Fixed Rate Adjustment Date definition
Examples of Fixed Rate Adjustment Date in a sentence
In such event, (i) if the Bonds bear interest at a Variable Rate prior to the proposed Fixed Rate Adjustment Date, they shall continue to bear interest at a Variable Rate, and (ii) if the proposed Fixed Rate Adjustment Date was to be the day following a Reset Period, then the Bonds shall be redeemed (or purchased in lieu thereof) on the day following such Reset Period pursuant to Section 3.01(b)(vi) or Section 3.06 hereof, as applicable.
The Trustee shall, upon written request of any Bondholder, notify such Bondholder of the Fixed Rate to be in effect on and after the Fixed Rate Adjustment Date.
Any such Bonds shall be executed and authenticated as provided in Section 2.06, and shall be delivered to Bondholders on the Fixed Rate Adjustment Date without charge.
Any Bond not tendered to the Tender Agent for purchase in accordance with the provisions of this Section 2.02(d) on the Fixed Rate Adjustment Date (including a cancelled Fixed Rate Adjustment Date) shall be deemed to have been tendered for purchase on such Fixed Rate Adjustment Date pursuant to Section 10.01 hereof for all purposes of this Indenture, including particularly Article X hereof; provided, however, payment on such Bonds shall only be made upon presentation thereof.
All references to the Remarketing Agent herein shall be deemed ineffective after the Fixed Rate Adjustment Date.
From and after Fixed Rate Adjustment and until maturity, the Bonds will bear interest at the Fixed Rate, payable on each Interest Payment Date, commencing on the Interest Payment Date next following the Fixed Rate Adjustment Date, computed on the basis of a 360-day year of twelve 30-day months.
A fee is due Payee at the time of conversion to the Fixed Rate, payable no later than the Fixed Rate Adjustment Date, as a condition of the establishment of the Fixed Rate and Adjusted Monthly Payment based on the Fixed Rate.
On any Business Day during a Weekly Rate Period and on the Fixed Rate Adjustment Date, the Bonds shall be subject to optional redemption by the Issuer with Available Moneys, at the written direction of the Company and with the written consent of the Credit Facility Provider, in whole or in part, at 100% of the principal amount thereof, plus accrued interest, if any, to the redemption date.
As of the Fixed Rate Adjustment Date, the Fixed Portion shall bear interest at the Fixed Rate.
In order to select the Fixed Rate Option, the funds to be the Fixed Portion must have been drawn and disbursed prior to the Fixed Rate Adjustment Date (as hereinafter defined) and thereafter Maker shall have no further option to fix any other portion of the Floating Portion and no rights to prepay and redraw any portion of the Fixed Portion (even if previously repaid to Payee).