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.

Flexible Mode means the Mode in which the Bonds bear interest at a Flexible Rate.

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

More Definitions of Flexible Mode

Flexible Mode has the meaning set forth in the forms of Flexible Bonds.

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 Bond set forth in Section 2.03 hereof.

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

Flexible Mode has the meaning set forth in the form of Flexible Bonds in Section 3.01(a)(i).

Flexible Mode means the Interest Rate Mode during which the 2025 Bonds bear interest at the Flexible Rate.

Flexible Mode means the Mode during which the Bonds bear interest at the Flexible

Flexible Mode is defined in the Ordinance.