Flexible Segment definition

Flexible Segment means, with respect to each Bond bearing interest at a Flexible Interest Rate, the period established in accordance with Section 2.07(a) hereof.
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Flexible Segment means, with respect to the Bonds bearing interest at a Flexible Rate, the period established in accordance with Section 2.03(d) hereof.
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Flexible Segment means, with respect to each Revenue Bond bearing interest at a Flexible Rate, the period established in accordance with Section 8(f) of this Article I and Section 203(f) of the Revenue Bond Indenture.
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Examples of Flexible Segment in a sentence

  • The establishment and determination by the Remarketing Agent or the Auction Agent, as applicable, of each Daily Rate, Weekly Rate, Term Rate, each Flexible Segment and Flexible Rate and each Auction Rate shall, absent manifest error, be conclusive and binding upon the Remarketing Agent, the Auction Agent, the Liquidity Provider, the Bank, the Trustee, the Issuer, the Borrower and the Bondholders.

  • The Flexible Segment for each such Bond shall be a period of at least one day and not more than 270 days ending on a day that immediately precedes a Business Day, determined by the Remarketing Agent to be the period which, together with all such other Flexible Segments for all Bonds then Outstanding, will result in the lowest overall interest expense on the Bonds over the succeeding 270 days.

  • In no event shall the Flexible Rate for any Flexible Segment exceed the lesser of 12% per annum or the maximum rate per annum then permitted by applicable law.

  • The Complainant’s written statement or an investigator’s summary of the Complainant’s complaint(s)b.

  • The Remarketing Agent shall provide the Trustee with facsimile or telephonic notice of each Flexible Segment and Flexible Rate, as provided in Section 4.04(c) hereof.

  • If the Borrower elects the alternative in clause (2) above, the day succeeding the last day of the Flexible Segment for each such Bond shall be, with respect to such Bond, the effective date of the new Rate Period elected by the Borrower.

  • During each Taxable 31 Flexible Rate Period commencing on the date so specified and ending on the day immediately preceding the effective date of the next succeeding Rate Period, each Bond shall bear interest at a Taxable Flexible Rate during each Taxable Flexible Segment for such Bond.

  • During each Flexible Interest Rate Period commencing on the date so specified (provided that the opinion of Bond Counsel described in clause (B) above, if required, is reaffirmed as of such date) and ending on the day immediately preceding the effective date of the next succeeding Rate Period, each Bond shall bear interest at a Flexible Interest Rate during each Flexible Segment for such Bond.

  • On the day succeeding the last day of any Flexible Segment with respect to any Bonds, such Bonds shall be subject to redemption by the Issuer, at the written direction of the Borrower to the Issuer and the Trustee, in whole or in part, at 100% of their principal amount, plus accrued interest, if any, to the redemption date.

  • They are serious offences that strike at the core of the School’s values and academic integrity.


More Definitions of Flexible Segment

Flexible Segment means, with respect to each Bond bearing interest at a Flexible Rate, the period established in accordance with Section 2.03(d) hereof.
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Flexible Segment means, with respect to each Chicago Revenue Bond bearing interest at a Flexible Rate, the period established in accordance with Section 8(f) of this Article I and Section 203(f) of the Revenue Bond Indenture.
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Flexible Segment means, with respect to each Bond of a Tax-Exempt Series bearing interest at a Flexible Rate, the period established in accordance with Section 2.03(d) hereof.
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Flexible Segment means, with respect to each Bond of a series bearing interest at a Flexible Interest Rate, the period established in accordance with Section 2.02(e) hereof.
Sample 1

Related to Flexible Segment

  • Working level month (WLM) means an exposure to 1 working level for 170 hours (2,000 working hours per year divided by 12 months per year is approximately equal to 170 hours per month).

  • Model Year means the CI engine manufacturer’s annual production period, which includes January 1st of a calendar year, or if the manufacturer has no annual production period, the calendar year.

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.

  • Yearly (1/Year) sampling frequency means the sampling shall be done in the month of September, unless specifically identified otherwise in the effluent limitations and monitoring requirements table.

  • Business Unit means the assets constituting the business or a division or operating unit thereof of any Person.

  • Contract Year means each period of twelve (12) consecutive months during the Initial Term of this Agreement, with the first Contract Year commencing on the Effective Date, and with each subsequent Contract Year commencing on the anniversary of the Effective Date.