Auction Rate Period definition

Auction Rate Period means any period of less than 365 days during which the Bonds bear interest at a single Auction Rate, as established pursuant to the Indenture.
Sample 1Sample 2Sample 3
Auction Rate Period means any period during which the Auction Rate Bonds bear interest at an Auction Rate determined pursuant to the implementation of Auction Procedures established under Article III, which period shall commence on the effective date of a Change in the Interest Rate Mode to an Auction Rate and shall extend through the day immediately preceding the earlier of (a) the effective date of a Change in the Interest Rate Mode or (b) the Stated Maturity.
Sample 1Sample 2Sample 3
Auction Rate Period means any period during which the Auction Rate Bonds bear interest at an Auction Rate determined pursuant to the implementation of Auction Procedures established under Article III, which period shall commence on the Closing Date if the Bonds initially are offered as Auction Rate Bonds or on the effective date of a Change in the Interest Rate Mode to an Auction Rate and shall extend through the day immediately preceding the earlier of (a) the effective date of a Change in the Interest Rate Mode or (b) the Stated Maturity.
Sample 1Sample 2Sample 3

Examples of Auction Rate Period in a sentence

  • During any Auction Rate Period, the Company on behalf of the Authority shall provide the Trustee and, so long as no Event of Default has occurred and is continuing and the ownership of any Auction Rate Bonds is maintained in book-entry form by the Securities Depository, the Auction Agent, with notice of any change in (a) the Statutory Corporate Tax Rate under the Indenture, (b) the Applicable Percentage, or (c) the maximum rate permitted by law on the Bonds.

  • The Registrar and Paying Agent shall not be required to transfer or exchange Bonds during any period beginning at the opening of business fifteen (15) days before the day of mailing of a notice of redemption and ending at the close of business on the day fixed for redemption; provided, however, that the foregoing shall not apply during a Daily Rate Period, a Weekly Rate Period, a Commercial Paper Rate Period or an Auction Rate Period.

  • During any Auction Rate Period, the Company shall take all reasonable action necessary to enable at least two nationally recognized, statistical rating organizations (as that term is used in the rules and regulations of the Commission under the Exchange Act) to provide ratings for the Auction Rate Bonds.

  • During any Auction Rate Period, the Auction Rate Bonds shall bear interest at the Auction Rate determined as set forth in this Section 3.03 and Sections 3.04 through 3.10.

  • No tender for purchase of any Bonds shall be required pursuant to this Section 5.08 during an Auction Rate Period or a Fixed Rate Period.


More Definitions of Auction Rate Period

Auction Rate Period means each period of time when the Bonds bear interest at an Auction Mode Rate.
Sample 1Sample 2Sample 3
Auction Rate Period has the meaning set forth in Exhibit D, Auction Procedures, attached hereto.
Sample 1Sample 2Sample 3
Auction Rate Period means after the Initial Period any period of time commencing on the day following the Initial Period and ending on a Conversion Date to a Commercial Paper Rate, Daily Rate, Weekly Rate, Term Rate or Fixed Rate.
Sample 1Sample 2
Auction Rate Period means each period of time when the Bonds bear interest at Auction Mode Rates.
Sample 1Sample 2Sample 3
Auction Rate Period means for each Auction Period, (i) if Sufficient Clearing Bids exist, the Winning Bid Rate, provided, however, if all of the Bonds are the subject of Submitted Hold Orders, the All Hold Rate and (ii) if Sufficient Clearing Bids do not exist, the Maximum Auction Rate.
Sample 1Sample 2
Auction Rate Period. Orders by Existing Holders and Potential Holders. (i) Subject to the provisions of Section 3.4(a) hereof, Auctions shall be conducted on each Auction Date in the manner described in this Section 3.4(c) and in Sections 3.4(d), (e) and (f) hereof prior to the Submission Deadline on each Auction Date during a Dutch Auction Rate Period: (A) each Existing Holder may submit to the Broker- Dealer information as to:
Sample 1Sample 2
Auction Rate Period means any period during which the Auction Rate Bonds bear interest at an Auction Rate determined pursuant to the implementation of Auction Procedures established under Article III, which period shall commence on the effective date of a Change in the
Sample 1