Quarterly Rate Period definition

Quarterly Rate Period means each period during a Quarterly Rate Mode from and commencing on the first Business Day of a calendar month to but not including the first Business Day of the third succeeding calendar month, provided that the first Quarterly Rate Period in any Quarterly Rate Mode shall be the period commencing on the effective date of such Quarterly Rate Mode to but not including the first Business Day of the third succeeding calendar month thereafter..
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Quarterly Rate Period means the period during which the Bonds bear interest at a Quarterly Rate.
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Quarterly Rate Period means each Rate Period during which a Bond bears interest at a Quarterly Rate pursuant to Section 3.2(e) hereof.
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Examples of Quarterly Rate Period in a sentence

  • During Flexible Rate Periods or any Taxable, Daily, Weekly, Monthly or Quarterly Rate Period, the principal or redemption price of the Bonds shall be payable in immediately available funds.

  • While any Tax Exempt Bonds bear interest at a Quarterly Rate the Interest Rate will be determined by the Remarketing Agent to be effective for periods commencing on the Conversion Date from a different Rate Period and on the first Business Day of each third calendar month thereafter and ending on the day prior to either the commencement date of the following Quarterly Rate Period or the Conversion Date to a different Rate Period.


More Definitions of Quarterly Rate Period

Quarterly Rate Period means each period during which a Bond bears interest at a Quarterly Rate.
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Quarterly Rate Period means the period beginning on the day following the end of the last period of the preceding interest rate mode and extending to, but not including, the first Business Day of the third calendar month after the calendar month in which such period commenced.
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Quarterly Rate Period means the period from and including a Quarterly Commencement Date to but excluding the next succeeding Quarterly Commencement Date.
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Quarterly Rate Period means, while the Series 1996 Bonds bear interest at the Quarterly Rate, the period commencing on the Quarterly Rate Conversion Date for the Series 1996 Bonds, and on the first Business Day of each third calendar month thereafter, to but excluding the first Business Day of the third calendar month thereafter.
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Related to Quarterly Rate Period

  • Quarterly Floating Rate Period means, for the initial Quarterly Floating Rate Period, the period commencing on March 20, 2020 and ending on and including June 19, 2020, and thereafter the period from and including the day immediately following the end of the immediately preceding Quarterly Floating Rate Period to but excluding the next succeeding Quarterly Commencement Date.

  • Daily Rate Period means any period of time during which a Group of 2021 Series A Variable Rate Bonds bears interest at the Daily Rate.

  • Weekly Rate Period means any period of time during which a Group of 2021 Series J Variable Rate Bonds bears interest at the Weekly Rate.

  • Term Rate Period means any period of time during which a Group of 2023 Series B Variable Rate Bonds bears interest at the Term Rate.

  • Initial Rate Period means, with respect to the VMTP Shares of any Series, the period commencing on and including the Date of Original Issue thereof and ending on, and including, the next succeeding calendar day that is a Wednesday (or if such Wednesday is not a Business Day, the next succeeding Business Day).

  • Initial Fixed Rate Period means the period commencing on the Issue Date and ending on and including June 30, 2020.

  • Fixed Rate Period shall have the meaning in the form of Security set forth in Section 2.1.

  • Pricing Rate Period means, (a) in the case of the first Pricing Rate Period with respect to any Transaction, the period commencing on and including the Purchase Date for such Transaction and ending on and excluding the following Remittance Date, and (b) in the case of any subsequent Pricing Rate Period, the period commencing on and including such Remittance Date and ending on and excluding the following Remittance Date; provided, however, that in no event shall any Pricing Rate Period end subsequent to the Repurchase Date.

  • Rate Period has the meaning set forth in the Statement.

  • Quarterly Period the period of three months commencing on 1 January, 1 April, 1 July and 1 October.

  • Floating Rate Period shall have the meaning set forth in Section 2.05(b) hereof.

  • Subsequent Fixed Rate Period means for the initial Subsequent Fixed Rate Period, the period commencing on April 1, 2022 and ending on and including March 31, 2027 and for each succeeding Subsequent Fixed Rate Period, the period commencing on the day immediately following the end of the immediately preceding Subsequent Fixed Rate Period and ending on and including March 31 in the fifth year thereafter.

  • Quarterly reporting period means the three-month period covered by each

  • Annual Period has the meaning stated in Section 4.3(e).

  • Calendar Quarter means the respective periods of three (3) consecutive calendar months ending on March 31, June 30, September 30 and December 31.

  • Quarterly Payment Date means the last Business Day of each March, June, September and December.

  • Floating Quarterly Dividend Rate means, for any Quarterly Floating Rate Period, the rate of interest (expressed as a percentage rate rounded down to the nearest one hundred-thousandth of one percent (with 0.000005% being rounded up)) equal to the sum of the T-Bill Rate on the applicable Floating Rate Calculation Date plus 1.60% (calculated on the basis of the actual number of days elapsed in such Quarterly Floating Rate Period divided by 365).

  • Quarter means a calendar year quarter commencing on 1 January, 1 April, 1 July or 1 October.