Interest Rate Contract Provider definition

Interest Rate Contract Provider means a Person that is a party to an Interest Rate Contract with the Authority with respect to specified Bonds and who satisfies the applicable requirements of the Interest Rate Exchange Agreements Act, being Article 59.3, Title 11 of Colorado Revised Statutes, and whose credit rating by each nationally recognized Rating Agency then rating the Class I Bonds is sufficiently high to maintain the then current rating on such Bonds by such Rating Agency or the equivalent of such rating by virtue of guarantees or insurance arrangements.
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Interest Rate Contract Provider means a Person that is a party to an Interest Rate Contract with the Authority with respect to specified Bonds and who satisfies the applicable requirements of the Interest Rate Exchange Agreements Act, being Article 59.3, Title 11 of Colorado Revised Statutes, and whose credit rating by each nationally recognized Rating Agency then rating the Class I Bonds is sufficiently
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Interest Rate Contract Provider means a Person which is a party to an Interest Rate Contract with the Division with respect to specified Bonds and whose credit rating by each Rating Agency then rating the Senior Bonds at the request of the Division is sufficiently high to maintain the then-current rating on such Bonds by such Rating Agency or the equivalent of such rating by virtue of guarantees or insurance arrangements.
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Examples of Interest Rate Contract Provider in a sentence

  • The obligation of the Authority to make fixed rate interest payments to the Interest Rate Contract Provider under the Interest Rate Contract is a Class I Auxiliary Obligation under the Indenture and the obligation of the Authority to make other payments under the Interest Rate Contract is a General Obligation of the Authority and is not secured by the Trust Estate.


More Definitions of Interest Rate Contract Provider

Interest Rate Contract Provider means, initially, with respect to the Adjustable Rate Bonds, Xxxxxx Brothers Financial Products Inc., a party to the Initial Interest Rate Contract, and its respective successors and assigns, or, with respect to an Alternate Interest Rate Contract, the Interest Rate Contract Provider thereunder.
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Related to Interest Rate Contract Provider

  • Interest Rate Contract means any interest rate swap agreement, interest rate cap agreement, interest rate floor agreement, interest rate collar agreement, interest rate option or any other agreement regarding the hedging of interest rate risk exposure executed in connection with hedging the interest rate exposure of any Person and any confirming letter executed pursuant to such agreement, all as amended, restated, supplemented or otherwise modified from time to time.

  • Interest Rate Agreement means in respect of a Person any interest rate swap agreement, interest rate cap agreement or other financial agreement or arrangement designed to protect such Person against fluctuations in interest rates.

  • RATE CONTRACT means the agreement for supply of goods/ materials between Owner and Vendor, for a fixed period of time (i.e till validity of Rate Contract, with no commitment of contractual quantity) on mutually agreed terms and conditions. The actual supply of goods/ materials shall take place only on issue of separate purchase orders for required quantity as and when required by Owner.

  • Interest Rate Cap means a Cap.

  • Interest Rate Protection Agreement means any interest rate swap agreement, interest rate cap agreement, interest collar agreement, interest rate hedging agreement or other similar agreement or arrangement.

  • Interest Rate Protection Obligations means the obligations of any Person pursuant to any Interest Rate Protection Agreements.