Semiannual Rate Period definition

Semiannual Rate Period means each period during a Semiannual Rate Mode from and commencing on the first day of a calendar month and to but not including the first day of the sixth succeeding calendar month, provided that the first Semiannual Rate Period in any Semiannual Rate Mode shall be the period commencing on the effective date of such Semiannual Rate Mode to but not including the first day of the sixth calendar month thereafter.

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Semiannual Rate Period means each period during which the Bonds bear interest at a Semiannual Rate.

Semiannual Rate Period means any period during which the Bonds bear interest at a Semiannual Rate.

Examples of Semiannual Rate Period in a sentence

During any Semiannual Rate Period the Bonds will bear interest at the Semiannual Rate.
During any Semiannual Rate Period, the Remarketing Agent will determine the Proposed Rate for the next Calculation Period on the Proposed Rate Determination Date.
During any Semiannual Rate Period, the Remarketing Agent will determine the Proposed Rate for the next Interest Period by 2:00 p.m., Local Time on the Proposed Rate Computation Date.
Each such interest rate shall be determined by the applicable Remarketing Agent not later than 4:00 p.m., New York City time, on a Business Day not later than the last Business Day immediately preceding the commencement date of the Semiannual Rate Period.
The Credit Issuance Date must be (i) with respect to a Weekly Rate Period, Monthly Rate Period or Semiannual Rate Period, an Optional Tender Date or (ii) with respect to any Money Market Rate Period or Medium-Term Rate Period, a Conversion Date, in either case that occurs in the second calendar month following the calendar month during which the Trustee receives the Credit Issuance Notice.
During any Semi-annual Rate Period, the Bonds shall be subject to redemption on each Interest Payment Date, as a whole or in part, at the principal amount thereof.
During any Semiannual Rate Period the Bonds are subject to redemption, at the direction of the Company, in whole or in part, on any Interest Payment Date, at a redemption price equal to the principal amount of the Bonds to be redeemed plus accrued interest thereon to the redemption date.
While any Tax Exempt Bonds bear interest at a Semiannual 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 day of each sixth calendar month thereafter and ending on the day prior to either the commencement date of the following Semiannual Rate Period or the Conversion Date to a different Rate Period.
OPTIONAL REDEMPTION During any Taxable, Flexible, Daily, Weekly, Monthly, Quarterly or Semiannual Rate Period this Bond is subject to optional redemption by the Issuer at the direction of the Company on any Interest Payment Date in whole or in part at a redemption price equal to 100% of the principal amount thereof plus accrued interest to the redemption date.
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.

More Definitions of Semiannual Rate Period

Semiannual Rate Period means each period during which a Bond bears interest at a Semiannual Rate.

Semiannual Rate Period means the period beginning on, and including, any June 1 or December 1 (or, if not a Business Day, the next succeeding Business Day) and ending on, and including, the next May 31 or November 30, as the case may be, except that in the event of Conversion to Semiannual Rate Bonds, the first “Semiannual Rate Period” means the period beginning on, and including, the Conversion Date and ending on, and including, the next succeeding May 31 or November 30.

Semiannual Rate Period means, with respect to each Bond that bears interest at a Semiannual Rate, (a) the period from and including the effective date of any change to the Semiannual Rate Mode with respect to such Bond to and including the last day of the six calendar month period beginning on such effective date, and (b) each six calendar month period thereafter, so long as such Bond continues to bear interest at a Semiannual Rate.

Semiannual Rate Period means, while the Series 1996 Bonds bear interest at the Semiannual Rate, the period commencing on the Semiannual Rate Conversion Date and from and including the first Business Day of each sixth calendar month thereafter to but excluding the first Business Day of the sixth calendar month thereafter.

Semiannual Rate Period means each period during which interest on a Series of Variable Rate Bonds is payable or is accrued at a Semiannual Rate.