Semiannual Mode Period definition

Semiannual Mode Period means each period of time during which any of the 202_ Series - Bonds bear interest at a Semiannual Rate.
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Semiannual Mode Period means each period of time during which any of the Adjustable Rate Bonds bear interest at a Semiannual Rate.
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Semiannual Mode Period means, with respect to Series 2008 Bonds in the Semiannual Rate Mode, (a) the period from and including the Rate Change Date of any change to the Semiannual Rate Mode, to and including the last day of the six calendar month period beginning on such Rate Change Date, and (b) each six-calendar-month period thereafter, as set forth in Section 2.02(b)(4) of this Supplemental Indenture, so long as the Series 2008 Bonds continue to bear interest at a Semiannual Rate.
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Examples of Semiannual Mode Period in a sentence

  • The Bonds are in registered form without coupons and, prior to a Conversion Date, shall be issued in denominations of: (i) during a Daily Mode Period, a Weekly Mode Period, a Monthly Mode Period or a Quarterly Mode Period, $100,000 or integral multiples of $5,000 in excess of $100,000, (ii) during a SAVRS Mode Period, $25,000 or integral multiples of $5,000 in excess of $25,000, and (iii) during a Semiannual Mode Period or a Term Mode Period, $5,000 or any integral multiple thereof.

  • With respect to each Semiannual Mode Period, Rate Determination Dates shall occur semiannually, initially on the last Business Day of the month preceding the initial such Rate Period, and Rate Change Dates shall occur semiannually thereafter.

  • When a Semiannual Mode Period or a Term Mode Period is in effect or a Conversion has occurred, interest shall be computed upon the basis of a 360-day year, consisting of twelve 30-day months.

Related to Semiannual Mode Period

  • Five-Year Treasury Rate means, as of any Reset Interest Determination Date, the average of the yields on actively traded U.S. Treasury securities adjusted to constant maturity, for five-year maturities, for the most recent five Business Days appearing under the caption “Treasury Constant Maturities” in the Most Recent H.15. If the Five-year Treasury Rate cannot be determined pursuant to the preceding sentence, the Calculation Agent, after consulting such sources as it deems comparable to any of the foregoing calculations, or any such source as it deems reasonable from which to estimate the Five-year Treasury Rate, will determine the Five-year Treasury Rate in its sole discretion, provided that if the Calculation Agent determines there is an industry-accepted successor Five-year Treasury Rate, then the Calculation Agent will use such successor rate. If the Calculation Agent has determined a substitute or successor base rate in accordance with the foregoing, the Calculation Agent in its sole discretion may determine the Business Day convention, the definition of Business Day and the Reset Interest Determination Date to be used and any other relevant methodology for calculating such substitute or successor base rate, including any adjustment factor needed to make such substitute or successor base rate comparable to the Five-year Treasury Rate, in a manner that is consistent with industry-accepted practices for such substitute or successor base rate.

  • Compounded Daily SOFR means, in relation to a Floating Rate Interest Period, the rate of return of a daily compound interest investment (with SOFR as reference rate for the calculation of interest) during the related Observation Period and will be calculated by the Calculation Agent on the related Interest Determination Date as follows: Where:

  • Contract Month means the expiry month January, February, March, April, May, June, July, August, September, October, November, .

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.

  • Interest Reset Period The period beginning on the applicable Reset Date and ending on the calendar day preceding the next Reset Date.