Variable Rate Conversion Date definition

Variable Rate Conversion Date means the day the Bonds are converted to bear interest at a Variable Rate pursuant to Section 3.02(g) or (h).

Variable Rate Conversion Date means a Daily Rate Conversion Date or a Weekly Rate Conversion Date.

Variable Rate Conversion Date means (i) the day on which interest with respect to a Series of Bonds begins to accrue at a Variable Rate other than the Variable Rate previously borne by such Series of Bonds following conversion from such previous Variable Rate (e.g., the Interest Payment Date on which such Series of Bonds begin to bear interest at a Long Rate following a Weekly Rate Period); or (ii) with respect to a Flexible Rate Period, a Semiannual Rate Period or a Long Rate Period, the first day immediately succeeding the end of each particular Flexible Rate Period, Semiannual Rate Period or Long Rate Period.

Examples of Variable Rate Conversion Date in a sentence

• Until a Variable Rate Conversion Date, no Letter of Credit need be furnished by the Tenant.

• The Tenant shall cause the Bank to deliver a Letter of Credit to the Trustee simultaneously with any Variable Rate Conversion Date, and hereby authorizes and directs the Trustee thereafter, while the Letter of Credit is in effect, to draw moneys under the Letter of Credit in accordance with the provisions of the Indenture to the extent necessary to make any payments of principal and purchase price of, and interest on, Bonds bearing interest at a Variable Rate, as and when the same become due.

• The Bonds shall bear interest at the Initial Interest Rate from and including the date thereof until (1) a Variable Rate Conversion Date or (2) payment of the principal or redemption price thereof shall have been made or provided for in accordance with the provisions hereof, whether at maturity, upon redemption or otherwise.

• Upon a Variable Rate Conversion Date, the Trustee will further establish a separate Reimbursement Account ("Reimbursement Account") within the Bond Fund which Reimbursement Account shall be used by the Trustee to reimburse the Bank, as provided herein or in the Reimbursement Agreement.

• For any Bonds supported by a Liquidity Agreement, while the Bank is obligated to purchase Bonds pursuant to the Liquidity Agreement, on any Variable Rate Conversion Date pursuant to Section 3.02(b)(i), 3.02(c)(i), 3.02(d)(i), 3.02(e)(i), 3.02(g)(i), or 3.02(h)(i), the Bonds shall be subject to mandatory tender for purchase on the Variable Rate Conversion Date at the Purchase Price.

More Definitions of Variable Rate Conversion Date

Variable Rate Conversion Date means (i) the day on which interest on the 2010 Bonds of a Series is converted to and begins to accrue at such Variable Rate from a different Variable Rate; and (ii) with respect to a Flexible Rate Period, a Semiannual Rate Period or a Long Rate Period, the first day that a particular Flexible Rate, Semiannual Rate, Long Rate [or Index Rate] becomes effective.

Variable Rate Conversion Date means (i) the day on which interest with respect to a Series of Bonds begins to accrue at a Variable Rate other than the Variable Rate previously borne by such Series of Bonds following conversion from such previous Variable Rate (e.g., the Interest Payment Date on which such Series of Bonds begin to bear interest at a Long Rate following a Weekly Rate Period); or (ii) with respect to a Flexible Rate Period, a

Variable Rate Conversion Date means each day (other than the Business Day immediately following the last day of the Initial Period) on which all or any portion of the 2022 Series B Bonds bear interest at a Variable Rate pursuant to Section 302(d), 302(e) or 302(f) hereof which is immediately preceded by a day on which such 2022 Series B Bonds did not bear interest at the same Variable Rate.

Variable Rate Conversion Date means the Conversion Date on which any Bonds are converted to bear interest at a Variable Rate pursuant to Section 3.2(h) or (i) hereof.

Variable Rate Conversion Date means the date on which the interest on any Bonds converts to a Variable Rate.

Variable Rate Conversion Date means the date the Series Y Bonds are converted to a Variable Rate as provided in Section 2.13.

Variable Rate Conversion Date means the day all or a part of the Bonds begin to bear interest at a Variable Rate pursuant to Section 3.02 of this Order.