Senior Note Interest Rate definition

Senior Note Interest Rate. A per annum rate equal to the Senior Note Applicable Interest Rate accrued on a daily basis on the then Outstanding Senior Note Amount.
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Senior Note Interest Rate means a rate of 3.4727% per annum.
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Senior Note Interest Rate means with respect to the Senior Notes of any Class, the annual rate at which interest accrues on the Senior Notes of the Class,
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Examples of Senior Note Interest Rate in a sentence

  • The Lease Trust will pay interest on this Senior Note at the rate per annum shown above (the "Senior Note Interest Rate") on each Payment Date until the principal of this Senior Note is paid or made available for payment, on the principal amount of this Senior Note outstanding on the preceding Payment Date (after giving effect to all payments of principal made on the preceding Payment Date).

  • The Taxable LIBOR Rate Series 1997-1 Senior Note Interest Rate (as defined in the First Supplemental Indenture) with respect to each series of Taxable LIBOR Rate Series 1997-1 Senior Notes will be determined by the Trustee from time to time as described in the First Supplemental Indenture to equal the One-Month LIBOR plus [____%] per annum with respect to the Series 1997-1I Notes and the One-Month LIBOR plus [____%] per annum with respect to the Series 1997- 1J Notes.

  • At the option of the Corporation, the method of determining the Series 1999-1 Senior Note Interest Rate for the Series 1999-1A [B] Notes is subject to Conversion on a Conversion Date from a Series 1999-1 Senior Note Auction Rate calculated on the basis of an Auction Period to a Series 1999-1 Senior Note Interest Rate calculated on the basis of another Interest Period.

  • The applicable Series 1999-1 Senior Note Interest Rate shall be effective as of and on the first day (whether or not a Business Day) of the applicable Interest Period and be in effect thereafter through the end of such Interest Period.

  • Each series of Series 1999-1 Senior Notes shall bear interest at a rate per annum equal to the applicable Series 1999-1 Senior Note Interest Rate (which, unless and until a Conversion occurs, shall be the Series 1999-1 Senior Note Auction Rate), and at the same rate per annum (to the extent that the payment of such interest shall be legally enforceable) on overdue installments of interest.

  • The "Senior Note Interest Rate" will be fixed at the Effective Date at a rate equal to the sum of: (a) the yield for actively traded U.S. Treasury securities having a maturity closest to seven years as of the day prior to the Effective Date, (b) the Bear Stearns BB Index Spread (as defined below) and (c) 100 basis points (i.e., 1.0%).

  • Additional Provisions Regarding the Series 1999-1 Senior Note Interest Rate........................................................................

  • Section 1.1 of the Series A Debentures is hereby amended to provide that each Series A Debenture shall bear interest on its outstanding principal amount from the date of the closing of the Senior Notes (the "Closing Date") until such Series A Debenture is converted, exchanged, redeemed or paid in full, at the Senior Note Interest Rate.

  • All New Notes redeemed during the 12-month period beginning on March 15 of the years indicated below will be redeemed at the corresponding redemption amount: Year Percentage ---- ---------- 2005 100.000% plus 1/2 of the Senior Note Interest Rate 2006 100.000% plus 3/8 of the Senior Note Interest Rate 2007 100.000% plus 1/4 of the Senior Note Interest Rate 2008 100.000% Makewhole Redemption.

  • Section 1.1 of the Series B Debentures is hereby amended to provide that each Series B Debenture shall bear interest on its outstanding principal amount from the Closing Date until such Series B Debenture is converted, exchanged, redeemed or paid in full, at the Senior Note Interest Rate.


More Definitions of Senior Note Interest Rate

Senior Note Interest Rate means with respect to the Senior Notes of any Class, the annual rate at which interest accrues on the Senior Notes of the Class, as specified in Section 2.1 of the Indenture and in the Senior Notes.
Sample 1
Senior Note Interest Rate means, with respect to the Senior Notes of any Class, the annual rate at which interest accrues on the Senior Notes of the Class, as specified in Section 2.1 of the Indenture and in the Senior Notes.
Sample 1

Related to Senior Note Interest Rate

  • Note Interest Rate means a per annum rate equal to 0.02% in excess of LIBOR as determined by the Calculation Agent on the related LIBOR Determination Date with respect to each Interest Period.

  • 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].

  • Class B 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].

  • Class C 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].

  • Class A-1 Note Interest Rate means a rate per annum equal to 0.64000%.

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

  • Class A-2 Note Interest Rate means a rate per annum equal to %.

  • Class A-1 Interest Rate means 0.48000% per annum (computed on the basis of the actual number of days elapsed during the applicable Interest Period, but assuming a 360-day year).

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

  • Class A-3 Note Interest Rate means a rate per annum equal to %.

  • Class B 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 [ ]% 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 E Interest Rate means 5.02% per annum (computed on the basis of a 360-day year of twelve 30-day months).

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

  • 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-2-B Interest Rate means LIBOR + 0.27% per annum (computed on the basis of the actual number of days elapsed during the applicable Interest Period, but assuming a 360 day year); provided, however, that for any Interest Period for which the sum of LIBOR + 0.27% is less than 0.00%, the Class A-2-B Interest Rate shall be deemed to be 0.00%.

  • 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.

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

  • Class A Note Rate means 2.97% per annum.

  • Base Interest Rate means Bank's initial cost of funding the Fixed Obligations. The Prepayment Fee is calculated as follows: First, Bank determines a "Current Market Rate" based on what the Bank would receive if it loaned the remaining amount on the prepayment date in a wholesale funding market matching maturity, remaining principal and interest amounts and principal and interest payment dates (the aggregate payments received are the "Current Market Rate Amount"). Bank may select any wholesale funding market rate as the Current Market Rate. Second, Bank will take the prepayment amount and calculate the present value of each remaining principal and interest payment which, without prepayment, the Bank would have received during the term of the Fixed Obligations using the Base Interest Rate. The sum of the present value calculations is the "Xxxx to Market Amount." Third, the Bank will subtract the Current Market Rate Amount from the Xxxx to Market Amount. Any amount greater than zero is the Prepayment Fee.

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

  • 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).

  • Class B Note Rate means % per annum, computed on the basis of a 360-day year consisting of twelve 30-day months.

  • Class A-2a Interest Rate means 0.45% per annum (computed on the basis of a 360-day year of twelve 30-day months).