Flexible Rate Bonds definition

Flexible Rate Bonds means Bonds bearing interest at a Flexible Rate pursuant to Section
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Flexible Rate Bonds means the 2022 Series B Bonds during the time such 2022 Series B Bonds bear interest at a Flexible Rate.
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Flexible Rate Bonds means the 2024 Series C Bonds during the time such 2024 Series C Bonds bear interest at a Flexible Rate.
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Examples of Flexible Rate Bonds in a sentence

  • 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.

  • 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.

  • 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.

  • 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.

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

  • While the Bonds or a Series of 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 Effective Rate for Flexible Rate Bonds shall be determined pursuant to Section C206.

  • 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.

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


More Definitions of Flexible Rate Bonds

Flexible Rate Bonds means the Bonds during the Flexible Rate Mode.
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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.
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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 interest rate on the Bonds established in accordance with Section 2.03(b) hereof.

  • Variable Rate means a per annum rate of interest, equal to LIBOR plus 1.48%, 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 2020 Series D Variable Rate Bonds bears interest at the Weekly Rate.

  • Daily Rate Period means a period commencing on one Business Day and extending to, but not including, the next succeeding Business Day, during which Multi-Modal Bonds bear interest at the Daily Rate.

  • Reference Rate Loan means any Committed Loan that bears interest at a rate determined with 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 bears interest at the Floating Rate.

  • Base Rate Term Loan means any portion of the Term Loan during any period in which it bears interest based on the Base Rate.

  • Daily Rate for any RFR Banking Day is:

  • Base Rate Advance means an Advance that bears interest as provided in Section 2.07(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.