Examples of Term Rate in a sentence
The Remarketing Agent shall give written notice of the Term Rate to the Authority and the Paying Agent.
No Interest Period in the Term Rate Mode may extend beyond the Maturity Date of the 2024 Series C-2 Bonds.
If a Term Rate will be in effect during the term of the current Liquidity Facility, the Authority may not furnish an Alternate Liquidity Facility with a Scheduled Expiration Date earlier than the Scheduled Expiration Date in the Liquidity Facility then in effect.
When a Term Rate Mode of one year or longer or a Fixed Rate Mode for 2024 Series C-2 Bonds is in effect, interest shall be calculated on the basis of a 360 day year comprised of twelve 30-day months.
The Term Rate shall be determined by the Remarketing Agent not later than 4:00 p.m., New York City time, on the Rate Determination Date, and the Remarketing Agent shall make the Term Rate available by telephone to any Notice Party requesting such rate.