Variable Rate Note definition

Variable Rate Note means a Note in respect of which the amount of interest payable is calculated by reference to Condition 5(f).

Variable Rate Note means a Note bearing interest at the Taxable SOFR Index Rate or the Tax-Exempt SOFR Index Rate.

Variable Rate Note means any of the Class I-A Notes, the Class II-A-1 Notes, the Class B-2 Notes, the Class B-3 Notes and the Variable Funding Notes.

Examples of Variable Rate Note in a sentence

• Unless previously redeemed or purchased and cancelled as provided below, this Note will be redeemed at its Redemption Amount on the Maturity Date shown on its face (if this Note is shown on its face to be a Fixed Rate Note, Hybrid Note (during the Fixed Rate Period) or Zero Coupon Note) or on the Interest Payment Date falling in the Redemption Month shown on its face (if this Note is shown on its face to be a Floating Rate Note, Variable Rate Note or Hybrid Note (during the Floating Rate Period)).

• The Issuer will procure that, so long as any Floating Rate Note, Variable Rate Note or Hybrid Note remains outstanding, there shall at all times be three Reference Banks (or such other number as may be required) and, so long as any Floating Rate Note, Variable Rate Note, Hybrid Note or Zero Coupon Note remains outstanding, there shall at all times be an Agent Bank.

• The amount of interest payable per Calculation Amount in respect of any Floating Rate Note, Variable Rate Note or (where applicable) Hybrid Note shall be calculated by multiplying the product of the Rate of Interest and the Calculation Amount, by the Day Count Fraction shown on the Note and rounding the resultant figure to the nearest sub-unit of the Relevant Currency.

• The Issuer will procure that, so long as any Floating Rate Note, Variable Rate Note or Hybrid Note remains outstanding, there shall at all times be three Reference Banks (or such other number as may be required) and, so long as any Floating Rate Note, Variable Rate Note, Hybrid Note or Zero Coupon Note remains outstanding, there shall at all times be a Calculation Agent.

• Variable Rate Note, which has an established reset date, therefore defining the effective maturity as the next reset date.

More Definitions of Variable Rate Note

Variable Rate Note means the promissory note provided for in Section 2.02(a) hereof and all promissory notes delivered in substitution or exchange therefor, in each case as the same shall be modified and supplemented and in effect from time to time.

Variable Rate Note means a Note bearing interest at the Taxable LIBOR Index Rate or the Tax-Exempt LIBOR Index Rate.

Variable Rate Note means a Note which bears interest at a variable rate pursuant to Section 2.05.

Variable Rate Note has the meaning provided in Section 2.12(b) of this Agreement.

Variable Rate Note. The portion of the Credit that is not evidenced by Fixed-Rate Notes shall be evidenced by a note of the Company bearing a variable rate of interest and substantially in the form of Exhibit A to this Agreement and any amendment, modification, replacement or extension thereof (the "Variable-Rate Note"). The Variable-Rate Note shall be in modification and extension but not replacement of the Secured Term Notes of the Company, payable to the order of the Bank, dated as of September 21, 1990, October 25, 1993, and January 10, 1995.

Variable Rate Note means any Note other than a Fixed Rate Note.

Variable Rate Note is defined in Section 2.3.