Weekly Rate Period definition

Weekly Rate Period means any period of time during which a Group of 2024 Series A Variable Rate Bonds bears interest at the Weekly Rate.

Weekly Rate Period means any period during which the Bonds bear interest at a Weekly Rate; the first such period shall commence on the date of initial issuance of the Bonds and shall extend through the day immediately preceding the earlier of (a) the effective date of a Change in the Interest Rate Mode or (b) the Stated Maturity.

Weekly Rate Period means the period beginning on, and including, the Conversion Date to the Weekly Rate, and ending on, and including, the next Tuesday, and thereafter the period beginning on, and including, each Wednesday and ending on, and including, the earliest of the next Tuesday, the day preceding the Conversion to a different Interest Rate Mode or the maturity of the Bonds.

Examples of Weekly Rate Period in a sentence

• The Registrar and Paying Agent shall not be required to transfer or exchange Bonds during any period beginning at the opening of business fifteen (15) days before the day of mailing of a notice of redemption and ending at the close of business on the day fixed for redemption; provided, however, that the foregoing shall not apply during a Daily Rate Period, a Weekly Rate Period, a Commercial Paper Rate Period or an Auction Rate Period.

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

• Thereafter, each Weekly Rate shall apply to the period commencing on each Wednesday and ending on the succeeding Tuesday; provided, however, if a Weekly Rate Period shall end on a day other than Tuesday, the last Weekly Rate for such Weekly Rate Period shall apply to the period commencing on the Wednesday preceding the last day of such Weekly Rate Period and ending on such last day.

• During any Daily Rate Period, Weekly Rate Period or Flexible Rate Period, interest on the related Bonds shall be computed upon the basis of a 365 or 366-day year, as applicable, for the number of days actually elapsed.

• During each Weekly Rate Period, the Bonds shall bear interest at the Weekly Rate, which, in the case of the first Weekly Rate determined for each Weekly Rate Period, shall be determined by the Remarketing Agent not later than 2:00 p.m. New York time on the first day of such Weekly Rate Period and, thereafter, no later than the Business Day preceding each Wednesday during such Weekly Rate Period.

More Definitions of Weekly Rate Period

Weekly Rate Period means any period of time during which the 2005 Bonds bear interest at the Weekly

Weekly Rate Period means each period during a Weekly Rate Mode from and commencing on a Thursday and ending on the next succeeding Wednesday; provided, however, that if a Weekly Rate Mode shall end on a day other than a Wednesday, the last Weekly Rate Period during such Weekly Rate Mode shall end on the last day of such Weekly Rate Mode; provided, further, that the first Weekly Rate Period during a Weekly Rate Mode shall be the period from and commencing on the first day of such Weekly Rate Mode and ending on the next succeeding Wednesday.

Weekly Rate Period means a Commercial Paper Term Period with an Interest Rate Period of generally seven days.

Weekly Rate Period means each period during which Bonds bear interest at Weekly Rates.

Weekly Rate Period. ’ means a period commencing on a Conversion Date or the date (Thursday unless otherwise specified by an Authorized Officer of the City) following a Weekly Rate Period, and extending for 7 days.

Weekly Rate Period means any period during which the Bonds bear interest at a Weekly Rate.

Weekly Rate Period means the period during which the Bonds accrue interest at a particular Weekly Rate.