Senior Interest Rate definition

Senior Interest Rate means (i) for the Senior Notes of Series 7138, in respect of Tranche A-1 thereof, 3.924% per annum and, in respect of Tranche A-2 thereof, Not Applicable, and (ii) for the Senior Notes of Series 7207, in respect of Tranche A-1 thereof, 3.934% per annum and, in respect of Tranche A-2 thereof, Not Applicable plus, in either case, if the Issuance Date for such Series falls in a month that is two or more months after the Scheduled Delivery Month for the Designated Aircraft relating to such Series, 0.01% for each month after such second month.
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Senior Interest Rate means a rate per annum equal to the sum of the Floating Rate and the Senior Margin
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Senior Interest Rate means, at any time, the interest rate payable by the Borrower under the Senior Credit Agreement on Senior Prime Rate Loans at such time if the Borrower had elected to pay interest based on the CAD Prime Rate plus the then applicable margin above the CAD Prime Rate under the Senior Credit Agreement; provided that if the loans under the Senior Credit Agreement are repaid in full and the Senior Credit Agreement is terminated, or if any other reason, the Senior Interest Rate as hereinbefore defined is not available to the Agent, the Senior Interest Rate for the purposes of this Agreement will be the last available Senior Interest Rate based on the foregoing definition;
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Examples of Senior Interest Rate in a sentence

  • In addition, the First General Partner has entered into the Senior Interest Rate Hedging Transaction on behalf of the Borrowers pursuant to the Senior Interest Rate Hedging Agreement in order to mitigate the Interest Rate Risk and each of the Borrowers are guarantors in respect of the First General Partner's liabilities under the Senior Interest Rate Hedging Transaction.

  • The ratings of the Notes are dependent upon, among other things, the short-term, unsecured, unsubordinated debt ratings of the Senior Interest Rate Hedging Provider, the Liquidity Facility Provider, the Basis Swap Provider and the Account Bank (all of which are required to have a minimum rating ascribed to them).

  • Prior to Ardea, Alex was a Senior Interest Rate Strategist at National Australia Bank in Sydney and a Fixed Income Strategist at the Commonwealth Bank of Australia in Sydney and London.

  • Changes in the Senior Interest Rate will cause an immediate adjustment of the interest rate applicable to the Borrowings without the necessity of any notice to the Borrower.

  • Each Subsidiary Guarantor unconditionally guarantees, jointly with the other Subsidiary Guarantors and severally, as a primary obligor and not merely as a surety, the due and punctual payment of, and the due and punctual performance of, the Senior Bank Obligations and the 10.50% Note Obligations (together, the "Senior Obligations") and all obligations of the Borrower under any Senior Interest Rate Agreement.

  • The rate of interest payable from time to time in respect of the Senior Notes (the "Senior Interest Rate") for each Interest Period shall be the aggregate of the Relevant Margin (as defined below) and the Benchmark Rate or, at the election of the Senior Noteholders acting unanimously, the Cost of Funds Rate for such Interest Period.


More Definitions of Senior Interest Rate

Senior Interest Rate means, for any Interest Period, an interest rate per annum equal to the LIBO Rate; PROVIDED, HOWEVER, if the Senior Lender has assigned the Senior Advances to the Liquidity Providers, "SENIOR INTEREST RATE" shall mean an interest rate per annum equal to the LIBO Rate PLUS one percent (1%); ALSO PROVIDED, that (i) if an Advance is made hereunder on any day other than the last day of an Interest Period, the "SENIOR INTEREST RATE" applicable to the Advance shall be the Alternate Base Rate in effect from time to time until the end of the then applicable Interest Period; (ii) in the case of any Interest Period of less than one month, the "SENIOR INTEREST RATE" for such Interest Period shall be the Alternate Base Rate in effect during such Interest Period unless the Agent and the Borrower agree in writing to a different rate; (iii) if it shall become unlawful for KeyBank to obtain funds in the London interbank market in order to make, fund or maintain any Advance hereunder or deposits in dollars (in the applicable amounts) are not being offered by KeyBank in the London interbank market then the "SENIOR INTEREST RATE" for any Interest Period shall be calculated using an interest rate per annum equal to the Alternate Base Rate; and (iv) following the occurrence of any Event of Termination or if the Senior Note (at any time after it is initially rated A- by a Rating Agency) is rated below A- by such Rating Agency, the "SENIOR INTEREST RATE" for each Interest Period shall be the sum of the applicable interest rate per annum determined pursuant to provisions set forth above plus one and one-half percent (1.5%) per annum.
Sample 1
Senior Interest Rate means an interest rate per annum equal to the LIBO Rate PLUS one percent (1%); ALSO PROVIDED, that (i) if an Advance is made hereunder on any day other than the last day of an Interest Period, the "SENIOR INTEREST RATE" applicable to the Advance shall be the Alternate Base Rate in effect from time to time until the end of the then applicable Interest Period; (ii) in the case of any Interest Period of less than one month, the "SENIOR INTEREST RATE" for such Interest Period shall be the Alternate Base Rate in effect during such Interest Period unless the Agent and the Borrower agree in writing to a different rate; (iii) if it shall become unlawful for KeyBank to obtain funds in the London interbank market in order to make, fund or maintain any Advance hereunder or deposits in dollars (in the applicable amounts) are not being offered by KeyBank in the London interbank market then the "SENIOR INTEREST RATE" for any Interest Period shall be calculated using an interest rate per annum equal to the Alternate Base Rate; and (iv) following the occurrence of any Event of Termination or if the Senior Note (at any time after it is initially rated A- by a Rating Agency) is rated below A- by such Rating Agency, the "SENIOR INTEREST RATE" for each Interest Period shall be the sum of the applicable interest rate per annum determined pursuant to provisions set forth above plus one and one-half percent (1.5%) per annum.
Sample 1
Senior Interest Rate means, with respect to a Loan on any day, an interest rate per annum equal to the sum of the Senior Interest Margin plus the Adjusted LIBO Rate for such Interest Period; provided, however, that:
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Related to Senior Interest Rate

  • LIBOR Interest Rate means, for each LIBOR Loan for the relevant Interest Period, the rate per annum (rounded upward, if necessary, to the nearest one-sixteenth of 1%) determined by the Agent to be equal to the quotient of (a) the London Interbank Offered Rate for such LIBOR Loan for such Interest Period divided by (b) one minus the Eurocurrency Reserve Requirement for such Interest Period.

  • Lower-Tier Interest Rate As described in the Preliminary Statement.

  • Class A Interest Rate has the meaning assigned to such term in the Indenture.

  • Class A-1 Interest Rate means 0.75000% per annum (computed on the basis of the actual number of days elapsed, but assuming a 360-day year).

  • Class A-4 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class C Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A-3 Interest Rate means 1.49% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class E Interest Rate means 4.99% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class B Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Loan Interest Rate means, as to any Loan, the annual rate of interest specified in the Loan.

  • Note Interest Rate means a per annum rate equal to 0.06% in excess of LIBOR as determined by the Calculation Agent on the related LIBOR Determination Date with respect to each Interest Period.

  • Floating Interest Rate means: (a) initially Three-Month Term SOFR (as defined below). (b) Notwithstanding the foregoing clause (i) of this Section 2(b): (i) If the Calculation Agent, determines prior to the relevant Floating Interest Determination Date that a Benchmark Transition Event and its related Benchmark Replacement Date (each of such terms as defined below) have occurred with respect to Three-Month Term SOFR, then the Company shall promptly provide notice of such determination to the Holders and Section 2(c) (Effect of Benchmark Transition Event) will thereafter apply to all determinations, calculations and quotations made or obtained for the purposes of calculating the Floating Interest Rate payable on the Subordinated Notes during a relevant Floating Interest Period. (ii) However, if the Calculation Agent, determines that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred with respect to Three-Month Term SOFR, but for any reason the Benchmark Replacement has not been determined as of the relevant Floating Interest Determination Date, the Floating Interest Rate for the applicable Floating Interest Period will be equal to the Floating Interest Rate on the last Floating Interest Determination Date for the Subordinated Notes, as determined by the Calculation Agent (as defined below). (iii) If the then-current Benchmark is Three-Month Term SOFR and any of the foregoing provisions concerning the calculation of the interest rate and the payment of interest during the Floating Interest Period are inconsistent with any of the Three-Month Term SOFR Conventions determined by the Company, then the relevant Three-Month Term SOFR Conventions will apply.

  • Stripped Interest Rate For each Mortgage Loan, the excess, if any, of the Net Mortgage Rate for such Mortgage Loan over the Remittance Rate.

  • Component Interest Rate Not applicable.

  • Class D Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Prime Interest Rate means the publicly quoted variable annual basic rate of interest, published from time to time by the bankers of FUNDI as being their prime rate and as certified by the auditors of FUNDI, whose appointment it shall not be necessary to prove. Details of such bankers will be provided to the Applicant when so requested in writing.

  • Class A-2a Interest Rate means [●]% per annum (computed on the basis of a 360-day year consisting of twelve 30-day months).

  • Mortgage Interest Rate For any Mortgage Loan, the per annum rate at which interest accrues on such Mortgage Loan pursuant to the terms of the related Mortgage Note.

  • Class A-2-A Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Certificate Interest Rate With respect to each Class of Certificates and any Distribution Date, the applicable per annum rate set forth or described in the Preliminary Statement hereto.

  • Class A-2b Interest Rate means LIBOR + 0.16% per annum (computed on the basis of the actual number of days elapsed, but assuming a 360-day year).

  • PIK Interest Rate means (a) in respect of any Interest Period, the Additional Tax Payer Protection Rate plus (b) in respect of any Interest Period ending on or prior to the first anniversary of the date hereof, the Adjusted LIBO Rate plus the Applicable Rate.

  • Class A Note Interest Rate means a per annum rate of [ ]% [in excess of LIBOR as determined on the LIBOR Determination Date for the applicable Interest Period].

  • Reserve Interest Rate With respect to any Interest Determination Date, the rate per annum that the Trustee determines to be either (i) the arithmetic mean (rounded upwards if necessary to the nearest whole multiple of 1/16%) of the one-month U.S. dollar lending rates which New York City banks selected by the Trustee are quoting on the relevant Interest Determination Date to the principal London offices of leading banks in the London interbank market or (ii) in the event that the Trustee can determine no such arithmetic mean, the lowest one-month U.S. dollar lending rate which New York City banks selected by the Trustee are quoting on such Interest Determination Date to leading European banks.

  • Annual Interest Rate in accordance with the rate applicable to the equal instalment financing plan in effect on the conversion date, up to a maximum of 19.90%.

  • Exchange Note Interest Rate has the meaning stated in Section 2.2(a)(vi) of the Exchange Note Supplement.