Interest on the Bonds Sample Clauses

Interest on the Bonds. If, while the Administrative Agent or its designated agent holds Pledged Bonds, the Borrower shall receive any interest payment in respect of such Pledged Bonds, the Borrower agrees to accept the same as agent for the Administrative Agent and to hold the same in trust on behalf of the Administrative Agent and to deliver the same forthwith to the Administrative Agent. All sums of money so paid in respect of such Pledged Bonds that were received by the Borrower and paid to the Administrative Agent, or that shall be received directly by the Administrative Agent (or its designated agent), shall be credited as provided in Section 3.05(b)(i).
Interest on the Bonds. Interest on the Bonds will be payable as provided in the Bonds and in this Section. Interest on the Bonds will initially be payable at the Daily Rate. The interest rate determination method may be changed by the Company as described in paragraph (b) below. The methods of determining the various interest rates are as provided in the following paragraph (a).
Interest on the Bonds. Interest on the Bonds will be payable as provided in the Bonds and in this Section. The Determination Method may be changed by the Company as described in subsection (b) below. The methods of determining the various interest rates are as provided in subsection (a) below.
Interest on the Bonds. The Bonds shall bear interest as herein provided from the date thereof until paid in full. The Bonds will initially bear interest at a One-year Rate of 4.00%. Interest accrued on the Bonds shall be paid on each Interest Payment Date (or, if such day is not a Business Day, on the next succeeding Business Day), commencing on March 1, 1997. Subsequent to a Conversion Date, the Bonds shall bear interest at the lowest rate determined by the Remarketing Agent on their date of issuance as necessary to sell all of the Bonds at par; provided that no interest rate on the Bonds shall exceed the Maximum Rate. The amount of interest payable on any Interest Payment Date shall be computed on the basis of the actual number of days elapsed over a year of 365 or 366 days, whichever may be applicable. If, subsequent to any Conversion Date, the Bonds bear interest at the Weekly Rate, during each Weekly Rate Period the Bonds shall bear interest at the Weekly Rate, determined by the Remarketing Agent initially no later than the first day of each Weekly Rate Period and thereafter no later than Wednesday (or the next succeeding Business Day, if such Wednesday is not a Business Day) of each week during such Weekly Rate Period. The Weekly Rate shall be the minimum rate of interest that would cause the Bonds on the date such rate is determined to have a market value equal to the then outstanding principal amount, plus, if such sale would not be on an Interest Payment Date, accrued interest. Such rate shall be determined by the Remarketing Agent in its sole discretion based on prevailing market conditions. The determination of the Weekly Rates as provided in this Indenture shall be conclusive and binding on the Issuer, the Company, the Bank, the Trustee, the Remarketing Agent and the Bondholders. The calculation and verification of interest payable on the Bonds as provided in this Indenture shall be conclusive and binding on the Issuer, the Company, the Bank, the Trustee, the Remarketing Agent, and the Bondholders, absent manifest error. If the Remarketing Agent shall not have determined a Weekly Rate for any week, the Weekly Rate shall be the same as the Weekly Rate for the immediately preceding week. If for any reason, the Weekly Rate cannot be determined for any week as hereinbefore provided, the Weekly Rate for such week shall be a rate per annum equal to 100% of the rate published in the then most recent edition of The Bond Buyer for 30-day prime tax-exempt commercial paper or, ...
Interest on the Bonds. Interest on the Bonds will be payable as provided in the Bonds and in this Section. The Determination Method may be changed by the Company as described in paragraph (b) below. The methods of determining the various interest rates are as provided in paragraph (a) below, provided that no interest rate set or determined by the Remarketing Agent under (a)(1), (2), (3), (4) or (5), or an Alternate Rate determined under (a)(6), shall exceed the Maximum Rate.
Interest on the Bonds. (i) The Bonds shall bear interest from and including the Date of the Bonds as shown on Exhibit B 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 on the Bonds shall be paid on each Interest Payment Date. During any Interest Rate Period other than a Long-Term Interest Rate Period, interest on the Bonds shall be computed upon the basis of a 365 or 366-day year, as applicable, for the number of days actually elapsed. During any Long-Term Interest Rate Period, interest on the Bonds shall be computed upon the basis of a 360-day year, consisting of twelve (12) thirty (30) day months.
Interest on the Bonds. Interest on the Bonds shall be payable as provided in this Section 2.02. Interest on the Series 1996 Bonds shall initially be payable at the Weekly Rate established at the time of original issuance and delivery of the Series 1996 Bonds, but in no event shall the interest rate on the Bonds exceed the Maximum Rate. The Bonds will initially bear interest from the Closing Date at the Weekly Rate, and thereafter will bear interest from the Interest Payment Date next preceding the date of authentication; unless (i) authenticated prior
Interest on the Bonds. The Bonds shall bear interest as follows:
Interest on the Bonds. If, while this Pledge and Security Agreement is in effect, either Pledgor shall become entitled to receive or shall receive any interest payment in respect of the Pledged Bonds, the receiving Pledgor agrees to accept the same as the Bank's agent and to hold the same in trust on behalf of the Bank and to deliver the same forthwith to the Bank. All such interest payments received by the Bank shall be credited against the obligation of the Pledgor to pay interest to the Bank with respect to the Pledged Bonds as set forth in the Reimbursement Agreement.
Interest on the Bonds. 3.1. The Bonds carry interest as stated in Section 2.1.2 of the Deed of Trust.