Weekly Variable Rate definition

Weekly Variable Rate means the estimated amount to be reimbursed to ABX by DHL each week for the costs incurred by ABX on a power-by-the-hour basis under the Delta Engine Agreement and Delta Component Agreement and on a cost-per-landing basis under the Bridgestone Agreement, or any successor(s) to those agreements approved by DHL, which approval shall not be unreasonably withheld or delayed, which amount is set forth in Exhibit G and is subject to adjustment from time to time as provided in Exhibits G and H. Payments of the Weekly Variable Rate for any partial week shall be pro-rated on a daily basis based on a five day week commencing on Monday.
Sample 1Sample 2Sample 3
Weekly Variable Rate with respect to particular Related Bonds, shall have the meaning given that term in the Related Indenture.
Sample 1Sample 2
Weekly Variable Rate means the variable rate of interest per annum for the Bonds determined from time to time during the Weekly Variable Rate Period in accordance with the Indenture.
Sample 1

Examples of Weekly Variable Rate in a sentence

  • Third,pursuant to MLA First Supplement § 5, upon an event of default the Co-Borrowers had no option to choose any interest rate other than the Weekly Variable Rate option.Moreover, the Weekly Variable Rate option is set at the “sole and absolute discretion” ofCoBank, but may not exceed the National Variable Rate.

  • As CoBank did not calculate any Weekly Variable Rate after the debtor’s default in April 2003, the debtors argue that the Weekly Variable Rate charged to SCCCC, LP should be used.The debtors also note that MLA § 10(D)(i) contains the phrase “in each instance,” which they interpret as requiring that CoBank exercise its rights under thatsubparagraph every time the Co-Borrowers default in tendering a required payment, while subparagraph (ii) applies during the continuance of any event of default.

  • The Postal Service is proposing to modify USPS System of Records (SOR)550.000 Commercial InformationTechnology Resources—Infrastructure to support the implementation of a suite of cloud-based workplace productivity software.

  • The debtors maintain that as CoBank never notified the debtors of any variable rate besides NVAR plus 5.62% in its post-default invoices, which default rate was incorrect, the Weekly Variable Rate charged by7The effective date of the confirmed plan was defined as “twenty (20) Business Days after the date the Confirmation Order becomes a Final Order.” Debtors’ Joint Second Amended Plan, ¶ 2.20.

  • It appears from the documents in evidence either that the Co-Borrowers elected the Weekly Variable Rate option, or that this option was applied in the absence of any affirmative election.

  • The debtors argue that the relevant rate should be the non-default “Weekly Variable Rate” from April 23, 2003 through April 28, 2010—the latter date being chosen in the erroneous belief that it is the effective dateof the debtors’ joint confirmed plan.7Alternatively, the debtors contend that the defaultinterest rate should be computed at 2% above the Weekly Variable Rate from April 2003 until January 20, 2009, when the loan matured.

  • That interest rate was intended under the MLA Supplement to be the Weekly Variable Rate.I disagree, however, with the debtors’ contention that the Weekly Variable Rate should be based upon the rate charged by CoBank to SCCCC, LP.

  • Notwithstanding the foregoing, ABX shall make commercially reasonable efforts to accommodate DHL’s scheduling requirements as soon as reasonably practicable, with any amendments incorporated into a revised Exhibit G, setting forth the total number of Aircraft to be operated by ABX in performing the Services, the Weekly Base Rate and Weekly Variable Rate, and the amended Flight Schedule.

  • Issuance of a Firm Commitment is subject to SunTrust CDC’s customary Due Diligence.The interest rate will vary based upon Weekly Variable Rate Demand Bonds.

  • In the absence of an election provided for herein, the Company shall be deemed to have elected the Weekly Variable Rate Option.


More Definitions of Weekly Variable Rate

Weekly Variable Rate means the variable rate of interest per annum for a Series of Bonds determined from time to time during the related Weekly Rate (as that term is defined in the Indenture) in accordance with the Indenture.
Sample 1
Weekly Variable Rate shall have the meaning given that term in each Indenture.
Sample 1
Weekly Variable Rate the interest rate on the Senior Certificates determined by the Remarketing Agent on each Wednesday (or the preceding Business Day if a Wednesday is not a Business Day) for the week beginning on the Thursday following the date of determination (whether or not a Business Day) and ending on the immediately following Wednesday (whether or not a Business Day) as the rate necessary (but not greater than the Cap Rate) to effect a sale of the Senior Certificates at par on the immediately succeeding Thursday.
Sample 1
Weekly Variable Rate means the variable rate of interest per annum for the Bonds determined from time to time during the Weekly Variable Rate Period (as that term is defined in the Indenture) in accordance with the Indenture.2. Amount Available. Subject to the terms and conditions of this Credit Enhancement Instrument, Fannie Mae irrevocably authorizes the Trustee to draw on Fannie Mae, from time to time, a maximum aggregate amount not exceeding $[ ] (as such amount may be reduced or reinstated from time to time in accordance with Section 10, “Amount Available”), of which:
Sample 1

Related to Weekly Variable Rate

  • Variable Rate means a per annum rate of interest, equal to LIBOR plus 1.48%, as determined on the LIBOR Determination Date preceding each Interest Payment Date, reset quarterly, commencing upon expiration of the Fixed Rate Period.

  • Variable Rate Bonds means Current Interest Bonds, which may be either Serial Bonds or Term Bonds, issued with a variable, adjustable, convertible or other similar interest rate which is not fixed in percentage for the entire term thereof at the date of issue, which Bonds may also be Option Bonds. Section 102.Rules of Construction. Words of the masculine gender shall be deemed and construed to include correlative words of the feminine and neuter genders. Unless the context shall otherwise indicate, the words "Bond," "Escrow Agent," "Owner," "person," "Paying Agent," and "Bond Registrar" shall include the plural as well as the singular number and the word "person" shall mean any individual, corporation partnership, joint venture, association, joint stock company, trust, unincorporated organization or government or any agency or political subdivision thereof. All references to applicable provisions of Law shall be deemed to include any and all amendments thereto.

  • Weighted Average Advance Rate means, as of any date of determination with respect to all Eligible Collateral Loans included in the Aggregate Net Collateral Balance, the number obtained by (a) summing the products obtained by multiplying (i) the Advance Rate of each Eligible Collateral Loan by (ii) such Eligible Collateral Loan’s contribution to the Aggregate Net Collateral Balance and dividing such sum by (b) the Aggregate Net Collateral Balance.

  • Applicable Rate means a percentage per annum equal to:

  • Hurdle Rate means the minimum annual rate of return over the Net Asset Value at launch, or the beginning of the relevant Performance Period, as applicable, that must be achieved before an Equalisation Performance Fee is applied (details of which are set out in the section headed “Unit Class Information” in the Supplement for the relevant Fund where applicable). This rate is accrued at each Valuation Point.

  • Fixed Rate means, with respect to any Competitive Loan (other than a Eurodollar Competitive Loan), the fixed rate of interest per annum specified by the Lender making such Competitive Loan in its related Competitive Bid.

  • Quarterly Floating Rate Period means, for the initial Quarterly Floating Rate Period, the period commencing on March 20, 2020 and ending on and including June 19, 2020, and thereafter the period from and including the day immediately following the end of the immediately preceding Quarterly Floating Rate Period to but excluding the next succeeding Quarterly Commencement Date.

  • Floating Rate Calculation Date means, for any Quarterly Floating Rate Period, the 30th day prior to the first day of such Quarterly Floating Rate Period.

  • 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 Margin means 7.50 per cent. per annum.

  • Fixed Rate Calculation Date means, for any Subsequent Fixed Rate Period, the 30th day prior to the first day of such Subsequent Fixed Rate Period.