Index Rate Mode definition

Index Rate Mode means the LIBOR Index Rate Mode and the SIFMA Index Rate Mode.
Sample 1Sample 2Sample 3
Index Rate Mode means the mode during which Bonds bear interest at an Index Rate. "Interest Payment Date" for a given Series of Bonds has the meaning given to it in the
Sample 1Sample 2
Index Rate Mode means the Adjustable Rate Mode in which the duration of each Adjustment Period is determined in accordance with clause (d) of the definition of Adjustment Period.
Sample 1Sample 2

Examples of Index Rate Mode in a sentence

  • The Authority shall appoint and employ the services of a Tender Agent prior to any Purchase Date or Mode Change Date while the Bonds of any Series are in the Daily Rate, Weekly Rate, the Term Rate Mode, the Index Rate Mode or the Commercial Paper Mode.

  • The Bond Coupon Rate for each Interest Rate Period while the Bonds bear interest in the SIFMA Index Rate Mode or the MMD Index Rate Mode shall be determined by the Indexing Agent on each Interest Rate Determination Date.

  • That the Series 2003D Bonds shall be tendered for mandatory purchase by Banc of America and that Wells Fargo shall become the direct purchaser of the Series 2003D Bonds pursuant to, and for the term provided in, the Wells Fargo Continuing Covenants Agreement, and such Series 2003D Bonds shall bear interest in the LIBOR Index Rate Mode in the manner provided in the Sixteenth Supplemental as amended by the Amendment to the Sixteenth Supplemental; 3.

  • That Wells shall remain the direct purchaser of the Series 2010D Bonds pursuant to, and for the term provided in, the Third Amended Wells Continuing Covenants Agreement, and such Series 2010D Bonds shall bear interest in the LIBOR Index Rate Mode in the manner provided in the Thirty-eighth Supplemental as amended by the Second Amended and Restated Amendment to the Thirty-eighth Supplemental; 3.

  • The Bonds shall initially bear interest in the [SIFMA Index Rate Mode] to but not including the Conversion Date.

  • The Bonds shall initially bear interest in the SIFMA Index Rate Mode to but not including the Conversion Date, on which date the Bonds shall be converted to bear interest in the Fixed Interest Rate Mode.

  • Notwithstanding the foregoing, while a Series of Bonds are in an Index Rate Mode, the Authority may not register such Bonds under the book entry system without the prior written consent of the Bank.

  • That U.S. Bank shall become the direct purchaser of the Series 2011B Bonds pursuant to, and for the term provided in, the U.S. Bank Continuing Covenant Agreement, and such Series 2011B Bonds shall continue to bear interest in the LIBOR Index Rate Mode in the manner provided in the Forty-first Supplemental as amended by the Second Amendment to the Forty-first Supplemental; 4.

  • Mr. Fuentes stated that the revised interest rate calculation on the Bonds during the Index Rate Mode period shall be the sum of the Adjusted LIBOR Rate index plus the amended applicable margin, multiplied by 70%.

  • When the Bonds bear interest in the Index Rate Mode, CHOA agrees to notify the Bond Trustee in writing as soon as practicable of any event that transpires which gives rise to an adjustment to the Applicable Spread.


More Definitions of Index Rate Mode

Index Rate Mode means a Rate Mode in which Reoffered Bonds bear interest at an Index Rate.
Sample 1
Index Rate Mode means the interest rate mode of a Series of the Bonds that are bearing interest at the Index Rate.
Sample 1

Related to Index Rate Mode

  • Daily Rate Period means any period of time during which a Group of 2023 Series B Variable Rate Bonds bears interest at the Daily Rate.

  • Index Rate means, for any day, a floating rate equal to the higher of (i) the rate publicly quoted from time to time by The Wall Street Journal as the "base rate on corporate loans posted by at least 75% of the nation's 30 largest banks" (or, if The Wall Street Journal ceases quoting a base rate of the type described, the highest per annum rate of interest published by the Federal Reserve Board in Federal Reserve statistical release H.15 (519) entitled "Selected Interest Rates" as the Bank prime loan rate or its equivalent), and (ii) the Federal Funds Rate plus 50 basis points per annum. Each change in any interest rate provided for in the Agreement based upon the Index Rate shall take effect at the time of such change in the Index Rate.

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

  • Floating Rate Option has the meaning given to it in the ISDA Definitions;

  • Weekly Rate Period means any period of time during which a Group of 2021 Series J Variable Rate Bonds bears interest at the Weekly Rate.

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

  • LIBOR 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)(ii) [Revolving Credit LIBOR Rate Option].

  • LIBOR Market Index Rate means, for any day, LIBOR as of that day that would be applicable for a LIBOR Loan having a one-month Interest Period determined at approximately 10:00 a.m. Central time for such day (rather than 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period as otherwise provided in the definition of “LIBOR”), or if such day is not a Business Day, the immediately preceding Business Day. The LIBOR Market Index Rate shall be determined on a daily basis.

  • 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].

  • Euro-Rate Option shall have the meaning set forth in Section 2.04(a)(ii) hereof.

  • Index Rate Loan means a Loan or portion thereof bearing interest by reference to the Index Rate.

  • Interest Rate Option means any LIBOR Rate Option or Base Rate Option.

  • Initial Fixed Rate Period means the period commencing on the Issue Date and ending on and including June 30, 2020.

  • 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.

  • Special Rate Period with respect to the VRDP Shares, has the meaning specified in paragraph (a) of Section 4 of Part I of the Articles Supplementary.

  • Non-LIBOR Quoted Currency means any currency other than a LIBOR Quoted Currency.

  • 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.

  • SOFR Rate Day has the meaning specified in the definition of “Daily Simple SOFR”.

  • LIBOR Index Rate means, for any Interest Period, the rate per annum (rounded upwards, if necessary, to the next higher one hundred-thousandth of a percentage point) for deposits in U.S. Dollars for a period equal to such Interest Period, which appears on the LIBOR01 Page as of 11:00 a.m. (London, England time) on the day two (2) Business Days before the commencement of such Interest Period.

  • LIBOR Quoted Currency means each of the following currencies: Dollars; Euro; Sterling; Yen; and Swiss Franc; in each case as long as there is a published LIBOR rate with respect thereto.

  • 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.

  • Mid-Market Swap Rate Quotation means a quotation (expressed as a percentage rate per annum) for the relevant Mid-Market Swap Rate;

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

  • 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.

  • 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.