Variable Interest Rate Bond definition

Variable Interest Rate Bond means any Bond which bears a Variable Interest Rate; provided, however, that a Bond the interest rate on which shall have been fixed for the remainder of the term thereof shall no longer be a Variable Interest Rate Bond.
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Variable Interest Rate Bond means, for any period of time, any Parity Bond or Junior
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Variable Interest Rate Bond means, for any period of time, any Parity Bond that
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Examples of Variable Interest Rate Bond in a sentence

  • For purposes of Sections 4.01(a)(i) and (ii) in estimating the interest to accrue on a Variable Interest Rate Bond after the end of the then current rate period, the Authority shall assume that interest will accrue on such Variable Interest Rate Bond from and after the last day of such rate period at a constant rate per annum equal to the rate at which it then bears interest, plus one percent (1%) per annum.

  • An understanding of the mechanism of this emission has led to an understanding of the role of each ligand in II–VI semiconductors [46].


More Definitions of Variable Interest Rate Bond

Variable Interest Rate Bond means any Senior Bond or Subordinate Bond that bears a Variable Interest Rate; provided, however, that from and after the date on which the interest rate on such Senior Bond or Subordinate Bond shall have been fixed for the remainder of the term thereof, such Senior Bond or Subordinate Bond shall no longer be a Variable Interest Rate Bond. (Indenture Section 1.01) Summary of Certain Provisions of the IndentureThe following is a summary of certain provisions of the Indenture. Such summary does not purport to be complete and reference is made to the Indenture for full and complete statements of such and all provisions.Granting ClauseIn order to secure the payment of the principal and Redemption Price of and interest on the Bonds and the performance and observance of all of the covenants and conditions contained in the Indenture or in the Bonds, the Corporation has executed and delivered the Indenture and has conveyed, granted, assigned, transferred, pledged, set over and confirmed and granted a security interest in, to the Trustee, its successor or successors and its or their assigns forever, with power of sale, all and singular, the following real and personal property (such property sometimes referred to as the “Trust Estate”):
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Variable Interest Rate Bond means any Senior Bond or Subordinate Bond that bears a Variable Interest Rate; provided, however, that from and after the date on which the interest rate on such Senior Bond or Subordinate Bond shall have been fixed for the remainder of the term thereof, such S enior Bond or Subordinate Bond shall no longer be a Variable Interest Rate Bond.
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Related to Variable Interest Rate Bond

  • Variable Interest Rate means any interest rate that does not qualify as a fixed credit interest rate;

  • Variable Rate Bonds means Current Interest Bonds, which may be either Serial Bonds or Term Bonds, issued with a variable, adjustable, convertible or other similar interest rate which is not fixed in percentage for the entire term thereof at the date of issue, which Bonds may also be Option Bonds. Section 102.Rules of Construction. Words of the masculine gender shall be deemed and construed to include correlative words of the feminine and neuter genders. Unless the context shall otherwise indicate, the words "Bond," "Escrow Agent," "Owner," "person," "Paying Agent," and "Bond Registrar" shall include the plural as well as the singular number and the word "person" shall mean any individual, corporation partnership, joint venture, association, joint stock company, trust, unincorporated organization or government or any agency or political subdivision thereof. All references to applicable provisions of Law shall be deemed to include any and all amendments thereto.

  • Fixed Rate Note means a Note on which interest is calculated at a fixed rate payable in arrear on a fixed date or fixed dates in each year and on redemption or on such other dates as may be agreed between the Issuer and the relevant Dealer(s) (as indicated in the applicable Final Terms);

  • 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.

  • Floating Rate Note means a Note on which interest is calculated at a floating rate, payable in arrear on one or more Interest Payment Dates in each year as may be agreed between the Issuer and the relevant Dealer, as indicated in the applicable Final Terms;

  • Interest Rate Contract means any interest rate swap agreement, interest rate cap agreement, interest rate floor agreement, interest rate collar agreement, interest rate option or any other agreement regarding the hedging of interest rate risk exposure executed in connection with hedging the interest rate exposure of any Person and any confirming letter executed pursuant to such agreement, all as amended, restated, supplemented or otherwise modified from time to time.

  • Floating Rate Security means a Debt Security that provides for the payment of interest at a variable rate determined periodically by reference to an interest rate index specified pursuant to Section 2.03.

  • Reference Interest Rate means the following rate (expressed as a percentage rate per annum) for deposits in the currency of the Strike Price: the Reference Interest Rate specified in the Table which has been published on the screen page specified in the Table (the "Screen