Remarketing Rate definition

Remarketing Rate means the percentage rate per year at which each Note will bear interest on and following the Reset Date.

Remarketing Rate means the interest rate or rates established pursuant to the Indenture and borne by the Bonds then Outstanding from and including each Remarketing Date to, but not including, the next succeeding Remarketing Date or the final Maturity Date of the Bonds, as applicable.

Remarketing Rate means the interest rate or rates established pursuant to Section 3.05(b) hereof and borne by the Bonds then Outstanding from and including a Mandatory Tender Date to but not including the next Mandatory Tender Date or the Maturity Date, as applicable.

Examples of Remarketing Rate in a sentence

• In no event shall the Remarketing Agent give its notice later than the Business Day following the day on which the Remarketing Agent makes its determination of the Remarketing Rate.

• Immediately upon determining the Remarketing Rate, the Remarketing Agent shall give notice to the other Remarketing Notice Parties.

• The Remarketing Rate and the Remarketing Period shall be conclusive and binding upon the Trustee, the Issuer, the Borrower and the Holders for the purposes of this Indenture.

• For each customer, the DFS Remarketing credit is calculated by multiplying the applicable DFS Remarketing Rate and the DFS Remarketing billing determinant.

• From and after the Mandatory Tender Date, the Unredeemed Bonds shall bear interest at the Remarketing Rate determined pursuant to this subsection.

More Definitions of Remarketing Rate

Remarketing Rate means the percentage rate per year at which each Note will bear interest after a successful remarketing of the Notes pursuant to the provisions of Section 5.4.

Remarketing Rate means the interest rate or rates established pursuant to the Indenture and borne by the Bonds then outstanding from and including the Mandatory Tender Date to, but not including, the immediately succeeding Mandatory Tender Date or the Maturity Date, as applicable.

Remarketing Rate means the interest rate or rates established pursuant to Section 2.01 and borne by the Bonds then Outstanding from and including each Remarketing Date to, but not including, the next succeeding Remarketing Date or the Funding Date, as applicable.

Remarketing Rate means the interest rate or rates established pursuant to Section 2.1 hereof and borne by the Bonds then Outstanding from and including each Remarketing Date to, but not including, the next succeeding Remarketing Date or the Conversion Date, as applicable.

Remarketing Rate means, in the event of a Remarketing, the annual distribution rate that enables a resale of the Preferred Securities at a price equal to at least 100.25% (after provision for the fee of the Remarketing Agent) of the Accreted Liquidation Amount thereof as of the Reset Date, plus accumulated distributions, if any, to the Reset Date.

Remarketing Rate means a rate per annum equal to the rate provided to the Corporation by the Remarketing Agent, as determined by the Remarketing Agent pursuant to the Remarketing Procedures (notwithstanding that such Remarketing Procedures relate to the Pass Through Trust Securities), which rate shall be less than the Maximum Rate.

Remarketing Rate means the annual distribution rate (or, if the Security Exchange has occurred, the rate of interest per annum) that enables the Preferred Securities (or the Subordinated Debentures) to be remarketed at a price that would result in payment of 100.25% of the Accreted Liquidation Amount per Preferred Security (or Accreted Principal Amount per Debenture), plus accrued distributions (or interest) thereon, if any, as of the Reset Date to the holders of Preferred Securities (or Debentures) that elected to participate in such Remarketing, after provision for payment of the fees of the Remarketing Agent.