Interest Mode definition

Interest Mode means a period of time relating to the frequency with which the interest rate on the Bonds is determined pursuant to Section 203 hereof, which Interest Mode may be a Weekly Mode, a Monthly Mode, a Semiannual Mode, an Annual Mode or a Multiyear Mode. Pledged Bonds bear interest at the Pledged Bond Rate and are not subject to such Interest Mode descriptions.

Interest Mode means a period of time relating to the frequency with which the interest rate on the 2002 Series B Bonds is determined pursuant to the Eleventh Supplemental Indenture. An Interest Mode may be the Auction Mode, the Daily Mode, the Weekly Mode, the Flexible Mode, the Term Mode or the Fixed Mode.

Interest Mode means the Weekly Mode, the Term Mode or the Fixed

Examples of Interest Mode in a sentence

• Any Bondowner required to tender Bonds under this subsection (a) shall tender its Bonds to the Tender Agent for purchase at its Principal Office prior to 10:30 A.M., New York Time, on the Termination Date or the Interest Mode Adjustment Date, as applicable.

• Such Interest Mode Adjustment Date shall be a Rate Adjustment Date for the Bonds in such new Interest Mode.

• If the Bonds are in any Interest Mode other than a Multiyear Mode, the Alternate Credit Facility Date must be a Rate Adjustment Date.

• Any Bondowner required to tender Bonds under this subsection (1) shall tender its Bonds to the Tender Agent for purchase at its Principal Office prior to 10:30 a.m., New York Time, on the Termination Date or the Interest Mode Adjustment Date, as applicable.

• Upon the exercise of such option by the Borrower and upon the Trustee's receipt of the prior written consent of the Credit Enhancer to the exercise of such option, not less than 30 days prior to the Interest Mode Adjustment Date, the Trustee shall mail an Interest Mode Adjustment Notice to each Owner of Bonds, and, in the event of a conversion to a Weekly Mode or a Monthly Mode from any other Interest Mode, a Notice of Election to Tender Bonds in substantially the form as provided in the Indenture.

More Definitions of Interest Mode

Interest Mode means an interest rate mechanism applicable to the Bonds as determined pursuant to Section 2.3, 2.4 or 2.5 of this Indenture. An Interest Mode may be a Daily Mode, a Weekly Mode, a Flexible Mode, or a Fixed Mode.

Interest Mode means a period of time relating to the frequency with which the interest rate on the Bonds is determined pursuant to Article IV of the Bond Indenture; an Interest Mode may be the Initial Mode, a Term Mode, a Weekly Mode or a Fixed Mode.

Interest Mode or "Mode" means the ARS Mode, a Variable Rate Mode or the Fixed

Interest Mode means a period of time relating to the frequency with which the interest rate on the Bonds is determined pursuant to Section 3.5 hereof, which Interest Mode may be a Weekly Mode or a Fixed Mode.

Interest Mode means (i) a Daily Mode (comprised of separate Daily Interest Periods), (ii) a Weekly Mode (comprised of separate Weekly Interest Periods), (iii) a Short-Term Mode (comprised of separate Short-Term Interest Periods), (iv) a Fixed Mode, or (v) an Indexed Put Mode (comprised of separate Indexed Put Interest Periods).

Interest Mode means the Daily Rate Mode, the Weekly Rate Mode, the Commercial Paper Mode or the Long-Term Interest Rate Mode, as appropriate. "Interest Payment Date" means (a) for interest accrued during any Daily Rate Period, the first Business Day of each month, commencing with the first Business Day of the month next succeeding each Daily Rate Conversion Date, or, if applicable, the Closing Date, any Purchase Date established pursuant to Section 2.03(b) or any date upon which the outstanding principal amount of Bonds becomes due, (b) for interest accrued during any Weekly Rate Period, the first Business Day of each month, commencing with the first Business Day of the month next succeeding each Weekly Rate Conversion Date, or, if applicable, the Closing Date, any Purchase Date established pursuant to Section 2.03(b) or any date upon which the outstanding principal amount of Bonds becomes due, (c) for interest accrued during any Long-Term Interest Rate Period, the first date of the sixth calendar month following the Long-Term Interest Rate Conversion Date and the first day of each successive sixth calendar month, if any, of such Long-Term Interest Rate Period; provided, however, the final Interest Payment Date with respect to any such Long-Term Interest Rate Period shall be the first Business Day of the calendar month immediately following the expiration of such Long-Term Interest Rate Period, or the maturity date of the Bonds and (d) for interest accrued during any Commercial Paper Period, the Business Day which immediately succeeds the last date of any Commercial Paper Period applicable to any Bond.

Interest Mode with respect to Class A-1 Notes and Note Portions shall mean from time to time all such Notes or Note Portions that (i) have the same Interest Period terminating on the same day, (ii) bear interest at ABR or (iii) bear interest at the Pledge Rate.