Commercial Paper Period definition

Commercial Paper Period means, with respect to any Bond, each period set under Section 2.02(a)(3).
Commercial Paper Period is defined in Section 2.05 hereof.
Commercial Paper Period means, with respect to any Bond, each period set under Section 3.02(a)(3).

Examples of Commercial Paper Period in a sentence

  • Each Commercial Paper Period will end on either the day before a Business Day or on the day before the Maturity Date for such Bond.

  • During a Commercial Paper Mode, each Bond will bear interest during the Commercial Paper Period for such Bond at the Commercial Paper Rate for such Bond.

  • However, any Bond purchased on behalf of the Company and remaining unsold by the Remarketing Agent as of the close of business on the first day of the Commercial Paper Period for that Bond will have a Commercial Paper Period of 1 day or, if that Commercial Paper Period would not end on a day before a Business Day, a Commercial Paper Period of the shortest possible duration greater than 1 day ending on a day before a Business Day.

  • The Commercial Paper Rate for each Commercial Paper Period for each Bond shall be the minimum rate necessary (as determined by the Remarketing Agent based on the examination of tax-exempt obligations comparable to the Bonds known by the Remarketing Agent to have been priced or traded under then-prevailing market conditions) for the Remarketing Agent to sell such Bond on the date and at the time of such determination at its principal amount (without regard to accrued interest).

  • Except as otherwise described in this subparagraph (3), the Commercial Paper Period and Commercial Paper Rate for each Bond will be determined by the Remarketing Agent no later than 12:15 p.m., New York City time, on the first day of each Commercial Paper Period.


More Definitions of Commercial Paper Period

Commercial Paper Period means the Interest Period for any Commercial Paper Bond, then in effect, provided that such Interest Period may not extend beyond the 15th day preceding the Credit Expiration Date or if such 15th day is not a Business Day, the immediately preceding Business Day.
Commercial Paper Period means, with respect to any Series 2016 Bond, each period established in accordance with the Indenture during which such Series 2016 Bond shall bear interest at a Commercial Paper Interest Rate.
Commercial Paper Period means, with respect to any Series 1997 Bond, each period set under Section 2.02(a)(3).
Commercial Paper Period means, with respect to any Bond of a Series, any period where one or more Calculation Periods have been established pursuant to Section 204.
Commercial Paper Period means, with respect to any Bond, each period established pursuant to Section 2.02(a)(3). "Commercial Paper Rate" means, with respect to any Bond, the interest rate on such Bond established pursuant to Section 2.02(a)(3). "Commercial Paper Rate Conversion Date" means each Interest Payment Date on which the Bonds first begin to bear interest at a Commercial Paper Rate pursuant to the provisions of this Indenture. "Commercial Paper Rate Reset Date" means each Interest Payment Date on which commences a new Commercial Paper Period, upon which a new Commercial Paper Rate established pursuant to this Indenture becomes effective. "Company" means Xxxxxx-Xxxxxx, Inc., a Delaware corporation, and its permitted successors and assigns as provided in Section 5.2 of the Loan Agreement.
Commercial Paper Period is defmed in Section 2.05 hereof.
Commercial Paper Period means, with respect to any Series 2015 Bond, each period established in accordance with the Indenture during which such Series 2015 Bond shall bear interest at a Commercial Paper Interest Rate.