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:
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.
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 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; andb = 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, 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 and 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 + [ 10 / 31 * (Y-X) ] where: X = One-Month LIBOR, and Y = 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, 5.46065% per annum.
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 = Two-Month LIBOR or Two-Month EURIBOR, as applicable;y = Three-Month LIBOR or Three-Month EURIBOR, as applicable;a = the actual number of days from the maturity date of Two-Month LIBOR or Two-Month EURIBOR, as applicable, to the first Distribution Date; andb = the actual number of days from the maturity date of Two-Month LIBOR or Two-Month EURIBOR, as applicable, and the maturity date of Three-Month LIBOR or Three-Month EURIBOR, as applicable.
Initial Accrual Rate means for each class of Notes (other than the Class A-5B Notes) and the Accrual Period commencing on the Closing Date to, but excluding, the first Distribution Date, LIBOR as determined on the second Business Day before the beginning of the initial Accrual Period. For the initial Accrual Period, the Initial Accrual Rate shall mean the rate determined by the following formula: X + [24/31 x (Y - X)] where: X = One-Month LIBOR, and Y = Two-Month LIBOR