Weekly Rate Mode definition

Weekly Rate Mode. ’ means a Rate Mode in which a Multi-Modal Bonds bear interest at a Weekly Rate.

Weekly Rate Mode means the mode during which Bonds of a Series bear interest at aWeekly Rate.

Weekly Rate Mode means each period of time during which the bonds of Series LL bear interest at a Weekly Rate.

Examples of Weekly Rate Mode in a sentence

• The Authority shall appoint and employ the services of a Remarketing Agent prior to any Purchase Date or Mode Change Date while the Bonds of any Series are in the Commercial Paper Mode, Daily Rate Mode, Weekly Rate Mode, Index Mode or Term Rate Mode.

• The Weekly Rate shall be the rate of interest determined by the Remarketing Agent for each Interest Rate Period, to be the lowest rate that in its judgment, on the basis of prevailing financial market conditions, would permit the sale of the Bonds in the Weekly Rate Mode at par plus accrued interest on and as of the Effective Date, but not in excess of the Maximum Rate.

• Bonds in the Weekly Rate Mode are subject to tender, at the election of the owner thereof, on the dates, at the prices, in the manner and subject to the limitations described in the FORMS OF BONDS set forth in Exhibit A hereto.

• The Remarketing Agent shall determine the initial Weekly Rate on or before the Issuance Date for Bonds initially issued in the Weekly Rate Mode.

• Notice of a conversion of Bonds from the Weekly Rate Mode and the mandatory tender of Bonds for purchase on such Conversion Date shall be given to the owners of such Bonds as provided in part (a)(B)(4) of this Section and the FORMS OF BONDS set forth in Exhibit A hereto.

More Definitions of Weekly Rate Mode

Weekly Rate Mode means the Mode in which the interest rate on the Bonds is set at the Weekly Rate.

Weekly Rate Mode means a Rate Mode in which Adjustable Rate Bonds bear interest at a Weekly Rate.

Weekly Rate Mode means the Mode in which the interest rate on the Bonds is set at the Weekly Rate. Section 1.02 Recitals, Table of Contents, Titles and Headings. The terms and phrases used in the recitals of this Resolution have been included for convenience of reference only and the meaning, construction and interpretation of such terms and phrases for purposes of this Resolution shall be determined solely by reference to Section 1.01 of this Resolution. The table of contents, titles and headings of the articles and sections of this Resolution have been inserted for convenience of reference only and are not to be considered a part hereof and shall not in any way modify or restrict any of the terms or provisions hereof and shall never be considered or given any effect in construing this Resolution or any provision hereof or in ascertaining intent, if any question of intent should arise.‌Section 1.03 Interpretation. Unless the context requires otherwise, words of the singular number used in this Resolution shall be construed to include correlative words of the plural number and vice versa, and words of the masculine gender shall be construed to include correlative words of the feminine and neuter genders and vice versa. References in this Resolution to numbered Articles, Sections or portions thereof shall refer to the respective Articles and Sections of this Resolution, unless expressly specified otherwise. The terms “hereof,” “herein,” “hereunder” and similar terms shall refer to this Resolution as a whole and not to any particular provision of this Resolution. This Resolution and all the terms and provisions hereof shall be liberally construed to effectuate the provisions set forth herein and to sustain the validity of this Resolution.‌

Weekly Rate Mode means the Interest Rate Mode in which a Bond bears interest at the Weekly Rate.

Weekly Rate Mode means the Adjustable Rate Mode in which the duration of each Adjustment Period is determined in accordance with clause (b) of the definition of Adjustment Period.

Weekly Rate Mode means the mode during which Bonds of a Series bear interest at a Weekly Rate in accordance with the applicable Certificate of Determination.

Weekly Rate Mode means a Rate Mode in which 2001 Series 2 Bonds in such Rate Mode bear interest at a Weekly Rate; and