Commercial Paper Rate Period definition

Commercial Paper Rate Period means, with respect to a particular Multi-Modal Bond, a period of one to 365 days during which such Bond bears interest at a Commercial Paper Rate; and the first day immediately following the last day of each Commercial Paper Rate Period shall be a Business Day and, with respect to at least the amount of such Bonds to be redeemed by mandatory redemption, shall be not later than the redemption date.

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Commercial Paper Rate Period means any period during which the Bonds bear interest at a Commercial Paper Rate or Rates, which period shall commence on the effective date of a Change in the Interest Rate Mode to a Commercial Paper Rate or Rates, as the case may be, and extend through the day immediately preceding the earlier of (a) the effective date of another Change in the Interest Rate Mode or (b) the Stated Maturity.

Commercial Paper Rate Period means with respect to any Bond, each period determined for such Bond as provided in Section 3.2 hereof.

Examples of Commercial Paper Rate Period in a sentence

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.
Each Bond may bear interest at a different Commercial Paper Rate and for a Commercial Paper Rate Period different from any other Bond.
During any Commercial Paper Rate Period, at or prior to 12:00 noon (New York City time) on each Determination Date, each Remarketing Agent shall establish Calculation Periods and related Commercial Paper Rates.
The Remarketing Agent, in its discretion, may consider such information and resources as it deems appropriate in making the determinations described in this paragraph, including consultations with the Company, but the Remarketing Agent's determination of the Commercial Paper Rate Period for each Bond will be based solely upon the reasonable exercise of the Remarketing Agent's judgment.
Interest Payment Dates While this Bond accrues interest at a Commercial Paper Rate, interest is payable on the day after the last day of each Commercial Paper Rate Period.

More Definitions of Commercial Paper Rate Period

Commercial Paper Rate Period means with respect to any Bond each period determined as provided in Section 202 hereof during which such Bond accrues interest at a Commercial Paper Rate.

Commercial Paper Rate Period. ’ means, with respect to a particular Multi-Modal Bond, a period of one to 365 days during which such Multi-Modal Bond bears interest at a Commercial Paper Rate; and the first day immediately following the last day of each Commercial Paper Rate Period shall in all events be a Business Day.

Commercial Paper Rate Period means with respect to any Bond bearing interest at a Commercial Paper Rate, each period determined for such Bond in accordance with Section 2.02(c)(i).

Commercial Paper Rate Period means, with respect to any Bond bearing interest at a Commercial Paper Rate, each period, which may be from one (1) day to two hundred seventy (270) days (or such lower maximum number as is then permitted hereunder) determined for such Bond as provided in Section 2.02(c)(i)(B).

Commercial Paper Rate Period means the period of from one to 270 calendar days (which period must end on a day preceding a Business Day) during which a Series 2020 D Bond in the CP Mode shall bear interest at a Commercial Paper Rate, as established by the Remarketing Agent pursuant to Section 205 hereof. The Series 2020 D Bonds in the CP Mode may be in different Commercial Paper Rate Periods.

Commercial Paper Rate Period means each period during which Certificates bear interest at a Commercial Paper Rate determined pursuant to Section 3.01(a)(iii).

Commercial Paper Rate Period means Commercial Paper Rate Period as defined in Section 2.03(d).