Remarketing Rate definition

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

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

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

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.
In the event of a Failed Remarketing in the second Remarketing Period, the Remarketing Agent will further attempt to establish such a Remarketing Rate on the third Business Day immediately preceding the Stock Purchase Date.
The Remarketing Agent shall not have any obligation to determine whether there is any limitation under applicable law on the Remarketing Rate on the Notes or, if there is any such limitation, the maximum permissible Remarketing Rate on the Notes, and it shall rely solely upon timely written notice from the Company pursuant to Section 2(a) hereof as to whether or not there is any such limitation and, if so, the maximum permissible Remarketing Rate.
If the Remarketing Agent cannot establish a Remarketing Rate meeting these requirements on either of those days, the remarketing in such period will be deemed to have failed (a "Failed Remarketing").
Immediately upon determining the Remarketing Rate, the Remarketing Agent shall give notice to the other Remarketing Notice Parties.

More Definitions of Remarketing Rate

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 the interest rate or rates established pursuant to Article III 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 2.02(c) and borne by the Bonds then Outstanding from and including each Remarketing Date to,

Remarketing Rate means the interest rate or rates established pursuant to Section 3.07(c) and borne by the Series 2025A-2 Bonds Outstanding from and including each Remarketing Date to, but not including, the next succeeding Remarketing Date or the final Bond Maturity Date of the Series 2025A-2 Bonds, 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 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 the Indenture and borne by the Bonds then Outstanding from and including the Mandatory Tender Date to the earlier of a new Mandatory Tender Date or the Maturity Date, as applicable, determined pursuant to the Indenture.