Minimum Fixed Rate definition

Minimum Fixed Rate means the applicable Earnings Credit rate set forth in Section 5(b)(i)(A) in effect for the Plan Year in which the Participant’s termination occurs, but in no event less than seven percent (7%).
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Minimum Fixed Rate means the minimum fixed rate of interest on the Bonds determined pursuant to Section 3.3.E of this Indenture.
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Minimum Fixed Rate means 8.00%.
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Examples of Minimum Fixed Rate in a sentence

  • The Minimum Fixed Rate shall be the minimum rate of interest to be borne by the Bonds to maturity, which rate of interest shall be equal to 80% of (in the case of the Minimum Fixed Rate; 100% in the case of the Fixed Rate) the lowest rate of interest which, in the judgment of the Remarketing Agent as of the date of determination and under Prevailing Market Conditions, would cause the Bonds to have a market value equal to the principal amount thereof, such rate in any event not to exceed 15% per annum.

  • A Minimum Fixed Rate shall be determined no later than the 31st day preceding the Fixed Rate Conversion Date (or the immediately preceding Business Day, if such 31st day is not a Business Day) by the Remarketing Advisor.

  • Within three (3) Business Days after the Minimum Fixed Rate is determined, notice of the conversion and the Minimum Fixed Rate shall be given by United States first-class mail, postage prepaid, by the Paying Agent to the Owners of all Bonds.

  • The Remarketing Advisor shall notify the Paying Agent and the Paying Agent shall notify the Trustee and the Company by telephone (promptly confirmed in writing), telegram, telecopy, telex or other similar means of communication of the Minimum Fixed Rate so determined.

  • Notwithstanding any provision in this Agreement to the contrary, at all times on and after the Twelfth Amendment Closing Date, the amount of Fixed Rate Outstandings shall not be less than the Minimum Fixed Rate Amount.

  • The Minimum Fixed Rate shall be the minimum rate of interest to be borne by the Bonds to maturity, and shall be equal to ninety percent (90%) of the lowest rate of interest which, in the judgment of the Remarketing Advisor as of the date of determination and under Prevailing Market Conditions, would cause the Bonds to have a market value equal to the principal amount thereof as of the Fixed Rate Conversion Date.

  • The determination of the Minimum Fixed Rate and the Fixed Rate pursuant to this Section 3.3 shall be conclusive and binding upon the Issuer, the Company, the Trustee, the Paying Agent and the Owners.

  • Such determination shall be made in the same manner as the preliminary determination described in Section 3.03(e) (except that the Fixed Rate shall not be less than the Minimum Fixed Rate) and in any event shall not exceed 15% per annum.

Related to Minimum Fixed Rate