Purchased Bond Rate definition

Purchased Bond Rate means the rate per annum specified in a Reimbursement Agreement and calculated from time to time by the Liquidity Facility Provider. Interest at the Purchased Bond Rate shall be calculated on the basis of a 360-day year of twelve 30-day months.
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Purchased Bond Rate means the rate at which a Purchased Bond bears interest in accordance with a Liquidity Facility; provided, however, that in no event shall such rate exceed the Maximum Rate applicable thereto;
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Purchased Bond Rate means the interest rate applicable from time to time to Purchased Bonds as determined in accordance with Section 204(i) of the First Supplemental Indenture and as specified in Section 3.01 of this Agreement. The Purchased Bond Rate is defined as the “Bank Bond Rate” in the First Supplemental Indenture.
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Examples of Purchased Bond Rate in a sentence

  • For so long as a Bond remains a Purchased Bond, interest thereon at the Purchased Bond Rate as adjusted pursuant to this Section 3.01(c) shall be insured by the Bond Insurance Policy.

  • The Government intends to set a fee of £335 for the 1999/2000 competition and, subject to any unexpected changes in the cost of running the competition or the number of applicants, to review that figure every three years.

  • As provided in the Bonds and the Indenture, any Bond purchased by Dexia pursuant to this Agreement shall thereupon become a Purchased Bond and shall bear interest at the Purchased Bond Rate for the period commencing from the date that Dexia shall have purchased such Bond and, subject to Section 2.04(c) hereof, continuing until such Bond is paid in full or remarketed as provided in Section 2.04(b) hereof.

  • Dexia will, upon the request of the Issuer or the Trustee, notify the Issuer or the Trustee, as the case may be, of the Purchased Bond Rate in effect during any period in which Purchased Bonds are held by Dexia or any other Purchased Bondholders or during which any Differential Interest Amount, Excess Bond Interest, Excess Bond Interest Amount, Final Excess Bond Interest Amount or any amount in respect of the Interest Component remains unpaid.

  • The Commission agrees that, as a condition to the effectiveness of the Alternate Liquidity Facility, the issuer of the Alternate Liquidity Facility will provide funds, to the extent necessary, in addition to other funds available, on the date the Alternate Liquidity Facility becomes effective for the purchase of all Purchased Bonds at a purchase price of par plus accrued interest (at the Purchased Bond Rate) through the purchase date.

  • Any Bonds so purchased shall thereupon constitute Purchased Bonds and shall, from the date of such purchase and while they are Purchased Bonds, bear interest at the Purchased Bond Rate and have other characteristics of Purchased Bonds as set forth herein and in the Indenture.

  • Any Bonds so purchased shall thereupon constitute Purchased Bonds and from the date of such purchase and while they are Purchased Bonds, shall bear interest at the Purchased Bond Rate and have other characteristics of Purchased Bonds as set forth herein and in the Indenture.

  • As provided in the Bonds and the Indenture, any Bond purchased by the Bank pursuant to this Agreement shall thereupon become a Purchased Bond and shall bear interest at the Purchased Bond Rate for the period commencing from the date that the Bank shall have purchased such Bond and continuing until such Purchased Bond is paid in full, remarketed as provided in Section 2.04(b), or retained by the Purchased Bondholder as provided in Section 2.04(c).

  • The Issuer shall pay Dexia interest at the Purchased Bond Rate on the amount of the Interest Component, if any, included in the Purchase Price from the Purchase Date until, and the Interest Component (together with interest thereon) shall be due and payable on, the earliest of (i) the Interest Payment Date next succeeding the Purchase Date, (ii) the date on which such Purchased Bonds are remarketed, paid at maturity or redeemed or (iii) the last day of the Purchase Period.

  • The Commission shall use its best efforts to cause the Remarketing Agent to remarket the Bonds at rates up to the Maximum Rate, even if the Maximum Rate exceeds what would be the Purchased Bond Rate.


More Definitions of Purchased Bond Rate

Purchased Bond Rate means the interest rate applicable from time to time to Purchased Bonds as determined in accordance with Section 2.2 of the Supplemental Resolution and as specified in Section 3.01 of this Agreement. The Purchased Bond Rate is defined as the “Bank Interest Rate” in the Supplemental Resolution. “Purchased Bondholder” means the Bank (in its capacity as owner (which shall include beneficial owner if the Bonds are Book-Entry Bonds) of Purchased Bonds pursuant to this Agreement) and any Assignee and other Person to whom the Bank has sold Purchased Bonds or beneficial interests therein pursuant to Section 2.04(a) hereof.
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Purchased Bond Rate means the rate per annum borne by the Purchased Bonds, determined in the Reimbursement Agreement.
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Purchased Bond Rate means the Bank Rate and the Term Loan Rate, as applicable.
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Related to Purchased Bond Rate

  • Reference Bond Rate means, with respect to any date of redemption, the rate per annum equal to the annual or semi-annual yield (as the case may be) to maturity or interpolated yield to maturity (on the relevant day count basis) of the Reference Bond, assuming a price for the Reference Bond (expressed as a percentage of its nominal amount) equal to the Reference Bond Price for such date of redemption;

  • Receivables Advance Rate shall have the meaning set forth in Section 2.1(a)(y)(i) hereof.

  • Bond Interest Rate means, with respect to any Tranche of Storm Recovery Bonds, the rate at which interest accrues on the Storm Recovery Bonds of such Series or Tranche, as specified in the Series Supplement.

  • Stripped Interest Rate For each Mortgage Loan, the excess, if any, of the Net Mortgage Rate for such Mortgage Loan over the Remittance Rate.

  • Assumed Interest Rate means the annual yield payable on the last day of the applicable Calculation Period on ten (10) year United States Treasury obligations in amounts approximating the outstanding principal balance of the Loan on the last day of the Calculation Period plus two hundred fifty (250) basis points per annum; provided, however, that the Assumed Interest Rate shall be not less than six percent (6.0%) per annum.

  • Class A-1 Interest Rate means [ ]% per annum (computed on the basis of the actual number of days elapsed during the applicable Interest Period, but assuming a 360-day year).

  • Collateral Interest Rate means the rate published in The Wall Street Journal as the “Prime Rate” from time to time (or, if more than one such rate is published, the arithmetic mean of such rates), or, if such rate is no longer published, a successor rate agreed to by Buyer and Seller, in each case determined as of the date the obligation to pay interest arises, but in no event more than the maximum rate permitted by applicable Law in transactions involving entities having the same characteristics as the Parties.

  • Cash Interest Rate means the Federal Funds Effective Rate - the rate for that day opposite the caption “Federal Funds (Effective)” as set forth in the weekly statistical release designated as H.15 (519), or any successor publication, published by the Board of Governors of the Federal Reserve System.

  • Mortgage Interest Rate The annual rate of interest borne on a Mortgage Note.

  • Capped Interest Rate is defined in the Note, if applicable.

  • Net Mortgage Interest Rate As to any Mortgage Loan and Distribution Date, such Mortgage Loan's Mortgage Interest Rate thereon on the first day of the month preceding the month of the related Distribution Date reduced by (i) the Servicing Fee Rate and (ii) the Trustee Fee Rate.

  • Class A-4 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Weighted Average Net Mortgage Interest Rate As to any Distribution Date, a rate per annum equal to the average, expressed as a percentage of the Net Mortgage Interest Rates of all Mortgage Loans that were Outstanding Mortgage Loans as of the Due Date in the month preceding the month of such Distribution Date, weighted on the basis of the respective Scheduled Principal Balances of such Mortgage Loans.

  • Note Interest Rate means a per annum rate equal to 0.06% in excess of LIBOR as determined by the Calculation Agent on the related LIBOR Determination Date with respect to each Interest Period.

  • Class A-3 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Delayed Payment Interest Rate means the national average annual rate of interest payable on jumbo six-month bank certificates of deposit, as quoted in the business section of the most recently published Sunday edition of The New York Times preceding the Executive’s separation from service.

  • Fixed Interest Rate means the annual interest rate of five and forty hundredths percent (5.40%).

  • Certificate Interest Rate With respect to each Class of Certificates and any Distribution Date, the applicable per annum rate set forth or described in the Preliminary Statement hereto.

  • Class A-1 Note Interest Rate means a rate per annum equal to 0.64000%.

  • Current Interest Bonds means Bonds of a Series the interest on which is payable at least annually.

  • Series 2019 Bonds means, collectively, the Series 2019A Bonds and the Series 2019B Bonds.

  • Floating Interest Rate means the variable annual interest rate calculated for each Interest Adjustment Period so as to equal the Index Rate for such Interest Adjustment Period (truncated at the 5th decimal place if necessary) plus the Margin. However, in no event will the Floating Interest Rate exceed the Capped Interest Rate.

  • Revolving Interest Rate means an interest rate per annum equal to (a) the sum of the Alternate Base Rate plus the Applicable Margin with respect to Domestic Rate Loans and (b) the sum of the Eurodollar Rate plus the Applicable Margin with respect to Eurodollar Rate Loans.