Weekly Rate means the interest rate on the Bonds established in accordance with Section 2.03(b) hereof.
Weekly Rate means the rate of interest on a Group of 2021 Series J Variable Rate Bonds described in Section 301 of Appendix A hereto.
Weekly Rate means an interest rate on the Bonds set under Section 2.02(a)(2).
Examples of Weekly Rate in a sentence
An Employee’s payment while on annual leave is calculated on the basis of his or her Weekly Rate.
Weekly Rate means the negotiated rate for the Employee’s contracted weekly hours exclusive of any applicable uncontracted overtime or loadings unless specified or, in the case of Flat Fee Employees, their five-day flat fee.
The issuance of ratings on the 2024 Series C-2 Bonds as initially delivered shall serve as the “evidence in writing from each Rating Agency” required hereby with respect to the amount of the Initial Liquidity Facility and number of days of interest covered thereby for the time the 2024 Series C-2 Bonds bear interest at a Weekly Rate.
More Definitions of Weekly Rate
Weekly Rate means with respect to each Calculation Period during a Weekly Rate Period, a rate of interest equal to the rate of interest per annum established and certified to the Trustee (with a copy to the Authority, the Registrar and Paying Agent and the Company) by the Remarketing Agent no later than 12:00 noon (New York City time) on and as of the Determination Date as the minimum rate of interest per annum which, in the opinion of the Remarketing Agent, would be necessary on and as of such day to remarket Bonds in a secondary market transaction at a price equal to the principal amount thereof plus accrued interest thereon; provided that such rate of interest shall not exceed the lesser of 110% of the Weekly Rate Index on and as of such date and the Maximum Allowed Rate.
Weekly Rate means the rate of interest that is set on the Bonds while they are in the Weekly Rate Mode.
Weekly Rate means the rate at which Multi-Modal Bonds bear interest during a Weekly Rate Period. “Weekly Rate Mode” means a Rate Mode in which a Multi-Modal Bonds bear interest at a Weekly Rate. “Weekly Rate Period” means a period of 7 days commencing on the Issue Date, on a Conversion Date or on
Weekly Rate. ’ means the rate at which Multi-Modal Bonds bear interest during a Weekly Rate Period.
Weekly Rate means an interest rate that is determined on a weekly basis with respect to Bonds in the Weekly Mode pursuant to Section 2.06.
Weekly Rate means the per annum interest rate on any a 2020A-1 Bond in the Weekly Mode determined pursuant to Section 2.8(a) and (c) hereof. (End of Article I) ARTICLE II.
Weekly Rate means the variable interest rate on the bonds of Series LL established in accordance with Section 8(b) of this Article I.