Flexible Rate Bonds definition

Flexible Rate Bonds means 2021 Series [ ] Bonds bearing interest at a Flexible Rate. “Flexible Rate Segment” means, with respect to a Variable Rate Bond bearing interest at aFlexible Rate, the period established in accordance with the provisions of Section C206 hereof.
Sample 1
Flexible Rate Bonds means the 2022 Series B Bonds during the time such 2022 Series B Bonds bear interest at a Flexible Rate.
Sample 1
Flexible Rate Bonds means Bonds bearing interest at a Flexible Rate pursuant to Section
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Examples of Flexible Rate Bonds in a sentence

  • The Remarketing Agent will transfer proceeds from the remarketing of tendered Variable Rate or Flexible Rate Bonds directly to DTC to be distributed in accordance with DTC’s normal procedures.

  • Evidence of beneficial ownership in Variable Rate or Flexible Rate Bonds purchased with such remarketing proceeds shall be provided to the purchasers thereof according to DTC’s normal procedures.

  • This Section 2.10 shall apply with respect to tenders and purchases of Variable Rate and Flexible Rate Bonds held in the Book-Entry Only System.

  • No notice shall be given of the Mandatory Purchase Date at the end of each Interest Period for Flexible Rate Bonds.

  • The Flexible Rate or Term Rate for each Adjustment Period for Flexible Rate Bonds or Term Rate Bonds, respectively, shall be the rate of interest per annum determined by the Remarketing Agent on and as of the Rate Determination Date for such Adjustment Period as the minimum rate of interest which, in the opinion of the Remarketing Agent, would result in the sale of the Bonds on the applicable Rate Determination Date at a price equal to the principal amount thereof.

  • If fewer than all Flexible Rate Bonds having the same Mandatory Repurchase Date (selected for redemption as set forth in the immediately preceding sentence) are to be redeemed, the Fiscal Agent shall select the Flexible Rate Bonds to be redeemed on such Mandatory Repurchase Date by lot or other method it deems in its sole discretion to be fair and appropriate.

  • While the 2003 Bonds or a Series of 2003 Bonds bear interest at the Flexible Rate, Bonds may have successive Rate Periods and any Bond may bear interest at a rate and for a Rate Period different from any other Bond.

  • The Trustee will prepare and the Fiscal Agent will send to the holders of Series 2005A Bonds subject to mandatory repurchase and to the Remarketing Agent, the Bank and the Company a Notice of Mandatory Repurchase at least fifteen (15) days but not more than 60 days before the Mandatory Repurchase Date, except that no such Notice of Mandatory Repurchase will be given to holders of Flexible Rate Bonds if the mandatory repurchase is being made pursuant to Section 3.07(a)(i) above.

  • The Flexible Rate and Term Rate for the Flexible Rate Bonds and the Term Rate Bonds, respectively, shall be determined in accordance with the following procedure.

  • Evidence of beneficial ownership inVariable Rate or Flexible Rate Bonds purchased with such remarketing proceeds shall be provided to the purchasers thereof according to DTC’s normal procedures.


More Definitions of Flexible Rate Bonds

Flexible Rate Bonds means the Bonds during the Flexible Rate Mode.
Sample 1
Flexible Rate Bonds means the 2024 Series C Bonds during the time such 2024 Series C Bonds bear interest at a Flexible Rate.
Sample 1

Related to Flexible Rate Bonds

  • 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.

  • 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.

  • 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.

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

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

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

  • 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.

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

  • 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.

  • 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.

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

  • 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.

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

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

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

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

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

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

  • Latest Term Loan Maturity Date means, at any date of determination, the latest maturity or expiration date applicable to any Term Loan hereunder at such time, including the latest maturity or expiration date of any New Term Loan or any Extended Term Loan, in each case as extended in accordance with this Agreement from time to time.

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

  • Fixed Rate Advances has the meaning specified in Section 2.03(a)(i).

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

  • Floating Rate Loan means a Loan which bears interest at the Floating Rate.

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

  • Money Market Absolute Rate Loan means a loan to be made by a Bank pursuant to an Absolute Rate Auction.