The Failed Remarketing Rate You Will Receive May Be Less Than The Then-Prevailing Market Rate Of Interest If a failed remarketing is declared, your class of reset rate notes will become subject to the applicable failed remarketing rate.
If the holder of the Purchase Option fails to provide the required notice or purchase price, such Class of the Reset Rate Notes shall bear interest at the Failed Remarketing Rate during the following Reset Period.
Furthermore, if the reset rate notes are to be reset to foreign exchange mode, the currency exchange rate, the Extension Rate due to the related currency Swap Counterparty and the Failed Remarketing Rate for the applicable reset period will be determined pursuant to the terms of the related currency swap agreement.
If a Failed Remarketing occurs, the Series 2007-1 Reset Rate Notes will bear interest at the Failed Remarketing Rate, as set forth in Annex II to the Indenture.
More Definitions of Failed Remarketing Rate
Failed Remarketing Rate means, for any applicable Reset Period and any Class of the Reset Rate Notes, Three-Month LIBOR plus 0.75%.
Failed Remarketing Rate means, for any reset period when a class of reset rate notes is then denominated in U.S. Dollars, three-month LIBOR plus 0.75% (or, for any reset date commencing on or after July 25, 2023, generally not to exceed the SOFR Rate plus 0.75%); and when the reset rate notes are in foreign exchange mode during a reset period, such rate as will be determined on the related Spread Determination Date pursuant to the terms of the related currency swap agreement.
Failed Remarketing Rate means twelve percent (12%) per annum.
Failed Remarketing Rate means, for any Reset Period and any class of Reset Rate Notes then denominated in U.S. Dollars, Three-Month LIBOR plus 0.75%; and for any Reset Period and any class of Reset Rate Notes while in Foreign Exchange Mode, as will be determined on the related Spread Determination Date pursuant to the terms of the related Currency Swap Agreement (and for the initial Reset Period, the Failed Remarketing Rate for the Class A-4 Notes will be Three-Month GBP-LIBOR plus 0.55%, and the Failed Remarketing Rate for the Class A-8 Notes will be Three-Month EURIBOR plus 0.55%).
Failed Remarketing Rate means (i) for a Failed Remarketing in connection with the Initial Reset Period, One-Month LIBOR plus 0.50% and (ii) for each Reset Period thereafter, the rate agreed to in writing between the Issuer Administrator and the Noteholders of the Series 2007-1 Reset Rate Notes, or the Remarketing Agents, if Remarketing Agents have been designated for the Series 2007-1 Reset Rate Notes.
Failed Remarketing Rate means, for any Reset Period that a series of Series 2006-1 Reset Rate Notes are denominated in U.S. Dollars, Three-Month LIBOR plus 0.75%; and for any Reset Period that a series of Series 2006-1 Reset Rate Notes are in a Foreign Exchange Mode, as will be determined on the related Spread Determination Date pursuant to the terms of the related Currency Swap Agreement. For the initial Reset Period, the Failed Remarketing Rate for each series of Series 2006-1 Reset Rate Notes will be .75%.
Failed Remarketing Rate means, for any applicable Reset Period and any class of Reset Rate Notes then denominated in U.S. Dollars, Three-Month LIBOR plus 0.75%; and for any class of Reset Rate Notes in Foreign Exchange Mode during a Reset Period, as will be determined on the related Spread Determination Date pursuant to the terms of the related Cross-Currency Swap Agreement (and for the initial Reset Period for the Class A-5B Notes, the Failed Remarketing Rate due to the Class A-5B Noteholders will be Three-Month EURIBOR plus 0.55%).