Rate Segment definition

Rate Segment. Of the Libor Rate Portion at any time shall mean the ------------ entire principal amount of such Portion to which at such time there is applicable a particular Rate Period beginning on a particular day and ending on another particular day. (By definition, each Portion is at all times composed of an integral number of discrete Rate Segments, each corresponding to a particular Rate Period, and the sum of the principal amounts of all Rate Segments of a particular Portion at any time equals the principal amount of such Portion at such time).
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Rate Segment. A section of the Contractholder Fixed Account that credits the same rate of interest for the same time period for Contributions and accumulated interest thereon.
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Rate Segment of the As-Offered Rate Portion, the Euro-Rate Portion or the CD Rate Portion at any time shall mean the entire principal amount of such Portion to which at such time there is applicable a particular Rate Period beginning on a particular day and ending on another particular day. (By definition, the As-Offered Rate Portion, the Euro-Rate Portion or the CD Rate Portion is at all times composed of an integral number of discrete Rate Segments, each corresponding to a particular Rate Period, and the sum of the principal amounts of all Rate Segments of the As-Offered Rate Portion, the Euro-Rate Portion or the CD Rate Portion at any time equals the principal amount of such Portions at such time.) WITNESS the due execution hereof.
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Examples of Rate Segment in a sentence

  • Interest on each Rate Segment of the Libor Rate Portion which has a Rate Period equal to or less than three months shall be due and payable on the last day of the corresponding Rate Period.

  • Interest on each Rate Segment of the Libor Rate Portion which has a Rate Period greater than three months shall be due and payable on the third and sixth month anniversary date of the first day of the corresponding Rate Period, if any, and on the last day of the corresponding Rate Period.

  • Unit Ramp Rate Segment Number Output of Point Range (MW) Minimum Ramp Rate (MW/Minute) Maximum Ramp Rate (MW/Minute) 1 2 n Separate Ramp Rates will be shown for each load range and will describe any special restrictions affecting Ramp Rates at various load points, e.g., feed pump operation, heat soaks, etc.

  • Any prepayment, whether of a Base Rate Segment or a Eurodollar Rate Segment, shall be made at a prepayment price equal to (i) the amount of principal to be prepaid, plus (ii) all accrued and unpaid interest on the amount so prepaid, to the date of prepayment.

  • Any prepayment, whether a Base Rate Segment or a Eurodollar Rate Segment, shall be made at a prepayment price equal to (i) the amount of principal to be prepaid, plus (ii) all accrued and unpaid interest on the amount so prepaid, to the date of prepayment.

  • Each LIBOR-Based Rate Segment shall bear interest from the date the LIBOR-Based Rate becomes applicable thereto until the end of the applicable LIBOR-Based Rate Period on the unpaid principal balance of such LIBOR-Based Rate Segment at the LIBOR-Based Rate on an Actual/360 Basis.

  • Interest on each Rate Segment of the Libor Rate Portion shall be due and payable on the last day of the corresponding Rate Period.

  • The Borrower's right to elect the LIBOR-Based Rate shall be subject to the following requirements: (a) each LIBOR-Based Rate Segment shall be in the amount of $1,000,000 or more and in an integral multiple of $100,000 thereafter, (b) each LIBOR-Based Rate Segment shall have a maturity selected by the Borrower of one, two or three months, (c) no more than three Segments may be outstanding at any time, and (d) no LIBOR-Based Rate Segment may have a maturity date later than the Termination Date.

  • If an Event of Default exists, each LIBOR-Based Rate Segment shall bear interest from the date of such Event of Default until payment in full at a per annum rate (computed on an Actual/360 Basis) equal to two percent (2%) in excess of the LIBOR-Based Rate that would otherwise have been applicable.

  • At any time when Borrower selects, converts to or renews ------------ the Libor Rate Option, Borrower shall fix a period (the "Rate Period") which ----------- shall be one, two, three or six months, which shall be acceptable to Bank in Bank's sole discretion, during which the Libor Rate Option shall apply to the corresponding Rate Segment; provided, that Borrower may not elect a Rate Period -------- which will end after the Maturity Date.


More Definitions of Rate Segment

Rate Segment of the As-Offered Rate Portion, the Euro-Rate Portion or the CD Rate Portion at any time shall mean the entire principal amount of such Portion to which at such time there is applicable a particular Rate Period beginning on a particular day and ending on another particular day. (By definition, the As-Offered Rate Portion, the Euro-Rate Portion or the CD Rate Portion is at all times composed of an integral number of discrete Rate Segments, each corresponding to a particular Rate Period, and the sum of the principal amounts of all Rate Segments of the As-Offered Rate Portion, the Euro-Rate Portion or the CD Rate Portion at any time equals the principal amount of such Portions at such time.) WITNESS the due execution hereof: Attest: TUSCARORA INCORPORATED By: _______________________________ By: _______________________________ Title: _____________________________ (Corporate Seal) Address for Notices to Borrower: Tuscarora Incorporated 800 ▇▇▇▇▇ ▇▇▇▇▇▇ ▇.▇. ▇▇▇ ▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Address for Notices to Bank: Mellon Bank, N.A. Two Mellon Bank Center Room 152-0270 Pitt▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇ ATTN: Middle Market Banking Dept. Exhibit B Supplement to Conversion Note ----------------------------- This Supplement to Conversion Note (this "Supplement") is annexed to and is part of Conversion Note dated January 31, 1998 of Tuscarora Incorporated ("Borrower") payable to Mellon Bank, N.A. ("Bank") in the stated principal amount of Fourteen Million Dollars ($14,000,000). Such Conversion Note, as supplemented by this Supplement, shall be referred to herein as the "Note".
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Rate Segment of the Euro-Rate Portion at any time shall be the entire principal amount of such Portion to which at such time there is applicable a particular Rate Period beginning on a particular day and ending on another particular day. (By definition, each Portion is at all times composed of an integral number of discrete Rate Segments, each corresponding to a particular Rate Period, and the sum of the principal amounts of all Rate Segments of a particular portion at any time equals the principal amount of such Portion at such time.)
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Rate Segment has the meaning given to it in Section 2.16 of this Agreement.
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Rate Segment of the Money Market Portion or LIBOR Portion at any time shall be the entire principal amount of such Portion to which at such time there is applicable a particular Rate Period beginning on a particular day and ending on another particular day. (By definition, each Portion is at all times composed of an integral number of discrete Rate Segments, each corresponding to a particular Rate Period, and the sum of the principal amounts of all Rate Segments of a particular portion at any time equals the principal amount of such Portion at such time.)
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Related to Rate Segment

  • Rate Year means July 1st of a given Calendar Year through June 30th of the succeeding Calendar Year.

  • Rate Period or "n(t-1,t)" means, in respect of a Relevant Business Day, (i) the number of calendar days from (and including) the Relevant Business Day immediately preceding such Relevant Business Day to (but excluding) such Relevant Business Day, divided by (ii) 360;

  • Rate Card means a document containing prices and descriptions for various advertisement placement options available from a service sector, which sets out the minimum and maximum price of a service.

  • Heat Rate means the quantity of BTU’s consumed to produce a kilowatt-hour of energy, calculated as follows:

  • Rate Ceiling The maximum per annum Mortgage Interest Rate permitted under the related Mortgage Note.