Variable Rate Period definition

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

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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 Bonds are subject to mandatory tender for purchase on the date that the Trustee accepts an Alternate Credit Facility at 100% of the principal amount thereof, without premium, during any Variable Rate Period, plus accrued interest, if any therein to the date of purchase.
Except as provided in Section 10.01 with respect to a redemption of the Bonds in whole during a Variable Rate Period, in the case of any proposed redemption of Bonds, during the period of fifteen (15) days immediately preceding the selection of Bonds for such redemption and after the giving of notice of redemption, the Trustee is not required to transfer or exchange any Bond or portion thereof which has been called for redemption.
During the Variable Rate Period, the Borrower may provide for the conversion of the interest on all of the Project Bonds to a Fixed Interest Rate as provided in Section 4.01 hereof.
During the Variable Rate Period, each Bond is required to be purchased on demand made by the Owner thereof upon the terms and conditions, including presentment of such Bond at the office of the Tender Agent, as specified in Section 3.02 hereof and the Notice of Demand Privilege as set forth in Exhibit A attached hereto.

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 during which the Bonds bear interest at the Variable Rate.

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