Daily Rate Conversion Date definition

Daily Rate Conversion Date means the day on which the Bonds accrue interest at a Daily Rate pursuant to Section 3.3 which is immediately preceded by a day on which the Bonds did not accrue interest at a Daily Rate.

Daily Rate Conversion Date means each date on which the Bonds, having been converted to the Daily Rate Mode from another Mode, first begin to bear interest at a Daily Rate in accordance with the terms.

Daily Rate Conversion Date means the Weekly Rate Interest Payment Date on which the Bonds begin to bear interest at a Daily Rate in accordance with the terms hereof.

Examples of Daily Rate Conversion Date in a sentence

• The Bonds shall initially bear interest at the Weekly Rate, as provided in Section 110A, unless and until converted to the Daily Rate on a Daily Rate Conversion Date in accordance with Section 111, or to the Fixed Rate on the Fixed Rate Conversion Date in accordance with Section 113.

• The Bonds are subject to mandatory tender on a Daily Rate Conversion Date or a Weekly Rate Conversion Date.

• Daily Rate Periods shall commence on a Daily Rate Conversion Date which shall be a Business Day and thereafter on each Business Day until the type of Rate Period of the Series 2020 Bonds is converted to another type of Rate Period and shall extend to, but not include, the next succeeding Business Day.

• The questionnaire took outset in an early draft of the Global Principles (attached at Annex B) and covered a broad cross-section of security and transparency issues addressed by the draft Principles.

• The initial Daily Rate for the Bonds effective on any Daily Rate Conversion Date shall be established by the Remarketing Agent prior to the Daily Rate Conversion Date in the same manner as the Remarketing Agent is required to establish the Daily Rate for each subsequent Interest Period in accordance with Section 110B(b).

More Definitions of Daily Rate Conversion Date

Daily Rate Conversion Date means a day on which interest on a Series of Bonds begins to accrue at a Daily Rate following conversion pursuant to Section 2.03(i).

Daily Rate Conversion Date means the day on which the Bonds commence to accrue interest at a Daily Rate pursuant to Section 3.3 which is immediately preceded by a day on which the Bonds did not accrue interest at a Daily Rate. "Daily Rate Period" means each period during which the Bonds accrue interest at a particular Daily Rate.

Daily Rate Conversion Date means the effective date of a change in the interest rate borne by the Bonds from a Weekly Rate to a Daily Rate.

Daily Rate Conversion Date means a day on which interest on the 2015 Variable Rate

Daily Rate Conversion Date means the day on which the Bonds begin to accrue interest at a Daily Rate pursuant to the Loan and Trust Agreement which is immediately preceded by a day on which the Series A Bonds did not accrue interest at a Daily Rate.

Daily Rate Conversion Date means any date on which the Notes are converted to Notes bearing interest at the Daily Rate, which may be any calendar day.

Daily Rate Conversion Date means, with respect to any Subseries, each day on which such Subseries accrues interest at a Daily Rate which is immediately preceded by a day on which such Subseries did not accrue interest at a Daily Rate.