Common use of Normal Rate Clause in Contracts

Normal Rate. if such Term Indexed Mode is a LIBOR Term Indexed Mode, then the LIBOR Index Rate for such Bonds and day, and if such Indexed Mode is a SIFMA Term Indexed Mode, then the SIFMA Indexed Rate for such Bonds and day, in either case rounded upward to the fourth decimal place and unless otherwise provided in clause (ii) or (iii) of this subsection;

Appears in 3 contracts

Sources: Bond Indenture (SemGroup Corp), Bond Indenture (SemGroup Corp), Bond Indenture (SemGroup Corp)