New Fixed Rate Lease definition

New Fixed Rate Lease means on any day each Unit Lease then bearing interest or finance charges at a fixed rate per annum (a) that did not bear interest or finance charges at a fixed rate per annum when it initially became a unit Lease or on the Effective Date and (b) with respect to which the Issuer shall not have obtained on or prior to such day an interest rate cap satisfying the requirements therefor set forth in Section 5A.11(c) of the Indenture Supplement.
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New Fixed Rate Lease means, on any day, each Unit Lease then bearing interest or finance charges at a fixed rate per annum (a) that did not bear interest or finance charges at a fixed rate per annum (x) when it initially became a Unit Lease or (y) on the Effective Date and (b) with respect to which the Issuer shall not have obtained on or prior to such day an interest rate cap satisfying the requirements therefor set forth in Section 5A.12(c) of the Indenture Supplement.
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Examples of New Fixed Rate Lease in a sentence

  • On the first day of the first Calculation Period on which there are any New Fixed Rate Leases, the Counterparty agrees to pay to JPMorgan Chase an amount, to be determined by JPMorgan Chase on a reasonably commercial basis, equal to the premium that would have been payable by the Counterparty to obtain a Notional Lease Rate Cap with respect to each such New Fixed Rate Lease on the date that is two Business Days prior to such first day.

  • On the first day of the first Calculation Period on which there are any New Fixed Rate Leases, the Counterparty agrees to pay to JPMorgan Chase an amount, to be determined by JPMorgan Chase on a reasonably commercial basis, equal to the premium that would have been payable by the Counterparty to obtain a Notional Lease Rate Cap with respect to each such New Fixed Rate Lease on the two Business Days prior to such first day.

  • On the first day of the first Calculation Period on which there are any New Fixed Rate Leases, the Counterparty agrees to pay to Chase an amount, to be determined by Chase on a reasonably commercial basis, equal to the premium that would have been payable by the Counterparty to obtain a Notional Lease Rate Cap with respect to each such New Fixed Rate Lease on the two Business Days prior to such first day.

  • On the first day of the first Calculation Period on which there are any New Fixed Rate Leases, the Counterparty agrees to pay to the Rate Cap Provider an amount, to be determined by the Rate Cap Provider on a reasonably commercial basis, equal to the premium that would have been payable by the Counterparty to obtain a Notional Lease Rate Cap with respect to each such New Fixed Rate Lease on the date that is two Business Days prior to such first day.

  • On the first day of the first Calculation Period on which there are any New Fixed Rate Leases, the Counterparty agrees to pay to Bank of America an amount, to be determined by Bank of America on a reasonably commercial basis, equal to the premium that would have been payable by the Counterparty to obtain a Notional Lease Rate Cap with respect to each such New Fixed Rate Lease on the date that is two Business Days prior to such first day.

Related to New Fixed Rate Lease

  • Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.

  • Fixed Rate Term means a period commencing on a Business Day and continuing for 1, 2, 3 or 6 months, as designated by Borrower, during which all or a portion of the outstanding principal balance of this Note bears interest determined in relation to LIBOR; provided however, that no Fixed Rate Term may be selected for a principal amount less than One Hundred Thousand Dollars ($100,000.00); and provided further, that no Fixed Rate Term shall extend beyond the scheduled maturity date hereof. If any Fixed Rate Term would end on a day which is not a Business Day, then such Fixed Rate Term shall be extended to the next succeeding Business Day.

  • Fixed Rate Advance means an Advance which bears interest at a Fixed Rate.

  • Floating Rate Option has the meaning given to it in the ISDA Definitions;

  • Fixed Rate Loans means Euro-Dollar Loans or Money Market Loans (excluding Money Market LIBOR Loans bearing interest at the Base Rate pursuant to Section 8.01(a)) or any combination of the foregoing.

  • Interest Rate Option means any LIBOR Rate Option or Base Rate Option.

  • Fixed Rate Borrowing means a Borrowing comprised of Fixed Rate Loans.

  • Fixed Rate Interest Period means the period beginning on (and including) the Issue Date and ending on (but excluding) the first Fixed Rate Interest Payment Date, and each successive period beginning on (and including) a Fixed Rate Interest Payment Date and ending on (but excluding) the next succeeding Fixed Rate Interest Payment Date.

  • Floating Rate Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the Floating Rate.

  • Subsequent Fixed Rate Period means for the initial Subsequent Fixed Rate Period, the period commencing on July 1, 2020 and ending on and including June 30, 2025 and for each succeeding Subsequent Fixed Rate Period, the period commencing on the day immediately following the end of the immediately preceding Subsequent Fixed Rate Period and ending on and including June 30 in the fifth year thereafter.

  • Fixed Rate Advances has the meaning specified in Section 2.03(a)(i).

  • Fixed Rate Period shall have the meaning in the form of Security set forth in Section 2.1.

  • Euro-Rate Option shall have the meaning set forth in Section 2.04(a)(ii) hereof.

  • Fixed Rate Mortgage Loan A fixed rate mortgage loan purchased pursuant to this Agreement.

  • Eurodollar Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the applicable Eurodollar Rate.

  • Fixed Interest Period means the period from (and including) an Interest Payment Date (or the Interest Commencement Date) to (but excluding) the next (or first) Interest Payment Date; and

  • Initial Fixed Rate Period means the period commencing on the Issue Date and ending on and including June 30, 2020.

  • Eurocurrency Advance means an Advance which, except as otherwise provided in Section 2.12, bears interest at the applicable Eurocurrency Rate.

  • Base Rate Term Loan means a Term Loan that is a Base Rate Loan.

  • LIBOR Rate Option means the option of the Borrower to have Loans bear interest at the rate and under the terms set forth in Section 4.1.1(a)(ii) [Revolving Credit LIBOR Rate Option].

  • LIBOR Advance means an Advance bearing interest at a rate based upon the LIBOR Rate.

  • ABR Advance means an Advance which bears interest at the ABR Rate.

  • Floating Rate Loan means a Loan which bears interest at the Floating Rate.

  • LIBOR Rate Advance means an Advance which bears interest at a LIBOR Rate.

  • Floating Rate Interest Period means, during the Floating Rate Period, the period beginning on (and including) a Floating Rate Period Interest Payment Date and ending on (but excluding) the next succeeding Floating Rate Period Interest Payment Date; provided that the first Floating Rate Interest Period will begin on (and include) April 18, 2025 and will end on (but exclude) the first Floating Rate Period Interest Payment Date.

  • Rate Option means the Eurocurrency Rate or the Floating Rate, as applicable.