Variable Rate Bond definition

Variable Rate Bond means, as of any date of determination, any Bond on which the interest rate borne thereby may vary during any part of its remaining term.

Variable Rate Bond means any Bond not bearing interest throughout its term at a specified rate or specified rates determined at the time of issuance of the Series of Bonds of which such Bond is one.

Variable Rate Bond means, as of any date of determination, any Bond on which the interest rate borne thereby may vary during any part of its remaining term, but shall not include any Option Security. Section 102. Interpretation. In this Resolution, unless the context otherwiserequires:

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.

• This was especially the case for southern African states as these states experienced the destabilization of their economies by apartheid South Africa.

• 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 Trustee makes no representations as to the validity or sufficiency of this Supplemental Resolution or of any 2023 Series B Variable Rate Bonds issued hereunder (except for its certificate of authentication on each 2023 Series B Variable Rate Bond) or in respect of the security afforded by this Supplemental Resolution, and the Trustee shall not incur any responsibility in respect thereof.

More Definitions of Variable Rate Bond

Variable Rate Bond means a Thirty-Seventh Resolution Bond bearing interest at a rate which is not fixed to the maturity of such Thirty-Seventh Resolution Bond.

Variable Rate Bond means a Thirty-Sixth Resolution Bond bearing interest at a rate which is not fixed to the maturity of such Thirty-Sixth Resolution Bond.

Variable Rate Bond means a Bond the interest rate on which is an adjustable rate which varies from time to time as provided therein and in the Series Resolution pursuant to which such Bond is issued.

Variable Rate Bond means a Fortieth Resolution Bond bearing interest at a rate which is not fixed to the maturity of such Fortieth Resolution Bond.

Variable Rate Bond means a Series 2020 Bond that at the time of original issuance bears interest at a Commercial Paper Rate, Daily Rate, Weekly Rate, or Term Rate.

Variable Rate Bond means a Thirty-Eighth Resolution Bond bearing interest at a rate which is not fixed to the maturity of such Thirty-Eighth Resolution Bond.

Variable Rate Bond means a Thirty-Fifth Resolution Bond bearing interest at a rate which is not fixed to the maturity of such Thirty-Fifth Resolution Bond.