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 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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Examples of Floating Rate Conversion Date in a sentence

  • 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.

  • 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.

  • The Bonds of a Series shall be subject to mandatory tender and purchase on the Floating Rate Conversion Date relating to such Series of Bonds.

  • The Floating Rate Conversion Date relating to a Series of Bonds shall be the Daily Rate Interest Payment Date or the Adjustable Rate Interest Payment Date relating to such Series of Bonds, as appropriate, specified by the Corporation, but, in any event, not less than 45 days succeeding receipt by the Trustee, the Tender Agent, the related Series Credit Bank and the Remarketing Agent of such notice of the Corporation’s election to effect such conversion.

  • Bonds of a Series shall bear interest at a Floating Rate from the Accrual Date (if the Bonds of such Series are issued in the Floating Rate Mode) or a subsequent Floating Rate Conversion Date relating to such Series of Bonds to the earlier of their redemption, the following Conversion Date relating to such Series of Bonds or their maturity date.

  • The Trustee shall give notice of the Fixed Rate Conversion Date or Floating Rate Conversion Date so established to the Remarketing Agent, if any, the Tender Agent, the Issuer, the Borrower and the Credit Facility Provider, if any, and shall give notice in the manner prescribed in Section 3.04 that the Bonds are subject to mandatory tender in connection with such proposed Conversion Date.


More Definitions of Floating Rate Conversion Date

Floating Rate Conversion Date shall have the meaning provided in Section 9.2.1.
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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.

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

  • 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) 90% of the lesser of (i) the average of the VWAPs for the 20 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 20 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 such delivery is after the Interest Payment Date.

  • Automatic Conversion Date shall have the meaning specified in Section 15.12(a).

  • 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.

  • Floating Rate Option has the meaning given to it in the ISDA Definitions;

  • Floating Rate Classes The Classes designated as either “Floating Rate” or “Inverse Floating Rate” in the Prospectus Supplement.

  • Forced Conversion Date shall have the meaning set forth in Section 6(d).

  • 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 Rate Change Date The date on which the Mortgage Interest Rate is subject to change as provided in the related Mortgage Note.

  • Quarterly Floating Rate Period means, for the initial Quarterly Floating Rate Period, the period commencing on September 20, 2018 and ending on and including December 19, 2018, and thereafter the period from and including the day immediately following the end of the immediately preceding Quarterly Floating Rate Period to but excluding the next succeeding Quarterly Commencement Date.

  • Term Loan Conversion Date means the Termination Date on which all Revolving Credit Advances outstanding on such date are converted into a term loan pursuant to Section 2.06.

  • CB Floating Rate means the Prime Rate; provided that the CB Floating Rate shall never be less than the Adjusted One Month LIBOR Rate on such day (or if such day is not a Business Day, the immediately preceding Business Day). Any change in the CB Floating Rate due to a change in the Prime Rate or the Adjusted One Month LIBOR Rate shall be effective from and including the effective date of such change in the Prime Rate or the Adjusted One Month LIBOR Rate, respectively.

  • Floating Rate Certificate A Certificate that provides for the payment of interest at a Floating Pass-Through Rate determined periodically by reference to a formula specified in the related Supplement.

  • 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 July 1, 2020 and ending on and including June 30, 2025 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 June 30 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.