Term Rate Period definition

Term Rate Period means any period of time during which a Group of 2024 Series A Variable Rate Bonds bears interest at the Term Rate.

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Term Rate Period means any period during which Bonds bear interest at a Term Rate which period shall commence with the effective date of the Change in the Interest Rate Mode to a Term Rate and shall extend through the day immediately preceding the earlier of (a) the effective date of another Change in the Interest Rate Mode or (b) the Stated Maturity.

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

Examples of Term Rate Period in a sentence

Not later than the 10th day next preceding the Conversion Date, the Trustee shall send, in the name of the Issuer, a notice of such proposed conversion to the Owners of the Series 2026 Bonds stating that the Series 2026 Bonds will be converted to a new Term Rate for a new Term Rate Period or to a Fixed Rate, as applicable, stating the proposed Conversion Date and stating that such Owner is required to tender such Owner’s Series 2026 Bonds for purchase on such proposed Conversion Date.
Each Term Rate so established shall remain in effect until the end of the applicable Term Rate Period selected by the Borrower in writing delivered to the Remarketing Agent prior to the applicable Rate Determination Date.
On any Business Day which is at least twelve (12) days before the proposed Conversion Date, the Borrower shall give written notice to the Notice Parties stating that the Term Rate Bonds will be converted to a new Term Rate for a new Term Rate Period or to the Fixed Rate, as applicable, and setting forth the proposed Conversion Date.
While Bonds are in a Term Rate Mode, on each Mandatory Tender Date and on any Business Day on or after the Earliest Optional Mode Change Date, the Borrower may convert all or a portion of such Term Rate Bonds to bear interest at a new Term Rate for a new Term Rate Period selected by the Borrower or convert all or a portion of such Bonds to bear interest at a Fixed Rate.
The Borrower also shall select the Earliest Optional Mode Change Date for each Term Rate Period.

More Definitions of Term Rate Period

Term Rate Period means each period during which the Bonds bear interest at a Term

Term Rate Period means each period during which the Bonds accrue interest at a particular Term Rate.

Term Rate Period means any period of time during which a Series of 2009 Series B-3 Bonds bears interest at the Term Rate.

Term Rate Period means any period during which any 2022 Series B Bonds bear interest at the Term Rate.

Term Rate Period means each period with a duration of one month or any multiple thereof (which may be expressed as multiples of months or years) or the entire period until final maturity of the Bonds, during which a particular Term Rate is in effect.

Term Rate Period means a period of two or more consecutive Semiannual Periods equal to the applicable Nominal Term Rate Period determined pursuant to Section 2.05 commencing on the Semiannual Date immediately following the last day of the immediately preceding Term Rate Period and running through and ending on the day immediately preceding the Semiannual Date which follows such commencement date by a period equal to such Nominal Term Rate Period; except that the first Term Rate Period after conversion from a Weekly Rate to a Term Rate shall commence on the Conversion Date of such conversion and end on and include the day immediately preceding the Semiannual Date which follows the Semiannual Date occurring on or immediately preceding such Conversion Date by a period equal to such Nominal Term Rate Period.

Term Rate Period means the period during which the Bonds bear interest at the Term Rate.