Interest on Bonds Sample Clauses

Interest on Bonds. SECTION 3.01. Interest on Bonds-General
Interest on Bonds. The Bonds shall bear interest from and including the date thereof until payment of the principal or redemption price thereof shall have been made or provided for in accordance with the provisions hereof, whether at maturity, upon redemption or otherwise. Interest accrued on the Bonds from the date of authentication to and including January 3, 2007 shall be paid on the first Thursday of January, 2007 at the Variable Rate. Thereafter until the Conversion Date, interest accrued on the Bonds during each Interest Period (calculated and determined for each Accrual Period) shall be paid on each Interest Payment Date and (except as otherwise provided in Section 4.06 hereof following conversion to a Fixed Interest Rate) computed on the basis of a year of 365 or 366 days, as appropriate, for the actual number of days elapsed. In no event shall the Variable Rate exceed the Maximum Interest Rate.
Interest on Bonds. If, while this Pledge and Security Agreement is in effect, Pledgor shall become entitled to receive or shall receive any interest payment in respect of the Pledged Bonds, Pledgor agrees to accept the same as Bank's agent and to hold the same in trust on behalf of Bank and to deliver the same forthwith to Bank. All interest payments in respect of the Drawing Bonds which are received by Bank shall be credited against the obligation of Pledgor to pay interest to Bank set forth in Section 4.1 of the Agreement.
Interest on Bonds. (A) Each 2014 Bond shall bear interest at the rate set forth in Article IV. Each Additional Bond shall bear interest as provided in the Supplemental Indenture authorizing such Bond. Each Current Interest Bond shall bear interest from and including the Interest Payment Date next preceding the date of registration thereof (unless such Current Interest Bond is registered after a Record Date and on or before the next succeeding Interest Payment Date or on an Interest Payment Date, in which event it shall bear interest from and including such Interest Payment Date, or unless such Current Interest Bond is registered on or prior to its initial Interest Payment Date in which event it shall bear interest from and including the its dated date), payable on each Interest Payment Date for such Bond. The interest so payable on any Interest Payment Date will be paid on the Interest Payment Date to the Persons in whose name the Bonds are registered on the Bond Register at the close of business of the Bond Registrar on the Record Date for such Interest Payment Date, except as provided in Section 3.10. The Capital Appreciation Bonds shall be dated the date of their original delivery and shall bear interest from that date compounded as provided in the Supplemental Indenture authorizing such Bonds. No interest shall be paid on the Capital Appreciation Bonds until their respective maturities or earlier redemption dates. At the time a Capital Appreciation Bond matures or is redeemed, all accrued interest including the compounding thereof shall be paid as part of the Accreted Value of such Capital Appreciation Bond.
Interest on Bonds. (a) The Bonds shall bear interest from and including the date thereof (except as herein provided) until payment of the principal thereof shall have been
Interest on Bonds. With respect to the CAB Bonds, the CAB Districts covenants they will not take any action or omit to take any action, if such action or omission would cause the interest on such Bonds to lose any of the following applicable exclusion(s):
Interest on Bonds. Section 3.01 Interest on Bonds-General
Interest on Bonds. Section 3.01. Interest on Bonds-General...................................................................31 Section 3.02. Commercial Paper Rate.......................................................................34 Section 3.03. Auction Rate Period - Auction Period Rate: General..........................................35 ARTICLE IV CHANGES IN THE INTEREST RATE MODE Section 4.01. Optional Conversion to an Adjustable Rate by Authority......................................37 Section 4.02. Optional Conversion to a Fixed Rate.........................................................40 Section 4.03. Conversion Generally........................................................................42 ARTICLE V REDEMPTION AND PURCHASE OF BONDS
Interest on Bonds. In General. This Bond shall bear interest at a Floating Rate or a Fixed Rate, as specified above and described below. All of the Bonds shall initially bear interest at a Floating Rate, subject to conversion on the Conversion Date (herein defined) to a Fixed Rate, as described
Interest on Bonds. The Bonds shall bear interest from and including the date thereof until payment of the principal thereof shall have been made or provided for in accordance with the provisions hereof, whether at maturity, upon redemption or otherwise. The Bonds will bear interest during the Initial Interest Period at the fixed rate of 6.5% per annum to (but excluding) June 20, 1991 and at the fixed rate of 6.25% per annum from (and including) June 20, 1991 to (but excluding) June