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 has the meaning set forth in the General Terms of the CCS Securities attached to the Declaration as Appendix A.
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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.

  • To the extent the Bonds that are in the Auction Rate Mode are subject to optional redemption, the Board, at least 20 days before the redemption date, unless a shorter period shall be satisfactory to the Paying Agent, shall notify the Paying Agent, the Auction Agent and any Broker- Dealers of such redemption date and of the principal amount of Bonds to be redeemed.SECTION A-302.

  • In the event that the conditions for a proposed conversion from the Auction Rate Mode to a new Mode are not met (i) such new Mode shall not take effect on the proposed conversion date, notwithstanding any prior notice to the Bondowners of such conversion and (ii) the next Auction Period shall be a seven-day Auction Period and the Auction Rate shall be the Maximum Auction Rate.


More Definitions of Auction Rate Mode

Auction Rate Mode means the mode during which the Bonds bear interest at an Auction Rate.
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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 RR bear interest at an Auction Rate.
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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 that the Distribution Rate for the CCS Securities is determined in accordance with the Auction Procedures.
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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 the Interest Rate Mode during which the Bonds of a Series bear interest at an Auction Period Rate.
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