Standard Auction Period definition

Standard Auction Period initially shall mean an Auction Period of 35 days, and after the establishment of a different Standard Auction Period pursuant to Section 3.04, shall mean such different Standard Auction Period.

Standard Auction Period means an Auction Period of days. “Standard Rate Period” means a Rate Period of days.

Standard Auction Period means an Auction Period of 35 days unless a different Standard Auction Period is established pursuant to Section 3.04.

Examples of Standard Auction Period in a sentence

• Each Auction Period shall be a Standard Auction Period unless a different Auction Period is established pursuant to Section 3.04 and each Auction Period which immediately succeeds a non-Standard Auction Period shall be a Standard Auction Period unless a different Auction Period is established pursuant to Section 3.04.

• Any Auction Period or Standard Auction Period established by the Authority pursuant to this Section 3.04 may not exceed 365 days in duration.

• If the condition referred to in (A) above is not met, the Auction Rate for the next succeeding Auction Period shall be determined pursuant to the Auction Procedures and the next succeeding Auction Period shall be a Standard Auction Period.

• The length of an Auction Period or the Standard Auction Period may not be changed pursuant to this Section 3.04 unless Sufficient Clearing Bids existed at both the Auction immediately preceding the date the notice of such change was given and the Auction immediately preceding such changed Auction Period or Standard Auction Period or if a Payment Default has occurred and has not been cured.

• In the event of a Change in the Interest Rate Mode to an Auction Rate, the Authority, at the request of the Company, shall determine the length of the initial Auction Period and may change the length of a single or the Standard Auction Period by means of a written notice delivered on or prior to the effective date of such Change in the Interest Rate Mode to an Auction Rate to the Trustee, the applicable Market Agents, the Auction Agent and the Credit Facility Issuer.

More Definitions of Standard Auction Period

Standard Auction Period means 49 days, provided that, if there is a change in tax law altering the holding period specified in Section 246(c) of the Code or any successor provision thereto, the Board of Directors may increase or decrease the period of time theretofore constituting the Standard Auction Period so as to adjust uniformly the number of days in the Standard Auction Period for Dividend Periods commencing after the date of such change in law to equal or exceed the then-current holding period specified in Section 246(c) of the Code or any successor provision thereto, and such period as so adjusted shall be the Standard Auction Period; and provided further that the number of days as so adjusted shall not exceed 98 and shall be evenly divisible by 7.

Standard Auction Period initially shall mean an Auction Period of a certain number of days (such number of days being established by the Market Agent on or before the effective date of a Conversion to a Dutch Auction Period) and after the establishment of a different period pursuant to Section 2.12(b) shall mean such different period. The Market Agent shall furnish such information in writing to the Company, the Trustee, the Bond Insurer, the Auction Agent, the Issuer and DTC on or before the effective date of a Conversion to a Dutch Auction Period.

Standard Auction Period means an Auction Period of 28 days.

Standard Auction Period means an Auction Period of ___ days.

Standard Auction Period means an Auction Period of __ days.

Standard Auction Period initially shall mean an Auction Period of 35 days, and after the establishment of a different Standard Auction Period pursuant to Section 3.04, shall mean such different Standard Auction Period. "STATED MATURITY," with respect to each series of Bonds shall mean October 1, 2036, provided that, subject to the next sentence, in any case where the date of maturity of, or payment of premium on, interest on, or principal of, the Bonds or the date fixed for redemption of any Bonds shall be on a day other than a Business Day, then payment of interest, principal and premium, if any, need not be made on such date but may be made (without additional interest) on the next succeeding Business Day, with the same force and effect as if made on the date of maturity or the date fixed for redemption. Notwithstanding anything in this Indenture to the contrary, in no event shall the final maturity date of the Bonds extend beyond 35 years from the Closing Date, and the length of any Auction Period shall be reduced at the discretion of the Authority to the extent necessary to ensure compliance with the provisions of this sentence.

Standard Auction Period initially means an Auction Period of thirty-five (35) days, and, after the establishment of a different Standard Auction Period pursuant to Section 3.4, shall mean such different Standard Auction Period; provided that, so long as the Standard Auction Period is 35 days and ends initially on a Thursday, in the event the last Thursday of the Auction Period is not a Business Day, with the result that the AuctionDate isthe next succeeding Business Day, the Standard Auction Period following such Auction Date shall be reduced to a shorter number of days so that the last day of the Auct ion Perio d following such Auction Date is the fifth Thursday following such Auction Date.