Examples of Adjustable Rate Mode in a sentence
Unfortunately, as a result of current market circumstances, the charterer is not always willing to provide such guarantees.As at 31 December 2020, Oceanteam Bourbon 101 AS has negative equity of USD 5.3 million.
When the Bonds are in the Adjustable Rate Mode, the Bonds will remain in such Mode for as long as the Company continues to deliver timely conversion notices specifying the duration of the next Adjustable Rate Period.
It identifies a statewide vision, issues, and goals for wildlife management and proposes a wide range of conservation actions for both wildlife management and habitat management.
While the Bonds are in the Adjustable Rate Mode, they are subject to optional redemption in whole or in part on any date, at the direction of the Company, only on the dates and at the applicable redemption prices set forth in the Indenture.
Upon a conversion of the Bonds to the Adjustable Rate Mode, the duration of the initial Adjustable Rate Period shall be that period specified in the Company's conversion notice delivered pursuant to Section 2.02(f)(i) for the purpose of effecting such conversion.
Upon such release, the Bonds shall be subject to mandatory tender and, if the Bonds are then in the CP Rate Mode or the Adjustable Rate Mode, the mandatory tender price payable upon the mandatory tender of Bonds as a result of the release of the existing Letter of Credit shall include a premium equal to the redemption premium, if any, at the time payable pursuant to the optional redemption provisions of the Indenture.
If the conversion is from or within the Adjustable Rate Mode, the conversion date shall be the Adjustable Rate Interest Payment Date upon which the then current Adjustable Rate Period with respect to the Series [Series Designation] Bonds is to terminate; provided that the Corporation has given the Trustee, the Tender Agent and the Remarketing Agent 45-days’ notice of its election to effect such conversion.
If the conversion is from or within the Adjustable Rate Mode, the conversion date shall be the Adjustable Rate Interest Payment Date upon which the then current Adjustable Rate Period with respect to the Series [Series Designation] Bonds is to terminate; provided that the Corporation has given the Trustee, the Tender Agent, the Series [Series Designation] Credit Bank and the Remarketing Agent 45-days’ notice of its election to effect such conversion.
Bonds bearing interest in the Daily Rate Mode, the Weekly Rate Mode, the Adjustable Rate Mode and the Fixed Rate Mode shall be initially issued in the name of Cede & Co., as nominee for The Depository Trust Company, as the initial securities depository and registered owner of the Bonds, as provided in Section 2.11 of the Indenture.
The evaluation will also include field trips to Nepal and Tanzania.