Daily Rate Mode definition

Daily Rate Mode means a Rate Mode in which Multi-Modal Bonds bear interest at a Daily Rate.
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Daily Rate Mode means the mode during which Bonds of a Series bear interest at a
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Daily Rate Mode means the Mode in which the interest rate on the Bonds is set at the Daily Rate.
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Examples of Daily Rate Mode in a sentence

  • The Company may at any time during a Daily Rate Mode or a Weekly Rate Mode or, subject to the limitations described below, during a CP Rate Mode or Adjustable Rate Mode, direct the Trustee to release an existing Letter of Credit and surrender such Letter of Credit to the Bank without substituting an Alternate Credit Facility therefor.

  • If less than all of the Bonds to be tendered on such purchase date have been remarketed, the Remarketing Agent shall, in addition, notify the Trustee, the Tender Agent (if the Bonds are not then held in the Book-Entry System) and the Company prior to 10:30 a.m. (or, in the case of Bonds in the Daily Rate Mode.

  • Interest on Series 2012A Bonds of a subseries that are issued in the Daily Rate Mode or Weekly Rate Mode shall be calculated on the basis of a 360-day year and the actual number of days elapsed to the Interest Payment Date.

  • Optional Tenders or Bonds in Daily Rate Mode and Weekly Rate Mode ...........................................................................................................

  • While in the Daily Rate Mode or the Floating Rate Mode, Bonds may be tendered for purchase as set forth in the forms of Bonds contained in Section 2.03 hereof.


More Definitions of Daily Rate Mode

Daily Rate Mode means a Rate Mode in which Adjustable Rate Bonds bear interest at a Daily Rate.
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Daily Rate Mode means each period of time during which the bonds of Series LL bear interest at a Daily Rate.
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Daily Rate Mode means the Adjustable Rate 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 Rate Mode means the mode during which Bonds of a Series bear interest at a Daily Rate in accordance with the applicable Certificate of Determination.
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Daily Rate Mode means each period of time during which the bonds of Series RR bear interest at a Daily Rate.
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Daily Rate Mode means each period of time during which the bonds of Series II bear interest at a Daily Rate.
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Daily Rate Mode means each period of time during which the bonds of Series HH bear interest at a Daily Rate.
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