BMA Index definition

BMA Index means, as of any date, the rate calculated according to the Bond Market Association Municipal Swap Index as of the most recent date for which such index was published or such other weekly, high-grade index composed of weekly, tax-exempt variable rate demand notes produced by Municipal Market Data, Inc. or any successor thereto, or as otherwise designated by the Bond Market Association.

BMA Index means the BMA Municipal Swap Index disseminated by Municipal Market Data, a Thomson Financial Services Company, or its successor. However, if that index ceases to be available, “BMA Index” means an index reasonably selected by the City which is widely available to dealers in municipal securities, and which measures the interest rate of municipal securities that bear interest at short term or variable rates.

BMA Index means, as of any date of determination, The Bond Market Association Municipal Swap Index that is most recently released by Municipal Market Data to its subscribers prior to such date of determination; provided, however, that if the BMA Index is unavailable for a period of over 21 days preceding such date of determination, references to the BMA Index shall be replaced by the After-Tax Equivalent Rate.

Examples of BMA Index in a sentence

• If a Daily Interest Rate for the first day of such Daily Interest Rate Period is not determined as provided in Section 2.01(c)(ii) hereof, the Daily Interest Rate for the first day of such Daily Interest Rate Period shall be equal to the BMA Index.

• For those swaps associated the VRDBs and ARBs, the City receives a floating rate based on the either the BMA Index or one-month LIBOR.

• If referenced from a script or other non-interactive part of the Eclipse environment (such as the Refactoring History Man- ager), the name of the refactoring is mapped to a RefactoringContribution-derived class, which is then instantiated and passed the arguments from the script.

• For purposes of calculating Annual Debt Service for determining compliance with Section 7.9, the Estimated Average Interest Rate means the average BMA Index for the 52 week period that ends on or immediately before the end of the month preceding the month in which the calculation is made, expressed as an annualized interest rate, plus fifty basis points (0.50%).

• Training on data collection and coalition sustainability was conducted in September by PIRE.

More Definitions of BMA Index

BMA Index means, as of any date of determination, The Bond Market Association Municipal Swap Index that is most recently released by Municipal Market Data to its subscribers prior to such date of determination; provided, however, that if the BMA Index is unavailable for a period of over twenty-one (21) days preceding such date of determination, references to the BMA Index shall be replaced by the After-Tax Equivalent Rate.

BMA Index means on any date, a rate determined on the basis of the seven-day high grade market index of tax-exempt variable rate demand obligations, as produced by Municipal Market Data and published or made available by the Bond Market Association (“BMA”) or any person acting in cooperation with or under the sponsorship of BMA and acceptable to the Remarketing Agent and effective from such date.

BMA Index means the “BMA Municipal Bond Index”™ published from time to time by the Bond Market Association based upon weekly yield evaluations at par of tax-exempt state and local government bonds or if such index is no longer published, a comparable index as selected by the remarketing agent with respect to the affected Variable Rates Notes subject to receipt of a Rating Confirmation.

BMA Index means, on any day, The Bond Market Association Municipal Swap Index as of the most recent date for which such index was published by Municipal Market Data, Inc., provided that, if such index is no longer published by Municipal Market Data, Inc. or its successor, then “BMA Index” shall mean such other reasonably comparable index selected by the Authority.

BMA Index means, as of any date of determination, The Bond Market Association Municipal Swap Index that is most recently released by

BMA Index or “Municipal Swap Index” means the rate of interest established as the weekly high grade market index comprised of 7-day tax-exempt variable rate demand notes, published weekly and reset each Wednesday by BMA-Municipal Market Data as the BMA Municipal Swap Index, all as determined by the BMA Calculation Agent pursuant to the Swap Agreements, if any, and in the event such rate is no longer determined, any replacement thereof approved by the Administrator.

BMA Index means, on any date, a rate determined on the basis of the seven-day high grade market index of tax-exempt variable rate demand obligations, as produced by Municipal Market Data and published or made available by the Bond Market Association (“BMA”) or any person acting in cooperation with or under the sponsorship of BMA and acceptable to the Market Agent (if any) for the applicable Series of Bonds, and effective from such date; provided, however, that if such index ceases to be available, “BMA Index” means any index reasonably selected by the City and County and acceptable to the Market Agent, which is widely available to dealers in municipal securities, and which measures the interest rate of municipal securities that bear interest at short-term rates or variable rates.