Flexible Mode Sample Clauses

Flexible Mode. While the Bonds are in the Flexible Mode, the Bonds shall be subject to optional redemption, after the dates specified in the table below, in whole or in part in Authorized Denominations on any date at the direction of the Borrower, together with the written consent of the L/C Bank, upon at least 45 days' (or such shorter period acceptable to the Trustee) prior written notice from the Borrower to the Trustee at the applicable redemption price (expressed as a percentage of the principal amount to be redeemed) set forth below, plus accrued interest thereon to the date of redemption: [LENGTH OF CURRENTLY APPLICABLE FLEXIBLE PERIOD1 (expressed in whole years) DATES AFTER WHICH REDEMPTION IS ALLOWED AND REDEMPTION PRICES* greater than 10 after 10 years at 102%, declining by 1% annually to 100% less than or equal to 10 and greater than 7 after 5 years at 101%, declining by 1% annually to 100% less than or equal to 7 and greater than 4 after 3 years at 101%, declining by 1% annually to 100% less than or equal to 4 not callable] The payment of any premium upon the optional redemption of Bonds shall be made solely from Available Moneys (which shall only include proceeds of a draw on the Letter of Credit or the Confirming Letter of Credit, if any, if the Letter of Credit or the Confirming Letter of Credit, if any, covers such premium). Notwithstanding the foregoing, the Bonds when in a Flexible Period may be subject to optional redemption upon terms different than those set forth above (or not be subject to optional redemption during such period) if the Borrower delivers to the Issuer, the Trustee, the Remarketing Agent and the L/C Bank on or before the first day of such Flexible Period a certificate specifying different optional redemption dates or prices to be in effect during such period (or that the Bonds will not be subject to optional redemption during such Period) and an opinion of Bond Counsel to the effect that the adoption of such optional redemption provisions would not adversely affect the exclusion of interest on the Bonds from the Federal gross income of the holders thereof. Upon delivery of such certificate, the Bonds shall be subject to optional redemption during such Period as specified in such certificate and no further consent, or amendment to this Agreement, shall be required.
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Flexible Mode 
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Related to Flexible Mode

  • Flexible Flexible and agile in practices, process, and guidelines to recognise and reward performance;

  • Flexible Work Schedule A flexible work schedule is any schedule that is not a regular, alternate, 9/80, or 4/10 work schedule and where the employee is not scheduled to work more than 40 hours in the "workweek" as defined in Subsections F. and H., below.

  • Flexible Spending Account The parties agree that the State shall have the right to use State Employee Health Plan funds to cover the administrative costs of operating the medical and dependent care flexible spending account programs.

  • Flexible Spending Accounts Employees in the unit shall have access to the County’s flexible spending account program, which provides employees with the options of dependent care assistance benefits with a calendar year maximum of $5,000, and medical expense reimbursement benefits with a calendar year maximum of $2,400. The County shall maintain this plan in compliance with IRC §125. Employee premiums for flexible spending account benefits shall be deducted on a pre-tax basis from employee pay.

  • Flexible Hours Upon the request of an employee and the concurrence of the Employer, an employee may work flexible hours on a daily basis so long as the daily hours amount to seven and one-half (71/2).

  • Flexible Work Schedules (a) Academic Professional staff members throughout the University may have, as indicated below, flexible work schedules. For example, Academic Professionals often travel on University business and/or work evenings and weekends. A flexible work schedule is defined as having established working hours different from the standard 8:00 a.m. to 5:00 p.m. Monday through Friday schedule, to be followed by an employee for an agreed upon period of time.

  • Flexible Scheduling All posts experience a higher day-time volume than occurs during the night hours and the Parties agree to a flexible scheduling as outlined below to be compatible with the needs of the community served and availability of on-call staff and the members of the post’s full-time staff.

  • Flexible Work Arrangements (1) Work-life strategies are important to allow staff to harmonise their family and work commitments, while maintaining operational efficiency and work force productivity.

  • Flexible Spending Plan As of the Employment Commencement Date, the Seller shall transfer, or use commercially reasonable efforts to cause to be transferred, from the Employee Plans that are medical and dependent care account plans (each, a “Seller FSA Plan”) to one or more medical and dependent care account plans established or designated by Buyer (collectively, the “Buyer FSA Plan”) the account balances (positive or negative) of Transferred Employees, and Buyer shall be responsible for the obligations of the Seller FSA Plans to provide benefits to the Transferred Employees with respect to such transferred account balances at or after the Employment Commencement Date (whether or not such claims are incurred prior to, on or after such date). Each Transferred Employee shall be permitted to continue to have payroll deductions made as most recently elected by him or her under the applicable Seller FSA Plan. As soon as reasonably practicable following the end of the plan year for the Buyer FSA Plan, including any grace period, Buyer shall promptly reimburse Seller for benefits paid by the Seller FSA Plans to any Transferred Employee prior to the Employment Commencement Date to the extent in excess of the payroll deductions made in respect of such Transferred Employee at or prior to the Employment Commencement Date but only to the extent that such Transferred Employee continues to contribute to the Buyer FSA Plan the amount of such deficiency. This Section 8.07 shall be interpreted and administered in a manner consistent with Rev. Rul. 2002-32.

  • Flexible Benefits Plan A flexible benefits plan, which is in accordance with Section 125 of the Internal Revenue Code, was implemented for eligible employees covered by this Agreement on October 1, 1990.

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