Auction Rate Mode definition

Auction Rate Mode. ’ means the Interest Rate Mode in which the Multi-Modal Bonds bear interest at an Auction Period Rate.
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Auction Rate Mode means each period during which the bonds of Series LL bear interest at an Auction Rate.
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Auction Rate Mode means the mode during which the Bonds bear interest at an Auction Rate.
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Examples of Auction Rate Mode in a sentence

  • The Paying Agent/Registrar shall also be the tender agent with respect to the tender and purchase of the Bonds in the Flexible Rate Mode, Daily Rate Mode, or Weekly Rate Mode or in the Auction Rate Mode in accordance with the Standard Provisions Resolution.

  • The Paying Agent/Registrar shall also be the tender agent with respect to the tender and purchase of the Bonds in the Flexible Rate Mode, Daily Rate Mode, or Weekly Rate Mode or in the Auction Rate Mode in accordance with the Standard Provisions Resolution with such changes as may be determined by the U.T. System Representative to be reasonably necessary to effectuate the sale and delivery of the Bonds as set forth in the Award Certificate.

  • The Paying Agent/Registrar shall also be the tender agent with respect to the tender and purchase of the Bonds in the Flexible Rate Mode, Daily Rate Mode, or Weekly Rate Mode or in the Auction Rate Mode in accordance with the Standard Provisions Resolution with such changes as may be determined by the U.T. System Representative to bereasonably necessary to effectuate the sale and delivery of the Bonds as set forth in the Award Certificate.

  • The Bonds in the Weekly Rate Mode may be converted to the Fixed Rate Mode or the Auction Rate Mode on any Interest Payment Date as provided in the Form of Bonds and upon the delivery of a certificate of theU.T. System Representative electing such conversion (the "Conversion Certificate") to the Paying Agent/Registrar and the Remarketing Agent.

  • This bond is subject to mandatory tender for purchase at a price of par plus accrued interest, if any, to the Purchase Date, on the Conversion Date from the Auction Rate Mode to another Mode.


More Definitions of Auction Rate Mode

Auction Rate Mode has the meaning set forth in the General Terms of the CCS Securities attached to the Declaration as Appendix A.
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Auction Rate Mode means the mode during which the duration of the Auction Period and the interest rate is determined in accordance the 2001 Series 2 Bond Series Certificate;
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Auction Rate Mode means each period during which the bonds of Series PP bear interest at an Auction Rate.
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Auction Rate Mode. ’ means the mode in which the Bonds bear interest at an Auction Period Rate. ‘‘Authorized Denominations’’ means during the Auction Rate Mode, except as otherwise may be
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Auction Rate Mode means each period during which the bonds of Series QQ bear interest at an Auction Rate.
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Auction Rate Mode means each period during which the bonds of Series OO bear interest at an Auction Rate.
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Auction Rate Mode means each period during which the bonds of Series RR bear interest at an Auction Rate.
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