Daily Mode definition

Daily Mode means the Mode during which all or any part of the 2020D-2 Bonds bear interest at the Daily Rate.
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Daily Mode means the Mode during which the Bonds or any subseries thereof bear interest at the Daily Rate.
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Daily Mode means the Interest Mode during which the 2002 Series B Bonds bear interest at Daily Rates.
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Examples of Daily Mode in a sentence

  • The Daily Rate for any day during the Daily Mode which is not a Business Day shall be the Daily Rate established on the immediately preceding Rate Determination Date.

  • Optional Tenders of Bonds in the Daily Mode, the Weekly Mode or the R-FLOATs Mode 48 SECTION 4.07.

  • While the Bonds of any subseries are in the Daily Mode, the Remarketing Agent for such Bonds shall establish the Daily Rate therefor by 10:00 a.m. New York City time on each Business Day.

  • Interest on the Bonds in a Flexible Mode, Daily Mode, Weekly Mode or Monthly Mode shall be payable on the applicable Interest Payment Date as herein described, computed on the basis of a 365 or 366-day year, as applicable for the number of days actually elapsed based on the calendar year in which such Rate Period commences.

  • Notice of such mandatory purchase shall be given to the REGISTERED OWNER in accordance with the provisions of the Indenture, at least thirty (30) days (fifteen (15) days with respect to Bonds in a Daily Mode or Weekly Mode), unless a shorter period is required pursuant to the provisions of the Indenture, prior to the Purchase Date.


More Definitions of Daily Mode

Daily Mode means the Mode during which a Series of Variable Rate Bonds bears interest at the Daily Rate.
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Daily Mode means an Interest Mode in which the interest rate on the Bonds in such Interest Mode is adjusted on each Business Day, or calendar day under certain circumstances, as provided in this Indenture.
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Daily Mode means the Mode during which Bonds of a Series bear interest at a
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Daily Mode means the Mode in which the duration of each Adjustment Period is determined in accordance with clause (a) of the definition of Adjustment Period.
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Daily Mode means the mode during which 2005A Bonds bear interest at a daily interest rate. “Daily Rate” means an interest rate determined on each Business Day pursuant to the Eighteenth
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Daily Mode means the Rate Mode during which the interest on the Floater Certificates is reset on a daily basis.
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Daily Mode means the mode during which Bonds of a subseries bear interest at a Daily Rate.
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