Maximum Bond Interest Rate definition

Maximum Bond Interest Rate means (a) with respect to Bonds other than ARS the lesser of 12% per annum and the Maximum Lawful Rate, and (b) with respect to ARS, the lesser of 15% per annum and the Maximum Lawful Rate, in each case calculated in the same manner as interest is calculated for the particular interest rate on the Bonds.

Maximum Bond Interest Rate. With respect to each class of (1) Group 1 Bonds, 11.00% per annum and (2) Group 2 Bonds, 10.25% per annum.

Maximum Bond Interest Rate means the lesser of 12% per annum and the Maximum Lawful Rate.

Examples of Maximum Bond Interest Rate in a sentence

• In no event shall the Daily Interest Rate be greater than the Maximum Bond Interest Rate.

• In no event shall any Long-Term Interest Rate be greater than the Maximum Bond Interest Rate.

• In no event shall any Bond Interest Term Rate exceed the Maximum Bond Interest Rate.

• Heading north on our stretch and then turning into our driveway is scary , Having had many near misses , people overtaking as you are turning into the driveway as an example.

• A Liquidity Facility, in an amount equal to the sum ofoutstanding principal and interest calculated at the Maximum Bond Interest Rate for 34 days, or such other amount as may be approved by the Bond Insurer and the rating agencies then rating the Bonds, shall be maintained by the Issuer for Bonds bearing interest at the Weekly Interest Rate, the Daily Interest Rate or Bond Interest Term Rates and, if and to the extent that the Issuer shall elect, for Bonds bearing interest at the Long-Term Interest Rate.

More Definitions of Maximum Bond Interest Rate

Maximum Bond Interest Rate. Assumption",

Maximum Bond Interest Rate. With respect to each class of (1) Bonds (other than the Class A-IO Bonds), 11.50% per annum.

Maximum Bond Interest Rate per annum.

Maximum Bond Interest Rate. With respect to each class of (1) Group 1 --------------------------- Bonds and Group 2 Bonds, 11.00% per annum and (2) Group 3 Bonds, 10.25% per annum.

Maximum Bond Interest Rate. With respect to each Class of Bonds, 11.500% per annum. MERS: Mortgage Electronic Registration Systems, Inc., a corporation organized and existing under the laws of the State of Delaware, or any successor thereto.

Maximum Bond Interest Rate means 12% per annum calculated in the same manner as interest is calculated for the particular interest rate on the Series 2021A Refunding Bonds.

Maximum Bond Interest Rate means the "Maximum Interest Rate" as that term is defined in the Indenture, which rate shall be 12% per annum, computed on the basis of actual days elapsed over a 365-day or 366-day year, as the case may be.