Daily Interest Rate Period definition

Daily Interest Rate Period means each period during which a Daily Interest Rate is in effect.
Daily Interest Rate Period means each period during which a Daily Interest Rate is in effect for the Bonds.
Daily Interest Rate Period. The Interest Rate Period for any Note in the Daily Interest Rate Mode will commence at the beginning of each Business Day and end at the end of the calendar day preceding the next Business Day. The interest rate for such Notes will be determined each Business Day not later than 9:30 a.m., New York City time on such day (subject to Section 206). The Daily Interest Rate Mode shall occur only so long as the Notes are maintained in a book-entry system.

Examples of Daily Interest Rate Period in a sentence

  • During each Daily Interest Rate Period, the Bonds shall bear interest at the Daily Interest Rate determined by the Remarketing Agent on each Business Day for such Business Day.

  • If a Daily Interest Rate for the first day of such Daily Interest Rate Period is not determined as provided in Section 2.01(c)(ii) hereof, the Daily Interest Rate for the first day of such Daily Interest Rate Period shall be equal to the SIFMA Index.

  • Any Daily Interest Rate Period, Weekly Interest Rate Period or Short-Term Interest Rate Period established with respect to the Bonds shall continue in effect unless and until adjusted to a different Interest Rate Period as provided herein.

  • The Trustee shall give notice by first class mail of an adjustment to a Daily Interest Rate Period to the Owners of the Bonds not less than 15 days (30 days if the then current Interest Rate Period is a Long-Term Interest Rate Period) prior to the effective date of such Daily Interest Rate Period.

  • The holder of each Preference Share shall not have any voting rights.


More Definitions of Daily Interest Rate Period

Daily Interest Rate Period means each period during which a Daily Interest Rate is in
Daily Interest Rate Period means each period of time during which Daily Interest Rates are in effect.
Daily Interest Rate Period means each period during which a Daily Interest Rate is in effect for the Series 2007 Bonds of a Series.
Daily Interest Rate Period means, with respect to a Series of Bonds, each period during which a Daily Interest Rate is in effect for such Bonds.
Daily Interest Rate Period means each period during which a Daily Interest Rate is in effect for the Series 2005A Bonds.
Daily Interest Rate Period means each period during which the Bonds of a Series bear interest at Daily Interest Rates in accordance with the Indenture.
Daily Interest Rate Period means, with respect to a Series of the Notes, each period during which a Daily Interest Rate is in effect.