Rate Set Date definition

Rate Set Date means, (1) with reference to any Eurodollar Rate Loan, (i) the date on which the initial rate applicable to such Loan is set and (ii) (a) in the case of Loans with Interest Periods of 3 months or less, the date of commencement of each successive Interest Period for such Loan and (b) in the case of Loans with Interest Periods of greater than 3 months, the date which is the end of each successive 3-month period, (2) with reference to any Floating Rate Loan and the Applicable Commitment Fee Rate, the Closing Date and the first Business Day of each calendar quarter thereafter, (3) with respect to all Loans, the date on which any change in a Status occurs and (4) notwithstanding the foregoing, during such time when the Index is unavailable, as further described in Section 3.3(b).

Rate Set Date means, for any Series of Senior Notes, the date two Business Days prior to the Issuance Date of such Series of Notes.

Rate Set Date means the date on which the Issuer announces the Interest Rate for the first Calculation Period in accordance with the applicable Offer Documents.

Examples of Rate Set Date in a sentence

• Each Rate is adjusted, on 1 January, 1 April, 1 July and 1 October in each year commencing on the first such date to occur after the Rate Set Date (each an Adjustment Date), by multiplying it by the Escalation Factor.

• If the Closing Date is extended, the Rate Set Date, the Issue Date, the expected date of initial quotation and trading of the Bonds on the NZX Debt Market, the Interest Payment Dates and the Maturity Date may also be extended.

• Swap rates change to reflect market conditions over time.To calculate the Fixed Rate for the Notes, the 6 Year Swap Rate will be determined by IAG (in consultation with the Arranger) on the Rate Set Date and adjusted as necessary to a quarterly rate.The 6 Year Swap Rate, adjusted to a quarterly rate, as at 2 May 2016 was 2.64% per annum.

• The Fixed Rate will be determined on the Rate Set Date (18 May 2016) and announced via NZX on or before the Opening Date.From the First Optional Redemption Date, the interest rate will be the Floating Rate.

• The actual Issue Margin (which may be above, below or within the announced indicative Issue Margin range) will be announced by Heartland via NZX on or about the Rate Set Date.

More Definitions of Rate Set Date

Rate Set Date means the first day of the Quarterly Payment Period.

Rate Set Date means the "Rate Set Date" specified in Section 2, "Important Dates". "RBNZ" means the Reserve Bank of New Zealand.

Rate Set Date means the date specified as such in the LDD.

Rate Set Date means the date following the Bookbuild and preceding the Offer on which the Issuer announces the Margin and the Interest Rate for the first Calculation Period.

Rate Set Date in relation to an Accrual Period means the first day of that Accrual Period.

Rate Set Date in relation to an Accrual Period means the first day of the relevant Accrual Period.

Rate Set Date means the date specified as such in the PDS.