Examples of Multiannual Mode in a sentence
The period for and the manner in which the interest rates on the Bonds, or any portion of the Bonds, are set and includes the Daily Mode, the Flexible Mode, the Weekly Mode, the Monthly Mode, the Quarterly Mode, the Semiannual Mode, the Multiannual Mode, the Index Floating Rate Mode and the Fixed Rate Mode.
The interest on the Bonds in a Fixed Rate Mode, Multiannual Mode, Semiannual Mode or Quarterly Mode shall be payable on the applicable Interest Payment Date as herein described, computed on the basis of a 360-day year of twelve 30-day months.
Bonds in the Daily Mode, the Flexible Mode, the Weekly Mode, the Monthly Mode, the Quarterly Mode, the Semiannual Mode, the Multiannual Mode or such other mode or provisions as set forth in each Award Certificate.
Bonds in the Multiannual Mode are subject to mandatory tender for purchase as provided in the form of Bond and in Section 2.11 hereof.
The Bonds may be converted in whole or in part to the Daily Mode, the Flexible Mode, the Weekly Mode, the Monthly Mode, the Quarterly Mode, the Semiannual Mode, any Interest Rate Period in the Multiannual Mode or the Fixed Rate Mode upon compliance with the conditions set forth in this Indenture.
The Company shall appoint, with the consent of the Authority, and, if a Credit Facility is in effect, the Bank, a Remarketing Agent when any Bonds are in the Flexible Mode, Weekly or Multiannual Mode.
The Commission shallcause a Liquidity Agreement to be continuously maintained in full force and effect (except afterthe Bonds have been converted to the Multiannual Rate, the Index Floating Rate or the Fixed Rate) in an amount equal to the principal amount of the Outstanding Bonds, until all of the Bonds have been paid in full, their payment provided for in accordance with the Resolution, or the Bonds are converted to the Multiannual Mode, Index Floating Rate Mode or the Fixed Rate Mode.
While the Bonds are in the Flexible, Weekly or Multiannual Mode, the Remarketing Agent shall solicit offers to purchase and use its best efforts to find a purchaser for Tendered Bonds, Pledged Bonds and Company Bonds, provided that Bonds supported by a Credit Facility shall not be remarketed to the Authority, the Company or "insiders" of either of them as that term is defined in the United States Bankruptcy Code.
The particular Bonds (or portions thereof) to be converted shall be selected by lot by the Paying Agent from all the Bonds in the Mode (or in the case of Bonds in the Multiannual Mode, the Interest Rate Period) from which Bonds are to be converted.
The particular Bonds (or portions thereof) to be converted shall be selected by the Paying Agent from all the Bonds in the Mode (or in the case of Bonds in the Multiannual Mode, the Rate Period) from which Bonds are to be converted.