Indexed Mode Sample Clauses
Indexed Mode with respect to Bonds (a) in a Long Indexed Mode, the dates determined by the Remarketing Agent for such Bonds pursuant to Section 2.07, and (b) in a Term Indexed Mode, (x) the first Business Day of each month during any Interest Period, if the Initial LIBOR Term Indexed Mode is in effect or if elected by the Borrower when directing a change to any Interest Mode, (y) otherwise on the first Business Day of each February, May, August, and November, and (z) each Purchase Date;
Indexed Mode with respect to Bonds (a) in a Long Indexed Mode, shall extend from the first day of such Indexed Mode to the Maturity Date, and (b) in a Term Indexed Mode initially shall extend from the first day of such Term Indexed Mode to, but not including, the Purchase Date established for such Bonds pursuant to Section 2.07, and thereafter shall extend from and including such Purchase Date to but excluding the next Purchase Date therefor;