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Term Rates Sample Clauses

Term Rates. (i) Except as provided in paragraph (iii) of this Section 2.8(a), once 2024 Series F-2 Bonds are changed to the Term Rate Mode, such Bonds shall continue in the Term Rate Mode until changed to another Mode in accordance with Section 2.10 of this Series Indenture. The Term Rate shall be determined by the Remarketing Agent not later than 4:00 p.m., New York City time, on the Rate Determination Date, and the Remarketing Agent shall make the Term Rate available by telephone to any Notice Party requesting such rate. The Remarketing Agent shall give written notice of the Term Rate to the Authority and the Paying Agent. The Term Rate shall be the minimum rate which, in the sole judgment of the Remarketing Agent, will result in a sale of such 2024 Series F-2 Bonds at a price equal to the principal amount thereof on the Rate Determination Date for the Interest Period selected by the Authority. If a new Interest Period is not selected by the Authority prior to the Business Day next preceding the Purchase Date for the Interest Period then in effect, the new Interest Period shall be the same length as the current Interest Period (or such lesser period as shall be necessary to comply with paragraph (ii) of this Section 2.8(a)). No Interest Period in the Term Rate Mode may extend beyond the Maturity Date of the 2024 Series F-2 Bonds. (ii) A 2024 Series F-2 Bond on the date it is converted to the Term Rate Mode, and while it is in the Term Rate Mode, need not be secured by a Liquidity Facility if so determined by the Authority prior to the Mode Change Date. If, however, it is secured by a Liquidity Facility, then, notwithstanding anything to the contrary contained herein, no Interest Period for such Bond may extend beyond the Expiration Tender Date. (iii) If, for any reason, a new Term Rate for a 2024 Series F-2 Bond that has been in the Term Rate Mode and is to continue in the Term Rate Mode is not or cannot be established, then (i) if such Bond is secured by a Liquidity Facility, it will be changed automatically to the Weekly Mode, or (ii) if such Bond is not secured by a Liquidity Facility, then such Bond shall stay in the Term Rate Mode for an Interest Period ending on the next Stated Interest Payment Date and shall bear interest at the applicable Alternate Rate.
Sample 1See All (14)
Term Rates. Except as provided in the immediately succeeding paragraph, once the Bonds are changed to the Term Rate Mode, the Bonds shall continue in the Term Rate Mode until changed to another Mode in accordance with Section 509 hereof. The Term Rate shall be determined by the Remarketing Agent not later than 4:00 P.M. on the Rate Determination Date, and the Remarketing Agent shall make the Term Rate available by telephone or by Electronic Means to any Notice Party requesting such rate after 5:00 p.m. on the Rate Determination Date. The Term Rate shall be the minimum rate which, in the sole judgment of the Remarketing Agent, would result in a sale of the Bonds at a price equal to the principal amount thereof on the Rate Determination Date for the Interest Period selected by the Company in writing delivered to the Remarketing Agent before such Rate Determination Date. If a new Interest Period is not selected by the Company prior to a Rate Determination Date (for a reason other than a court prohibiting such selection), the new Interest Period shall be the same length as the current Interest Period (or such lesser period as shall be necessary to comply with the last sentence of this paragraph). No Interest Period in the Term Rate Mode may extend beyond the applicable Maturity Date.
Sample 1Sample 2
Term Rates. A Term Rate shall be determined for each Term Rate Period, after the initial Term Rate Periods, as follows: (i) Term Rate Periods shall (A) commence on a Term Rate Conversion Date and (B) end on the commencement date of the following Term Rate Period or the Conversion Date on which a different type of Interest Rate shall become effective or the maturity date of the Bonds of the applicable Subseries; provided that if a Letter of Credit is then in effect for a Subseries bearing interest at a Term Rate, no Term Rate Period shall extend beyond the remaining term of such Letter of Credit minus 14 days. Each Subseries of Bonds that bears interest at the Term Rate may have a Term Rate Period different from a Term Rate Period for any other Subseries. (ii) The Term Rate for each Term Rate Period shall be effective from and including the commencement date of such Term Rate Period and remain in effect to but not including the last day thereof. Each such Term Rate shall be determined not later than 12:00 noon, New York City time, on the Business Day immediately preceding the commencement date of the Term Rate Period to which it relates with notice thereof provided to the Trustee by the Remarketing Agent by written, telephonic (promptly confirmed in writing or electronically) or electronic notice by the close of business on such Business Day.
Sample 1
Term Rates. Termination/Declination of Service:
Sample 1
Term Rates. A Term Rate for any Tax Exempt Bond shall be determined for each Term Rate Period as follows: (i) Term Rate Periods shall (A) commence on a Term Rate Conversion Date and on the first day of a calendar month which is an integral multiple of 12 calendar months thereafter; and (B) end on the day preceding either the commencement date of the following Term Rate Period or the Conversion Date on which a different Rate Period shall become effective. (ii) The Term Rate for each Term Rate Period shall be effective from and including the commencement date of such period and remain in effect through and including the last day thereof. Each such Term Rate shall be determined not later than the commencement date of such period and shall be provided to the Paying Agent and the Company by the Remarketing Agent by written notice by the close of business on the date of determination. (iii) If the Remarketing Agent fails to establish a Term Rate with respect to any Tax Exempt Bond bearing interest at Term Rates, the Term Rate Period shall automatically convert to the Daily Rate Period and the Daily Rate shall be determined in accordance with the provisions of Section 3.2(b)(i) and (ii) hereof. The Paying Agent shall promptly notify all Bondholders affected thereby of any conversion to the Daily Rate pursuant to Section 3.2(a)(ii)(A). (iv) Notice of the Term Rate shall be given by the Paying Agent by first class mail to each Registered Owner of any Tax Exempt Bond bearing interest at a Term Rate promptly after such Term Rate is determined pursuant to Section 3.2(g)(ii) above.
Sample 1
Term Rates. (a) This Agreement begins on the date Service is activated to your current premise and continues until terminated in the manner provided herein. (b) If you select a plan with a fixed term longer than one month (such as an annual plan or a special promotional plan), the term of this Agreement shall continue for the number of months applicable to the term selected (the “Fixed Term”). If you select such a plan, you understand you have been provided a waiver of some or all installation charges in exchange for your agreement to subscribe for a Fixed Term. If you change physical location of the Services or otherwise attempt to terminate this Agreement prior to the end of the Fixed Term, you will breach this Agreement. In such event we will require you to pay a can- cellation fee (which you agree may be deducted from your de- posit) equal to $25. (c) If you suspend your DSL service, you may go on vacation rates whereby the DSL cancellation fee will not apply, however you will be assessed a $25 internet reconnect fee once you resume your DSL service.
Sample 1

Related to Term Rates

  • Premium Rates HEALTH PLAN’s premium rates are guaranteed for twelve (12) months from the initial enrollment date of the Supplement, which shall be the effective date of the Supplement, and from each subsequent anniversary renewal date thereof. Renewal increases will be based on HEALTH PLAN’s “new business” rates in effect on the anniversary date of the Supplement effective date with GROUP.

  • FIXED RATES If a fixed rate is in this Agreement, it is based on an estimate of the costs for the period covered by the rate. When the actual costs for this period are determined, an adjustment will be made to a rate of a future year(s) to compensate for the difference between the costs used to establish the fixed rate and actual costs.

  • Interest Rates The Administrative Agent does not warrant, nor accept responsibility, nor shall the Administrative Agent have any liability with respect to the administration, submission or any other matter related to any reference rate referred to herein or with respect to any rate (including, for the avoidance of doubt, the selection of such rate and any related spread or other adjustment) that is an alternative or replacement for or successor to any such rate (including, without limitation, any Successor Rate) (or any component of any of the foregoing) or the effect of any of the foregoing, or of any Conforming Changes. The Administrative Agent and its affiliates or other related entities may engage in transactions or other activities that affect any reference rate referred to herein, or any alternative, successor or replacement rate (including, without limitation, any Successor Rate) (or any component of any of the foregoing) or any related spread or other adjustments thereto, in each case, in a manner adverse to the Borrower. The Administrative Agent may select information sources or services in its reasonable discretion to ascertain any reference rate referred to herein or any alternative, successor or replacement rate (including, without limitation, any Successor Rate) (or any component of any of the foregoing), in each case pursuant to the terms of this Agreement, and shall have no liability to the Borrower, any Lender or any other person or entity for damages of any kind, including direct or indirect, special, punitive, incidental or consequential damages, costs, losses or expenses (whether in tort, contract or otherwise and whether at law or in equity), for any error or other action or omission related to or affecting the selection, determination, or calculation of any rate (or component thereof) provided by any such information source or service.

  • Rate Quotations The Borrower may call the Administrative Agent on or before the date on which a Loan Request is to be delivered to receive an indication of the rates then in effect, but it is acknowledged that such projection shall not be binding on the Administrative Agent or the Lenders nor affect the rate of interest which thereafter is actually in effect when the election is made.

Most Referenced Clauses

Most Referenced Definitions