Reset Rate means, in connection with each Remarketing, the rate per annum (as determined by the Remarketing Agent(s) in consultation with the Company pursuant to the Remarketing Agreement) rounded to the nearest one thousandth (0.001) of one percent that the Notes shall bear.
Reset Rate has the meaning specified in Section 2(d).
Reset Rate has the meaning set forth in the Remarketing Agreement.
Examples of Reset Rate in a sentence
This Security is one of a series designated as the 7.125% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2054 of the Partnership, in an initial aggregate principal amount of $400,000,000 (the “Securities”).
Reset Rate Junior Subordinated Notes due 2054 This Security is one of a duly authorized issue of debentures, notes or other evidences of indebtedness of the Partnership (the “Debt Securities”) of the series hereinafter specified, all issued or to be issued under and pursuant to the Indenture, to which Indenture reference is hereby made for a description of the rights, limitations of rights, obligations, duties and immunities thereunder of the Trustee, the Partnership and the Holders of the Debt Securities.
More Definitions of Reset Rate
Reset Rate has the meaning set forth in Section 1.02(e) of the Supplemental Indenture.
Reset Rate means the Coupon Rate to be in effect for the Debentures on and after the Reset Effective Date and determined as provided in Section 4.1.
Reset Rate has the meaning specified in Section 2(d) of this Agreement.
Reset Rate has the meaning set forth in the Declaration.
Reset Rate means the distribution rate per annum (to be determined by the Reset Agent), equal to the sum of (X) the Reset Spread and (Y) the rate of interest on the Two-Year Benchmark Treasury in effect on the third Business Day immediately preceding Purchase Contract Settlement Date, that the Preferred Securities should bear in order for the Preferred Securities to have an approximate market value of [ %] of their aggregate liquidation amount on the third Business Day immediately preceding the Purchase Contract Settlement Date; provided, that the Sponsor may limit such Reset Spread to be no higher than [ ] basis points [ %].
Reset Rate means (A) if Mid-Swap Rate is specified in the applicable Final Terms, the relevant Mid-Swap Rate, or (B) if Reference Bond Rate is specified in the applicable Final Terms, the relevant Reference Bond Rate;
Reset Rate has the meaning set forth in Section 2.1(p).