Variable Rate Period definition

Variable Rate Period means that period during which a Variable Rate is in effect on the Bonds.

Variable Rate Period means each period during which the Bonds bear interest at a Variable Rate.

Variable Rate Period means the period commencing on the Closing Date and ending on (and including) the day before the Conversion Date.

Examples of Variable Rate Period in a sentence

• During the Variable Rate Period, the Remarketing Agent shall determine the interest rate for the Bonds on each Determination Date.

• The Remarketing Agent shall not sell any Bond for which a notice of conversion from one type of Variable Rate Period to another, to Flexible Rate Periods, or to a Fixed Rate Period has been given by the Paying Agent/Registrar unless the Remarketing Agent has advised the person to whom the sale is being made of the conversion.

• The Variable Rate so determined shall become effective on the first day of the next succeeding Variable Rate Period.

• Notwithstanding the foregoing, the Remarketing Agent shall not remarket any Bond for which a notice of conversion from one type of Variable Rate Period to another, from or to Flexible Rate Periods, or to a Fixed Rate Period has been given by the Paying Agent/Registrar unless the Remarketing Agent receives written acknowledgment from the person to whom the Bond is being remarketed of the conversion.

• Notwithstanding the foregoing, no Flexible Rate Period may be established which (i) exceeds 270 days or is less than 7 days, or (ii) if the Remarketing Agent has given or received notice of any conversion to a Variable Rate Period or the Fixed Rate Period, exceeds the remaining number of days prior to the Conversion Date.

More Definitions of Variable Rate Period

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

Variable Rate Period means the period of time beginning on the date of initial authentication and delivery of the Bonds during which the Bonds bear interest at a Variable Rate. Unless the context shall otherwise indicate, words importing the singular number shall include the plural number, and vice versa, and the terms “hereof,” “hereby,” “hereto,” “hereunder,” and similar terms, mean this Indenture.

Variable Rate Period means the period beginning on, and including any Wednesday (or, if not a Business Day, on the next succeeding Business Day) and ending on, and including, the then next Tuesday (or the day immediately preceding the first day of the next Variable Rate Period), except that in the event of Conversion to Variable Rate Bonds, the first "Variable Rate Period" means the period beginning on the Conversion Date and ending on, and including, the second succeeding Tuesday (or the day immediately preceding the first day of the next Variable Rate Period) unless the Conversion Date is a Tuesday or Wednesday, in which case it will end on and include the first succeeding Tuesday.

Variable Rate Period means that period of the term of an advance in respect of which a variable rate of interest applies, or is to apply.

Variable Rate Period means the period from and including the Issue Date to the earlier of (i) the Conversion Date or (ii) the day of payment in full of the Bonds.

Variable Rate Period means the period during which the Bonds bear interest at the Variable Rate.

Variable Rate Period means a period during which the Bonds bear interest at the Variable Rate as provided in Section 3.2 hereof.