Rate Conversion Date definition

Rate Conversion Date means the first date upon which the Holder is a person or entity other than any of SAF Funding, State Automobile Mutual Insurance Company, an Ohio mutual insurance company, any Lender party to the Credit Agreement or the Agent under the Credit Agreement.
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Rate Conversion Date means the date on which a Prime Rate Borrowing shall convert to a LIBOR Borrowing.
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Rate Conversion Date means , 2020, which date is 18 months from the Closing Date. “Rating Agency” means S&P or any other nationally recognized securities rating agency rating the Bonds, or such rating agency’s successors or assigns.
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Examples of Rate Conversion Date in a sentence

  • The Fixed Rate shall become effective on the Fixed Rate Conversion Date and shall remain in effect for the remaining term of the Bonds.

  • Such written notice of the Authority must be delivered not less than 30 nor more than 45 days prior to the proposed Fixed Rate Conversion Date to the Trustee, the Bond Insurer, the Registrar and Paying Agent and the applicable Remarketing Agent (and the Auction Agent and the Securities Depository in the case of any change to a Fixed Rate from an Auction Rate), in substantially the form attached hereto as, or containing substantially the information contained in, Exhibit A hereto.

  • A notice of conversion to a Fixed Rate shall be effective only if it is accompanied by the form of opinion that Bond Counsel expects to give on a Fixed Rate Conversion Date to the effect that the establishment of a Fixed Rate is authorized by this Indenture, is permitted under the Act and will not have an adverse effect on the exclusion of interest on such Bonds from gross income for federal income tax purposes.

  • No tender for purchase of any Bonds shall be required if a Fixed Rate Conversion Date shall have occurred with respect to such Bonds or if such Bonds have been converted to bear interest at an Auction Rate on a date prior to such date of expiration.

  • At all times on or prior to the Fixed Rate Conversion Date except during any period when all the Bonds then outstanding are held by or for the account of the Company, a Letter of Credit meeting the requirements of this Section 4.12 shall be in effect and, in the event that an Alternate Credit Facility is to replace an expiring Letter of Credit, the requirements of Section 6.07 of the Indenture will be fulfilled.

  • On or after the Fixed Rate Conversion Date and solely with respect to moneys not resulting from a draw on the Letter of Credit and not constituting remarketing proceeds, if money for the payment of principal, premium, if any, interest or Purchase Price remains unclaimed for two years, the Trustee will, upon request of the Company, pay the money to or for the account of the Company.

  • With respect to the Fixed Rate Period, the Remarketing Agents will set a rate (the "Fixed Rate") not later than 10:00 a.m. New York City time one Business Day prior to any Fixed Rate Conversion Date.

  • The Indexing Agent shall establish the Fixed Rate Index on or before the Business Day next preceding the Fixed Rate Conversion Date.

  • In the event the Authority, at the request of the Company, as herein provided, exercises its Option to Convert, the Bonds so converted shall cease to bear interest at the Adjustable Rate then borne by the Bonds and shall bear interest at a Fixed Rate until maturity or until the effective date of a Change in the Interest Rate Mode, subject to the terms and conditions hereof (the date on which a Fixed Rate shall take effect being herein called a "Fixed Rate Conversion Date").

  • Any Bond issued upon registration of transfer or exchange on or after any Fixed Rate Conversion Date shall contain a prominent legend on the face thereof, to be specified by the Authority and placed thereon by the Trustee, to the effect that the Letter of Credit has expired, that the Bonds are no longer entitled to the benefit of any Letter of Credit, that the Bonds are not subject to mandatory purchase by the Tender Agent and that the interest rate on the Bonds has been converted to a Fixed Rate.


More Definitions of Rate Conversion Date

Rate Conversion Date means , 2020, which date is 18 months from the Closing Date.
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Rate Conversion Date means a date on which the Rate Option and Interest Period applicable to one or more outstanding Advances, or portions thereof, is converted in accordance with Section 2.8.
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Rate Conversion Date shall have the meaning specified in Article 3(dd) of this Agreement.
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Rate Conversion Date the date a Loan is continued as, or converted to a Prime Rate Loan or a LIBOR Rate Loan pursuant to Subsection 2.3(d).
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Related to Rate Conversion Date

  • Conversion Date shall have the meaning set forth in Section 4(a).

  • Mandatory Conversion Date has the meaning set forth in Section 7(a).

  • Forced Conversion Date shall have the meaning set forth in Section 6(d).

  • Final Conversion Date means 5:00 p.m. in New York City, New York on the earlier to occur following the IPO of (i) the first Trading Day falling on or after the date on which the outstanding shares of Class B Common Stock represent less than ten percent (10%) of the aggregate number of shares of the then outstanding Class A Common Stock and Class B Common Stock, (ii) the tenth (10th) anniversary of the IPO or (iii) the date specified by affirmative vote of the holders of a majority of the outstanding shares of Class B Common Stock, voting as a single class.

  • Interest Conversion Rate means the lesser of (a) the Conversion Price or (b) 85% of the lesser of (i) the average of the VWAPs for the 10 consecutive Trading Days ending on the Trading Day that is immediately prior to the applicable Interest Payment Date or (ii) the average of the VWAPs for the 10 consecutive Trading Days ending on the Trading Day that is immediately prior to the date the applicable Interest Conversion Shares are issued and delivered if after the Interest Payment Date.

  • Term Loan Conversion Date means the Termination Date on which all Revolving Credit Advances outstanding on such date are converted into a term loan pursuant to Section 2.06.

  • Optional Conversion Date means, with respect to the Optional Conversion of any Convertible Preferred Stock, the first Business Day on which the requirements set forth in Section 10(d)(ii) for such conversion are satisfied.

  • Judgment Conversion Date as defined in subsection 10.8(a).

  • Automatic Conversion Date has the meaning specified in Section 13.14(a).

  • Continuation/Conversion Date means the date on which a Loan is converted into or continued as a LIBOR Rate Loan.

  • Interest Conversion Price means, with respect to any Interest Date, that price which shall be computed as 100.0% of the arithmetic average of the Weighted Average Price of the Common Stock on each of the ten (10) consecutive Trading Days immediately preceding the applicable Interest Date (each, an “Interest Measuring Period”). All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction during such period.

  • Interest Rate Change Date The date on which the Mortgage Interest Rate is subject to change as provided in the related Mortgage Note.

  • Applicable Conversion Rate means the Conversion Rate in effect at any given time.

  • Forced Conversion Amount means the sum of (a) 100% of the aggregate Stated Value then outstanding, (b) accrued but unpaid dividends and (c) all liquidated damages and other amounts due in respect of the Preferred Stock.

  • Default Conversion Price shall have the meaning set forth in Section 4(b).

  • Conversion Event means the cessation of use of (i) a Foreign Currency both by the government of the country which issued such currency and for the settlement of transactions by a central bank or other public institutions of or within the international banking community, (ii) the ECU both within the European Monetary System and for the settlement of transactions by public institutions of or within the European Communities or (iii) any currency unit (or composite currency) other than the ECU for the purposes for which it was established.

  • Mandatory Conversion shall have the meaning set forth in Section 6.

  • Change of Control Conversion Date shall have the meaning provided in the Articles Supplementary.

  • Date of Conversion Conversion Price:_______________________________________________________________ Shares To Be Delivered:_________________________________________________________ Signature:______________________________________________________________________ Print Name:_____________________________________________________________________ Address:________________________________________________________________________

  • Conversion/Continuation Date means the effective date of a continuation or conversion, as the case may be, as set forth in the applicable Conversion/Continuation Notice.

  • Fixed Conversion Rates means the Maximum Conversion Rate and the Minimum Conversion Rate.

  • Interest Rate Adjustment Date With respect to each Adjustable Rate Mortgage Loan, the date, specified in the related Mortgage Note and the related Mortgage Loan Schedule, on which the Mortgage Interest Rate is adjusted.

  • Daily Conversion Value means, for each of the 40 consecutive Trading Days during the relevant Observation Period, 2.5% of the product of (a) the Conversion Rate on such Trading Day and (b) the Daily VWAP on such Trading Day.

  • Interest Conversion Shares shall have the meaning set forth in Section 2(a).

  • Applicable Conversion Price means the Conversion Price in effect at any given time.