Examples of Fixed Rate Mode in a sentence
A Fixed Rate Mode shall be in effect until the applicable Maturity Date, or acceleration thereof prior to such Maturity Date, and may not be changed to any other Mode.
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 interest on the Bonds in a Fixed Rate Mode shall be payable on the applicable Interest Payment Date as herein described, computed on the basis of a 360-day year of twelve 30-day months.
The Borrower may substitute a Credit Facility for any Credit Facility then in effect; provided that no such substitution may be made with respect to the Bonds during any Commercial Paper Mode, Fixed Rate Mode, Indexed Mode or Term Rate Mode then applicable with respect to the Bonds.
The Bonds in the Weekly Rate Mode or any portion of such Bonds may be converted to the Daily Rate Mode on any Business Day and to the Term Rate Mode or the Fixed Rate Mode on any Interest Payment Date as provided in the FORMS OF BONDS set forth in Exhibit A hereto and upon the delivery of a Conversion Certificate of an Authorized Representative electing such conversion to the Paying Agent/Registrar and the Remarketing Agent.