Common use of Interest on the Bonds Clause in Contracts

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) or (4), or an Alternate Rate determined under (a)(5), shall exceed the Maximum Rate.

Appears in 1 contract

Samples: Loan and Trust Agreement (Tampa Electric Co)

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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 (45), or an Alternate Rate determined under (a)(5a)(6), shall exceed the Maximum Rate.

Appears in 1 contract

Samples: Loan and Trust Agreement (Tampa Electric Co)

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Interest on the Bonds. Interest on the each series of Bonds will be payable as provided in the Bonds and in this Section. The Determination Method for each series of Bonds 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 or the Auction Agent under (a)(1), (2), (3), (4) or (45), or an Alternate Rate determined under (a)(5a)(6), shall exceed the Maximum Rate.

Appears in 1 contract

Samples: Loan and Trust Agreement (Tampa Electric Co)

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