Conversion Between Commercial Paper Term Periods. Each Note in Commercial Paper Term Period may be remarketed into the same Interest Rate Period or converted at the option of the Company to a different Commercial Paper Term Period on any Interest Rate Adjustment Date for such Note upon receipt by the applicable Remarketing Agent and the Trustee of a Conversion Notice prior to 9:30 a.m., New York City time, or the remarketing of such Note, whichever later occurs, on such Interest Rate Adjustment Date.
Appears in 3 contracts
Samples: Indenture (Detroit Edison Co), Supplemental Indenture (Detroit Edison Co), Collateral Assignment Agreement (Detroit Edison Co)
Conversion Between Commercial Paper Term Periods. Each Note in a Commercial Paper Term Period may be remarketed into the same Interest Rate Period or converted at the option of the Company to a different Commercial Paper Term Period on any Interest Rate Adjustment Date for such Note upon receipt by the applicable Remarketing Agent and the Trustee of a Conversion Notice prior to 9:30 a.m., New York City time, or the remarketing of such Note, whichever later occurs, on such Interest Rate Adjustment Date.
Appears in 2 contracts
Samples: Detroit Edison Co, Detroit Edison Co
