Weekly Interest Rate Mode definition

Weekly Interest Rate Mode means the interest rate mode during any period when the Bonds bear interest at the Weekly Interest Rate.
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Weekly Interest Rate Mode means, with respect to any Note, the Interest Rate Mode in which the interest rate on such Note is reset on a weekly basis. INTEREST RATES ON NOTES
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Weekly Interest Rate Mode means, with respect to any Note, the Interest Rate Mode in which the interest rate on such Note is reset on a periodic basis approximating one week and interest is paid as provided for such Interest Rate Mode in Section 203 hereof.
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Examples of Weekly Interest Rate Mode in a sentence

  • Thereafter, each Note at the option of the Company will bear interest in the Commercial Paper Term Mode, the Daily Interest Rate Mode, the Weekly Interest Rate Mode, the Long Term Rate Mode or may be permanently converted to the Fixed Interest Rate Mode.

  • Except when converting from the Weekly Interest Rate Mode, no Interest Period Reset Date shall be earlier than the day after the end of the last Interest Rate Period for the Interest Rate Mode in effect on the date of such direction from the Borrower, the end of such Interest Rate Period to be determined as if such direction had not been given.

  • Any Notes bearing interest in the Daily or Weekly Interest Rate Mode for the Interest Rate Period immediately preceding a remarketing will be settled at a price of 100% of the principal amount thereof plus accrued interest from the most recent Interest Payment Date therefor to the date of settlement.

  • Hereafter, each Note at the option of the Company will bear interest in the Commercial Paper Term Mode, the Daily Interest Rate Mode, the Weekly Interest Rate Mode, the Long Term Rate Mode or may be permanently converted to the Fixed Interest Rate Mode.

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  • If this Note is bearing interest in the Daily or Weekly Interest Rate Mode for the Interest Rate Period immediately preceding a remarketing, this Note will be settled at a price of 100% of the principal amount hereof plus accrued interest from the most recent Interest Payment Date herefor to the date of settlement.

  • The Bond Purchase Date is determined by the Holder or Beneficial Owner and must be a Business Day and, if the Interest Rate Mode is to be converted from the Weekly Interest Rate Mode to another Interest Rate Mode, must be no later than the Interest Period Reset Date for such other Interest Rate Mode.

  • Such interest will be payable to the holder thereof as of the related Record Date, which, for any Note (x) in the Daily or Weekly Interest Rate Mode, is the last calendar day of the month preceding an Interest Payment Date; (y) in the Commercial Paper Term Mode, is the Business Day prior to the related Interest Payment Date; and (z) bearing interest at the Initial Interest Rate or in the Long Term Rate Mode or Fixed Interest Rate Mode, is 15 days prior to the related Interest Payment Date.

  • So long as this Note bears interest in the Daily or Weekly Interest Rate Mode, interest will be payable on the first Business Day of each month (unless such day is less than 11 days after conversion to such Interest Rate Mode, in which case interest will be payable on the first Business Day of the next succeeding month).

  • If the new Interest Rate Mode is the Weekly Interest Rate Mode, the Remarketing Agent will determine the first Weekly Interest Rate on the Interest Rate Determination Date for the Weekly Interest Rate Mode, which will be 2:00 p.m. local time of the Registrar on the Business Day preceding the Interest Period Reset Date.

Related to Weekly Interest Rate Mode

  • Daily Interest Rate means an amount calculated by dividing the interest rate payable to a Lender on a Loan (as set forth in subsection 2.2) as of each calendar day by three hundred sixty (360).

  • Interest Rate Period means any Daily Interest Rate Period, Weekly Interest Rate Period, Short-Term Interest Rate Period, Long- Term Interest Rate Period or ARS Interest Rate Period.

  • Weekly Rate means the rate of interest on a Group of 2024 Series A Variable Rate Bonds described in Section 301 of Appendix A hereto.

  • Weekly Rate Period means any period of time during which a Group of 2021 Series J Variable Rate Bonds bears interest at the Weekly Rate.

  • Periodic Interest Rate Cap As to each adjustable rate Mortgage Loan, the maximum increase or decrease in the Mortgage Interest Rate on any Adjustment Date pursuant to the terms of the Mortgage Note.

  • Interest Rate Adjustment Date With respect to each Adjustable Rate Mortgage Loan, the date, specified in the related Mortgage Note and the related Mortgage Loan Schedule, on which the Mortgage Interest Rate is adjusted.

  • Stripped Interest Rate For each Mortgage Loan, the excess, if any, of the Net Mortgage Rate for such Mortgage Loan over the Remittance Rate.

  • Interest Rate Cap means a Cap.

  • Reference Interest Rate Replacement Date means the earliest to occur of the following events with respect to the then-current Reference Interest Rate

  • Conversion to Fixed Interest Rate With respect to each Adjustable Rate Mortgage Loan, the Mortgage Loan is not a Convertible Mortgage Loan;

  • PIK Interest Rate means (a) in respect of any Interest Period, the Additional Tax Payer Protection Rate plus (b) in respect of any Interest Period ending on or prior to the first anniversary of the date hereof, the Adjusted LIBO Rate plus the Applicable Rate.

  • Interest Rate Option means any LIBOR Rate Option or Base Rate Option.

  • Floating Rate Period shall have the meaning set forth in Section 2.05(b) hereof.

  • Fixed Rate Period shall have the meaning in the form of Security set forth in Section 2.1.

  • Floating Rate Interest Payment Date has the meaning set forth in clause (d)(1) of Section 2.02 of this Supplemental Indenture.

  • Class A-1 Interest Rate means 0.75000% per annum (computed on the basis of the actual number of days elapsed, but assuming a 360-day year).

  • Class A-4 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Fixed Rate Interest Payment Date has the meaning provided in Section 3.02(e)(i).

  • Cash Interest Rate means the Federal Funds Effective Rate - the rate for that day opposite the caption “Federal Funds (Effective)” as set forth in the weekly statistical release designated as H.15 (519), or any successor publication, published by the Board of Governors of the Federal Reserve System.

  • 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

  • Class A Note Interest Rate means a per annum rate of [ ]% [in excess of LIBOR as determined on the LIBOR Determination Date for the applicable Interest Period].

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

  • Annual Interest Rate in accordance with the rate applicable to the equal instalment financing plan in effect on the conversion date, up to a maximum of 19.90%.

  • 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.

  • Interest Rate shall have the meaning assigned to such term or analogous term in the Mortgage Loan Agreement.

  • Rate Period has the meaning set forth in the Statement.