ARS Conversion Date definition

ARS Conversion Date means with respect to Notes, the date on which the Notes of such Series convert from an interest rate period other than an ARS Rate Period and begin to bear interest at the Auction Period Rate.
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ARS Conversion Date means the effective date of a Change to ARS Mode on which the Bonds of a Subseries begin to bear interest at an ARS Rate.
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ARS Conversion Date. ’ means the date on which the Bonds of a Subseries Convert from a Rate Mode other than the Auction Rate Mode and begin to bear interest at the Auction Period Rate.
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Examples of ARS Conversion Date in a sentence

  • Such notice shall specify the Bonds to be converted, the ARS Conversion Date and the length of the initial Auction Period.

  • No such change to an ARS Rate Period shall become effective unless the Company shall also file, with the Authority, the Bond Insurer and the Trustee, a Favorable Opinion of Tax Counsel to the same effect dated the ARS Conversion Date.

  • In addition if this Broker-Dealer Agreement takes effect as a result of an ARS Conversion Date, BD agrees to set the Initial Period Rate as provided in Schedule I of the Auction Procedures and give notice thereof as provided in such Schedule I.

  • With respect to a Series of Bonds in a six-month Auction Period, a period of generally six months (or shorter period upon a conversion from another Auction Period or following an ARS Conversion Date) beginning on the day following the last day of the prior Auction Period and ending on the next succeeding date set forth in Schedule I.