Auction Rate Mode definition

Auction Rate Mode. ’ means the Interest Rate Mode in which the Multi-Modal Bonds bear interest at an Auction Period Rate.
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Auction Rate Mode has the meaning set forth in the General Terms of the CCS Securities attached to the Declaration as Appendix A.
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Auction Rate Mode means each period during which the bonds of Series LL bear interest at an Auction Rate.
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Examples of Auction Rate Mode in a sentence

  • The Paying Agent/Registrar shall also be the tender agent with respect to the tender and purchase of the Bonds in the Flexible Rate Mode, Daily Rate Mode, or Weekly Rate Mode or in the Auction Rate Mode in accordance with the Standard Provisions Resolution.

  • Procedures governing the Auction Rate Mode are provided in Exhibit D hereto.

  • The Board shall give written notice (the "Mode Change Notice") to the Notice Parties of its intention to effect a change in the Mode from the Auction Rate Mode then prevailing to another Mode, together with the proposed Mode Change Date.

  • Bonds of a Series in an Auction Rate Mode shall include "Auction Rate" in the designation.

  • The Paying Agent/Registrar shall also be the tender agent with respect to the tender and purchase of the Bonds in the Flexible Rate Mode, Daily Rate Mode, or Weekly Rate Mode or in the Auction Rate Mode in accordance with the Standard Provisions Resolution with such changes as may be determined by the U.T. System Representative to be reasonably necessary to effectuate the sale and delivery of the Bonds as set forth in the Award Certificate.


More Definitions of Auction Rate Mode

Auction Rate Mode means the mode during which the Bonds bear interest at an Auction Rate.
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Auction Rate Mode means the mode during which the duration of the Auction Period and the interest rate is determined in accordance the 2001 Series 2 Bond Series Certificate;
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Auction Rate Mode means each period during which the bonds of Series QQ bear interest at an Auction Rate.
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Auction Rate Mode means that the Distribution Rate for the CCS Securities is determined in accordance with the Auction Procedures.
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Auction Rate Mode means each period during which the bonds of Series RR bear interest at an Auction Rate.
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Auction Rate Mode means each period during which the bonds of Series PP bear interest at an Auction Rate.
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Auction Rate Mode means the Interest Rate Mode during which the Bonds of a Series bear interest at an Auction Period Rate.
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