Term Rates Sample Clauses

Term Rates. (i) Except as provided in paragraph (iii) of this Section 2.8(a), once 2023 Series N-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 2023 Series N-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 2023 Series N-2 Bonds. (ii) A 2023 Series N-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 2023 Series N-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 (11)
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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.
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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
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 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. The Term Rates to be borne by the Subseries B Bonds and the Subseries C Bonds from the Issue Date to (but not including) the respective Escrow Mandatory Purchase Dates shall be determined by the Underwriters not later than the Business Day immediately preceding the Issue Date as the minimum rates which, in the <PAGE> A-10 sole judgment of the Underwriters, will result in a sale of such Bonds at a price equal to the principal amount thereof on the Issue Date. The Borrower may elect that the Escrow Bonds of a subseries continue as Escrow Bonds in the Term Rate Mode beyond the original Escrow Mandatory Purchase Date as provided by Section 3.01(c)(iv) of the Master Agreement. The Borrower may elect that the Bonds of a subseries that no longer are Escrow Bonds continue in or be changed to the Term Rate Mode in a notice given pursuant to Section 2.07(a)(i) hereof but need not designate the Interest Period for such Term Rate Mode until the Rate Determination Date. The Term Rate for the Bonds of a subseries 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 to any Notice Party requesting such rate. The Remarketing Agent shall give written notice of the Term Rate to the Borrower, the Authority and the Trustee upon request. The Term Rate for the Bonds of a subseries shall be the minimum rate which, in the sole judgment of the Remarketing Agent, will result in a sale of such Bonds at a price equal to the principal amount thereof on the effective date of such rate for the Interest Period selected by the Borrower in writing delivered to the Remarketing Agent on or before the Rate Determination Date for such Interest Period. If, at least 15 days prior to the end of the Interest Period (other than an Interest Period ending on the day next preceding an Escrow Mandatory Purchase Date) for the Bonds of a subseries in the Term Rate Mode, the Borrower has not given a Mode Change Notice, then the Bonds of such subseries (i) shall not be purchased on the Mandatory Purchase Date occurring at the end of the Interest Period for such Bonds in accordance with Section 3.04 hereof but shall instead be returned to their Owners and remain Outstanding, (ii) shall continue in the Term Rate Mode until purchased, as described in the immediately succeeding clause (iii), and shall bear interest at the Alternate Term Rate (with an Interest Period commencing on the Mandat...
Sample 1
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Related to Term Rates

  • 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.

  • Penal Rates (a) Weekend rate - applies to ordinary time (other than overtime) worked after midnight Friday/Saturday until midnight Sunday/Monday shall be paid at time one half (T0.5) in addition to the ordinary hourly rate of pay. (b) Public Holiday rate – applies to those hours which are worked on the public holiday. This shall be paid at time one (T1) in addition to the ordinary hourly rate of pay. (See clause 12.4-12.8 for further clarification.) (c) Night rate – applies to ordinary hours of duty (other than overtime) that fall between 2000hrs and until the completion of a rostered night duty from midnight Sunday/Monday to midnight Friday/Saturday and shall be paid at quarter time (T0.25) in addition to the ordinary hourly rate of pay. (d) Overtime and weekend/public holiday or night rates shall not be paid in respect of the same hours, the higher rate will apply.

  • Base Rates Attached to and made a part of this Agreement is Appendix A which sets forth the straight-time hourly rates for all employees covered by this Agreement.

  • Interest Rates All outstanding Term Loans to the Borrower shall bear interest on the unpaid principal amount thereof (including, to the extent permitted by law, on interest thereon not paid when due) from the date made until paid in full in cash at a rate determined by reference to the Base Rate or Adjusted Term SOFR plus the Applicable Margin, but not to exceed the Maximum Rate. If at any time Term Loans are outstanding with respect to which the Borrower has not delivered to the Agent a notice specifying the basis for determining the interest rate applicable thereto in accordance herewith, those Term Loans shall be treated as Base Rate Loans until notice to the contrary has been given to the Agent in accordance with this Agreement and such notice has become effective. Except as otherwise provided herein, the Term Loans shall bear interest as follows: (i) For all Base Rate Loans, at a fluctuating per annum rate equal to the Base Rate plus the Applicable Margin; and (ii) For all SOFR Rate Loans, at a fluctuating per annum rate equal to Adjusted Term SOFR plus the Applicable Margin. Each change in the Base Rate (or any component thereof) shall be reflected in the interest rate applicable to Base Rate Loans as of the effective date of such change. All computations of interest for Base Rate Loans when the Base Rate is determined by the “prime rate” shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). On the last Business Day of each calendar quarter hereafter and on the Termination Date, the Borrower shall pay to the Agent, for the ratable benefit of the Lenders, interest accrued from the last Business Day of the preceding calendar quarter to the last Business Day of such calendar quarter (or accrued to the Termination Date in the case of a payment on the Termination Date) on all Base Rate Loans in arrears. The Borrower shall pay to the Agent, for the ratable benefit of the Lenders, interest on all SOFR Rate Loans in arrears on each SOFR Interest Payment Date.

  • Accrual Rates All eligible employees shall accrue vacation pay according to the following rates:

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