Flexible Rate Conversion Date definition

Flexible Rate Conversion Date means the date on which the Bonds are converted to bear interest at Flexible Rates pursuant to Section 3.03(b).
Sample 1Sample 2Sample 3
Flexible Rate Conversion Date means the day on which interest on 2010 Bonds of a Series begin to accrue at a Flexible Rate for such Series following conversion from a different Variable Rate pursuant to Section 2.03(h).
Sample 1
Flexible Rate Conversion Date means each day on which all or any portion of the 2024 Series C Bonds bear interest at Flexible Rates which is immediately preceded by a day on which such 2024 Series C Bonds did not bear interest at Flexible Rates and which Flexible Rate Conversion Date shall be an Interest Payment Date on which interest is payable for the Variable Rate Period from which the Conversion is to be made.
Sample 1

Examples of Flexible Rate Conversion Date in a sentence

  • Subject to Section 3.03(b)(vi), while a Bank is obligated to purchase Bonds pursuant to a Liquidity Facility, each such Bond to be converted to a Flexible Rate Period pursuant to Section 3.03(b) are subject to mandatory tender for purchase on the applicable Flexible Rate Conversion Date at the Purchase Price.

  • On any Flexible Rate Conversion Date pursuant to Section 3.3(b) hereof, the Tax Exempt Bonds are subject to mandatory tender for purchase on the applicable Conversion Date at a purchase price equal to the principal amount thereof plus accrued interest, if any.

  • Flexible Rate Periods shall commence on a Flexible Rate Conversion Date, which shall be the first Business Day of a calendar month, subject to the provisions of subsection (h) of this Section, and end on the last day of the Flexible Rate Period.

  • For any Bonds supported by a Liquidity Agreement, on any Flexible Rate Conversion Date pursuant to Section 3.03(b), the Bonds, while the Bank is obligated to purchase the Bonds pursuant to the Liquidity Agreement, are subject to mandatory tender for purchase on the applicable Conversion Date at the appropriate Purchase Price.


More Definitions of Flexible Rate Conversion Date

Flexible Rate Conversion Date means each day on which the Bonds accrue interest at Flexible Rates which is immediately preceded by a day on which the Bonds did not accrue interest at Flexible Rates.
Sample 1
Flexible Rate Conversion Date means the date on which all or a part of the Bonds begin to bear interest at Flexible Rates pursuant to Section 3.03(b) of this Order.
Sample 1
Flexible Rate Conversion Date means the date on which the Bonds are converted to bear
Sample 1
Flexible Rate Conversion Date means the day on which interest on a Series of Bonds begins to accrue at a Flexible Rate following conversion from a different Variable Rate pursuant to the Indenture.
Sample 1
Flexible Rate Conversion Date means the day on which the Bonds begin to accrue interest at a Flexible Rate pursuant to the Loan and Trust Agreement which is immediately preceded by a day on which the Bonds did not accrue interest at a Flexible Rate or accrued interest at a Flexible Rate during a different Flexible Rate Period.
Sample 1
Flexible Rate Conversion Date means the day on which interest on 2010 Bonds of a Series begin to accrue at a Flexible Rate for such Series following conversion from a different Variable Rate pursuant to Section 2.03(h).
Sample 1

Related to Flexible Rate Conversion Date

  • Conversion Date shall have the meaning set forth in Section 4(a).

  • Term Loan Conversion Date means the Termination Date on which all Revolving Credit Advances outstanding on such date are converted into a term loan pursuant to Section 2.06.

  • Weekly Rate Period means any period of time during which a Group of 2024 Series A Variable Rate Bonds bears interest at the Weekly Rate.

  • Variable Rate means a per annum rate of interest, equal to LIBOR plus 2.85%, as determined on the LIBOR Determination Date preceding each Interest Payment Date, reset quarterly, commencing upon expiration of the Fixed Rate Period.

  • Interest Conversion Price means, with respect to any Interest Date, that price which shall be computed as 100.0% of the arithmetic average of the Weighted Average Price of the Common Stock on each of the ten (10) consecutive Trading Days immediately preceding the applicable Interest Date (each, an “Interest Measuring Period”). All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction during such period.

  • Alternate Conversion Price means, with respect to any Alternate Conversion that price which shall be the lowest of (i) the applicable Conversion Price as in effect on the applicable Conversion Date of the applicable Alternate Conversion, and (ii) the greater of (x) the Floor Price and (y) 80% of the lowest VWAP of the Common Stock during the five (5) consecutive Trading Day period ending and including the Trading Day immediately preceding the delivery or deemed delivery of the applicable Conversion Notice (such period, the “Alternate Conversion Measuring Period”). All such determinations to be appropriately adjusted for any stock dividend, stock split, stock combination, reclassification or similar transaction that proportionately decreases or increases the Common Stock during such Alternate Conversion Measuring Period.

  • Fixed Rate Period shall have the meaning in the form of Security set forth in Section 2.1.