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

Examples of Variable Rate Note in a sentence

• Each Variable Rate Note bears interest at a variable rate determined in accordance with the provisions of this paragraph (c).

• If interest is payable in respect of a Variable Rate Note on the first day of an Interest Period relating to such Variable Rate Note, the Issuer will pay the Agreed Yield applicable to such Variable Rate Note for such Interest Period on the first day of such Interest Period.

• The “Spread” is the percentage rate per annum specified on the face of such Variable Rate Note as being applicable to the rate of interest for such Variable Rate Note.

• If interest is payable in respect of a Variable Rate Note on the last day of an Interest Period relating to such Variable Rate Note, the Issuer will pay the Interest Amount for such Variable Rate Note for such Interest Period on the last day of such Interest Period.

• The interest payable in respect of a Variable Rate Note on the first day of an Interest Period relating to that Variable Rate Note is referred to in these Conditions as the “ Agreed Yield” and the rate of interest payable in respect of a Variable Rate Note on the last day of an Interest Period relating to that Variable Rate Note is referred to in these Conditions as the “Rate of Interest”.

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 which bears interest at a variable rate pursuant to Section 2.05.

Variable Rate Note is defined in Section 2.3.

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 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.

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