Determination of Interest Rate. The Fixed Rate for the Bonds to be converted to the Fixed Rate Mode shall be established by the Remarketing Agent on the Rate Determination Date applicable thereto pursuant to the provisions of Section 507(b). Such Rate shall remain in effect until the maturity date of the Bonds.
Appears in 2 contracts
Samples: Loan and Trust Agreement (Northeast Utilities System), Loan and Trust Agreement (Northeast Utilities System)
Determination of Interest Rate. The Fixed Rate for the Bonds a Bond to be converted to the Fixed Rate Mode shall be established by the Remarketing Agent on the Rate Determination Date applicable thereto pursuant to the provisions of Section 507(b305(b). Such Rate shall remain in effect until the maturity date of the Bonds.
Appears in 2 contracts
Samples: Loan and Trust Agreement (National Grid PLC), Loan and Trust Agreement (National Grid PLC)
Determination of Interest Rate. The Fixed Rate for the Bonds of the subseries to be converted to the Fixed Rate Mode shall be established by the Remarketing Agent on the Rate Determination Date applicable thereto pursuant to the provisions of Section 507(b2.04(b). Such Rate shall remain in effect until the maturity date of the Bonds.
Appears in 1 contract
Determination of Interest Rate. The Fixed Rate for the Bonds a 2017 Series B-1 Bond to be converted to the Fixed Rate Mode shall be established by the Remarketing Agent on the Rate Determination Date applicable thereto pursuant to the provisions of Section 507(b). Such Rate shall remain in effect until the maturity date 2.8(b) of the Bondsthis Series Indenture.
Appears in 1 contract
Samples: Indenture
Determination of Interest Rate. The Fixed Rate for the Bonds a 2020A-1 Bond to be converted to the Fixed Rate Mode shall be established by the Remarketing Agent on the Rate Determination Date applicable thereto pursuant to the provisions of Section 507(b). Such Rate shall remain in effect until the maturity date of the Bonds2.9(b) hereof.
Appears in 1 contract
Samples: Indenture
Determination of Interest Rate. The Fixed Rate for the Bonds a 2020D-2 Bond to be converted to the Fixed Rate Mode shall be established by the Remarketing Agent on the Rate Determination Date applicable thereto pursuant to the provisions of Section 507(b). Such Rate shall remain in effect until the maturity date of the Bonds2.9(b) hereof.
Appears in 1 contract
Samples: Indenture
Determination of Interest Rate. The Fixed Rate for the Bonds a 2019C Bond to be converted to the Fixed Rate Mode shall be established by the Remarketing Agent on the Rate Determination Date applicable thereto pursuant to the provisions of Section 507(b). Such Rate shall remain in effect until the maturity date of the Bonds2.9(b) hereof.
Appears in 1 contract
Samples: Indenture
Determination of Interest Rate. The Fixed Rate for the Bonds a 2018A-2 Bond to be converted to the Fixed Rate Mode shall be established by the Remarketing Agent on the Rate Determination Date applicable thereto pursuant to the provisions of Section 507(b). Such Rate shall remain in effect until the maturity date of the Bonds2.9(b) hereof.
Appears in 1 contract
Samples: Indenture
Determination of Interest Rate. The Fixed Rate for the Bonds a 2024 Series A-2 Bond to be converted to the Fixed Rate Mode shall be established by the Remarketing Agent on the Rate Determination Date applicable thereto pursuant to the provisions of Section 507(b). Such Rate shall remain in effect until the maturity date 2.8(b) of the Bondsthis Series Indenture.
Appears in 1 contract
Samples: Indenture