Permanent Rate definition

Permanent Rate means an interest rate per annum certified to the HFA Trustee by the Special Permanent Rate Advisor on or prior to the Release Date, which shall be equal to the sum of the 10-year Constant Maturity Treasury rate, as reported by Treasury as of the close of business on the Business Day immediately before the applicable Permanent Rate Calculation Date for Program Bonds, established by reference to the Daily Treasury Yield Curve Rates published by Treasury, currently available on its website at:xxxx://xxx/xxxxxxx.xxx/offices/domestic-finance/debt-management/interest-rate/yield.shtml, plus (ii) the Spread.
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Permanent Rate means an interest rate per annum equal to percent per annum. The rate is made up of the sum of (i) percent per annum, the index rate certified to the HFA by Treasury’s agent, State Street Global Advisors, and (ii) a Spread of bps based on the long-term rating described in Section 4 above.
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Permanent Rate means the interest rate per annum equal to the sum of (i) 3.49% plus(ii) the Spread.
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Examples of Permanent Rate in a sentence

  • On and after the Construction Program Bond Conversion Date, the interest rate on the Variable Rate Construction Program Bonds shall be the Permanent Rate.

  • Bonds designated as Permanent Rate Bonds in the Officer’s Pricing Certificate shall bear interest at the fixed rate designated therein until maturity or prior redemption as specified in the Officer’s Pricing Certificate.

  • In addition and notwithstanding the foregoing or the provisions of Section3.04 of this Order, the Pricing Officer may initially designate one or more maturities of Bonds as Permanent Rate Bonds as set forth in the Officer’s Pricing Certificate.

  • Construction Program Bonds which are not Variable Rate Construction Program Bonds shall bear interest at the Permanent Rate on and after the Conversion Date.

  • The interest rate on some or all of the Pre-Conversion Bonds may be Converted on a Conversion Date to a Permanent Rate in accordance with the provisions thereof.


More Definitions of Permanent Rate

Permanent Rate means, with respect to the Series 2009A Bonds, 4.09% per annum (the sum of 3.49% per annum, plus the Spread).
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Permanent Rate means, for Permanent Notes of any series, a rate per annum equal to the sum of:
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Permanent Rate at:hxxx://xxx/xxxxxxx.xxx/xxxxxxx/domestic-finance/debt-management/interest -rate/yield.shtml, plus (ii) the Spread.
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Permanent Rate means, during the Permanent Mode, a fixed interest rate of [ ]% perannum.
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Permanent Rate means 4.09% per annum.
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Permanent Rate means an interest rate per annum certified to the Trustee by the Special Permanent Rate Advisor on or prior to the Release Date, which shall be equal to the sum of (i) 3.49% plus (ii) the Spread.
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Permanent Rate means, with respect to the Series 2009 Bonds, 3.01% per annum.
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