Weekly Interest Rate Period definition

Weekly Interest Rate Period means each period during which a Weekly Interest Rate is in effect.

Weekly Interest Rate Period means each period during which Weekly Interest Rates are in effect.

Weekly Interest Rate Period means each period during which a Weekly Interest Rate is in effect for the Bonds.

Examples of Weekly Interest Rate Period in a sentence

• Thereafter, each Weekly Interest Rate shall apply to the period commencing on each Wednesday and ending on the next succeeding Tuesday, unless such Weekly Interest Rate Period shall end on a day other than Tuesday, in which event the last Weekly Interest Rate for such Weekly Interest Rate Period shall apply to the period commencing on the Wednesday preceding the last day of such Weekly Interest Rate Period and ending on such last day.

• The first Weekly Interest Rate determined for each Weekly Interest Rate Period shall apply to the period commencing on the first day of such Weekly Interest Rate Period and ending on the next succeeding Tuesday.

• During each Weekly Interest Rate Period, the Bonds shall bear interest at the Weekly Interest Rate determined by the Remarketing Agent no later than the first day of such Weekly Interest Rate Period and thereafter no later than Tuesday of each week during such Weekly Interest Rate Period, unless any such Tuesday shall not be a Business Day, in which event the Weekly Interest Rate shall be determined by the Remarketing Agent no later than the Business Day next preceding such Tuesday.

• Any Daily Interest Rate Period, Weekly Interest Rate Period or Short-Term Interest Rate Period established with respect to the Bonds shall continue in effect unless and until adjusted to a different Interest Rate Period as provided herein.

• During Short-Term Interest Rate Periods or Weekly Interest Rate Periods, interest on the Bonds shall be computed on the basis of a 365- or 366-day year for the number of days actually elapsed based on the calendar year in which the Short-Term Interest Rate Period or Weekly Interest Rate Period commences.

More Definitions of Weekly Interest Rate Period

Weekly Interest Rate Period. The Interest Rate Period for any Note in the Weekly Interest Rate Mode will generally be a seven day period commencing on any Business Day, as determined by the applicable Remarketing Agent, and ending on the day preceding the first day of the next Interest Rate Period for such Note. The interest rate for any Notes in the Weekly Interest Rate Mode will be determined not later than 11:00 a.m., New York City time, on the Interest Rate Adjustment Date for such Notes (subject to Section 206), which is the first day of each Interest Rate Period for such Notes.

Weekly Interest Rate Period means each period during which a Weekly Interest Rate is in effect for a series of the Bonds.

Weekly Interest Rate Period means each period during which Bonds bear interest at Weekly Interest Rates. Words importing persons include firms, associations and corporations, and the singular and plural form of words shall be deemed interchangeable wherever appropriate.

Weekly Interest Rate Period means each period during which Bonds of a Series bear interest at Weekly Interest Rates.

Weekly Interest Rate Period means, with respect to a Series of the Notes, each period during which a Weekly Interest Rate is in effect.

Weekly Interest Rate Period means each period during which a Weekly Interest Rate is in effect.THE INDENTURE The following is a brief summary of certain provisions of the Indenture. THIS SUMMARY DOES NOT PURPORT TO BE COMPLETE OR DEFINITIVE AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO THE INDENTURE, COPIES OF WHICH ARE ON FILE WITH THE TRUSTEE. Creation of Redemption Fund; Deposit of Proceeds; Disbursements Under the Indenture, the Trustee will establish a special fund designated as the Redemption Fund which the Trustee shall maintain and hold in trust. The proceeds from the issuance and sale of the Bonds in the amount of $25,000,000 will be deposited into the Redemption Fund. Moneys in the Redemption Fund will be disbursed by the Trustee on the Issuance Date to The Bank of New York Mellon, as Trustee for the Refunded Bonds. Pledge and Assignment; Bond Fund

Weekly Interest Rate Period means each period with respect to any 2007 B Bonds or 2007 C Bonds during which a Weekly Interest Rate is in effect, initially for the 2007 B Bonds, the period beginning on and including the first Business Day of the month (except the first period shall begin on the date of issuance) and ending on, and including, the day before the first Business Day of the next succeeding month.