Flexible Rate Bond definition

Flexible Rate Bond means a Bond in the Flexible Mode.
Sample 1Sample 2
Flexible Rate Bond means the Bonds in the Flexible Mode.
Sample 1
Flexible Rate Bond. A Bond in the Flexible Mode. “Flexible Rate Period” — The period of from one to 270 calendar days (which period must end on a day preceding a Business Day) during which a Flexible Rate Bond shall bear interest at a Flexible Rate, as established by the Remarketing Agent pursuant to Section 2.5 hereof. The Bonds in the Flexible Mode may be in different Flexible Rate Periods.
Sample 1

Examples of Flexible Rate Bond in a sentence

  • A Flexible Rate Bond can have an Interest Period, and bear interest at a Flexible Rate, different than another Flexible Rate Bond.

  • The District, prior to the effective date of a Change in Mode to the Flexible Rate Mode or the Term Rate Mode, and on each Rate Determination Date for a Flexible Rate Bond or a Term Rate Bond, shall notify the Trustee, the Remarketing Agent and the Liquidity Provider of the Adjustment Periods and principal amount of Bonds for each Adjustment Period by Electronic Notice and shall confirm such notice in writing as soon as practicable thereafter.

  • If change to an Alternate Rate would take effect after a Flexible Rate Period, then for any Flexible Rate Bond having a Flexible Rate Term which ends before the effective date of the Alternate Rate, the Remarketing Agent shall determine Flexible Rate Terms that will best promote an orderly transition to the Alternate Rate Period, such that the day next succeeding the last day of all Flexible Rate Terms with respect to the Series 2005A Bonds shall be the effective date of the Alternate Rate Period.

  • If the Series 2005A Interest Rate Period is being adjusted from a Flexible Rate Period to a Weekly Rate Period, then for any Flexible Rate Bond having a Flexible Rate Term which ends before the effective date of the Weekly Rate Period, the Remarketing Agent shall determine Flexible Rate Terms for such Flexible Rate Bonds which may extend to, but not beyond, such effective date.

  • The District may, subject to clause (b) of the definition of Adjustment Period and subject to subsection (b) of this Section, at or about 8:00 a.m. on the Rate Determination Date for each Adjustment Period for a Flexible Rate Bond or a Term Rate Bond specify a different Adjustment Period or a different principal amount of Bonds for such Adjustment Period than that in existence on the date preceding such Rate Determination Date.

  • If, for any reason, a Flexible Rate or Term Rate is not so established by the Remarketing Agent for any Flexible Rate Bond or Term Rate Bond, or if such Flexible Rate or Term Rate is determined by a court of law to be invalid or unenforceable, then the Flexible Rate or Term Rate for such Flexible Rate Bond or Term Rate Bond, respectively, shall be the rate per annum equal to the Alternate Rate on the first day of such Flexible Rate Mode or Term Rate Mode, as applicable.


More Definitions of Flexible Rate Bond

Flexible Rate Bond means any Series 2005A Bond bearing interest at a Flexible Rate.
Sample 1

Related to Flexible Rate Bond

  • Variable Rate Bonds means Current Interest Bonds, which may be either Serial Bonds or Term Bonds, issued with a variable, adjustable, convertible or other similar interest rate which is not fixed in percentage for the entire term thereof at the date of issue, which Bonds may also be Option Bonds. Section 102.Rules of Construction. Words of the masculine gender shall be deemed and construed to include correlative words of the feminine and neuter genders. Unless the context shall otherwise indicate, the words "Bond," "Escrow Agent," "Owner," "person," "Paying Agent," and "Bond Registrar" shall include the plural as well as the singular number and the word "person" shall mean any individual, corporation partnership, joint venture, association, joint stock company, trust, unincorporated organization or government or any agency or political subdivision thereof. All references to applicable provisions of Law shall be deemed to include any and all amendments thereto.

  • Reference Rate Advance means an Advance which bears interest as provided in Section 2.09(a).

  • 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.

  • Reference Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the Reference Rate.

  • Variable Rate means a per annum rate of interest, equal to LIBOR plus 1.68%, as determined on the LIBOR Determination Date preceding each Interest Payment Date, reset quarterly, commencing upon expiration of the Fixed Rate Period.

  • Adjustable Rate Mortgage Loan A Mortgage Loan serviced pursuant to this Agreement under which the Mortgage Interest Rate is adjusted from time to time in accordance with the terms and provisions of the related Mortgage Note.

  • Weekly Rate means the rate of interest on a Group of 2024 Series A Variable Rate Bonds described in Section 301 of Appendix A hereto.

  • Base Rate Borrowing means a Borrowing comprised of Base Rate Loans.

  • Base Rate Advance means an Advance that bears interest as provided in Section 2.06(a)(i).

  • Adjustable Rate Certificates The Class A Certificates and the Mezzanine Certificates.

  • Fixed Rate Borrowing means a Borrowing comprised of Fixed Rate Loans.

  • Floating Rate Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the Floating Rate.

  • Daily Rate Period means any period of time during which a Group of 2023 Series B Variable Rate Bonds bears interest at the Daily Rate.

  • Weekly Rate Period means any period of time during which a Group of 2021 Series J Variable Rate Bonds bears interest at the Weekly Rate.

  • Fixed Rate Advance means an Advance which bears interest at a Fixed Rate.

  • Base Rate Committed Loan means a Committed Loan that is a Base Rate Loan.

  • Base Rate Term Loan means a Term Loan that is a Base Rate Loan.

  • Reference Bond Rate means, with respect to any date of redemption, the rate per annum equal to the annual or semi-annual yield (as the case may be) to maturity or interpolated yield to maturity (on the relevant day count basis) of the Reference Bond, assuming a price for the Reference Bond (expressed as a percentage of its nominal amount) equal to the Reference Bond Price for such date of redemption;

  • Daily Rate means the rate specified as such in the Reference Rate Terms.

  • LIBOR Advance means an Advance bearing interest at a rate based upon the LIBOR Rate.

  • Prime Rate Advance means an Advance that bears interest based at the Prime Rate.

  • LIBOR Rate Advance means an Advance which bears interest at a LIBOR Rate.

  • Applicable Advance Rate For each Collateral Obligation and for the applicable number of Business Days between the certification date for a sale or participation required by Section 9.4 and the expected date of such sale or participation, the percentage specified below: Senior Secured Loans with a Market Value of: 90% or more of par 100 % 93 % 92 % 88 % Below 90% of par 100 % 80 % 73 % 60 % Other Collateral Obligations with a Xxxxx’x Rating of at least “B3” and a Market Value of 90% or more of par 100 % 89 % 85 % 75 % All other Collateral Obligations 100 % 75 % 65 % 45 %

  • Interest Rate Period means any Daily Interest Rate Period, Weekly Interest Rate Period, Short-Term Interest Rate Period, Long- Term Interest Rate Period or ARS Interest Rate Period.

  • Base Rate Loan means a Loan that bears interest based on the Base Rate.

  • Floating Rate Period shall have the meaning set forth in Section 2.05(b) hereof.