CP Rate Period definition

CP Rate Period means, with respect to any CP Tranche, a period of days not to exceed 270 days commencing on a Business Day selected in accordance with Section 2.7(b); provided that (x) if a CP Rate Period would end on a day that is not a Business Day, such CP Rate Period shall end on the next succeeding Business Day and (y) during the Series 2010-6 Controlled Amortization Period and the Series 2010-6 Rapid Amortization Period, each CP Rate Period shall end on or prior to the next succeeding Distribution Date.
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CP Rate Period means, with respect to any CP Tranche, a period of days not to exceed 270 days commencing on a Business Day selected in accordance with Section 2.7(b); provided that (x) if a CP Rate Period would end on a day that is not a Business Day, such CP Rate Period shall end on the next succeeding Business Day and (y) during the Series 2015-3 Controlled Amortization Period and the Series 2015-3 Rapid Amortization Period, each CP Rate Period shall end on or prior to the next succeeding Distribution Date.
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CP Rate Period means with respect to each Bond, while the Bonds are in the CP Rate Mode, a period (a) which begins on a CP Rate Conversion Date or a CP Rate Reset Date, as appropriate, and (b) has a duration which shall have been set by the Remarketing Agent as provided in Section 2.02(d), from l to 360 days' length, and (c) which ends on a day which immediately precedes a Business Day and which falls on or prior to the maturity date of the Bonds.
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Examples of CP Rate Period in a sentence

  • Such notice shall specify (i) the applicable Business Day, (ii) the CP Rate Period for each CP Tranche to which a portion of the Available CP Funding Amount with respect to such Purchaser Group is to be allocated and (iii) the portion of such Available CP Funding Amount being allocated to each such CP Tranche.

  • In the case of each CP Rate Period, on the first day thereof, the Remarketing Agent shall determine (i) the duration of such CP Rate Period and (ii) the CP Rate which shall apply during such CP Rate Period.

  • Such notice shall specify (i) the applicable Business Day, (ii) the CP Rate Period for each CP Tranche to which a portion o f the Available CP Funding Amount with respect to such CP Conduit Purchaser Group is to be allocated and (iii) the portion of such Available CP Funding Amount being allocated to each such CP Tranche.

  • Upon determination of the duration of a CP Rate Period with respect to any Bonds, the Remarketing Agent shall determine the CP Rate which shall be in effect with respect to such Bonds during such CP Rate Period, which shall be the lowest rate of interest which, in the Remarketing Agent's sole judgment, having due regard to prevailing financial market conditions, will permit such Bonds to be sold at par on the first day of such CP Rate Period.

  • Stephenson AJ, Kattan MW, Eastham JA, Bianco FJ Jr, Yossepowitch O, Vickers AJ, et al.

  • While the Bonds are in the CP Rate Mode, interest on this Bond will be payable on the first Business Day which follows each CP Rate Period applicable to this Bond, and shall be computed on the basis of a 365- or 366-day year, and the actual number of days elapsed.

  • Upon determination of the duration of a CP Rate Period with respect to any Bonds, the Remarketing Agent shall determine the CP Rate which shall be in effect with respect to such Bonds during such CP Rate Period, which shall be the lowest rate of interest which, in the sole judgment of the Remarketing Agent, having due regard to prevailing financial market conditions, will permit such Bonds to be sold at par on the first day of such CP Rate Period.

  • On the first day of each CP Rate Period, the Remarketing Agent shall furnish to the Trustee, the Bank, the Company and, if the Bonds are not in a Book-Entry System, the Tender Agent, notice of the duration of such CP Rate period and the CP Rate to be effective during such CP Rate period.

  • Such notice shall specify (i) the applicable Business Day, (ii) the CP Rate Period for each CP Tranche to which a portion of the Available CP Funding Amount with respect to such CP Conduit Purchaser Group is to be allocated and (iii) the portion of such Available CP Funding Amount being allocated to each such CP Tranche.

  • On the first Business Day of each CP Rate Period (the ‘‘Rate Determination Date’’), the Remarketing Agent shall set a rate (a ‘‘CP Rate’’) by 12:30 p.m., for each CP Rate Period.


More Definitions of CP Rate Period

CP Rate Period means, with respect to any CP Loan, subject to the limitations set forth in Section 3.10(d) of the Participation Agreement, the period (not to exceed 180 days) specified in the Advance Request or Continuation Notice; provided that if no period is specified in the Advance Request or Continuation Notice, the "CP Rate Period" shall be the number of days set forth at the last paragraph of Section 2.5(c) of the Loan Agreement.
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CP Rate Period means the period from and including a Distribution Date to but excluding the next succeeding Distribution Date.
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CP Rate Period means, with respect to any CP Tranche, a period of days not to exceed 270 days or, in the case of secured liquidity notes, 90 days, commencing on a Business Day selected in accordance with Section 2.7(b); PROVIDED that (x) if a CP Rate Period would end on a day that is not a Business Day, such CP Rate Period shall end on the next succeeding Business Day or, in the case of secured liquidity notes, the preceding Business Day and (y) during the Series 2002-4 Amortization Period, each CP Rate Period shall end on or prior to the next succeeding Distribution Date.
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Related to CP Rate Period

  • Weekly Rate Period means any period of time during which a Group of 2021 Series J Variable Rate Bonds bears interest at the Weekly Rate.

  • Interest Rate Period means that period of time for which the interest rate with respect to the Bonds has been determined by the Remarketing Agent or otherwise as provided in the definition of the applicable Interest Rate Mode, commencing on the applicable Interest Rate Adjustment Date, and terminating on the day immediately preceding the following Interest Rate Adjustment Date, if any.

  • Subsequent Rate Period means, with respect to any Series of VMTP Shares, the period consisting of seven calendar days, but adjusted in each case to reflect any changes when the regular calendar day that is a Rate Determination Date is not a Business Day, from, and including, the first calendar day following the Initial Rate Period of such Series to, and including, the next Rate Determination Date for such Series and any period thereafter from, and including, the first calendar day following a Rate Determination Date for shares of such Series to, and including, the next succeeding Rate Determination Date for shares of such Series.

  • Initial Rate Period means, with respect to the VMTP Shares of any Series, the period commencing on and including the Date of Original Issue thereof and ending on, and including, the next succeeding calendar day that is a Wednesday (or if such Wednesday is not a Business Day, the next succeeding Business Day).

  • Initial Fixed Rate Period means the period commencing on the Issue Date and ending on and including June 30, 2020.

  • Daily Rate Period means a period commencing on one Business Day and extending to, but not including, the next succeeding Business Day, during which Multi-Modal Bonds bear interest at the Daily Rate.

  • Quarterly Floating Rate Period means, for the initial Quarterly Floating Rate Period, the period commencing on March 20, 2020 and ending on and including June 19, 2020, and thereafter the period from and including the day immediately following the end of the immediately preceding Quarterly Floating Rate Period to but excluding the next succeeding Quarterly Commencement Date.

  • Subsequent Fixed Rate Period means for the initial Subsequent Fixed Rate Period, the period commencing on July 1, 2020 and ending on and including June 30, 2025 and for each succeeding Subsequent Fixed Rate Period, the period commencing on the day immediately following the end of the immediately preceding Subsequent Fixed Rate Period and ending on and including June 30 in the fifth year thereafter.

  • Rate Period has the meaning set forth in the Statement.

  • Fixed Rate Calculation Date means, for any Subsequent Fixed Rate Period, the 30th day prior to the first day of such Subsequent Fixed Rate Period.

  • First Reset Period means the period from (and including) the First Reset Date until (but excluding) the Second Reset Date or, if no such Second Reset Date is specified in the applicable Final Terms, the Maturity Date;

  • Floating Rate Calculation Date means, for any Quarterly Floating Rate Period, the 30th day prior to the first day of such Quarterly Floating Rate Period.

  • Base Rate Term SOFR Determination Day has the meaning specified in the definition of “Term SOFR”.

  • Reset Period means the First Reset Period or a Subsequent Reset Period, as the case may be;

  • Subsequent Reset Rate of Interest means, in respect of any Subsequent Reset Period and subject to Condition 4(b)(ii), the rate of interest determined by the Calculation Agent on the relevant Reset Determination Date as the sum of the relevant Mid-Swap Rate and the relevant Subsequent Margin.