Flexible Rate Period definition

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

Flexible Rate Period means each period, comprised of Flexible Segments, during which the Bonds bear interest at Flexible Rates.

Flexible Rate Period means with respect to any Bond, each period (which may be from one day to 270 days, or such lower maximum number of days as is then permitted under the Indenture) determined for such Bond, as provided in the Indenture.

Examples of Flexible Rate Period in a sentence

• During any Daily Rate Period, Weekly Rate Period or Flexible Rate Period, interest on the related Bonds shall be computed upon the basis of a 365 or 366-day year, as applicable, for the number of days actually elapsed.

• At any time during a Flexible Rate Period, the Borrower may elect that the Bonds shall no longer bear interest at Flexible Rates and shall instead bear interest as otherwise permitted under this Indenture.

• Except with respect to an adjustment to a Flexible Rate Period from a Flexible Rate Period, the Trustee shall give notice of an adjustment to a Flexible Rate Period to Bondholders, by first class mail, postage prepaid, not less than twelve (12) days prior to the effective date of such Flexible Rate Period.

• Pursuant to the Indenture: (a) all of the Bonds that are allocable to the Loan shall initially bear interest at the Flexible Rate until the date, if any, upon which the Interest Rate determination method is changed as described in the Indenture, (b) while the Bonds bear interest at the Flexible Rate, interest shall be payable in arrears at the end of each applicable Flexible Rate Period, and (c) all interest on the Bonds shall be paid from the proceeds of an Interest Drawing under the Letter of Credit.

• Each Flexible Rate Period and mandatory tender date for a Bond shall be established on the date of purchase of such Bond as hereinafter provided.

More Definitions of Flexible Rate Period

Flexible Rate Period means each period (not less than 7 calendar days and not exceeding 270 calendar days) during which a Bond bears interest at a Flexible Rate.

Flexible Rate Period means any period of time during which a Series of 2023 Series C Bonds bears interest at the Flexible Rate.

Flexible Rate Period means each period during which a 2024 Series C Bond bears interest at a Flexible Rate.

Flexible Rate Period means each period, comprised of Flexible Segments, during which Bonds of a Tax-Exempt Series bear interest at Flexible Rates.

Flexible Rate Period means the period of from one to 270 calendar days (which period must end on 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 505 hereof. The Bonds in the Flexible Mode may be in different Flexible Rate Periods.

Flexible Rate Period means each Rate Period during which a Bond bears interest at a Flexible Rate.

Flexible Rate Period means each period (not to exceed 270 calendar days) during which a Bond bears interest at a Flexible Rate, including a Daily Flexible Rate Period or Seven Day Flexible Rate Period established pursuant to Section 3.03(a)(iii).