Examples of Multiannual Mode in a sentence
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 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.
For purposes of this Subsection 310(a), references to the term Mode shall be deemed to include different Rate Periods within the Multiannual Mode.
On each Effective Date, Bonds in the Multiannual Mode are subject to mandatory tender for purchase as provided in the forms of Multiannual Bond.
The Commission shall cause a Credit Facility tobe continuously maintained in full force and effect (except after the Bonds have been convertedto 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, the Index Floating Rate Mode or 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.
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.
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 Bonds may be converted in whole or in part to the Flexible Mode, the Weekly Mode, any Rate Period in the Multiannual Mode or the Fixed Rate Mode upon compliance with the conditions set forth in this Agreement.
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