CP Rate Period definition

CP Rate Period means, with respect to any CP Tranche, a period of days not to exceed 270 days commencing on a Business Day selected in accordance with Section 2.7(b); provided that (x) if a CP Rate Period would end on a day that is not a Business Day, such CP Rate Period shall end on the next succeeding Business Day and (y) during the Series 2010-6 Controlled Amortization Period and the Series 2010-6 Rapid Amortization Period, each CP Rate Period shall end on or prior to the next succeeding Distribution Date.

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CP Rate Period means, with respect to any CP Tranche, a period of days not to exceed 270 days commencing on a Business Day selected in accordance with Section 2.7(b); provided that (x) if a CP Rate Period would end on a day that is not a Business Day, such CP Rate Period shall end on the next succeeding Business Day and (y) during any Series 2010-6 Controlled Amortization Period and the Series 2010-6 Rapid Amortization Period, each CP Rate Period shall end on or prior to the next succeeding Distribution Date.

CP Rate Period means with respect to each Bond, while the Bonds are in the CP Rate Mode, a period (a) which begins on a CP Rate Conversion Date or a CP Rate Reset Date, as appropriate, and (b) has a duration which shall have been set by the Remarketing Agent as provided in Section 2.02(d), from 1 to 360 days' length, and (c) which ends on a day which immediately precedes a Business Day and which falls on or prior to the maturity date of the Bonds.

Examples of CP Rate Period in a sentence

• Such notice shall specify (i) the applicable Business Day, (ii) the CP Rate Period for each CP Tranche to which a portion of the Available CP Funding Amount with respect to such CP Conduit Purchaser Group is to be allocated and (iii) the portion of such Available CP Funding Amount being allocated to each such CP Tranche.

• Such notice shall specify (i) the applicable Business Day, (ii) the CP Rate Period for each CP Tranche to which a portion of the Available CP Funding Amount with respect to such Purchaser Group is to be allocated and (iii) the portion of such Available CP Funding Amount being allocated to each such CP Tranche.

• Such notice shall specify (i) the applicable Business Day, (ii) the CP Rate Period for each CP Tranche to which a portion of the Available CP Funding Amount with respect to the Purchaser Group of which such Match Funding CP Conduit Purchaser is a member is to be allocated and (iii) the portion of such Available CP Funding Amount being allocated to each such CP Tranche.

• Such notice shall specify (i) the applicable Business Day, (ii) the CP Rate Period for each CP Tranche to which a portion of the Available CP Funding Amount with respect to the CP Conduit Purchaser Group of which such Match Funding CP Conduit Purchaser is a member is to be allocated and (iii) the portion of such Available CP Funding Amount being allocated to each such CP Tranche.

• Such notice shall specify (i) the applicable Business Day, (ii) the CP Rate Period for each CP Tranche to which a portion of the Available CP Funding Amount with respect to such Purchaser is to be allocated and (iii) the portion of such Available CP Funding Amount being allocated to each such CP Tranche.

• In the case of each CP Rate Period, on the first day thereof, the Remarketing Agent shall determine (i) the duration of such CP Rate Period and (ii) the CP Rate which shall apply during such CP Rate Period.

• No CP Rate Period may extend beyond the Maturity Date for such Bond.

• Upon determination of the duration of a CP Rate Period with respect to any Bonds, the Remarketing Agent shall determine the CP Rate which shall be in effect during such CP Rate Period, which shall be the lowest rate of interest which, in the sole judgment of the Remarketing Agent, having due regard to prevailing financial market conditions, will permit such Bonds to be sold at par, plus accrued interest, on the first day of such CP Rate Period.

• If on any CP Rate Reset Date the Remarketing Agent shall fail to determine either the duration of, or the CP Rate to be effective during the CP Rate Period which commences on such date, with respect to any Bonds, such Bonds without further action on the part of any person, shall automatically convert to the Weekly Rate Mode upon such date, and the Weekly Rate which will be effective on such date will be determined as described in the Indenture.

• If the Remarketing Agent fails to establish a CP Rate Period or fails to determine the related CP Rate, a CP Rate Period extending to the next Business Day shall be automatically established and the CP Rate for such CP Rate Period shall be the Alternate Rate.

More Definitions of CP Rate Period

CP Rate Period means, with respect to any CP Loan, subject to the limitations set forth in Section 3.10(d) of the Participation Agreement, the period (not to exceed 180 days) specified in the Advance Request or Continuation Notice; provided that if no period is specified in the Advance Request or Continuation Notice, the "CP Rate Period" shall be the number of days set forth at the last paragraph of Section 2.5(c) of the Loan Agreement.

CP Rate Period means, with respect to any CP Tranche, a period of days not to exceed 270 days or, in the case of secured liquidity notes, 90 days, commencing on a Business Day selected in accordance with Section 2.7(b); PROVIDED that (x) if a CP Rate Period would end on a day that is not a Business Day, such CP Rate Period shall end on the next succeeding Business Day or, in the case of secured liquidity notes, the preceding Business Day and (y) during the Series 2002-4 Amortization Period, each CP Rate Period shall end on or prior to the next succeeding Distribution Date.

CP Rate Period means the period from and including a Distribution Date to but excluding the next succeeding Distribution Date.

CP Rate Period when used with respect to any Bond in the Commercial Paper Rate Mode, means each period during which such Bond bears interest at a specified CP Rate.