Monthly Mode definition

Monthly Mode means an Interest Mode during which the interest rate on the Bonds is determined in monthly intervals as set forth in Section 203(d) hereof.
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Monthly Mode means an Interest Mode during which the interest rate on the Bonds is determined in monthly intervals as set forth in the Indenture.
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Monthly Mode means the Rate Mode in which interest on the Floater Certificates is reset on a monthly basis.
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Examples of Monthly Mode in a sentence

  • THE COMPANY may chose to pay premiums on an Annual or Monthly Mode as stated below.

  • At any time during the life of this Agreement, THE COMPANY may chose to change from Annual Mode to Monthly Mode and vice versa by providing THE REINSURER with written notice at least 30 days prior to change.

  • Monthly Mode If THE COMPANY elects to pay reinsurance premiums on an Monthly Mode, then for each policy reinsured under this Agreement, monthly premiums are due on the issue date and on each subsequent policy monthly date.

  • If THE COMPANY pays premiums on a Monthly Mode, the statutory reserve is the one-month term reserve on the portion of each policy reinsured by THE REINSURER.

  • THE COMPANY may chose to pay premiums in advance on an Annual or Monthly Mode as stated below.

  • Interest accrued on the Bonds during each Interest Period shall be paid on the next succeeding Interest Payment Date and, while the Bonds are in a Weekly Mode or a Monthly Mode, shall be computed on the basis of a year of 365 or 366 days, as appropriate, for the actual number of days elapsed and, while the Bonds are in a Semiannual Mode, an Annual Mode or a Multiyear Mode, shall be computed on the basis of a year of 360 days and twelve 30-day months.

  • If THE COMPANY elects to pay reinsurance premiums on a Monthly Mode, then for each policy reinsured under this Agreement, monthly premiums are due on the issue date and on each subsequent policy monthly date.

  • The interest rate for any Bonds in a Monthly Mode shall be determined in the following manner.

  • At any time during the life of this agreement, THE COMPANY may chose to change from Annual Mode to Monthly Mode and vice versa by providing THE REINSURER with written notice at least 30 days prior to change.

  • Interest on the Bonds in a Flexible Mode, Daily Mode, Weekly Mode or Monthly Mode shall be payable on the applicable Interest Payment Date as herein described, computed on the basis of a 365 or 366-day year, as applicable for the number of days actually elapsed based on the calendar year in which such Rate Period commences.


More Definitions of Monthly Mode

Monthly Mode means the Mode in which the duration of the Adjustment Period is determined in accordance with clause (d) of the definition of Adjustment Period.
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Monthly Mode means the Interest Rate Mode designated as such for the Series 1998A Bonds in accordance with Section 208.
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Monthly Mode means, with respect to the Bonds, the mode of bearing interest thereon at a Monthly Rate.
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