Index Rate Bonds definition

Index Rate Bonds means Bonds of a Series that bear interest at an Index Rate.
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Index Rate Bonds means 2022 Series B Bonds bearing interest at the Index Rate.
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Index Rate Bonds means the Index Rate Special Program Gas Revenue Bonds, Series 2007 B-1 (LIBOR Index Rate), issued by the Bond Bank in the original principal amount of $22,500,000, the Index Rate Special Program Gas Revenue Bonds, Series 2007 B-2 (BMA Index Rate), issued by the Bond Bank in the original principal amount of $49,710,000, and the Index Rate Special Program Gas Revenue Bonds, Series 2007 B-3 (CPI Index Rate), issued by the Bond Bank in the original principal amount of $77,595,000, each pursuant to the Trust Agreement.
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Examples of Index Rate Bonds in a sentence

  • The load received by PPP STWs is reported in Line 31 as 20264 kgBOD/day.

  • The Authority’s Index Rate Bonds pay interest based on a specified index.

  • In fiscal years 2016 and 2015, the interest rate on the ARS averaged .46% and .43%, respectively, and on the Index Rate Bonds .79% and .79%, respectively.

  • If the LIBOR Index Rate is not determined by the Calculation Agent on the Computation Date, the rate of interest born on such Index Rate Bonds shall be the rate in effect for the immediately preceding Interest Payment Period plus 2.00% until the Calculation Agent next determines the LIBOR Index Rate as required hereunder.

  • For Bonds other than Short-Term Rate Bonds, Fixed Rate Bonds and Index Rate Bonds held by the Bank, not fewer than 15 days prior to the proposed Conversion Date, the Trustee shall give Electronic Notice, confirmed by first class mail, of the conversion and of mandatory tender of the Bonds to the Holders of such Bonds at their addresses as they appear on the Registration Books of the Trustee as of the date notice of the election is received by the Trustee from the Authority.

  • The Bonds are being delivered to the Bank as fully registered Bonds without coupons in Authorized Denominations and in the form of Index Rate Bonds.

  • All Index Rate Bonds of a particular Series shall bear interest accruing at the same Index Rate.

  • In its reports, the Committee shall provide an overview of its meetings, agenda items and issues discussed,as well as a summary of the essential decisions, actions, recommendations, findings and possibledeficiencies found during its activity.

  • No new Index Rate shall become effective unless a Favorable Opinion of Bond Counsel is delivered on (and as of) the first day of the new Index Rate Period and all such Index Rate Bonds are successfully remarketed in the new Index Rate Period at the new Index Rate on the first day of the new Index Rate Period.

  • The Index Rate Bonds will be sold directly to a financial institution as holder and will not be offered to the public.


More Definitions of Index Rate Bonds

Index Rate Bonds means 2024 Series C Bonds bearing interest at the Index Rate.
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Related to Index Rate Bonds

  • Variable Rate Bonds means Current Interest Bonds, which may be either Serial Bonds or Term Bonds, issued with a variable, adjustable, convertible or other similar interest rate which is not fixed in percentage for the entire term thereof at the date of issue, which Bonds may also be Option Bonds. Section 102.Rules of Construction. Words of the masculine gender shall be deemed and construed to include correlative words of the feminine and neuter genders. Unless the context shall otherwise indicate, the words "Bond," "Escrow Agent," "Owner," "person," "Paying Agent," and "Bond Registrar" shall include the plural as well as the singular number and the word "person" shall mean any individual, corporation partnership, joint venture, association, joint stock company, trust, unincorporated organization or government or any agency or political subdivision thereof. All references to applicable provisions of Law shall be deemed to include any and all amendments thereto.

  • Fixed Rate Borrowing means a Borrowing comprised of Fixed Rate Loans.

  • Index Rate Loan means a Loan or portion thereof bearing interest by reference to the Index Rate.

  • 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.

  • Base Rate Borrowing means a Borrowing comprised of Base Rate Loans.

  • Fixed Rate Loans means Euro-Dollar Loans or Money Market Loans (excluding Money Market LIBOR Loans bearing interest at the Base Rate pursuant to Section 8.01(a)) or any combination of the foregoing.

  • Floating Rate Loan means a Loan which bears interest at the Floating Rate.

  • Floating Rate Note means a Note on which interest is calculated at a floating rate, payable in arrear on one or more Interest Payment Dates in each year as may be agreed between the Issuer and the relevant Dealer, as indicated in the applicable Final Terms;

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

  • Eurodollar Rate Borrowing means a Borrowing comprised of Eurodollar Rate Loans.

  • Floating Rate Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the Floating Rate.

  • Daily Rate Period means any period of time during which a Group of 2023 Series B Variable Rate Bonds bears interest at the Daily Rate.

  • Floating Rate Notes means the Class A-2b Notes.

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

  • Fixed Rate Note means a Note on which interest is calculated at a fixed rate payable in arrear on a fixed date or fixed dates in each year and on redemption or on such other dates as may be agreed between the Issuer and the relevant Dealer(s) (as indicated in the applicable Final Terms);

  • Interest Rate Option means any LIBOR Rate Option or Base Rate Option.

  • Alternative Currency Daily Rate Loan means a Committed Loan that bears interest at a rate based on the definition of “Alternative Currency Daily Rate.” All Alternative Currency Daily Rate Loans must be denominated in an Alternative Currency.

  • U.S. Treasury Note Rate on any date means (i) the yield as calculated by reference to the bid price quotation of the actively traded, current coupon Treasury Note with a maturity most nearly comparable to the length of the related Dividend Period, as such bid price quotation is published on the Business Day immediately preceding such date by the Federal Reserve Bank of New York in its Composite 3:30 P.M. Quotations for U.S. Government Securities report for such Business Day, or (ii) if such yield as so calculated is not available, the Alternate Treasury Note Rate on such date. "Alternate Treasury Note Rate" on any date means the yield as calculated by reference to the arithmetic average of the bid price quotations of the actively traded, current coupon Treasury Note with a maturity most nearly comparable to the length of the related Dividend Period, as determined by the bid price quotations as of any time on the Business Day immediately preceding such date, obtained from at least three recognized primary U.S. Government securities dealers selected by the Auction Agent.

  • Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.

  • Fixed Rate Notes Together, the Class A-2 Notes, the Class A-3 Notes, the Class A-4 Notes, the Class B Notes, the Class C Notes, the Class D Notes and the Class E Notes.

  • Money Market Absolute Rate Loan means a loan to be made by a Bank pursuant to an Absolute Rate Auction.

  • Money Market LIBOR Loan means a loan to be made by a Bank pursuant to a LIBOR Auction (including such a loan bearing interest at the Base Rate pursuant to Section 8.01(a)).

  • 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.

  • Dollar Denominated Loan means any Loan incurred in Dollars.

  • Fixed Rate Advances has the meaning specified in Section 2.03(a)(i).

  • Daily Rate means the rate specified as such in the Reference Rate Terms.