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Reset Rate means, in connection with each Remarketing, the rate per annum (as determined by the Remarketing Agent(s) in consultation with the Company pursuant to the Remarketing Agreement) rounded to the nearest one thousandth (0.001) of one percent that the Notes shall bear.

Reset Rate has the meaning specified in Section 2(d).

Reset Rate has the meaning set forth in the Remarketing Agreement.

Examples of Reset Rate in a sentence

During the Reset Period, the Servicer shall determine a Reset Rate for the Bonds for each day.
Absent manifest error, the determination of the Reset Rate by the Servicer shall be conclusive and binding upon the Owners, the Issuer, the Borrower and the Trustee.
It is a condition to conversion of the interest rate on the Bonds to the Reset Rate on the Reset Date that the Trustee and the Servicer shall have received an Opinion of Bond Counsel to the effect that conversion of the interest rate on the Bonds to the Reset Rate on the Reset Date will not, in and of itself, cause interest on the Bonds to be includable in gross income for federal income tax purposes.
While this Bond bears interest at the Variable Rate or at the Reset Rate (or an Alternative Rate based upon the Variable Rate or the Reset Rate), interest on this Bond shall be computed on the basis of a 360-day year and actual days elapsed.
While the Bonds bear interest at a Variable Rate or at the Reset Rate, or at an Alternative Rate based on a Variable Rate or the Reset Rate, interest on the Bonds shall be computed on the basis of a 360-day year, for the number of days actually elapsed.

Reset Rate has the meaning set forth in Section 1.02(e) of the Supplemental Indenture.

Reset Rate means the Coupon Rate to be in effect for the Debentures on and after the Reset Effective Date and determined as provided in Section 4.1.

Reset Rate has the meaning specified in Section 2(d) of this Agreement.

Reset Rate has the meaning set forth in the Declaration.

Reset Rate means the distribution rate per annum (to be determined by the Reset Agent), equal to the sum of (X) the Reset Spread and (Y) the rate of interest on the Two-Year Benchmark Treasury in effect on the third Business Day immediately preceding Purchase Contract Settlement Date, that the Preferred Securities should bear in order for the Preferred Securities to have an approximate market value of [ %] of their aggregate liquidation amount on the third Business Day immediately preceding the Purchase Contract Settlement Date; provided, that the Sponsor may limit such Reset Spread to be no higher than [ ] basis points [ %].

Reset Rate means (A) if Mid-Swap Rate is specified in the applicable Final Terms, the relevant Mid-Swap Rate, or (B) if Reference Bond Rate is specified in the applicable Final Terms, the relevant Reference Bond Rate;

Reset Rate has the meaning set forth in Section 10.3(a).