Index Floating Rate Period definition

Index Floating Rate Period has the meaning set forth in the Indenture.
Sample 1Sample 2
Index Floating Rate Period means, with respect to an Index Floating Rate Certificate, each period during which an Index Floating Rate is in effect.
Sample 1Sample 2
Index Floating Rate Period means the period from and including the first day of any period during which the Bonds bear interest at an Index Floating Rate to but excluding the earliest of (i) the Business Day following the last day of such period, (ii) the immediately succeeding Mode Change Date applicable to the Bonds, and (iii) the Maturity Date.
Sample 1

Examples of Index Floating Rate Period in a sentence

  • The consent of the Purchaser, if granted, shall be conditioned upon the preparation, execution and delivery of documentation in form and substance satisfactory to the Purchaser (which may include, but not be limited to the delivery of a “no adverse effect opinion” of Bond Counsel to the Purchaser with respect to the tax-exempt status of the Series 2014D Bonds and Series 2018 Bonds as a result of the establishment of a new Index Floating Rate Period).

  • Provided that no Event of Default has occurred under this Agreement or under any other Related Document, the Series 2014D Bonds and Series 2018 Bonds shall bear interest at the Index Floating Rate during any related Index Floating Rate Period.

  • Mandatory Tender for Purchase On or After the Par Call DatePursuant to the Bond Resolution, the City has the right at any time on or after the Par Call Date to convert each Series of the Bonds from bearing interest at the Adjusted SIFMA Rate to bearing interest in any other interest rate mode authorized by the Bond Resolution, including another Index Floating Rate Period, at which time such Series of the Bonds would be subject to mandatory tender for purchase.

  • The Index Floating Rate Spread shall be determined on or prior to the first Interest Determination Date with respect to an Index Floating Rate Period and shall remain in effect throughout such period.

  • For any Index Floating Rate Period, the Delayed Remarketing Rate(s) shall be determined on or prior to the first Interest Determination Date for such Index Floating Rate Period and shall remain in effect throughout such period.

  • Purchase Date/Conversion DateThe date chosen by the City on or after the Par Call Date, or, if no such date is chosen, the end of the Initial Index Floating Rate Period, is a Conversion Date and a Purchase Date, and on each such date, each Series of the Bonds is subject to mandatory tender for purchase by the Bond Registrar at a price equal to 100% of the stated principal amount to be purchased plus accrued interest, if any.

  • Query19 asks for the first payment since it is exactly one payment that is promised.

  • Interest on the Series 2014D Bonds and Series 2018 Bonds during any Index Floating Rate Period shall be paid on each Quarterly Payment Date for the Interest Accrual Period immediately preceding such Quarterly Payment Date, the first such interest payment following the effective date of this Third Amended and Restated Continuing Covenant Agreement to be made on the fifth Business Day of January 2021.

  • The determination of the Index Floating Rate for Series 2021A Refunding Bonds in an Index Floating Rate Period by the Remarketing Agent or the Calculation Agent shall be conclusive and binding upon the Commission, the Paying Agent/Registrar, the applicable Remarketing Agent and the Bondholders.

  • The Utilities noted calculations provided by NGTL which indicated that the use of the mid-year convention would reduce the required 1995 return by $15.1 million and income tax expense by$3.8 million on the original general rate application filing.


More Definitions of Index Floating Rate Period

Index Floating Rate Period means a SIFMA Index Rate Period or a LIBOR Rate Period. “Initial Period” means for the 2015 Variable Rate Parity Bonds of a Series the initial SIFMA
Sample 1
Index Floating Rate Period means each period during which an Index Floating Rate Spread is in effect for the Bonds, determined in accordance with Section 3.04(g)(i) hereof.
Sample 1
Index Floating Rate Period means, with respect to any Series of the Notes, each period during which an Index Floating Rate is in effect.
Sample 1
Index Floating Rate Period means the period commencing on March 20, 2018, to and including March 19, 2021, unless the Series 2011A Bonds are converted to another interest rate mode prior to such date in accordance with Section 3.4(g)(B) of the Supplemental Bond Resolution, or redeemed prior to such date in accordance with Section 4.1(a) of this Supplemental Resolution.
Sample 1

Related to Index Floating Rate Period

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

  • 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.

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

  • Interest Rate Period means any Daily Interest Rate Period, Weekly Interest Rate Period, Short-Term Interest Rate Period, Long- Term Interest Rate Period or ARS Interest Rate Period.

  • 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.

  • LIBOR Daily Floating Rate means, for any day, a fluctuating rate of interest per annum equal to LIBOR as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by Administrative Agent from time to time), at approximately 11:00 a.m., London time, two (2) London Banking Days prior to such day, for Dollar deposits with a term of one (1) month commencing that day; provided that if the LIBOR Daily Floating Rate shall be less than zero, such rate shall be deemed zero for purposes of the Loan Documents.

  • Pricing Rate Period means, with respect to any Transaction and any Remittance Date (a) in the case of the first Pricing Rate Period, the period commencing on and including the Purchase Date for such Transaction and ending on and excluding the following Remittance Date, and (b) in the case of any subsequent Pricing Rate Period, the period commencing on and including the immediately preceding Remittance Date and ending on and excluding such Remittance Date; provided, however, that in no event shall any Pricing Rate Period for a Purchased Asset end subsequent to the Repurchase Date for such Purchased Asset.

  • Weekly Rate Period means any period of time during which a Group of 2020 Series D Variable Rate Bonds bears interest at the Weekly Rate.

  • 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.

  • Rate Period has the meaning set forth in the Statement.

  • Initial Fixed Rate Period means the period commencing on the Issue Date and ending on and including June 30, 2020.

  • 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.

  • Floating Rate Convention means that each relevant date shall be the date which numerically corresponds to the preceding such date in the calendar month which is the number of months specified in the applicable Final Terms as the Specified Period after the calendar month in which the preceding such date occurred; provided, however, that:

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

  • 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.

  • Daily Rate Period means a period commencing on one Business Day and extending to, but not including, the next succeeding Business Day, during which Multi-Modal Bonds bear interest at the Daily Rate.

  • Subsequent Rate Period means, with respect to any Series of RVMTP Shares, the period consisting of seven calendar days, but adjusted in each case to reflect any changes when the regular calendar day that is a Rate Determination Date is not a Business Day, from, and including, the first calendar day following the Initial Rate Period of such Series to, and including, the next Rate Determination Date for such Series and any period thereafter from, and including, the first calendar day following a Rate Determination Date for shares of such Series to, and including, the next succeeding Rate Determination Date for shares of such Series.

  • Fixed Rate Interest Period means the period beginning on (and including) the Issue Date and ending on (but excluding) the first Fixed Rate Interest Payment Date, and each successive period beginning on (and including) a Fixed Rate Interest Payment Date and ending on (but excluding) the next succeeding Fixed Rate Interest Payment Date.

  • Term Rate Period means any period of time during which a Group of 2021 Series J Variable Rate Bonds bears interest at the Term Rate.

  • 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.

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

  • Initial Rate Period means, with respect to the VMTP Shares of any Series, the period commencing on and including the Date of Original Issue thereof and ending on, and including, the next succeeding calendar day that is a Wednesday (or if such Wednesday is not a Business Day, the next succeeding Business Day).

  • Floating Rate Margin means 7.50 per cent. per annum.

  • Index Rate means, for any day, a floating rate equal to the higher of (i) the rate publicly quoted from time to time by The Wall Street Journal as the "base rate on corporate loans posted by at least 75% of the nation's 30 largest banks" (or, if The Wall Street Journal ceases quoting a base rate of the type described, the highest per annum rate of interest published by the Federal Reserve Board in Federal Reserve statistical release H.15 (519) entitled "Selected Interest Rates" as the Bank prime loan rate or its equivalent), and (ii) the Federal Funds Rate plus 50 basis points per annum. Each change in any interest rate provided for in the Agreement based upon the Index Rate shall take effect at the time of such change in the Index Rate.

  • Mid-Swap Floating Leg Benchmark Rate means EURIBOR (if the Specified Currency is euro), LIBOR for the Specified Currency (if the Specified Currency is U.S. dollars, Pounds Sterling or Swiss Francs), CIBOR (if the Specified Currency is Danish Kroner), NIBOR (if the Specified Currency is Norwegian Kroner), STIBOR (if the Specified Currency is Swedish Kronor) or (in the case of any other Specified Currency) the benchmark rate most closely connected with such Specified Currency and selected by the Calculation Agent in its discretion after consultation with the Issuer;