Bank Rate Period definition

Bank Rate Period means the Initial Bank Rate Period and any Subsequent Bank Rate Period.
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Bank Rate Period means the period during which the Series 2019B Notes bear interest at the Bank Rate.
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Bank Rate Period means (i) the Initial Bank Rate Period or (ii) the period commencing on an Adjustment Date on which the interest rate on the Bonds of a Series is adjusted from the Daily Variable Rate, the Weekly Variable Rate or a Reset Rate to the Bank Rate or from the Bank Rate to another Bank Rate and ending on the day preceding the following Adjustment Date or the Maturity Date.
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Examples of Bank Rate Period in a sentence

  • During the Bank Rate Period, SunTrust Bank, in its capacity as Administrative Agent (the “Administrative Agent”), shall be deemed the Owner of the Bonds.

  • For so long as the Bonds are in the Bank Rate Period, the Company agrees that all amounts payable to the Bank with respect to any Bond held by the Bank or its nominee shall be made to the Bank (without any presentment thereof, except upon payment of the final installment of principal, and without any notation of such payment being hade thereon) in such manner or at such address in the United States as may be designated by the Bank in writing to the Trustee and the Issuer.

  • Notwithstanding the forgoing, while the Bonds are in the Bank Rate Period, the Company shall not be required to provide a Credit Facility or Alternate Credit Facility.

  • At any time during any Bank Rate Period, the occurrence of an “Event of Default” (as defined thereunder) under the Revolving Credit Agreement and the receipt by the Trustee of written notice thereof from the Administrative Agent (at the direction of the requisite lenders pursuant to the terms of the Revolving Credit Agreement).

  • The Purchasers will hold the Bonds during the Initial Bank Rate Period subject to the mandatory tender and purchase obligations of the Company pursuant to the applicable Bond Documents and the assignment provisions of this Agreement.

  • This Agreement shall terminate when (a) no Bonds remain outstanding or the Initial Bank Rate Period shall end for all Bonds and (b) all Obligations (other than contingent indemnification obligations in respect of which no claims have been asserted) have been paid.