Examples of Subsequent Rate Period in a sentence
In the event that the Remarketing Agent establishes the Maximum Rate as the Applicable Rate for a Subsequent Rate Period, the Remarketing Agent shall notify the Corporation and the Tender and Paying Agent of the Maximum Rate by Electronic Means after 5:00 P.M., New York City time, on each Rate Determination Date.
The Corporation, at its option, may designate any succeeding Subsequent Rate Period of a Series of VRDP Shares as a Special Rate Period (a “Special Rate Period”) consisting of a specified number of Rate Period Days evenly divisible by seven (7) (except with respect to the Initial Special Rate Period) and not more than 1,820, subject to adjustment as provided in paragraph (b) of this Section 4.
Notwithstanding the foregoing, the Applicable Rate for a Subsequent Rate Period that has been designated a Special Rate Period may be determined in accordance with the Notice of Special Rate Period designating such Special Rate Period.
In the event the Taxpayer is unable to comply with the audit on the date in question, the Taxpayer may request another date within the thirty (30) days, approved in writing that is convenient to the Taxpayer and the Local Tax Administrator.
Except for Special Rate Periods, each Subsequent Rate Period will be a Minimum Rate Period.