Index Interest Rate definition

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.

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

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.

Examples of Index Interest Rate in a sentence

The adjustment depends on changes in the MVA Index Interest Rate since the Contract Effective Date and the amount of time remaining until the sixth Contract Anniversary.
The MVA factor is equal to: Where: A = the MVA Index Interest Rate on the Contract Effective Date; B = the MVA Index Interest Rate for the date of the withdrawal or surrender; and N = the number of whole and partial years remaining to the sixth Contract Anniversary.
The Market Value Adjustment will be positive and will increase the value of the Indexed Strategy if the MVA Index Interest Rate has fallen by more than the spread factor.
Borrower may only make a request to draw down an Installment under this Note during the period commencing the date of this Note and ending on the six month anniversary of the date of this Note.
The first Interest Rate Period for the Authority Notes shall be an Index Interest Rate Period.

More Definitions of Index Interest Rate

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 an

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

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 an Index 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.

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 each of the SOFR Index Rate and the SIFMA Index