Variable Rate Interest Period definition

Variable Rate Interest Period means each Interest Period(t) falling outside of the Fixed Rate Period.

Variable Rate Interest Period means the period beginning on (and including) the Fixed Rate Interest Payment Date and ending on (but excluding) the first Variable Rate Interest Payment Date and each successive period beginning on (and including) a Variable Rate Interest Payment Date and ending on (but excluding) the next succeeding Variable Rate Interest Payment Date.

Variable Rate Interest Period means each of the periods commencing on the Variable period Interest Payment Date and ending on the day immediately preceding the next Variable Period Interest Payment Date. "Variable Rate Period" means the period from the date of issuance and delivery of the Bonds to and including the earlier of (i) the Conversion Date and (ii) the date the principal of and interest on the Bonds shall have been paid in full or provision shall have been made for the payment thereof in accordance with this Agreement. Any reference in this Agreement to the Borrower, the Issuer, the Trustee, the Bank, the Remarketing Agent, the Depositary or the Standby Bank shall include those which succeed to their functions, duties or responsibilities pursuant to or by operation of law or who are lawfully performing their functions. Any reference in this Agreement to any statute or law or chapter or section thereof shall include all amendments, supplements or successor provisions thereto. PART II: THE BONDS Article 3--the Bonds Section 301. Issuance of Bonds. The bonds shall be designated Vermont Industrial Development Authority Floating/Fixed Rate Industrial Revenue Bonds (Mount Snow Ltd. Issue--1984 Series); shall be numbered consecutively from R-1 upwards; shall be issued in fully registered form; shall mature on April 1, 1999, except as provided herein; shall be substantially in the form set forth in Exhibit 301 attached hereto, with such variations, omissions and insertions as are permitted or required hereby; and shall be dated as of October 1, 1984 if authenticated prior to the first Interest Payment Date and otherwise shall be dated as of the Interest Payment Date next preceding the date of their authentication; provided that if at the time of authentication interest thereon is in default, they shall be dated as of the date to which interest has been paid or if not interest has been paid, they shall be dated as of October 1, 1984. Unless otherwise requested by the Remarketing Agent pursuant to the Remarketing Agreement, the Bonds shall be issued initially to the Initial Purchase(s) as fully registered Bonds without coupons numbered R-1 through R-3, one of which shall be in the denomination of $1,000,000, one in the denomination of $600,000,

Examples of Variable Rate Interest Period in a sentence

• The Notes will pay interest at fixed rates during any Variable Rate Interest Period, which increase periodically during the life of the Notes by the Step-Up(t), as specified in the applicable Final Terms.

• Finally, the Rate of Interest in respect of any Variable Rate Interest Period will be capped at the Cap(t), which is specified in the applicable Final Terms.

• The Notes will bear interest at a variable Rate of Interest during any Variable Rate Interest Period, equal to the Fix(t), as specified in the applicable Final Terms, minus the Underlying Rate(t) (multiplied by a Multiplier(t) specified in the applicable Final Terms), which will be subject to market fluctuations.

• The Notes will pay interest at fixed rates during any Variable Rate Interest Period, which decrease periodically during the life of the Notes by the Step-Down(t), as specified in the applicable Final Terms.

• In the event that the Borrower elects to commingle Litigation Recoveries with Borrower’s other cash resources, all such funds shall be deemed Collateral as security for the Loan.

• The Agent Bank will calculate the Interest Amount payable on the Variable Rate Notes in respect of each Specified Denomination for the relevant Variable Rate Interest Period.

• The resultant rate is referred to here as the “Range Accrual Rate”.The Rate of Interest applicable to any Variable Rate Interest Period will be the sum of the Inverse Range Accrual Rate and the Range Accrual Rate.The Rate of Interest in respect of any Variable Rate Interest Period will be capped at the Cap(t), which is specified in the applicable Final Terms.

• Install water pipe and sleeve without damaging structures or causing settlement or movement of foundations or footings.

• The Calculation Agent will cause the Variable Interest Rate and the Variable Rate Interest Amount for each Variable Rate Interest Period and the relevant Variable Rate Interest Payment Date to be notified to the Issuer, the Fiscal Agent and the Luxembourg Stock Exchange and the Calculation Agent will cause publication thereof in accordance with Condition 11 as soon as possible after their determination but in no event later than the fourth TARGET Business Day thereafter.

• If the applicable Pricing Supplement specifies a Minimum Rate of Interest for any Variable Rate Interest Period, then, in the event that the Rate of Interest in respect of such Variable Rate Interest Period determined in accordance with the provisions of paragraph (ii) above is less than such Minimum Rate of Interest, the Rate of Interest for such Variable Rate Interest Period shall be such Minimum Rate of Interest.