Variable Rate Mode definition

Variable Rate Mode means the Initial Mode established for the MFP Shares by the terms and conditions of the Statement as modified by the Variable Rate Mode Supplement.

Variable Rate Mode means each Daily Rate Mode, Weekly Rate Mode and Quarterly Rate Mode.

Variable Rate Mode means the Mode established for the MFP Shares by the terms and conditions of the Statement as modified by this Supplement.

Examples of Variable Rate Mode in a sentence

• The Purchaser acknowledges that all of the MFP Shares will be subject to Mandatory Tender in connection with Transition Remarketing in accordance with Article 3 of the Variable Rate Mode Supplement.

• The Fund shall use its commercially reasonable best efforts to engage at all times a Tender and Paying Agent to perform the duties to be performed by the Tender and Paying Agent specified herein and in the Variable Rate Mode Supplement.

• The Fund and the Purchaser agree that the representations, warranties, covenants and agreements contained in this Agreement are in addition to the terms and provisions set forth in the Statement and the Variable Rate Mode Supplement.

• In such event, the Replacement initially approved by the Board of Trustees shall be the replacement to the SIFMA Municipal Swap Index in effect for purposes of the Variable Rate Mode Supplement until a new replacement to the SIFMA Municipal Swap Index has been approved by the Fund and the Majority Participants.

• If required based on such calculations, the Fund shall restore the Effective Leverage Ratio as provided in Section 2.3(c)(ii) of the Variable Rate Mode Supplement.

More Definitions of Variable Rate Mode

Variable Rate Mode means any time that the Bonds bear interest at Variable Interest Rates.

Variable Rate Mode means the Mode established for the MFP Shares by the terms and conditions of the Statement as modified by this Supplement. 1.2. Interpretation. (a) The headings preceding the text of Sections included in this Supplement are for convenience only and shall not be deemed part of this Supplement or be given any effect in interpreting this Supplement. The use of the masculine, feminine or neuter gender or the singular or plural form of words herein shall not limit any provision of this Supplement. The use of the terms “including” or “include” shall in all cases herein mean “including, without limitation” or “include, without limitation,” respectively. Reference to any Person includes such Person’s successors and assigns to the extent such successors and assigns are permitted by the terms of any applicable agreement, and reference to a Person in a particular capacity excludes such Person in any other capacity or individually. Reference to any agreement (including this Supplement), document or instrument means such agreement, document or instrument as amended or modified and in effect from time to time in accordance with the terms thereof and, if applicable, the terms hereof. Except as otherwise expressly set forth herein, reference to any law means such law as amended, modified, codified, replaced or re-enacted, in whole or in part, including rules, regulations, enforcement procedures and any interpretations promulgated thereunder. References to Sections shall refer to those portions of this Supplement, unless otherwise provided. The use of the terms “hereunder,” “hereof,” “hereto” and words of similar import shall refer to this Supplement as a whole and not to any particular Article, Section or clause of this Supplement. (b) Subject to Section 4(e) of the Statement, the terms and conditions of the MFP Shares set forth in this Supplement supersede the terms of the Statement to the extent inconsistent therewith, for the Variable Rate Mode. (c) This Supplement shall be effective on the Mode Commencement Date. ARTICLE 2 TERMS APPLICABLE TO THE SERIES A MUNIFUND PREFERRED SHARES FOR THE VARIABLE RATE MODE The MFP Shares shall have the following terms for the Variable Rate Mode: 2.1. Dividends and Distributions. 8

Variable Rate Mode means the Daily Mode, Weekly Mode, Flexible Mode or Term Rate Mode (all as defined in Section 501).

Variable Rate Mode means a Daily Rate or a Weekly Rate.

Variable Rate Mode means the Daily Mode, Weekly Mode, Commercial Paper Mode or Term Rate Mode. "Weekly Mode" means the Mode during which all or any part of the Bonds bear interest at the Weekly Rate. "Weekly Rate" means the per annum interest rate on any Bond in the Weekly Mode determined pursuant to Section 304(b) hereof. Words importing persons include firms, associations and corporations, and the singular and plural form of words shall be deemed interchangeable wherever appropriate.

Variable Rate Mode means, with respect to each Bond, the period between the Initial Period and the Conversion Date.

Variable Rate Mode. The Short-Term Mode or the Term Rate Mode. “Weekly Mode” — The Mode during which the Bonds bear interest at the Weekly Rate.