Flexible Rate Mode definition

Flexible Rate Mode means each period, comprised of Flexible Segments, during which Revenue Bonds and bonds of Series LL bear interest at Flexible Rates.
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Flexible Rate Mode means each period, comprised of Flexible Segments, during which Chicago Revenue Bonds and bonds of Series GG bear interest at Flexible Rates.
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Flexible Rate Mode means the Mode in which the interest rate on the Bonds is set at the Flexible Rate.
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Examples of Flexible Rate Mode in a sentence

  • The Paying Agent/Registrar shall also be the tender agent with respect to the tender and purchase of the Bonds in the Flexible Rate Mode, Daily Rate Mode, or Weekly Rate Mode or in the Auction Rate Mode in accordance with the Standard Provisions Resolution.

  • The Paying Agent/Registrar shall also be the tender agent with respect to the tender and purchase of the Bonds in the Flexible Rate Mode, Daily Rate Mode, or Weekly Rate Mode or in the Auction Rate Mode in accordance with the Standard Provisions Resolution with such changes as may be determined by the U.T. System Representative to be reasonably necessary to effectuate the sale and delivery of the Bonds as set forth in the Award Certificate.

  • The Paying Agent/Registrar shall also be the tender agent with respect to the tender and purchase of the Bonds in the Flexible Rate Mode, Daily Rate Mode, or Weekly Rate Mode or in the Auction Rate Mode in accordance with the Standard Provisions Resolution with such changes as may be determined by the U.T. System Representative to bereasonably necessary to effectuate the sale and delivery of the Bonds as set forth in the Award Certificate.

  • The rates of interest on the $87.5 million aggregate principal amount of the City of Chicago 2000 Bonds are subject to adjustment each week and $87.5 million aggregate principal is adjusted during a period of at least one day but not more than 270 days (Flexible Rate Mode).

  • Interest on the Bonds in a Flexible Rate Mode, Daily Rate Mode, or Weekly Rate 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 upon the calendar year in which the Rate Period for that Bond commences.

  • Conversions (i) to the Flexible Rate Mode shall also be governed by part (a)(A), (ii) to the Daily Rate Mode shall also be governed by part (a)(B), (iii) to the Fixed Rate Mode shall also be governed by part (a)(D) of this Section, and (v) to the Auction Rate Mode shall also be governed by part (a)(C) of this Section.

  • Notice of a conversion of Bonds from the Flexible Rate Mode and the mandatory tender of Bonds for purchase on such Conversion Date shall be given to the owners of such Bonds as provided in part (a)(A)(3) of this Section and the Form of the Bonds.

  • During the Flexible Rate Mode, the Term Rate Mode, the Semi- Annual Mode, the Annual Mode and the Fixed Rate Mode, payment will be made on each Interest Payment Date for unpaid interest accrued to but not including such Interest Payment Date.

  • There is hereby created by the Board and established a "Board of Regents of The University of Texas System Revenue Financing System Bonds, Twenty-Second Supplement, Bond Purchase Fund" (the "Bond Purchase Fund") with respect to the Bonds in a Flexible Rate Mode, a Daily Rate Mode, a Weekly Rate Mode, or an Auction Rate Mode to be held as a separate escrow fund, in trust and administered and distributed by the Paying Agent/Registrar as provided in the Standard Provisions Resolution.

  • 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 Mode

Flexible Rate Mode means the Interest Rate Mode during which the Bonds of a Series bear interest at Flexible Rates for Flexible Periods established in accordance with this First Supplemental Indenture.
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Flexible Rate Mode means each period, comprised of Flexible Segments, during which Revenue Bonds and bonds of Series RR bear interest at Flexible Rates.
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Flexible Rate Mode means the Mode in which the duration of each Adjustment Period is determined in accordance with clause (b) of the definition of Adjustment Period and each such Adjustment Period is equal to or less than one year.
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Related to Flexible Rate Mode

  • 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.

  • 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 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.

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

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

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

  • Fixed Rate Period has the meaning specified in Section 2.1.

  • Base Rate Advance means an Advance that bears interest at a rate based upon the Base Rate.

  • Weekly Rate means an interest rate on the Bonds set under Section 2.02(a)(2).

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

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

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

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

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

  • ABR Advance means an Advance which bears interest at the Alternate Base Rate.

  • Variable Rate Transaction shall have the meaning ascribed to such term in Section 4.12(b).

  • 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.

  • Base Rate Option means the option of the Borrower to have Loans bear interest at the rate and under the terms set forth in Section 4.1.1(a)(i) [Revolving Credit Base Rate Option].

  • Pricing Rate Period means, with respect to any Transaction and any Remittance Date (a) in the case of the first Pricing Rate Period, the period commencing on and including the Purchase Date for such Transaction and ending on and excluding the following Remittance Date, and (b) in the case of any subsequent Pricing Rate Period, the period commencing on and including the immediately preceding Remittance Date and ending on and excluding such Remittance Date; provided, however, that in no event shall any Pricing Rate Period for a Purchased Asset end subsequent to the Repurchase Date for such Purchased Asset.

  • Quarterly Floating Rate Period means, for the initial Quarterly Floating Rate Period, the period commencing on September 20, 2018 and ending on and including December 19, 2018, and thereafter the period from and including the day immediately following the end of the immediately preceding Quarterly Floating Rate Period to but excluding the next succeeding Quarterly Commencement Date.

  • Interest Rate Period means that period of time for which the interest rate with respect to the Bonds has been determined by the Remarketing Agent or otherwise as provided in the definition of the applicable Interest Rate Mode, commencing on the applicable Interest Rate Adjustment Date, and terminating on the day immediately preceding the following Interest Rate Adjustment Date, if any.

  • Alternative Currency Term Rate means, for any Interest Period, with respect to any Credit Extension:

  • Applicable Rate means a percentage per annum equal to:

  • 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.

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

Most Referenced Clauses

Most Referenced Definitions