Common use of For Auction Periods Clause in Contracts

For Auction Periods. occurring after the Auction Period commencing on the Effective Date, the Interest Rate Adjustment Date shall be [_______________ (date) and every ___________ (number) ___________ (day of week) thereafter] [every __________ (number) ______________ (day of week) after the date set forth in paragraph 2 above], or the next Business Day if any such day is not a Business Day; PROVIDED, HOWEVER, that the length of subsequent Auction Periods shall be subject to further change hereafter as provided in the Indenture of Trust.

Appears in 3 contracts

Samples: Indenture (SLM Funding LLC), Indenture (SLM Funding LLC), Indenture (SLM Funding Corp)

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For Auction Periods. occurring after the Auction Period commencing on the Effective Date, the Interest Rate Adjustment Date shall be [_______________ (date) and every ___________ (number) ___________ (day of week) thereafter] [every __________ (number) ______________ (day of week) after the date set forth in paragraph 2 above], or the next Business Day if any such day is not a Business Day; PROVIDEDprovided, HOWEVERhowever, that the length of subsequent Auction Periods shall be subject to further change hereafter as provided in the Indenture of Trust.

Appears in 1 contract

Samples: Indenture (SLM Education Credit Funding LLC)

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For Auction Periods. occurring after the Auction Period commencing on the Effective Date, the Interest Rate Adjustment Date shall be [_______________ ____________(date) and every ___________ ________________(number) ___________ ______(day of week) thereafter] [every __________ ______(number) ______________ ___(day of week) after the date set forth in paragraph 2 above], or the next Business Day if any such day is not a Business Day; PROVIDEDprovided, HOWEVERhowever, that the length of subsequent Auction Periods shall be subject to further change hereafter as provided in the Indenture of Trust.

Appears in 1 contract

Samples: Supplemental Indenture of Trust (Nelnet Inc)

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