Inverse Rate definition

Inverse Rate means the relevant Reference Rate or Floating Rate Option as specified in the relevant Final Terms, which may, if so specified in the relevant Final Terms, be calculated by reference to the mathematical difference between, or sum of, two Reference Rates and/or Floating Rate Options, as the case may be;
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Inverse Rate means the relevant Reference Rate or ISDA Rate (as the case may be) specified hereon and calculated in accordance with the provisions of Condition 4(e)(i) as though references therein to “Floating Rate Notes” were to “Inverse Floating Rate Notes”.
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Inverse Rate with respect to Inverse Rate Bonds and each Interest Period for such Inverse Rate Bonds during any Auction Rate-Inverse Rate Period, the rate of interest per annum determined for the Inverse Rate Bonds pursuant to Section 3A.02(c).
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Examples of Inverse Rate in a sentence

  • Probationary employees will be laid off first provided tenure teachers are certified and qualified to fill the position.

  • In the case of Auction Rate Bonds and Inverse Rate Bonds during an Auction Rate-Inverse Rate Period, the Authority shall have no liability for the payment of fees and expenses of the Auction Agent and the Broker-Dealers except as, and from the sources, provided in Section 3A.05 of the Indenture and any applicable sections of the Auction Agency Agreement.

  • The Registrar and Paying Agent shall not be required to transfer or exchange Bonds during any period beginning at the opening of business fifteen (15) days before the day of mailing of a notice of redemption and ending at the close of business on the day fixed for redemption; provided, however, that the foregoing shall not apply during a Daily Rate Period, a Weekly Rate Period, a Commercial Paper Rate Period, an Auction Rate Period or an Auction Rate- Inverse Rate Period.

  • Inverse Rate Period shall be redeemed in minimum denominations of $25,000 or integral multiples thereof.

  • A holder of Inverse Rate Bonds who has made a Tender Demand shall purchase the Regular Auction Rate Bonds tendered to it on the Tender Date for the Tender Price therefor.

  • In the case of a suspension of the Program or any episode, Licensor will use its best efforts to extend the Term for the Program or such episode by a period equal to the period of suspension.

  • The Company agrees not to request that an Adjustable Rate other than an Auction Rate during a Auction Rate Period or an Auction Rate and an Inverse Rate during an Auction Rate-Inverse Rate Period become effective unless there shall be in effect, prior to the applicable Change in the Interest Rate Mode, a Liquidity Facility which meets the requirements of Article VI of the Indenture.

  • A Liquidity Facility relating to the affected Bonds must be in effect prior to any Change in the Interest Rate Mode from an Auction Rate and a related Inverse Rate during an Auction Rate-Inverse Rate Period, or from an Auction Rate during an Auction Rate Period to another Adjustable Rate (other than a Change in the Interest Rate Mode to an Auction Rate Period or an Auction Rate-Inverse Rate Period or a conversion to a Fixed Rate).

Related to Inverse Rate

  • Base Rate means a fluctuating interest rate per annum in effect from time to time, which rate per annum shall at all times be equal to the higher of:

  • Reference Rate means the rate specified as such hereon.

  • LIBOR Base Rate means, for each Interest Period, the London interbank offered rate for six-month deposits in Dollars for value the first day of such Interest Period (or, in the case of the initial Interest Period, for value the Interest Payment Date occurring on or next preceding the first day of such Interest Period), as reasonably determined by the Bank and expressed as a percentage per annum.

  • U.S. Base Rate means, on any day, the annual rate of interest equal to the greater of (a) the annual rate of interest announced by a commercial Canadian bank selected by the Lender and in effect as its base rate at its principal office in Toronto, Ontario on such day for determining interest rates on Dollar demand commercial loans in Canada, and (b) the sum of the Federal Funds (Effective) Rate plus 0.50% per annum.

  • Lease Rate means for each 2022-1 Lease, the rent charge portion of each Monthly Payment, calculated on a constant yield basis at an imputed interest rate.