Rate Reset Date means the earlier to occur of (A) the consummation of the remarketing of the Initial Shares (as such term is defined in the Remarketing Agreement), which is expected to be on or about the third Trading Day following the Successful Repricing Date, and (B) the date of a Failed Remarketing.
Rate Reset Date means the first Business Day of each calendar month; provided, however, that with respect to any Revolving Loan made on the Effective Date or on any date other than the first Business Day of a calendar month, “Rate Reset Date” also means the Effective Date or the date of such Revolving Loan, as applicable.
Rate Reset Date means, with respect to any fiscal quarter or fiscal year, the earlier of (x) the date on which the Borrower delivers the certificate referred to in Section 5.01(c) (a "Compliance Certificate") in respect of such fiscal quarter or fiscal year, as the case may be, and (y) the date on which the Borrower is required to have delivered the financial statements under Section 5.01(a) or (b) in respect of such fiscal quarter or fiscal year, as the case may be (provided that the first Rate Reset Date shall be determined by reference to the fiscal quarter of the Borrower ending on October 30, 1997); and (iii) "Interest Coverage Ratio" means, for any Rate Period, the ratio of Consolidated EBITDA for the period of four fiscal quarters of the Borrower ending on or most recently prior to the first day of such Rate Period to Consolidated Interest Expense for such period of four consecutive fiscal quarters. Anything in this Agreement to the contrary notwithstanding, but subject to Section 2.12(d), the Applicable Rate shall be (i) the applicable rate provided for in Tier V in the table set forth above in this definition (x) during any period when an Event of Default shall have occurred and be continuing, or (y) if the applicable Compliance Certificate shall not be delivered within the time that the applicable financial statements are required to be delivered by Section 5.01(a) or (b), as the case may be (but only, in the case of this clause (y), with respect to the portion of such Rate Period prior to the delivery of such Compliance Certificate) and (ii) subject to the preceding clause (i), the applicable rate provided for in Tier III in the table set forth above in this definition during the first Rate Period.
Examples of Rate Reset Date in a sentence
The Note will be dated the Dated Date and will bear interest on the outstanding principal amount as follows: (i) from the Dated Date through the Rate Reset Date, at a fixed rate of % per annum, based on an 30/360 day year formulation; and (ii) from the Rate Reset Date through the Maturity Date, an adjusted rate equal to the Interest Rate Reset.
More Definitions of Rate Reset Date
Rate Reset Date with respect to any Note, shall have the meaning set forth in such Note.
Rate Reset Date means December 1, 2027.
Rate Reset Date means the earlier of (i) the date of the consummation of the remarketing of the Initial Shares (which is expected to be on or about the third Trading Day following the Successful Repricing Date) or (ii) the date the Remarketing Agents notify El Paso, the Share Trustee, Investor and the Indenture Trustee of a Failed Remarketing in accordance with Section 8(g) of the Remarketing Agreement.
Rate Reset Date means the first day of each month; provided that if the Rate Reset Date in any particular month would otherwise fall on a day that is not a Business Day then, at the Bondholder’s option, the Rate Reset Date for that particular month will be the first Business Day immediately following thereafter.”
Rate Reset Date has the meaning specified in Section 1.01 of the Indenture.