Initial Accrual Rate means for each class of Notes and the Accrual Period commencing on the Closing Date to, but excluding, the first Distribution Date, the rate per annum as determined on the related Determination Date, as follows: X + 27/32 * (Y - X) where: X = One-Month LIBOR, and Y = Two-Month LIBOR.
Initial Accrual Rate means for each class of Notes and the Accrual Period commencing on the Closing Date to, but excluding, the first Distribution Date, the rate per annum as determined on the related Determination Date, as follows:
Initial Accrual Rate means, for the Class A Notes and the Class B Notes and any Accrual Period commencing on the Closing Date to, but excluding, the first Distribution Date for that class of Notes, the rate per annum as determined on the related Determination Date, as follows:
Examples of Initial Accrual Rate in a sentence
For purposes of this Section 2, "Initial Accrual Rate" shall mean 6.0% per annum, of which 2.0% per annum shall be payable in cash and 4.0% per annum shall be payable by the issuance of shares of Series B Preferred Stock at a rate of .001 shares per $1.00 of such dividend.
More Definitions of Initial Accrual Rate
Initial Accrual Rate means, for each class of Notes and the Accrual Period commencing on the Closing Date to, but excluding, the first Distribution Date, the per annum rate determined by the following formula:x + [a/b ´ (y - x)]where:x = Three-Month LIBOR;y = Four-Month LIBOR;a = the actual number of days from the maturity date of Three-Month LIBOR to the first Distribution Date; andb = the actual number of days from the maturity date of Three-Month LIBOR to the maturity date of Four-Month LIBOR.
Initial Accrual Rate means, for the Accrual Period commencing on the Closing Date to, but excluding, the first Distribution Date, the per annum rate determined by the following formula: x + [a/b ´ (y - x)] where: x = Two-Month LIBOR; y = Three-Month LIBOR; a = the actual number of days from the maturity date of Two-Month LIBOR to the first Distribution Date; and b = the actual number of days from the maturity date of Two-Month LIBOR to the maturity date of Three-Month LIBOR.
Initial Accrual Rate means, for each class of Notes and the Accrual Period commencing on the Closing Date to, but excluding, the first Distribution Date for that class of Notes, the rate per annum as determined on the related Determination Date, as follows:X + [ 22 / 32 * (Y-X) ]where:X = One-Month LIBOR, andY = Two-Month LIBOR.
Initial Accrual Rate means, for each class of the Class A Notes and the Class B Notes and any Accrual Period commencing on the Closing Date to, but excluding, the first Distribution Date for that class of Notes, Two-Month LIBOR.
Initial Accrual Rate means, for each class of Notes and the Accrual Period commencing on the Closing Date to, but excluding, the first Distribution Date, 5.386% per annum.
Initial Accrual Rate means 7.30% per annum.
Initial Accrual Rate means for each class of Floating Rate Notes and the Accrual Period commencing on the Closing Date to, but excluding, the first Quarterly Distribution Date, the rate per annum as determined on the related Determination Date, as follows: