Fixed Rate Mode means the Mode during which the Bonds or any subseries thereof bear interest at a Fixed Rate.

Fixed Rate Mode means the Mode in which the interest rate on the Bonds is fixed untilthe final Maturity Date.

Fixed Rate Mode means the period during which Bonds of a Series bear interest at aFixed Rate.

Examples of Fixed Rate Mode in a sentence

When a Term Rate Mode of one year or longer or a Fixed Rate Mode for 2024 Series C-2 Bonds is in effect, interest shall be calculated on the basis of a 360 day year comprised of twelve 30-day months.
In the event the conditions described above in subsections (a) or (b), as applicable, of this Section 2.10 have not been satisfied by the applicable Mode Change Date, then the New Mode or Fixed Rate Mode, as the case may be, shall not take effect.
The Fixed Rate for a 2024 Series C-2 Bond to be converted to the Fixed Rate Mode shall be established by the Remarketing Agent pursuant to the provisions of Section 2.8(b) of this Series Indenture.
At the option of the Authority, a 2024 Series C-2 Bond may be changed to the Fixed Rate Mode as provided in this Section 2.10(b).
The Remarketing Agent shall determine the Fixed Rate for a 2024 Series C-2 Bond in the Fixed Rate Mode in the manner and at the times as follows: Not later than 4:00 p.m., New York City time, on the Rate Determination Date for such Bond, the Remarketing Agent shall determine the Fixed Rate for such Bond and shall notify the Paying Agent of each Fixed Rate by Electronic Means on the Rate Determination Date.

More Definitions of Fixed Rate Mode

Fixed Rate Mode. ’ means a Rate Mode in which Multi-Modal Bonds bear interest at a Fixed Rate. ‘‘Fixed Rate Period’’ means the period from and including the Conversion Date and extending to the

Fixed Rate Mode means any time during which the Bonds bear interest at a Fixed Interest Rate.

Fixed Rate Mode means the Mode during which a Series of Variable Rate Bonds bears interest at Fixed Rates.

Fixed Rate Mode means the Mode in which the duration of the Adjustment Period is determined in accordance with clause (f) of the definition of Adjustment Period.

Fixed Rate Mode. The Mode during which the Bonds bear interest at the Fixed Rate.

Fixed Rate Mode means a Rate Mode in which a 2008 Series Bond in such Rate Mode bears interest at a Fixed Rate;

Fixed Rate Mode means the mode during which the Bonds bear interest at a Fixed Rate. "Fund" means any fund established pursuant to the terms of this Program Resolution or