TIFIA Interest Rate definition

TIFIA Interest Rate has the meaning provided in Section 6 (Interest Rate). “XXXXX Xxxxxx” has the meaning provided in the preamble hereto.

TIFIA Interest Rate has the meaning provided in Section 6.

TIFIA Interest Rate means % per annum.

Examples of TIFIA Interest Rate in a sentence

• DEFAULT RATE If the Borrower fails to pay when due interest on or principal of the TIFIA Loan, the Borrower shall pay interest on such overdue amount from its due date to the date of actual payment at an interest rate of 200 basis points (2.00%) above the TIFIA Interest Rate (the “Default Rate”).

• The first bar chart (TIFIA, Interest Rate 4 percent) is the assumption used in Scenario 4, as previously explained.

• The Borrower shall fail to redeem any Interim Construction Financing within one hundred twenty (120) days (or such other number of days as the TIFIA Lender may agree to in writing) after the date on which the interest rate on such Interim Construction Financing exceeds the TIFIA Interest Rate.

• As evidence of the Borrower’s obligation to repay the TIFIA Loan, the Borrower shall execute and deliver to the TIFIA Lender, on or prior to the Effective Date, the TIFIA Note substantially in the form of Exhibit A, having a maximum principal amount not to exceed $250,289,625 (excluding capitalized interest) and bearing interest at the TIFIA Interest Rate.

• When Measure I Backstop and Measure I Cash Supplement amounts are deposited into the Toll Revenue Fund, such investment begins accruing interest at the TIFIA Interest Rate plus 1.25%, compounded semi-annually, on a 360 day/30 day month basis, on each Calculation Date until paid.

• Upon a partial prepayment of the principal of the TIFIA Loan, the remaining debt service payments hereunder will be recalculated on a pro rata basis to be an amount sufficient to amortize the remaining Outstanding TIFIA Loan Balance at the TIFIA Interest Rate over the period ending by no later than the Final Maturity Date and the resulting debt service payments will be reflected in a revised Exhibit G.

• Measure I Investment amounts deposited to the Toll Revenue Fund shall accrue interest at the TIFIA Interest Rate plus 1.25%, compounded semi-annually, on a 360 day/30 day month basis, on each Calculation Date until repaid to the Borrower.

More Definitions of TIFIA Interest Rate

TIFIA Interest Rate means 2. % per annum. Section 202. The “Interest Rate” noted at the top of the TIFIA Series 2016 Bond Form in Exhibit A of the Second Supplemental Resolution is hereby amended by the deletion of the number “2.88%” and replacing the same with the number “2. %).