Examples of Standard Rate Period in a sentence
No Minimum Rate is specified for Auctions in respect to Rate Periods of more than the Standard Rate Period.
In the case of an Interest Default, the Applicable Rate for each Rate Period commencing during a Default Period will be equal to the Default Rate, and each subsequent Rate Period commencing after the beginning of a Default Period shall be a Standard Rate Period; provided, however, that the commencement of a Default Period will not by itself cause the commencement of a new Rate Period.
Accordingly, the next succeeding Dividend Period of such series will be a Standard Rate Period.
In the case of a Dividend Default, no Auction shall be held during a Default Period applicable to that Series and the Applicable Rate for each Dividend Period commencing during a Default Period will be equal to the Default Rate, and each subsequent Dividend Period commencing after the beginning of a Default Period shall be a Standard Rate Period; provided, however, that the commencement of a Default Period will not by itself cause the commencement of a new Dividend Period.
Accordingly, the next succeeding Rate Period of such series will be a Standard Rate Period.