Term Rate Interest Payment Dates definition
Term Rate Interest Payment Dates means, with respect to a 2020D-2 Bond in the Term Rate Mode and for the current Interest Period for such Bond, each Stated Interest Payment Date occurring in such Period.
Term Rate Interest Payment Dates means, with respect to a Bond in the Term Rate Mode and for the current Interest Period for such Bond, each Stated Interest Payment Date occurring in such Interest Period (beginning with the first Stated Interest Payment Date that occurs no earlier than three months after the commencement of such Interest Period). "Term Rate Mode" means the Mode during which all or any part of the Bonds bear interest at the Term Rate. "Term Rate Period" shall mean the period from (and including) the Mode Change Date to (but excluding) the last day of the first period that the Bonds shall be in the Term Rate Mode as established by the for the Bonds pursuant to Section 404 hereof and, thereafter, the period from (and including) the beginning date of each successive Interest Period selected for the Bonds pursuant to Section 305 while it is in the Term Rate Mode to (but excluding) the commencement date of the next succeeding Interest Period, including another Term Rate Period. Except as otherwise provided in this Agreement, an Interest Period for the Bonds in the Term Rate Mode must be at least 180 days in length. "UCC" means the Massachusetts Uniform Commercial Code, as amended from time to time.. "Variable Rate" means the Daily Rate, Weekly Rate, Commercial Paper Rate and Term Rate. "Variable Rate Mode" means the Daily Mode, Weekly Mode, Commercial Paper Mode and Term Rate Mode. "Weekly Mode" means the Mode during which all or any part of the Bonds bear interest at the Weekly Rate. "Weekly Rate" means the per annum interest rate on any Bond in the Weekly Mode determined pursuant to Section 304(b) hereof. Words importing persons include firms, associations and corporations, and the singular and plural form of words shall be deemed interchangeable wherever appropriate.
Term Rate Interest Payment Dates means, with respect to the Bonds of a series in the Term Rate Mode and for the current Interest Period for such Bonds, each Stated Interest Payment Date occurring in such Period (beginning with the first Stated Interest Payment Date that occurs after the commencement of such Period) and on the day next succeeding the last day of such Period.