Daily Mode means the Mode during which the Bonds or any subseries thereof bear interest at the Daily Rate.

Daily Mode means the Mode during which the Bonds bear interest at the Daily Rate.

Daily Mode means the Interest Mode during which the 2002 Series B Bonds bear interest at Daily Rates.

Examples of Daily Mode in a sentence

If the failed change in Mode was from the Daily Mode, the applicable 2023 Series Q-2 Bond shall remain in the Daily Mode, and if the failed change in Mode was from the Weekly Mode, the applicable 2023 Series Q-2 Bond shall remain in the Weekly Mode, in each case with interest rates established in accordance with the applicable provisions of Section 2.7 of this Series Indenture on and as of the failed Mode Change Date.
When a Daily Mode, a Weekly Mode or a Term Rate Mode of shorter than one year is in effect for 2023 Series Q-2 Bonds, interest shall be calculated on the basis of a 365/366 day year for the actual number of days elapsed.
The proceeds of the sale by the Remarketing Agent of any 2023 Series Q-2 Bonds shall be delivered to the Paying Agent for deposit into the Remarketing Proceeds Account of the Bond Purchase Fund not later than 10:00 a.m., New York City time (11:30 a.m. New York City time with respect to 2023 Series Q-2 Bonds in the Daily Mode), on such Purchase Date or Mandatory Purchase Date.

More Definitions of Daily Mode

Daily Mode means the Mode during which all or any part of the 2023 Series Q-2 Bonds bear interest at the Daily Rate.

Daily Mode means an Interest Mode in which the interest rate on the Bonds in such Interest Mode is adjusted on each Business Day, or calendar day under certain circumstances, as provided in this Indenture.

Daily Mode means the Mode during which a Series of Variable Rate Bonds bears interest at the Daily Rate.

Daily Mode means the Rate Mode during which the interest on the Floater Certificates is reset on a daily basis.

Daily Mode means the mode during which 2005A Bonds bear interest at a daily interest rate. “Daily Rate” means an interest rate determined on each Business Day pursuant to the EighteenthSupplemental Resolution.

Daily Mode means the Mode during which all or any part of the 2020 Series F-2 Bonds bear interest at the Daily Rate.

Daily Mode means the Mode in which the interest rate on the Bonds is set at the Daily Rate, all as set forth in the form of Bond set forth in Section 2.03 hereof.