Long Term Rate Mode. The Interest Rate Period for any Note in the Long Term Rate Mode shall be established by the Company (as described in Section 207 hereof) as a period of more than 364 days and not exceeding the remaining term to the Stated Maturity of such Note (a "Long Term Rate Period"). The interest rate, or Spread (if any) and Spread Multiplier (if any), for any Note in the Long Term Rate Mode shall be determined not later than 11:50 a.m., New York City time, on the Interest Rate Adjustment Date for such Note, which is the first day of each Interest Rate Period for such Note.
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Samples: First Supplemental Indenture (Teco Energy Inc), First Supplemental Indenture (Teco Energy Inc), First Supplemental Indenture (Tampa Electric Co)
Long Term Rate Mode. The Interest Rate Period for any Note in the Long Term Rate Mode shall be established by the Company (as described in Section 207 hereof) as a period of more than 364 days and not exceeding the remaining term to the Stated Maturity of such Note (a "Long Term Rate PeriodLONG TERM RATE PERIOD"). The interest rate, or Spread (if any) and Spread Multiplier (if any), for any Note in the Long Term Rate Mode shall be determined not later than 11:50 a.m., New York City time, on the Interest Rate Adjustment Date for such Note, which is the first day of each Interest Rate Period for such Note.
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