Weekly Rate. When interest on the Bonds is payable at a Weekly Rate, the Remarketing Agent will set a Weekly Rate on or before 5:00 p.m., New York City time, on the last Business Day before the commencement of a period during which the Bonds bear interest at a Weekly Rate and on each Wednesday thereafter so long as interest on the Bonds is to be payable at a Weekly Rate or, if any Wednesday is not a Business Day, on the next preceding Business Day. Each Weekly Rate will be the minimum rate necessary (as determined by the Remarketing Agent based on the examination of tax-exempt obligations comparable to the Bonds known by the Remarketing Agent to have been priced or traded under then prevailing market conditions) for the Remarketing Agent to sell the Bonds on the date the rate is set at their principal amount (without regard to accrued interest). Thereafter, each Weekly Rate shall apply to (i) the period beginning on the Thursday after the Weekly Rate is set and ending on the following Wednesday or, if earlier, ending on the day before the effective date of a new method of determining the interest rate on the Bonds or (ii) the period beginning on the effective date of the change to a Weekly Rate and ending on the next Wednesday.
Weekly Rate. Weekly Rate is the higher of the minimum rate set out herein or the Contracted Rate negotiated between the Producer and the Guild Member to be attributable to a work week of five (5) consecutive days in any consecutive seven (7) calendar days.
Weekly Rate. The weekly rate will be $ and is due and payable each Friday by 5:30pm. If Child is absent from service the normal weekly rate will be due and payable.
Weekly Rate. Represents 6 working days of 10 hours per day (60 hours) per week unless otherwise specified in the quotation.
Weekly Rate. During any period commencing on the date that the Interest Rate Determination Method is converted to a mode where the Bonds bear interest at a Weekly Rate pursuant to Section 2.04 to, but not including, the next Conversion Date (a "Weekly Rate Period"), the Bonds will bear interest at the Weekly Rate. With respect to any Weekly Rate Period, the Remarketing Agents will set a rate (a "Weekly Rate") by 12:00 noon New York City time: (i) on the first Business Day before any Conversion Date immediately after which the Bonds will bear interest at a Weekly Rate for the period commencing on the Conversion Date through and including the next Tuesday that is at least six days from such Conversion Date and (ii) on each Wednesday thereafter (or the first Business Day before such Wednesday, if such Wednesday is not a Business Day) for the seven day period from such Wednesday through and including the next Tuesday. Each Weekly Rate shall be the rate of interest which, if borne by the Bonds, would, in the judgment of the Remarketing Agents, having due regard to the prevailing financial market conditions for tax-exempt revenue bonds or other tax-exempt securities of the same general nature as the Bonds or tax-exempt securities which are competitive as to credit and maturity (or period for tender) with the credit and maturity (or period for tender) of the Bonds, be the interest rate necessary, but would not exceed the interest rate necessary, to enable the Remarketing Agents to remarket the Bonds at a price of par (plus accrued interest, if any) on such Wednesday; PROVIDED that the Weekly Rate shall not be greater than 110% of the Weekly Rate Index. If for any reason the Weekly Rate for any Weekly Rate Period is not established as aforesaid by the Remarketing Agents, no Remarketing Agent shall be serving as such hereunder or the rate so established is held to be invalid or unenforceable by a final judgment of a court of law with respect to any Weekly Rate Period, then the Weekly Rate for such Weekly Rate Period shall be 100% of the Weekly Rate Index on the date such interest rate was (or would have been) determined as provided above. The Indexing Agent shall establish the Weekly Rate Index on the Business Day next preceding each day on which a Weekly Rate is determined by the Remarketing Agents. Notwithstanding the foregoing, in the event that the Remarketing Agents, in their judgment, shall determine that the Weekly Rate Index so established is sufficiently non-representa...
Weekly Rate. Junior Apprentices
Weekly Rate. Subject to the provisions of subclause 10.3.2 the minimum weekly rate for apprentices will be a percentage of the ordinary weekly rate payable under this agreement for Grade 1 Step 1 Refer Appendix 1 Table 3.
Weekly Rate. Five times the daily rate for equipment retained by customer for a maximum consecutive seven-day period, or unless others terms have been stated and agreed upon in writing.
Weekly Rate. While the Bonds accrue interest at a Weekly Rate, the rate of interest on the Bonds will be determined weekly by the Remarketing Agent to be effective for a period commencing on Wednesday (or, if such Wednesday is not a Business Day, the next succeeding Business Day) of the week of such determination and ending on the day prior to the commencement of the next succeeding period. (The length of the period, the day of commencement and the last day of the period may vary in the event of a conversion to or from a Weekly Rate.) Term Rate. While the Bonds accrue interest at a Term Rate, the interest rate will be determined by the Remarketing Agent to remain in effect for a term of at least one year selected by the Borrower. The Interest Rate established will remain in effect until changed by the Borrower, in accordance with the Indenture. During each period that a particular type of Interest Rate is in effect, the rate of interest on the Bonds shall be that rate which, in the judgment of the Remarketing Agent, would cause the Bonds to have a market value as of the date of determination equal to the principal amount thereof, taking into account prevailing market conditions, and with respect to Flexible Rates, the Remarketing Agent shall determine the Flexible Rate and the Flexible Rate Period for each Bond at such rate and for such period as it deems advisable in order to minimize the net interest cost on the Bonds, taking into account prevailing market conditions. Bonds which accrue interest at Flexible Rates will be issued in denominations of $100,000 or any integral multiple of $1,000 in excess thereof. Bonds which accrue interest at Daily Rates or Weekly Rates will be issued in denominations of $100,000 or any integral multiple thereof (except that one Bond may be in a denomination that is an integral multiple of $5,000 in excess of $100,000). Bonds which accrue interest at Term Rates will be issued in denominations of $5,000 or any integral multiple thereof.
