Designated Index definition
Designated Index means any of the Standard & Poor’s 500 Composite Stock Price Index, the Standard & Poor’s 500 Total Return Index, the Nasdaq-100 Index or any other Index specified as such in the relevant Transaction Supplement (in each case, or a Successor Index) If there is an Index Modification:
Designated Index means, on any day, the LIBOR Rate.
Designated Index means, (a) on any day from the Agreement Date through August 31, 2012, the LIBOR Rate, and (b) on any day during a calendar quarter thereafter, the Index applicable for such calendar quarter as determined pursuant to Section 4.2.
Examples of Designated Index in a sentence
With respect to each Term Loan: subject to Section 2.3(b), the principal amount outstanding under such Term Loan shall accrue interest at the fixed per annum rate equal to the greater of (A) 2.50 percentage points above the Designated Index Rate, or (B) 8.50% per annum, which interest shall be payable monthly.
If a Bond is initially issued in the Index Rate Mode, the Index Rate Period, the Designated Index, the Applicable Spread and the Reset Date will be specified in Section 4.1(d).
If a Bond is converted to the Index Rate Mode, the Index Rate Period, the Designated Index, the Applicable Spread and the Reset Date will be specified in the notice delivered to the Bond Trustee pursuant to Section 4.3(b).
More Definitions of Designated Index
Designated Index means an index used to determine the Index Rate.