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. Assumption",
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.
Examples of Maximum Bond Interest Rate in a sentence
In no event shall any Bond Interest Term Rate exceed the Maximum Bond Interest Rate.
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 Weekly Interest Rate exceed the Maximum Bond Interest Rate.
More Definitions of Maximum Bond Interest Rate
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 means the lesser of 12% per annum and the Maximum Lawful Rate.
Maximum Bond Interest Rate. With respect to each class of (1) Group 1 Bonds, Group 2 Bonds and Group 3 Bonds, 11.00% per annum and (2) Group 4 Bonds, 10.25% per annum.
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.
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 least of (a) the rate of 12% (or such lesser rate as may be provided in the Liquidity Facility) per annum calculated in the same manner as interest is calculated for the particular interest rate on the Series 2007 Bonds of a Series (other than Bank Bonds), (b) with respect to any maturity of the Series 2007 Bonds of a Series, the rate specified as the Maximum Bond Interest Rate for such maturity of the Series 2007 Bonds of such Series as set forth in an Order of the District delivered to the Trustee as of the Conversion Date of such Series 2007 Bonds of a Series and (c) the Maximum Lawful Rate.
Maximum Bond Interest Rate. Assumption", (z) "Maximum Variable Interest Rate",