Semiannual Rate Conversion Date definition

Semiannual Rate Conversion Date means the day on which the Bonds are converted to bear interest at a Semiannual Rate pursuant to Section 3.02(g) or (h).
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Semiannual Rate Conversion Date means the Conversion Date on which any Bonds are converted to bear interest at a Semiannual Rate pursuant to Section 3.2(h) or (i) hereof, which is immediately preceded by a day on which said Bonds did not bear interest at a Semiannual Rate.
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Semiannual Rate Conversion Date means the day on which interest on a Series of Variable Rate Bonds begins to accrue at a Semiannual Rate following conversion from a different Variable Rate pursuant to the Indenture.
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Examples of Semiannual Rate Conversion Date in a sentence

  • Periods shall (A) commence on a Semiannual Rate Conversion Date and on the first day of each sixth (6th) calendar month thereafter; and (B) end on the day preceding either the commencement date of the following Semiannual Rate Period or the Conversion Date on which a different type of Rate Period shall become effective.

  • Whenever a Series of 2010 Bonds is to bear interest at a Semiannual Rate, Semiannual Rate Periods shall commence initially on the Semiannual Rate Conversion Date, which shall be a February 1 or August 1, whether or not a Business Day subject to the provisions of subsection (h) of this Section, and on each February 1 and August 1 thereafter; and end on the January 31 following such August 1 or the July 31 following such February 1, as the case may be.


More Definitions of Semiannual Rate Conversion Date

Semiannual Rate Conversion Date means the day which is the first day of a calendar month and the day on which the all or part of the Bonds begin to bear interest at a Semiannual Rate pursuant to Section 3.02(i) or (j).
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Related to Semiannual Rate Conversion Date

  • Conversion Date shall have the meaning set forth in Section 4(a).

  • Interest Conversion Price means, with respect to any Interest Date, that price which shall be computed as 100.0% of the arithmetic average of the Weighted Average Price of the Common Stock on each of the ten (10) consecutive Trading Days immediately preceding the applicable Interest Date (each, an “Interest Measuring Period”). All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction during such period.

  • Term Loan Conversion Date means the Termination Date on which all Revolving Credit Advances outstanding on such date are converted into a term loan pursuant to Section 2.06.

  • 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).

  • Weekly Rate Period means any period of time during which a Group of 2024 Series A Variable Rate Bonds bears interest at the Weekly Rate.