Examples of Daily Rate Mode in a sentence
The Authority shall appoint and employ the services of a Remarketing Agent prior to any Purchase Date or Mode Change Date while the Bonds of any Series are in the Commercial Paper Mode, Daily Rate Mode, Weekly Rate Mode, Index Mode or Term Rate Mode.
The Remarketing Agent shall determine the initial Daily Rate on or before the Issuance Date for Bonds initially issued in the Daily Rate Mode.
The Daily Rate shall be the rate of interest determined by the Remarketing Agent for each Interest Rate Period, to be the lowest rate that in its judgment, on the basis of prevailing financial market conditions, would permit the sale of the Bonds in the Daily Rate Mode at par plus accrued interest on and as of the Effective Date, but not in excess of the Maximum Rate.
Each student shall beresponsible for his/her conduct from the time of application for admission through the actual awarding of the degree, even though conduct may occur before classes beginor after classes end, as well as during the academic year and during periods between terms of actual enrollment (and even if their conduct is not discovered until after a degree is awarded).
The Paying Agent/Registrar shall also be the tender agent with respect to the tender and purchase of the Bonds in the Flexible Rate Mode, Daily Rate Mode, or Weekly Rate Mode or in the Auction Rate Mode in accordance with the Standard Provisions Resolution.