Commercial Paper Mode definition

Commercial Paper Mode means each period of time, comprised of Commercial Paper Periods, during which Commercial Paper Rates are in effect.

Commercial Paper Mode means a Rate Mode in which a Multi-Modal Bond for its Commercial Paper Rate Period bears interest at a Commercial Paper Rate.

Commercial Paper Mode means the mode during which Bonds of a Series bear interest at a Commercial Paper Rate.

Examples of Commercial Paper Mode in a sentence

• During a Commercial Paper Mode, each Bond will bear interest during the Commercial Paper Period for such Bond at the Commercial Paper Rate for such Bond.

• The original Term Rate Mode was changed to Commercial Paper Mode, with a fixed interest rate of .50% until the next mandatory tender on January 2, 2014.

• The Trustee will give notice of each redemption as provided in the Bonds and will at the same time give a copy of the notice to the Remarketing Agent, provided that no redemption notice shall be given with respect to a redemption under "Mandatory Redemption on Each Interest Payment Date During Commercial Paper Mode" in Section 8 of the form of the Bonds.

• While Bonds are in a Commercial Paper Mode, during any transition period caused by an automatic conversion of such Bonds to a Weekly Rate in accordance with this Subsection (5), Bonds bearing interest at a Weekly Rate and Bonds bearing interest at a Commercial Paper Rate, as applicable, shall be governed by the provisions of this Indenture applicable to such methods of determining interest on the Bonds.

• Staff will continue to report quarterly progress reports to Council.

More Definitions of Commercial Paper Mode

Commercial Paper Mode means the Mode during which the Bonds or any subseries bear interest at the Commercial Paper Rate.

Commercial Paper Mode means, with respect to a Series of Variable Rate Bonds, the Mode during which the Variable Rate Bonds of such Series bear interest at a Commercial Paper Rate.

Commercial Paper Mode and “Commercial Paper Rate” have the respective meanings stated in Section 1.01 of the Bond Indenture.

Commercial Paper Mode means a Rate Mode in which a 2001 Series 2 Bond for its respective Commercial Paper Rate Period bears interest at a Commercial Paper Rate;

Commercial Paper Mode means the mode during which the duration of the interest periods and the interest rates may vary and are determined in accordance with the Eighteenth Supplemental Resolution.

Commercial Paper Mode means each period of time, comprised of Commercial Paper Periods, during which Commercial Paper Rates are in effect. "Commercial Paper Period" means, with respect to any Bond, each period established pursuant to Section 2.02(a)(3). "Commercial Paper Rate" means, with respect to any Bond, the interest rate on such Bond established pursuant to Section 2.02(a)(3). "Commercial Paper Rate Conversion Date" means each Interest Payment Date on which the Bonds first begin to bear interest at a Commercial Paper Rate pursuant to the provisions of this Indenture. "Commercial Paper Rate Reset Date" means each Interest Payment Date on which commences a new Commercial Paper Period, upon which a new Commercial Paper Rate established pursuant to this Indenture becomes effective. "Company" means Xxxxxx-Xxxxxx, Inc., a Delaware corporation, and its permitted successors and assigns as provided in Section 5.2 of the Loan Agreement.

Commercial Paper Mode means the Mode during which a Series of the Notes bear interest at a Commercial Paper Rate or Rates. The Notes are issued initially in the Commercial Paper Mode.