Adjustable Rate Conversion Date definition

Adjustable Rate Conversion Date means, with respect to each Series of Bonds, the Daily Rate Interest Payment Date or the Floating Rate Interest Payment Date on which the Bonds of such Series begin to bear interest at an Adjustable Rate in accordance with the terms hereof.
Sample 1
Adjustable Rate Conversion Date means the Daily Rate Interest Payment Date or the Weekly Rate Interest Payment Date on which a Bond begins to bear interest at an Adjustable Rate in accordance with the terms of the Indenture.
Sample 1
Adjustable Rate Conversion Date means a date on which any Series 2003 Bonds begin to bear interest at an Adjustable Rate.
Sample 1

Examples of Adjustable Rate Conversion Date in a sentence

  • The undersigned hereby certifies and confirms that an Adjustable Rate Conversion Date [or a CP Rate Conversion Date] with respect to all of the Bonds has occurred on [insert date], and, accordingly, said Letter of Credit shall terminate on the Business Day after such Conversion Date in accordance with its terms.

  • From and after each Adjustable Rate Conversion Date or Adjustable Rate Reset Date with respect to the Series [Series Designation] Bonds, the interest rate on the Series [Series Designation] Bonds shall be an Adjustable Rate as provided hereafter.

  • From and after each Adjustable Rate Conversion Date or Adjustable Rate Reset Date, the interest rate on this Bond shall be an Adjustable Rate, determined as provided below and in the Indenture.

  • The Bonds shall bear interest at an Adjustable Rate from each Adjustable Rate Conversion Date or each Adjustable Rate Reset Date, as appropriate, to the earlier of their redemption or maturity, the following Conversion Date, the following Adjustable Rate Reset Date or the following date on which the Bonds shall be subject to mandatory tender for purchase pursuant to Section 2.04 hereof.

  • The Bonds of a Series shall be subject to mandatory tender and purchase on the Adjustable Rate Conversion Date or Adjustable Rate Reset Date relating to such Series of Bonds, as appropriate.

  • From and after each Adjustable Rate Conversion Date or Adjustable Rate Reset Date, to the earlier of its maturity, redemption, the following Conversion Date, the following Adjustable Rate Reset Date or the following date on which the Bond shall be subject to mandatory tender, the interest rate on this Bond shall be an Adjustable Rate, determined as provided below and in the Indenture.

Related to Adjustable Rate Conversion Date

  • Judgment Conversion Date as defined in subsection 10.8(a).

  • Interest Conversion Price means, with respect to any Interest Date, that price which shall be computed as 100.0% of the arithmetic average of the Weighted Average Price of the Common Stock on each of the ten (10) consecutive Trading Days immediately preceding the applicable Interest Date (each, an “Interest Measuring Period”). All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction during such period.

  • Floating Rate Convention means that each relevant date shall be the date which numerically corresponds to the preceding such date in the calendar month which is the number of months specified in the applicable Final Terms as the Specified Period after the calendar month in which the preceding such date occurred; provided, however, that:

  • Variable Rate means a per annum rate of interest, equal to LIBOR plus 1.68%, as determined on the LIBOR Determination Date preceding each Interest Payment Date, reset quarterly, commencing upon expiration of the Fixed Rate Period.

  • Conversion Date shall have the meaning set forth in Section 4(a).

  • Subsequent Fixed Rate Period means for the initial Subsequent Fixed Rate Period, the period commencing on April 1, 2022 and ending on and including March 31, 2027 and for each succeeding Subsequent Fixed Rate Period, the period commencing on the day immediately following the end of the immediately preceding Subsequent Fixed Rate Period and ending on and including March 31 in the fifth year thereafter.

  • Floating Rate Period shall have the meaning set forth in Section 2.05(b) hereof.

  • Interest Rate Period means any Daily Interest Rate Period, Weekly Interest Rate Period, Short-Term Interest Rate Period, Long- Term Interest Rate Period or ARS Interest Rate Period.

  • Floating Rate Calculation Date means, for any Quarterly Floating Rate Period, the 30th day prior to the first day of such Quarterly Floating Rate Period.

  • Applicable Conversion Rate means the Conversion Rate in effect at any given time.

  • Alternate Conversion Price means, with respect to any Alternate Conversion that price which shall be the lowest of (i) the applicable Conversion Price as in effect on the applicable Conversion Date of the applicable Alternate Conversion, and (ii) the greater of (x) the Floor Price and (y) 80% of the lowest VWAP of the Common Stock during the five (5) consecutive Trading Day period ending and including the Trading Day immediately preceding the delivery or deemed delivery of the applicable Conversion Notice (such period, the “Alternate Conversion Measuring Period”). All such determinations to be appropriately adjusted for any stock dividend, stock split, stock combination, reclassification or similar transaction that proportionately decreases or increases the Common Stock during such Alternate Conversion Measuring Period.