Floating Rate Conversion Date definition

Floating Rate Conversion Date means the date as identified in the Floating Rate Conversion Notice on which the Floating Rate Conversion shall take effect.
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Floating Rate Conversion Date means any date, determined in accordance with Section 2.02(b) of this Indenture on which the Bonds convert from bearing interest at a Fixed Rate to bearing interest at a Floating Rate.
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Floating Rate Conversion Date shall have the meaning provided in Section 9.2.1.
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Examples of Floating Rate Conversion Date in a sentence

  • The initial interest period will be the period from and including the Index Floating Rate Conversion Date to, but excluding, the first Interest Reset Date.

  • The “Interest Determination Date” will be the second London Business Day immediately preceding the Index Floating Rate Conversion Date and each applicable Interest Reset Date.

  • The Indexed Floating Rate Continuation Notice shall contain the information required by Section 2.4(e)(ii) hereof, and shall be accompanied by a letter of Bond Counsel to the effect that Bond Counsel expects to be able to deliver a Favorable Opinion of Bond Counsel on the Indexed Floating Rate Conversion Date.

  • While the Series 2011A Bonds are owned by the Purchaser, commencing on the Index Floating Rate Conversion Date, the Applicable Spread designated for the Series 2011A Bonds shall be forty-two (42) basis points.

  • On and after a Floating Rate Conversion Date to and including any Fixed Rate Conversion Date, the Bonds shall bear interest at the Floating Rate, as hereinafter described.

  • Taxpayer used the excess compensation reduction method to calculate the SBT liability for that taxable year: calculate the credit rate on C-8000ITC, line 26, for that taxable year; subtract the percentage found on C-8000S, line 6, from 100%, and multiply the result of that subtraction by the calculated credit rate on C-8000ITC, line 26.

  • In such event, the Trustee shall give notice by no later than 1:00 p.m., New York, New York time, on such Floating Rate Conversion Date to the Issuer, the Tender Agent, the Remarketing Agent, the Borrower, the Owners and the Credit Facility Provider, if any, that the Bonds will continue to bear interest at the rate in effect immediately prior to the Floating Rate Conversion Date.

  • No new Indexed Floating Rate Period shall become effective unless the Favorable Opinion of Bond Counsel referred to above is delivered on (and as of) the first day of the new Indexed Floating Rate Period and unless all Outstanding 2022 Subordinate Bonds are successfully remarketed in the new Indexed Floating Rate Period at the new Indexed Floating Rate on the Indexed Floating Rate Conversion Date.

  • Any Conversion Date established by the Trustee in response to the Borrower’s election to convert from the Initial Fixed Rate or another Fixed Rate to a Floating Rate shall be a Floating Rate Conversion Date.


More Definitions of Floating Rate Conversion Date

Floating Rate Conversion Date means, with respect to each Series of Bonds, the Daily Rate Interest Payment Date or the Adjustable Rate Interest Payment Date on which the Bonds of such Series begin to bear interest at a Floating Rate in accordance with the terms hereof.
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Floating Rate Conversion Date means 19 May 2023.
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Related to Floating Rate Conversion Date

  • Mandatory Conversion Date has the meaning set forth in Section 7(a).

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

  • Conversion Date shall have the meaning set forth in Section 4(a).

  • Interest Conversion Rate means the lesser of (a) the Conversion Price or (b) 85% of the lesser of (i) the average of the VWAPs for the 10 consecutive Trading Days ending on the Trading Day that is immediately prior to the applicable Interest Payment Date or (ii) the average of the VWAPs for the 10 consecutive Trading Days ending on the Trading Day that is immediately prior to the date the applicable Interest Conversion Shares are issued and delivered if after the Interest Payment Date.

  • Optional Conversion Date means, with respect to the Optional Conversion of any Convertible Preferred Stock, the first Business Day on which the requirements set forth in Section 10(d)(ii) for such conversion are satisfied.

  • Final Conversion Date means 5:00 p.m. in New York City, New York on the earlier to occur following the IPO of (i) the first Trading Day falling on or after the date on which the outstanding shares of Class B Common Stock represent less than ten percent (10%) of the aggregate number of shares of the then outstanding Class A Common Stock and Class B Common Stock, (ii) the tenth (10th) anniversary of the IPO or (iii) the date specified by affirmative vote of the holders of a majority of the outstanding shares of Class B Common Stock, voting as a single class.

  • Interest Conversion Price means, with respect to any Interest Date, that price which shall be computed as 100.0% of the arithmetic average of the Weighted Average Price of the Common Stock on each of the ten (10) consecutive Trading Days immediately preceding the applicable Interest Date (each, an “Interest Measuring Period”). All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction during such period.

  • Floating Rate Interest Period means, during the Floating Rate Period, the period beginning on (and including) a Floating Rate Period Interest Payment Date and ending on (but excluding) the next succeeding Floating Rate Period Interest Payment Date; provided that the first Floating Rate Interest Period will begin on (and include) April 18, 2025 and will end on (but exclude) the first Floating Rate Period Interest Payment Date.

  • Applicable Conversion Rate means the Conversion Rate in effect at any given time.

  • Fixed Rate Calculation Date means, for any Subsequent Fixed Rate Period, the 30th day prior to the first day of such Subsequent Fixed Rate Period.

  • Judgment Conversion Date as defined in subsection 10.8(a).

  • Floating Rate Certificates The Class A Certificates and the Mezzanine Certificates.

  • Alternate Conversion Price means, with respect to any Alternate Conversion that price which shall be the lowest of (i) the applicable Conversion Price as in effect on the applicable Conversion Date of the applicable Alternate Conversion, and (ii) the greater of (x) the Floor Price and (y) 80% of the lowest VWAP of the Common Stock during the five (5) consecutive Trading Day period ending and including the Trading Day immediately preceding the delivery or deemed delivery of the applicable Conversion Notice (such period, the “Alternate Conversion Measuring Period”). All such determinations to be appropriately adjusted for any stock dividend, stock split, stock combination, reclassification or similar transaction that proportionately decreases or increases the Common Stock during such Alternate Conversion Measuring Period.

  • Fixed Rate Period shall have the meaning in the form of Security set forth in Section 2.1.

  • Subsequent Fixed Rate Period means for the initial Subsequent Fixed Rate Period, the period commencing on April 1, 2022 and ending on and including March 31, 2027 and for each succeeding Subsequent Fixed Rate Period, the period commencing on the day immediately following the end of the immediately preceding Subsequent Fixed Rate Period and ending on and including March 31 in the fifth year thereafter.

  • Continuation/Conversion Date means the date on which a Loan is converted into or continued as a LIBOR Rate Loan.