Term Interest Rate Period definition

Term Interest Rate Period means each fixed period of time during which a Term Interest Rate is in effect.

Term Interest Rate Period means each period of six months or more during which a Term Interest Rate is in effect.

Term Interest Rate Period means each period during which a Term Interest Rate is in effect.

Examples of Term Interest Rate Period in a sentence

• At the time that the Company gives notice of rescission, it may also elect in such notice to continue the Rate Period then in effect; provided however, that if the Rate Period then in effect is a Term Interest Rate Period, the subsequent Term Interest Rate Period shall not be of a different duration than the Term Interest Rate Period then in effect unless the Company provides to the Trustee a Favorable Opinion of Bond Counsel prior to the expiration of the then-current Term Interest Rate Period.

• During each Term Interest Rate Period, the Bonds shall bear interest at the Term Interest Rate determined by the Remarketing Agent on a Business Day selected by the Remarketing Agent, but not more than 60 days prior to and not later than the effective date of such Term Interest Rate Period.

• During any Term Interest Rate Period, interest on the Bonds shall be computed upon the basis of a 360-day year, consisting of twelve 30-day months.

• If such election is made, no Favorable Opinion of Bond Counsel shall be required in connection with the commencement of each successive Term Interest Rate Period determined in accordance with such election.

• In any such conversion from a Term Interest Rate Period, the PARS Rate Conversion Date shall be a regularly scheduled Interest Payment Date on which a new Term Interest Rate Period would otherwise have commenced, and in any such conversion from a Flexible Interest Rate Period, the PARS Rate Conversion Date shall be the last regularly scheduled Interest Payment Date on which interest is payable for any Flexible Segment theretofore established for the Bonds to be converted.

More Definitions of Term Interest Rate Period

Term Interest Rate Period means each period of six months or more during which a Term Interest Rate is in effect; provided, however, the last day of such Term Interest Rate Period shall be either the day preceding the date of the final maturity of the Bonds or a day which both immediately precedes a Business Day and is at least 180 days after the effective date of such Term Interest Rate Period.

Term Interest Rate Period means each period of six months or more during which a Term Interest Rate is in effect. Series 1999B Restated Trust Indenture

Term Interest Rate Period means each period of six months or more during which a Term Interest Rate is in effect for a series of bonds; provided, that the last day of a Term Interest Rate Period shall be either the day preceding the date of final maturity of such Bonds or a day which both immediately precedes a Business Day and is at least six months after the effective date of such Term Interest Rate Period.

Term Interest Rate Period means each period during which a Term Interest Rate is in effect. “Trustee” means Wells Fargo Bank, N.A., a national banking association organized and existing

Term Interest Rate Period means each Daily Interest Rate Period, Weekly Interest Rate Period, Short-Term Interest Rate Period or Long-Term Interest Rate Period.

Term Interest Rate Period means each Interest Rate Period during which ------------- a Term Interest Rate is in effect. Term Rate Index shall mean, with respect to the Series 2002 Bonds, an --------------- assumed yield computed by the Remarketing Agent for representative revenue securities with credit quality comparable to that of the Series 2002 Bonds and having the same number of 30-day periods to maturity as the number of such periods in the applicable Term Interest Rate Period (determined in linear interpolation based on the yield for such securities having the next shorter number of 30-day periods to maturity than the number of 30-day periods in the applicable Term Interest Rate Period and the yield for such securities having the next longer number of 30-day periods to maturity than the number of 30-day periods in the applicable Term Interest Rate Period), as most recently published in The Bond Buyer, or such other publication as the Remarketing Agent may select -------------- upon notice to the Notice Parties, before the date of determination thereof by the Remarketing Agent, or if such yields shall no longer be published, as determined by the Remarketing Agent on the date of determination of the Term Rate Index.

Term Interest Rate Period means each period determined by the Borrower pursuant to the Indenture during which the Bonds of a Series bear interest at a Term Interest Rate; provided that each such period shall be for a term of approximately one month, approximately three months, approximately six months, approximately nine months, approximately one year or any multiple of approximately six months above one year in each case ending on a day preceding a Business Day; provided, however, that notwithstanding the foregoing any Term Interest Rate Period which ends on the day immediately preceding the maturity date of the Bonds may include a period of time from the Interest Payment Date immediately preceding the maturity date of the Bonds to the day immediately preceding the maturity date of the Bonds even if the time remaining to such day is not one of the periods specified above; and provided further that notwithstanding the foregoing any Term Interest Rate Period may end on the day immediately preceding the maturity date of the Bonds whether or not such maturity date is a Business Day.