Qualifying Interest Rate definition

Qualifying Interest Rate. ; "Qualifying Interest Rate Spread"; "Qualifying Refinancing"; and "Refinancing Mandate Request Letter"
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Qualifying Interest Rate means an interest rate equal to or less than the sum of the Qualifying Interest Rate Spread plus the average yield to stated maturity of the United States Treasury Notes or Bonds corresponding in maturity to the remaining weighted average life of the Certificates (as customarily determined), as quoted on the Telerate U.S. Treasury and Money Markets page 678 (or any successor page) the Business Day prior to the date of the Failed Refinancing Notice and as specified by Lessee in the Failed Refinancing Notice. If no possible maturity corresponds to such weighted average life to maturity, yields for the two most closely corresponding published maturities shall be interpolated on a straight-line basis.
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Examples of Qualifying Interest Rate in a sentence

  • No Loan Party shall designate any of its Indebtedness as "Designated Senior Indebtedness" for purposes of the 1997 Subordinated Note Indenture except Indebtedness incurred pursuant to this Agreement, the other Loan Documents, or Qualifying Interest Rate Hedging Agreements.

  • Without limiting the generality of the foregoing, each Lender party to a Qualifying Interest Rate Hedging Agreement acknowledges that it is familiar with the provisions set forth in Section 2.3 of the Collateral Agency Agreement.

  • Genesis shall, from time to time, enter into one or more Qualifying Interest Rate Hedging Agreements to the extent necessary to ensure that at all times at least 30% of the Consolidated Funded Indebtedness of the Borrowers effectively bears, or is capped at, a fixed interest rate.

  • Without limiting the generality of the foregoing, each Lender party to a Qualifying Interest Rate Hedging Agreement acknowledges that it is familiar with the provisions set forth in Section 2 of the Pledge Agreement.

  • No Borrower shall designate any of its Indebtedness as "Designated Senior Indebtedness" for purposes of the 1995 Subordinated Note Indenture or 1996 Subordinated Note Indenture except Indebtedness incurred pursuant to this Agreement, the other Loan Documents, Qualifying Interest Rate Hedging Agreements or the Synthetic Lease Facility.

  • The attached Qualifying Interest Rate Hedging Agreement is hereby deemed the "Swap Agreement" referred to in such Collateral Agency Agreement.

  • The Borrower agrees, if the Hedging Condition shall exist and if requested by the Agent, and in any case in consultation with the Agent, to procure and maintain in effect, for so long as such Hedging Condition shall continue to exist, Qualifying Interest Rate ▇▇▇▇▇▇ in respect of the Pledged Receivables.

  • The Borrower hereby collaterally assigns to the Agent, for the benefit of the Secured Parties, all of the Borrower’s right and title to and interest in, to and under (but not any obligations under) the Purchase and Contribution Agreement, each Qualifying Interest Rate Hedge and all other agreements, documents and instruments related to any of the foregoing (collectively the “Assigned Documents”).

  • The Borrower agrees, if the Hedging Condition shall exist and if requested by the Agent, and in any case in consultation with the Agent, to procure and maintain in effect, for so long as such Hedging Condition shall continue to exist, Qualifying Interest Rate H▇▇▇▇▇ in respect of the Pledged Receivables.

  • The attached Qualifying Interest Rate Hedging Agreement, including all schedules, confirmations and transaction supplements thereto and attached hereto, is true, correct and complete and contains the entire agreement of the Swap Party and Genesis relating to the subject matter thereof.