Examples of Variable Rate Bond in a sentence
The rights of the Corporation hereunder are separate from and in addition to any rights that any holder of any Variable Rate Bond may have under the terms of such Variable Rate Bond or any Related Document or otherwise.
As further discussed in Note H, the Bonds, in the Variable Rate Bond form, are considered Weekly Rate Bonds with the ability to be converted to Daily Rate Bonds, Adjustable Rate Bonds, or Fixed Rate Bonds.
Any sale of a Variable Rate Bond or portion thereof shall be without recourse to the seller and without representation or warranty of any kind except as may be required by law.
The Corporation agrees that, so long as this Agreement is in effect and has not terminated, the holders of the Variable Rate Bonds, the Issuer and the Borrower are express beneficiaries of this Agreement and, as such, any holder of a Variable Rate Bond, the Issuer and the Borrower on behalf of any such holder shall have the right to bring suit against the Corporation to enforce this Agreement should the Corporation fail to perform any of its obligations hereunder.
The Corporation agrees that, so long as this Agreement is in effect and has not terminated, the holders of the Variable Rate Bonds and the Issuer are express beneficiaries of this Agreement and, as such, any holder of a Variable Rate Bond and the Issuer on behalf of any such holder shall have the right to bring suit against the Corporation to enforce this Agreement should the Corporation fail to perform any of its obligations hereunder.