Index Interest Rate definition

Index Interest Rate means each of the LIBOR Index Rate and the SIFMA Index Rate. “Index Interest Rate Period” means any period during which the Bonds bear interest at anIndex Interest Rate.

Index Interest Rate means a variable interest rate on all or a portion of the Bonds established in accordance with Section 2.3(D) hereof.

Index Interest Rate means, as established pursuant to Section 2.03(B) during any Index Interest Rate Period, a per annum rate of interest equal to the sum of (i) the Applicable Spread plus (ii) the product of the Index as of the date of determination multiplied by the Applicable Factor.

Examples of Index Interest Rate in a sentence

• The discount rate is determined by taking the greater of the Benchmark Index Interest Rate less the Discount Rate Adjustment, and the Discount Rate Minimum.

• If no Benchmark Index Interest Rate is available for such term, the nearest available term will be used.

• The applicable term of the Benchmark Index Interest Rate is the same as the number of days remaining until the end of the Guarantee Period.

• The Bonds shall bear interest for each Interest Period at the Index Interest Rate all as more specifically set forth hereinafter.

• If the Index Interest Rate is not determined by the Calculation Agent on a Computation Date, the rate of interest borne on the Bonds shall be the rate in effect for the immediately preceding Interest Period until the Calculation Agent next determines the Index Interest Rate.

More Definitions of Index Interest Rate

Index Interest Rate means each of the LIBOR Index Rate or the SIFMA Index Rate, as applicable.

Index Interest Rate means each of the LIBOR Index Rate or the SIFMA Index Rate.

Index Interest Rate means for each Interest Period, a per annum rate equal to the sum of (a) the SOFR Rate, plus (b) one-and-fifty-five-hundredths percent (1.55%), as determined by the Calculation Agent in accordance with Section 2.01(d) hereof and in all cases not to exceed the Maximum Interest Rate.

Index Interest Rate means an interest rate given by the addition of (i) the index Published in the Interest rate table, unless otherwise agreed, which the Bank is authorised to change unilaterally and

Index Interest Rate means each of the SOFR Index Rate and the SIFMA Index

Index Interest Rate means, (a) during the Cash-Collateralized Mode, (i) for the first Interest Period, % per annum (which rate shall be based on the one-year LIBOR swap rate as of 6 calendar days prior to the Closing Date plus 75 basis points (0.75%)) and (ii) for the second Interest Period the rate will be the two-year LIBOR rate in effect three calendar days prior to such second Interest Period, plus 80 basis points (0.80%), in each case the applicable Index Interest Rate shall be rounded upward to the second decimal place and shall never be less than 0.75% per annum; and (b) during the Permanent Mode, for each Interest Period, a per annum rate equal to the sum of (a) the product of (I) 0.79, times (II) the LIBOR Rate, plus (b) two percent (2.0%); in either case as determined by the Calculation Agent in accordance with Section 2.01(d) hereof and in all cases not to exceed the Maximum Interest Rate.

Index Interest Rate means the per annum interest rate with respect to any Bonds bearing interest at the Index Interest Rate equal to the sum of (a) the product of the Applicable Factor and the Index in effect on the date of determination and (b) the Applicable Spread.