Initial Direct Purchase Rate Period definition
Initial Direct Purchase Rate Period means that period of time commencing on the date of initial delivery of the Bonds through and including October 31, 2015.
Initial Direct Purchase Rate Period means, with respect to the AL Bonds, that period of time commencing on the date of initial delivery of the AL Bonds through and including October 31, 2015 and, with respect to the M▇ ▇▇▇▇▇, that period of time commencing on the date of initial delivery of the M▇ ▇▇▇▇▇ through and including October 31, 2015.
Examples of Initial Direct Purchase Rate Period in a sentence
Each Lender hereby acknowledges that if it does not exercise its option to tender its Bonds at the end of the Initial Direct Purchase Rate Period, the earliest it would be afforded the option to tender its Bonds would be at the end of the next succeeding Direct Purchase Rate Period.