Monthly Rate Period definition

Monthly Rate Period means any period during which Bonds bear interest at a Monthly Rate which period shall commence with the effective date of the Change in the Interest Rate Mode to a Monthly Rate and shall extend through the day immediately preceding the earlier of (a) the effective date of another Change in the Interest Rate Mode or (b) the Stated Maturity.
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Monthly Rate Period means each period during which the Bonds bear interest at a Monthly Rate.
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Monthly Rate Period means (1) the period beginning on a Conversion Date and ending on the day preceding the first Business Day of the month following such Conversion Date and (2) the period beginning on the first Business Day of a calendar month and ending on the day preceding the first Business Day of the following calendar month.
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Examples of Monthly Rate Period in a sentence

  • During any Monthly Rate Period the Bonds will bear interest at the Monthly Rate.

  • During any Monthly Rate Period, the Bonds shall be subject to redemption on each Interest Payment Date, as a whole or in part, at the principal amount thereof.

  • Sale of home due to 15Help (See Tax help)Houseboats:Mortgages, seller-financed .............

  • The Effective Date shall be the first Business Day of a month if the preceding Interest Rate Period is a Flexible, Daily, Weekly, or Monthly Rate Period and shall be the first day of a month if the preceding Interest Rate Period is a Quarterly, Semiannual, or Multiannual Rate Period.

  • During any Monthly Rate Period, the Remarketing Agent will determine the Proposed Rate for the applicable Interest Period by 2:00 p.m., Local Time, on the Proposed Rate Computation Date.


More Definitions of Monthly Rate Period

Monthly Rate Period means the period during which Monthly Rates are in effect for the Series A of 2020 Bonds.
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Monthly Rate Period means, with respect to a Series of Bonds, any period during which such Series bears interest at a Monthly Rate.
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Monthly Rate Period means (a) the period from and including the effective date of any change to the Monthly Rate Mode with respect to the Bonds to and including the last day of the calendar month beginning on such effective date, and (b) each calendar month thereafter, so long as the Bonds continues to bear interest at a Monthly Rate.
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Monthly Rate Period means any period during which Bonds bear interest at a Monthly Rate which period shall commence with the effective date of the Change in the Interest Rate Mode to a Monthly Rate and shall extend through the day immediately preceding the earlier of (a) the effective date of another
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Monthly Rate Period means each Rate Period during which a Bond bears interest at a Monthly Rate.
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Monthly Rate Period means each period during which a Bond bears interest at a Monthly Rate commencing on the first Business Day of each calendar month and ending on the last day prior to the first Business Day of the following month.
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Monthly Rate Period means each period during which a Subseries of the Series 2008C2-C3 Bonds bears interest at a Monthly Rate in accordance with the Series 2008C Supplemental Ordinance.
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