Weekly Rate Bonds definition
Examples of Weekly Rate Bonds in a sentence
At all times that any Series A of 2020 Bonds are Daily Rate Bonds, Weekly Rate Bonds, Monthly Rate Bonds, Short-Term Rate Bonds or Long-Term Rate Bonds there shall be a Tender Agent.
The interest rate determined for Weekly Rate Bonds on any Interest Determination Date shall be effective from and including the immediately succeeding Weekly Rate Adjustment Date to but excluding the next succeeding Weekly Rate Adjustment Date.
The Remarketing Agent shall keep a written record of its method of determination of the interest rate to be borne on the Weekly Rate Bonds on each Interest Determination Date.
The Commission will not voluntarily terminate the Letter of Credit while Series A of 2020 Bonds are Daily Rate Bonds, Weekly Rate Bonds, Monthly Rate Bonds or Short-Term Rate Bonds without at least 60 days prior written notice to the Trustee and without providing for a Substitute Letter of Credit prior to the effective date of such termination.
If on any date there is an insufficient amount on deposit in the Purchase Fund to pay the Purchase Price of all Daily Rate Bonds, Commercial Paper Rate Bonds or Weekly Rate Bonds, as applicable, by 2:30 p.m., New York, New York time, the Tender Agent shall promptly give telephonic notice to the District and the Remarketing Agent of the amount of the deficiency.