Daily Mode Period definition

Daily Mode Period means the period of time during which any of the 202_ Series - Bonds bear interest at a Daily Rate.
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Daily Mode Period means any Adjustment Period during which interest on any Series 2008 Bonds is determined each Business Day as set forth in Section 2.02(b)(1) of this Supplemental Indenture.
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Daily Mode Period means the period of time during which any of the Adjustable Rate Bonds bear interest at a Daily Rate.
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Examples of Daily Mode Period in a sentence

  • With respect to Daily Mode Period, Rate Determination Dates and Rate Change Dates shall occur on each Business Day.

  • When a Daily Mode Period, Weekly Mode Period, Monthly Mode Period or a Quarterly Mode Period is in effect, interest will be calculated on the basis of a 365/366 day year for the actual number of days elapsed.

  • If for any reason the interest rate cannot be determined or become effective in the manner specified above for any Series 2008 Bond in the Daily Mode Period, the interest rate on Series 2008 Bonds in the Daily Mode Period shall be the rate in effect for the immediately preceding Rate Period during such Daily Mode Period.

  • The Bonds are in registered form without coupons and, prior to a Conversion Date, shall be issued in denominations of: (i) during a Daily Mode Period, a Weekly Mode Period, a Monthly Mode Period or a Quarterly Mode Period, $100,000 or integral multiples of $5,000 in excess of $100,000, (ii) during a SAVRS Mode Period, $25,000 or integral multiples of $5,000 in excess of $25,000, and (iii) during a Semiannual Mode Period or a Term Mode Period, $5,000 or any integral multiple thereof.

  • For each succeeding Rate Period during a Daily Mode Period, the Series 2008 Bonds in such Mode shall bear interest at a rate determined by the Remarketing Agent which shall be the lowest rate of interest which will, having due regard for pertinent rate indices, comparable issues and prevailing financial market conditions, permit such Series 2008 Bond to be remarketed at par, if any, on the first day of such Rate Period.

Related to Daily Mode Period

  • Adjustment Period means the period from the Effective Date up to and including the Expiry Time;

  • Application Period means the months beginning with the month in which the application is considered to be filed, through and including the month in which an eligibility determination is made.

  • Calculation Period means the period from and including the seventh scheduled Index Business Day prior to the Stated Maturity to and including the second scheduled Index Business Day prior to the Stated Maturity.

  • Compounded Daily SOFR means, in relation to a Floating Rate Interest Period, the rate of return of a daily compound interest investment (with SOFR as reference rate for the calculation of interest) during the related Observation Period and will be calculated by the Calculation Agent on the related Interest Determination Date as follows: Where:

  • Observation Period means the period from, and including, the First Trading Date to, and including, the Valuation Time on the Valuation Date.