Examples of Daily Rate Bonds in a sentence
As further discussed in Note H, the Bonds, in the Variable Rate Bond form, are considered Weekly Rate Bonds with the ability to be converted to Daily Rate Bonds, Adjustable Rate Bonds, or Fixed Rate Bonds.
The Bonds herein authorized, unless otherwise indicated, may be issued in the form of Fixed Rate Bonds, Daily Rate Bonds, Weekly Rate Bonds or Term Rate Bonds, all as provided in Section 2.02 hereof, the Award Certificate and in the FORMS OF BONDS set forth Exhibit A hereto.
The Commission will not voluntarily terminate the Letter of Credit while Series A of 2020 Bonds are Daily Rate Bonds, Weekly Rate Bonds, Monthly Rate Bonds or Short-Term Rate Bonds without at least 60 days prior written notice to the Trustee and without providing for a Substitute Letter of Credit prior to the effective date of such termination.
At all times that any Series A of 2020 Bonds are Daily Rate Bonds, Weekly Rate Bonds, Monthly Rate Bonds, Short-Term Rate Bonds or Long-Term Rate Bonds there shall be a Tender Agent.
The Paying Agents shall make payment of interest or the redemption price of any Bond by wire transfer to a bank account located within the United States of Federal Reserve Funds to any Holder of Daily Rate Bonds or Weekly Rate Bonds, or any Holder of $1,000,000 or more in principal amount of Fixed Rate Bonds, or any Holder of Commercial Paper Rate Bonds requesting such payment and providing the necessary information prior to the applicable record date.