Fixed Rate Debt. Any Secured Debt that bears interest at fixed rates, which on the Closing Date shall consist of the Class A-F Notes.

Fixed Rate Debt is the aggregate, at the time, of the outstanding Relevant Debt that bears either a fixed rate of interest or inflation-linked return.

Fixed Rate Debt means any obligation described in clauses (i), (iv) or (viii) of the definition of "Indebtedness" (i) that bears interest at a rate that is fixed until maturity of such Indebtedness and that does not fluctuate or vary, whether on the basis of rates established from time to time by the obligee, indices, market conditions or otherwise or (ii) having an average weighted maturity equal to or exceeding the then remaining term of this Agreement and with respect to which the Borrower has arranged Rate Hedging Obligations that protect the Borrower from fluctuations of interest rates, which Rate Hedging Obligations are acceptable to the Required Lenders in all respects, including without limitation the Person or Persons that are parties thereto, the fixed interest rates thereunder and the other terms and conditions thereof.

Examples of Fixed Rate Debt in a sentence

In determining whether the fixed interest rate on any Fixed Rate Debt is less than the Reference Rate plus the spread applicable to the Floating Rate Debt and/or whether the Reference Rate plus the spread applicable to the Floating Rate Debt is less than the fixed interest rate of any Fixed Rate Debt, the Issuer (or the Collateral Manager on its behalf) will make such determination by reference to the Reference Rate plus the applicable spread as of the Redemption Date.

More Definitions of Fixed Rate Debt

Fixed Rate Debt has the meaning set forth in Section 3.4(f).

Fixed Rate Debt. Any Debt that bears interest at fixed rates, which on the Closing Date will consist of no Class of Debt.

Fixed Rate Debt. Collectively, each Class of Debt that bears a fixed rate of interest.

Fixed Rate Debt means the Company’s obligations under that certain mortgage loan agreement, dated as of June 29, 2007, among Lehman and the affiliates of the Company parties thereto collateralized by the Fixed Rate Collateral.

Fixed Rate Debt. Any Debt bearing interest at a fixed rate. -33-