Initial Period Rate definition

Initial Period Rate means 6.50%.
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Initial Period Rate has the meaning set forth in Schedule I.
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Initial Period Rate has the meaning set forth in Schedule I. "Interest Payment Date" with respect to Bonds of a Series bearing interest at Auction Period Rates, means, notwithstanding anything else in the Authorizing Document to the contrary, the first Interest Payment Date for such Series of Bonds as set forth in Schedule I and thereafter (unless changed by Schedule I) (a) when used with respect to any Auction Period other than a daily Auction Period or a Flexible Auction Period, the Business Day immediately following such Auction Period, (b) when used with respect to a daily Auction Period, the first Business Day of the month immediately succeeding the first day of such Auction Period, (c) when used with respect to a Flexible Auction Period of (i) seven or more but fewer than 183 days, the Business Day immediately following such Flexible Auction Period, or (ii) 183 or more days, each semiannual date on which interest on the Bonds would be payable if such Bonds bore interest at a fixed rate of interest and on the Business Day immediately following such Flexible Auction Period, and (d) the date when the final payment of principal of the Bonds of such Series becomes due and payable (whether at stated maturity, upon redemption or acceleration, or otherwise).
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Examples of Initial Period Rate in a sentence

  • During the Initial Period, interest shall accrue on the Outstanding IP Principal Amount at the Initial Period Rate, which: (A) initially shall be determined on the AT Closing Date; and (B) thereafter shall change commensurate with changes in LIBOR.

  • Initial Period Rate shall mean a per annum rate equal to LIBOR plus 1.50% Installment Payments shall mean installment payments for the purchase of the Acquisition Property, which installment payments: (a) shall be in the amounts specified on Exhibit A and/or determined in accordance with Section 7; and (b) in the aggregate constitute the Contract Price.

  • Initial Period Rate shall mean a per annum rate equal to LIBOR plus 1.75%.

  • In the event there are multiple Broker-Dealers for the Bonds, the Corporation shall designate which Broker-Dealer shall determine the Initial Period Rate.

  • The Initial Period Rate for the Initial Period for each Series of the Series 2007-2 Auction Rate Notes is set forth in Schedule I.

  • In addition if this Broker-Dealer Agreement takes effect as a result of an ARS Conversion Date, BD agrees to set the Initial Period Rate as provided in Schedule I of the Auction Procedures and give notice thereof as provided in such Schedule I.

  • During the Initial Period, subject to Section 2.12, interest shall accrue at the Applicable Initial Period Rate.


More Definitions of Initial Period Rate

Initial Period Rate means (a) for an Initial Period commencing on the date of initial delivery of the Bonds, the rate set by the managing underwriter prior to delivery of the Bonds and (b) for an Initial Period commencing on an ARS Conversion Date the lowest rate which, in the judgment of the Broker-Dealer, is necessary to enable the Bonds to be remarketed at a price equal to the principal amount thereof, plus accrued interest, if any, on the ARS Conversion Date. Such determination shall be conclusive and binding upon the Corporation, the Issuer, the Trustee, the Auction Agent [, the Insurer] and the Bondholders. Not later than 5:00 p.m., New York City time, on the date of determination of the Initial Period Rate, the Broker-Dealer shall notify the Trustee, the Borrower and the Auction Agent of the Initial Period Rate by Electronic Means.
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Initial Period Rate means shall mean a per annum rate equal to the greater of: (a) the sum of: (i) the weekly average of the ten-year Treasury ▇▇▇▇ rate, as published in the Wall Street Journal on the date immediately preceding the AT Closing Date; plus (ii) .78%; or (b) 3.0% Installment Payments shall mean semi-annual installment payments for the purchase of the Acquisition Property, which installment payments: (a) shall be in the amounts specified on Exhibit A and/or determined in accordance with Section 7; and (b) in the aggregate constitute the Contract Price. As reflected on Exhibit A and in Section 7, the installment payments shall consist of IP Interest Amounts and IP Principal Amounts as necessary to fully amortize the Acquisition Property Price over the Payment Period at the Standard Rate. IP Interest Amount shall mean, with respect to any given Installment Payment, the amount thereof that is attributable to interest that has accrued on the Outstanding IP Principal Amount at the Standard Rate, which amount is specified on Exhibit A as the “Amount Attributable to Interest”. The parties acknowledge that a change in the Second Period Rate will occur on the SP Rate Change Date; accordingly, to the extent that specific amounts are set forth on Exhibit A as the “Amount Attributable to Interest” for the Payment Due Dates following the SP Rate Change Date, such amounts are projections, as opposed to actual amounts.
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Initial Period Rate means, with respect to each Series of the Series 2007-2 Auction Rate Notes, the rates set forth below: Series Initial Period Rate Series 2007-2A-2 Senior Notes 5.40% Series 2007-2A-3 Senior Notes 5.40% Series 2007-2A-4 Senior Notes 5.40% Series 2007-2A-5 Senior Notes 5.40% Series 2007-2A-6 Senior Notes 5.40% Series 2007-2A-7 Senior Notes 5.40% Series 2007-2A-8 Senior Notes 5.40% Series 2007-2A-9 Senior Notes 5.40% Series 2007-2A-10 Senior Notes 5.40% Series 2007-2A-11 Senior Notes 5.40% Series 2007-2A-12 Senior Notes 5.30% Series 2007-2A-13 Senior Notes 5.30% Series 2007-2A-14 Senior Notes 5.30% Series 2007-2B-1 Subordinate Notes 6.25%
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Initial Period Rate means a rate of interest equal to EONIA plus 0.85 per cent.
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Initial Period Rate means the rate proposed by the managing underwriter and set by the Issuer’s Board of Directors prior to delivery of the AMPS.
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Related to Initial Period Rate

  • Initial Period means the period from (and including) the Issue Date to (but excluding) the First Call Date;

  • Non-Payment Period Rate means, initially, 200% of the applicable Reference Rate (or 275% of such rate if the Corporation has provided notification to the Auction Agent prior to the Auction establishing the Applicable Rate for any dividend pursuant to paragraph 2(f) hereof that net capital gains or other taxable income will be included in such dividend on shares of AMPS), provided that the Board of Directors of the Corporation shall have the authority to adjust, modify, alter or change from time to time the initial Non-Payment Period Rate if the Board of Directors of the Corporation determines and Moody's and S&P (and any Substitute Rating Agency in lieu of Moody's or S&P in the event either of such parties shall not rate the AMPS) advise the Corporation in writing that such adjustment, modification, alteration or change will not adversely affect their then-current ratings on the AMPS.

  • Initial Rate Period means, with respect to the RVMTP Shares of any Series, the period commencing on and including the Date of Original Issuance thereof and ending on, and including, the next succeeding calendar day that is a Wednesday (or if such Wednesday is not a Business Day, the next succeeding Business Day).

  • Quarterly Floating Rate Period means, for the initial Quarterly Floating Rate Period, the period commencing on April 1, 2022 and ending on and including June 30, 2022, and thereafter the period from and including the day immediately following the end of the immediately preceding Quarterly Floating Rate Period to but excluding the next succeeding Quarterly Commencement Date.

  • Subsequent Rate Period means, with respect to any Series of RVMTP Shares, the period consisting of seven calendar days, but adjusted in each case to reflect any changes when the regular calendar day that is a Rate Determination Date is not a Business Day, from, and including, the first calendar day following the Initial Rate Period of such Series to, and including, the next Rate Determination Date for such Series and any period thereafter from, and including, the first calendar day following a Rate Determination Date for shares of such Series to, and including, the next succeeding Rate Determination Date for shares of such Series.