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

• The Borrower may elect to convert the Notes from the Term Rate Mode to another Mode, including to another Term Rate Period or the Fixed Rate Mode.

• Such election shall be in accordance with the provisions of Section 1(a)(ii) hereof, applicable to Conversion from the Initial Floating Rate Mode; provided, however, that if the Borrowers elect to convert the Notes to another Mode prior to the end of the Term Rate Period then in effect, the Borrowers also shall pay to the Noteholders, in addition to the Purchase Price, a premium equal to the redemption premium, if any, that would be due if the Notes were redeemed in full on the Conversion Date.

• The Notes shall be subject to mandatory tender for purchase on the day following the last day of each Term Rate Period.

• At the option of the Borrowers and upon certain conditions as provided for in the Agreement, the Notes may be converted from the Term Rate Mode to any other Mode (including from one Term Rate Period to another Term Rate Period).

• With respect to Notes to be converted to the Term Rate Mode, not later than 20 days prior to each Conversion Date, the Borrowers shall notify the Administrative Agent of the term of the Term Rate Period to be applicable to the Notes as of such Conversion Date.

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 bear interest at a Term Rate.

Term Rate Period means any period of time during which a Series of 2024 Series B-2 Bonds bears interest at the Term Rate.

Term Rate Period means any period during which any 2025 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 the period during which the Bonds bear interest at the Term Rate.

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.