Weekly Variable Rate definition

Weekly Variable Rate with respect to particular Related Bonds, shall have the meaning given that term in the Related Indenture.
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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 2
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 Variable Rate Period (as that term is defined in the Indenture) in accordance with the Indenture.
Sample 1

Examples of Weekly Variable Rate in a sentence

  • 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.

  • Each Hedge also shall be in place and maintained at all times during any other period that the Weekly Variable Rate is in effect or a Reset Rate is in effect for a Reset Rate Period of 5 years or less (a “Subsequent Hedge”) whether or not a default shall have occurred under the applicable Hedge Documents (as defined below).

  • If the Remarketing Agent fails to establish a Weekly Variable Rate, the Senior Certificates shall bear interest for the immediately succeeding week at the same rate as the immediately preceding week.

  • Accordingly, for some Mortgage Interest Periods, the Weekly Variable Rate in effect for the last few days of the Mortgage Interest Period will not be known on the day the Loan Servicer invoices the Borrower for payments of interest on the Note.

  • There were 5 of mid-scale construction service providers interviewed to obtain priority scale.

  • Notwithstanding any provision of this Agreement or the other Borrower Documents to the contrary, at least ninety (90) days prior to the expiration of any Weekly Variable Rate Period or Reset Rate Period, such Borrower must obtain the prior written consent of Fannie Mae as a condition to adjusting or converting the interest rate on an issue of Bonds to another Mode or maintaining such Bonds in the Reset Rate Period.

  • The Activity Fee shall accrue on the basis of, during the Weekly Variable Rate Period, a 365- or 366-day year, as applicable, for the actual number of days elapsed and during any Reset Period and the Fixed Rate Period, a year of 360 days of twelve 30-day months.

  • If a Reset Rate for a Reset Period with an original term of less than five years or the Weekly Variable Rate is in effect, the Liquidity Rate multiplied by the aggregate unpaid principal balance of the Loans.

  • Subject to Section 7.4(b), to protect against fluctuations in interest rates, the Borrower shall make arrangements for a Hedge to be in place and maintained at all times with respect to each issue of Bonds, during any period in which such Bonds bear interest at the Weekly Variable Rate or at the Reset Rate for a Reset Rate Period of 5 years or less.

  • If the interest rate on an issue of Bonds is a Weekly Variable Rate, the rate at which interest accrues on the applicable Note is reset on the same day of each week.


More Definitions of Weekly Variable Rate

Weekly Variable Rate means the variable rate of interest per annum for the Bonds of a Series determined from time to time during the Weekly Variable Rate Period in accordance with Section 2.05.
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 1.68%, 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.

  • 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.

  • Maximum Applicable Rate with respect to APS, has the meaning set forth in Section 11.10(a)(vii) of these Bylaws.

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

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

  • Variable Rate Indebtedness means any portion of indebtedness or other payment obligations, the interest rate on which is not established at the time of incurrence and has not at some subsequent date been established at a single numerical rate for the entire term thereof.

  • 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.

  • 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.

  • 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 September 20, 2018 and ending on and including December 19, 2018, 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.

  • LIBOR Daily Floating Rate means, for any day, a fluctuating rate of interest per annum equal to LIBOR as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by Administrative Agent from time to time), at approximately 11:00 a.m., London time, two (2) London Banking Days prior to such day, for Dollar deposits with a term of one (1) month commencing that day; provided that if the LIBOR Daily Floating Rate shall be less than zero, such rate shall be deemed zero for purposes of the Loan Documents.

  • 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.

  • Applicable Advance Rate For each Collateral Obligation and for the applicable number of Business Days between the certification date for a sale or participation required by Section 9.4 and the expected date of such sale or participation, the percentage specified below: Senior Secured Loans with a Market Value of: 90% or more of par 100 % 93 % 92 % 88 % Below 90% of par 100 % 80 % 73 % 60 % Other Collateral Obligations with a Xxxxx’x Rating of at least “B3” and a Market Value of 90% or more of par 100 % 89 % 85 % 75 % All other Collateral Obligations 100 % 75 % 65 % 45 %

  • Alternate Rate means, for any day, the sum of (a) a rate per annum selected by the Administrative Agent, in its reasonable discretion based on market conditions in consultation with the Company (and any applicable Subsidiary Borrower) and the relevant Lenders, plus (b) the Applicable Margin for Eurocurrency Loans. When used in reference to any Loan, “Alternate Rate” refers to whether such Loan is bearing interest at a rate determined by reference to the Alternate Rate.

  • Base Rate Term Loan means a Term Loan that is a Base Rate Loan.

  • 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.

  • Applicable Interest Rate Margin means (a) as to any Base Rate Advance, the applicable rate per annum set forth below under the caption “Base Rate Spread” and (b) as to any LIBO Rate Advance, the applicable rate per annum set forth below under the caption “LIBO Rate Spread”, determined by reference to the higher of (i) the rating of Mondelēz’s long-term senior unsecured Debt from Standard & Poor’s (or, if there shall be no outstanding rated long-term senior unsecured Debt of Mondelēz, the long-term company, issuer or similar rating established by Standard & Poor’s for Mondelēz) and (ii) the rating of Mondelēz’s long-term senior unsecured Debt from Moody’s (or, if there shall be no outstanding rated long-term senior unsecured Debt of Mondelēz, the long-term company, issuer or similar rating established by Moody’s for Mondelēz), in each case on such date: A or higher by Standard & Poor’s A2 or higher by Moody’s 0.000 % 0.835 % A- by Standard & Poor’s A3 by Moody’s 0.000 % 0.940 % BBB+ by Standard & Poor’s Baa1 by Moody’s 0.045 % 1.045 % BBB by Standard & Poor’s Baa2 by Moody’s 0.150 % 1.150 % Lower than BBB by Standard & Poor’s Lower than Baa2 by Moody’s 0.250 % 1.250 % provided that if on any date of determination (x) a rating is available on such date from only one of Standard & Poor’s and Moody’s but not the other, the Applicable Interest Rate Margin shall be determined by reference to the then available rating; (y) no rating is available from either of Standard & Poor’s or Moody’s, the Applicable Interest Rate Margin shall be determined by reference to the rating of any other nationally recognized statistical rating organization designated by Mondelēz and approved in writing by the Required Lenders and (z) no rating is available from any of Standard & Poor’s, Moody’s or any other nationally recognized statistical rating organization designated by Mondelēz and approved in writing by the Required Lenders, the Applicable Interest Rate Margin shall be 0.250% as to any Base Rate Advance and 1.250% as to any LIBO Rate Advance.

  • 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.

  • Adjustable Rate Mortgage Loan A Mortgage Loan serviced pursuant to this Agreement under which the Mortgage Interest Rate is adjusted from time to time in accordance with the terms and provisions of the related Mortgage Note.

  • Adjustable Rate Certificates The Class A Certificates and the Mezzanine Certificates.