Adjustable Rate Bonds definition
Examples of Adjustable Rate Bonds in a sentence
The Adjustable Rate Bonds so sold shall bear interest from the date of sale at the Effective Rate.
DTC is responsible for notifying Participants, and Participants (and indirect participants in DTC) are responsible for notifying beneficial owners of the Adjustable Rate Bonds.
The Remarketing Agent shall, not later than 10:00 a.m., New York City time, on any Purchase Date provide notice to the Tender Agent in accordance with the Remarketing Agreement of the aggregate principal amount of the Adjustable Rate Bonds that have been sold and the aggregate principal amount of Adjustable Rate Bonds that will be tendered but have not been sold.
The Authority covenants and agrees with the Owners of the Adjustable Rate Bonds that it shall pay all obligations, fees or charges necessary to maintain the Liquidity Facility.
The Remarketing Agent shall determine the Fixed Interest Rates as those rates which, in the determination of the Remarketing Agent, would result as nearly as practicable in the market value of the Converted Adjustable Rate Bonds on the Conversion Date being 100% of the principal amount thereof.