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

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).

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.

• Such Bonds shall be subject to mandatory tender for purchase on the Daily Rate Conversion Date.

• 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 accordance with the Indenture.

• The Bonds of a Series shall be subject to mandatory tender and purchase on the Daily Rate Conversion Date relating to such Series of Bonds.

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

More Definitions of Daily Rate Conversion Date

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 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, 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.

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 a day on which interest on the 2015 Variable Rate

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

Daily Rate Conversion Date means the day on which all or a portion of a series of the Bonds are converted to bear interest at a Daily Rate pursuant to Section 3.03 hereof.