Interest Rate Reset. The applicable interest rate borne by the Senior Notes on and after the Purchase Contract Settlement Date shall be reset pursuant to the Remarketing on the third Business Day immediately preceding the Purchase Contract Settlement Date to a rate equal to the Reset Rate (such Reset Rate to be in effect on and after the Purchase Contract Settlement Date).
Appears in 4 contracts
Samples: Purchase Contract Agreement (Keyspan Trust I), Purchase Contract Agreement (Dominion Resources Capital Trust Iv), Purchase Contract Agreement (Keyspan Trust Iii)
Interest Rate Reset. The applicable interest rate borne by the Senior Notes on and after the Purchase Contract Settlement Date shall be reset pursuant to the Remarketing on the third Business Day immediately preceding the Purchase Contract Settlement Date to a rate equal to the Reset Rate (such Reset Rate to be in effect on and after the Purchase Contract Settlement Date).
Appears in 1 contract
Samples: Purchase Contract Agreement (Dominion Resources Inc /Va/)
