Daily Rate Mode definition

Daily Rate Mode means a Rate Mode in which Multi-Modal Bonds bear interest at a Daily Rate.
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Daily Rate Mode means the mode during which Bonds of a Series bear interest at aDaily Rate.
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Daily Rate Mode means the Mode in which the interest rate on the Bonds is set at the Daily Rate.
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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.

  • Bonds in the Daily Rate Mode are subject to tender, at the election of the owner thereof, on the dates, at the prices, in the manner and subject to the limitations described in the FORMS OF BONDS set forth in Exhibit A hereto.

  • 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.

  • 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.


More Definitions of Daily Rate Mode

Daily Rate Mode means each period of time during which the bonds of Series LL bear interest at a Daily Rate.
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Daily Rate Mode means a Rate Mode in which Adjustable Rate Bonds bear interest at a Daily Rate.
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Daily Rate Mode means the Mode in which the Bonds bear interest at a Daily Rate.
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Daily Rate Mode means the Adjustable Rate Mode in which the duration of each Adjustment Period is determined in accordance with clause (a) of the definition of Adjustment Period.
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Daily Rate Mode means the mode during which Bonds of a Series bear interest
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Daily Rate Mode means the mode during which Bonds of a Series bear interest at a Daily Rate in accordance with the applicable Certificate of Determination.
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Daily Rate Mode means a Rate Mode in which a 2001 Series 2 Bond in such Rate Mode bears interest at a Daily Rate;
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