Bond Interest Term definition

Bond Interest Term or “BIT” shall mean, with respect to each Bond bearing interest at a BIT Rate, the period established in accordance with the terms of Section 2.01(c)(v) hereof.
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Bond Interest Term means, with respect to any Bond, each period established in accordance with Section 308(g) of this Indenture during which such Bond bears interest at a Bond Interest Term Rate.
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Bond Interest Term means each period established in accordance with Section 204(g) of the First Supplemental Indenture during which the Bonds bear interest at a Bond Interest Term Rate.
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Examples of Bond Interest Term in a sentence

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  • Each Bond Interest Term and Bond Interest Term Rate shall be determined by the Remarketing Agent no later than the first day of each Bond Interest Term.

  • Each Bond Interest Term shall be for a period of days within the range or ranges announced by the Remarketing Agent as possible Bond Interest Terms no later than 9:00 a.m., New York City time, on the first day of each Bond Interest Term.

  • Except while the Bonds bear interest at Bond Interest Term Rates, all Bonds shall bear the same interest rate for the same Interest Rate Period.

  • The determination of the Daily Interest Rate, Weekly Interest Rate, Long-Term Interest Rate and each Bond Interest Term and Bond Interest Term Rate by the Remarketing Agent and the determination of the LIBOR-Based Interest Rate or CPI Rate by the Trustee or Calculation Agent, as applicable, shall be conclusive and binding upon the District, the Trustee, the Tender Agent, the Remarketing Agent, the Calculation Agent, the Liquidity Facility Provider and the Bondowners.(K) Bank Bonds.

  • Notice of each Long-Term Interest Rate, Bond Interest Term Rate and Bond Interest Term so determined shall be made on the date of determination; notice of each Daily Interest Rate shall be made each Business Day; and notice of each Weekly Interest Rate shall be made no later than Wednesday of each week.

  • Except while Series 2007 Bonds of a Series (or subseries) bear interest at Bond Interest Term Rates, all Series 2007 Bonds of such Series (or subseries) shall bear the same interest rate for the same Interest Rate Period.

  • The determination for the Bonds of the Daily Interest Rate, Weekly Interest Rate, Long-Term Interest Rate and each Bond Interest Term and Bond Interest Term Rate by the Remarketing Agent shall be conclusive and binding upon the Issuer, the Paying Agent/Registrar, the Tender Agent, the Remarketing Agent, the Liquidity Facility Provider and the Bondholders.

  • Each Bond Interest Term shall be a period of not more than 180 days, determined by the Remarketing Agent in its reasonable judgment to be the period which, together with all other Bond Interest Terms for all Bonds bearing interest at Bond Interest Term Rates then Outstanding, will result in the lowest overall interest expense on the Bonds.

  • During each Short-Term Interest Rate Period commencing on the date specified and ending on the day immediately preceding the effective date of the next succeeding Interest Rate Period, each Series 2007 Bond of such Series shall bear interest at a Bond Interest Term Rate during each Bond Interest Term for that Series 2007 Bond of such Series.(3) Notice of Conversion to Bond Interest Term Rates.


More Definitions of Bond Interest Term

Bond Interest Term means each period established in accordance with the Forty-Second Supplemental Indenture as described under the caption “THE SERIES 2005A BONDS – Interest Rates – Short- Term Interest Rate Period” during which such Series 2005A Bond shall bear interest at a Bond Interest Term Rate.
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Bond Interest Term. Rates shall have applicable to them the provisions hereunder theretofore applicable to such Bonds as if all Bonds were continuing to bear interest at Bond Interest Term Rates and the Bonds bearing interest in the Interest Rate Period to which the transition is being made will have applicable to them the provisions hereunder as if all Bonds were bearing interest in such Interest Rate Period.
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Bond Interest Term means with respect to any Series 2007 Bond of a Series, each period established within Section 28.04(G) during which such Series 2007 Bond of such Series shall bear interest at a Bond Interest Term Rate.
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Bond Interest Term means, with respect to any Bond of a Series, each period established in accordance with Section 2.01(g) during which such Bond shall bear interest at a Bond Interest Term Rate.
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Bond Interest Term means, with respect to any Series 2009 Bond, each period established in accordance with Section 5(g) during which such Series 2009 Bond shall bear interest at a Bond Interest Term Rate.
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Bond Interest Term or "BIT" shall mean, with respect to each Bond bearing interest at a BIT Rate, the period established in accordance with the terms of Section 2.01(c)(v) hereof.
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Related to Bond Interest Term

  • Bond and Interest Fund means the Bond and Interest Fund of the Issuer for its general obligation bonds.

  • Current Interest Bonds means Bonds of a Series the interest on which is payable at least annually.

  • Interest Accrual Period means the period beginning on (and including) the Interest Commencement Date and ending on (but excluding) the first Interest Period Date and each successive period beginning on (and including) an Interest Period Date and ending on (but excluding) the next succeeding Interest Period Date.

  • Postponed Fixed Interest Date means the tenth Business Day following the originally scheduled Fixed Interest Date;

  • Interest Accrual Date means with respect to any Security, the date the Company accepts funds for the purchase of the Security if such funds are received by 3:00 p.m. (EDT) on a Business Day, or if such funds are not so received, on the next Business Day.

  • Class A Note Interest Rate means a per annum rate of [ ]% [in excess of LIBOR as determined on the LIBOR Determination Date for the applicable Interest Period].

  • Note Interest Rate means a per annum rate equal to 0.02% in excess of LIBOR as determined by the Calculation Agent on the related LIBOR Determination Date with respect to each Interest Period.

  • Class D Interest Rate means 3.49% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Fixed Interest Period means the period from (and including) an Interest Payment Date (or the Interest Commencement Date) to (but excluding) the next (or first) Interest Payment Date; and

  • Class B Noteholders’ Monthly Accrued Interest means, with respect to any Payment Date, the aggregate interest accrued for the related Interest Period on the Class B Notes at the Class B Interest Rate on the Class B Note Balance on the immediately preceding Payment Date or the Closing Date, as the case may be, after giving effect to all payments of principal to the Class B Noteholders on or prior to such preceding Payment Date.

  • Interest Rate Period means any Daily Interest Rate Period, Weekly Interest Rate Period, Short-Term Interest Rate Period, Long- Term Interest Rate Period or ARS Interest Rate Period.

  • Mortgage Interest Rate The annual rate of interest borne on a Mortgage Note.

  • Class A-1 Interest Rate means 0.48000% per annum (computed on the basis of the actual number of days elapsed during the applicable Interest Period, but assuming a 360-day year).

  • Interest Date means, with respect to any given calendar month, the first Trading Day of such calendar month.

  • Fixed Rate Interest Period means the period beginning on (and including) the Issue Date and ending on (but excluding) the first Fixed Rate Interest Payment Date, and each successive period beginning on (and including) a Fixed Rate Interest Payment Date and ending on (but excluding) the next succeeding Fixed Rate Interest Payment Date.

  • Class C Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A Noteholders’ Monthly Accrued Interest means, with respect to any Payment Date, the aggregate interest accrued for the related Interest Period on the Class A-1 Notes, the Class A-2 Notes and the Class A-3 Notes at the respective Interest Rate for such Class on the Note Balance of the Notes of each such Class on the immediately preceding Payment Date or the Closing Date, as the case may be, after giving effect to all payments of principal to the Noteholders of the Notes of such Class on or prior to such preceding Payment Date.