Flexible Mode definition

Flexible Mode means an Interest Mode during which the Bonds in such Interest Mode bear interest at Flexible Rates.
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Flexible Mode means the Interest Mode during which the 2002 Series B Bonds bear interest at Flexible Rates.
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Flexible Mode means the Mode in which the Bonds bear interest at a Flexible Rate.
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Examples of Flexible Mode in a sentence

  • Any Tax-Exempt Refunding Bond in the Flexible Mode that has a Purchase Date prior to the redemption date established for that Bond pursuant to the preceding sentence shall be redeemed on that Purchase Date.

  • In addition, the failed conversion shall cause the interest rate on the Bonds to immediately convert to the Flexible Mode with an Interest Rate Period ending on the next succeeding day which is immediately followed by a Business Day.

  • Interest on the Bonds in a Flexible Mode, Daily Mode, Weekly Mode or Monthly Mode shall be payable on the applicable Interest Payment Date as herein described, computed on the basis of a 365 or 366-day year, as applicable for the number of days actually elapsed based on the calendar year in which such Rate Period commences.

  • Prior to the Fixed Rate Date, the Bonds shall be in a Daily Mode, a Weekly Mode, or a Flexible Mode.

  • The period for and the manner in which the interest rates on the Bonds, or any portion of the Bonds, are set and includes the Daily Mode, the Flexible Mode, the Weekly Mode, the Monthly Mode, the Quarterly Mode, the Semiannual Mode, the Multiannual Mode, the Index Floating Rate Mode and the Fixed Rate Mode.

  • Bonds in the Daily Mode, the Flexible Mode, the Weekly Mode, the Monthly Mode, the Quarterly Mode, the Semiannual Mode, the Multiannual Mode or such other mode or provisions as set forth in each Award Certificate.

  • No notice shall be given of redemption of Bonds in the Flexible Mode, except for such redemption pursuant to Section 405 as and when provided in the form of Flexible Bonds.

  • When Bonds are in a Flexible Mode, different Bonds in said Flexible Mode may bear interest at different Flexible Rates and have different Flexible Periods.

  • Conversely, during the Weekly Mode and the Flexible Mode there shall be a Trustee, but no Purchaser (i.e., the owners of the Bonds during such periods shall not be deemed to be the "Purchaser" hereunder) and all references herein to the "Purchaser" shall be of no force and effect during such Modes.

  • The Interest Period for each 2002 Series B Bond (or beneficial ownership interest therein) while in a Flexible Mode shall be the period determined by the Remarketing Agent, on or before the Rate Adjustment Date therefor, to be the Interest Period which, in its judgment, will produce the greatest likelihood of the lowest overall debt service costs on the 2002 Series B Bonds prior to the maturity thereof, given prevailing market conditions.


More Definitions of Flexible Mode

Flexible Mode has the meaning set forth in the forms of Flexible Bonds.
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Flexible Mode means the Mode in which the interest rate on the Bonds is set at the Flexible Rate, all as set forth in the form of Flexible Bonds set forth in Section 2.03 hereof.
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Flexible Mode. The Mode during which the Bonds bear interest at the Flexible Rate.
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Flexible Mode is defined in the Ordinance.
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Flexible Mode has the meaning set forth in the form of Flexible Bonds in Section 3.01(a)(i).
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Flexible Mode has the meaning ascribed to such term in the Indenture.
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Related to Flexible Mode

  • Flexible Resource means a generating resource that must have a combined Start-up Time and Notification Time of less than or equal to two hours; and a Minimum Run Time of less than or equal to two hours. “Firm Point-To-Point Transmission Service” shall mean Transmission Service under the Tariff that is reserved and/or scheduled between specified Points of Receipt and Delivery pursuant to Tariff, Part II.

  • Flexible RAR means the flexible resource adequacy requirements established for Load Serving Entities (as defined in the CAISO Tariff) by the CPUC pursuant to the CPUC Decisions, or by any other Governmental Authority having jurisdiction.

  • Flexible vinyl adhesive means an aerosol adhesive designed to bond flexible vinyl to substrates. Flexible vinyl means a nonrigid polyvinyl chloride plastic with at least five percent, by weight, of plasticizer content. A plasticizer is a material, such as a high boiling point organic solvent, that is incorporated into a vinyl to increase its flexibility, workability, or distensibility, and may be determined using ASTM Method E260-91 or from product formulation data.

  • Government energy aggregation program means a program and

  • Company 401(k) Plan shall have the meaning set forth in Section 6.09(e).

  • Internal combustion engine or ‘engine’ means an energy converter, other than a gas turbine, designed to transform chemical energy (input) into mechanical energy (output) with an internal combustion process; it includes, where they have been installed, the emission control system and the communication interface (hardware and messages) between the engine's electronic control unit(s) and any other powertrain or non-road mobile machinery control unit necessary to comply with Chapters II and III;

  • Medical flexible spending arrangement or "medical FSA" means a benefit plan whereby eligible state employees may reduce their salary before taxes to pay for medical expenses not reimbursed by insurance as provided in the salary reduction plan established under chapter

  • 401(k) Plan shall have the meaning set forth in Section 6.3(a).

  • Subsidy means the difference between the amount of periodic

  • Parent 401(k) Plan has the meaning set forth in Section 6.6(e).

  • Single Phase Aerosol Air Freshener means an aerosol air freshener with the liquid contents in a single homogeneous phase and which does not require that the product container be shaken before use.

  • PNode has the meaning set forth in the CAISO Tariff.

  • Disaster Recovery System means the system embodied in the processes and procedures for restoring the provision of Services following the occurrence of a disaster;

  • Short-Term Resource Procurement Target means, for Delivery Years through May 31, 2018, as to the PJM Region, for purposes of the Base Residual Auction, 2.5% of the PJM Region Reliability Requirement determined for such Base Residual Auction, for purposes of the First Incremental Auction, 2% of the of the PJM Region Reliability Requirement as calculated at the time of the Base Residual Auction; and, for purposes of the Second Incremental Auction, 1.5% of the of the PJM Region Reliability Requirement as calculated at the time of the Base Residual Auction; and, as to any Zone, an allocation of the PJM Region Short-Term Resource Procurement Target based on the Preliminary Zonal Forecast Peak Load, reduced by the amount of load served under the FRR Alternative. For any LDA, the LDA Short-Term Resource Procurement Target shall be the sum of the Short-Term Resource Procurement Targets of all Zones in the LDA.

  • Subsidized Xxxxxxxx Loan means a Loan for which the interest rate is governed by Section 427A(a) or 427A(d) of the Higher Education Act.

  • Business Continuity and Disaster Recovery Plan means the Schedule containing plans and provisions for business continuity and disaster recovery.

  • Seller 401(k) Plan shall have the meaning set forth in Section 6.01(i).

  • Government of Canada Yield on any date means the yield to maturity on such date (assuming semi-annual compounding) of a Canadian dollar denominated non-callable Government of Canada bond with a term to maturity of five years as quoted as of 10:00 a.m. (Toronto time) on such date and that appears on the Bloomberg Screen GCAN5YR <Index> Page on such date; provided that if such rate does not appear on the Bloomberg Screen GCAN5YR <Index> Page on such date, then the Government of Canada Yield shall mean the arithmetic average of the yields quoted to the Corporation by two registered Canadian investment dealers selected by the Corporation as being the annual yield to maturity on such date, compounded semi-annually, that a non-callable Government of Canada bond would carry if issued, in Canadian dollars, at 100% of its principal amount on such date with a term to maturity of five years.

  • Flexi Plan means any individual indemnity hospital insurance plan under the VHIS framework with enhancement(s) to any or all of the protections or terms and benefits that the Standard Plan provides to the Policy Holder and the Insured Person, subject to certification by the Government. Such plan shall not contain terms and benefits which are less favourable than those in the Standard Plan, save for the exception as may be approved by the Government from time to time.

  • Procurement Plan means the Recipient’s procurement plan for the Project, dated April 2, 2010, and referred to in paragraph 1.16 of the Procurement Guidelines and paragraph 1.24 of the Consultant Guidelines, as the same shall be updated from time to time in accordance with the provisions of said paragraphs.

  • B.E.P.D. means an entity certified as a Business enterprise owned or operated by people with disabilities as defined in MCC Section 2-92-586.

  • Buyer 401(k) Plan has the meaning set forth in Section 6.01(h).

  • Disaster Recovery Plan means has the meaning set out in paragraph 1.2.3 of schedule 4 (Disaster Recovery and Business Continuity);

  • Government Apprenticeship Programme “ means training which is funded by the Government via the National Apprenticeship Service.

  • Flexible benefit plan means a benefit plan that allows

  • Michigan economic growth authority means the Michigan economic growth authority created in the Michigan economic growth authority act, 1995 PA 24, MCL 207.801 to 207.810.