Examples of Failed Remarketing Rate in a sentence
If A Failed Remarketing Is Declared, The Failed Remarketing Rate You Will Receive May Be Less Than The Then-Prevailing Market Rate Of Interest If a failed remarketing is declared, your class of reset rate notes will become subject to the applicable failed remarketing rate.
If the holder of the Purchase Option fails to provide the required notice or purchase price, such Class of the Reset Rate Notes shall bear interest at the Failed Remarketing Rate during the following Reset Period.
Details regarding timing and location are still under discussion.
If a Failed Remarketing occurs, the Series 2007-1 Reset Rate Notes will bear interest at the Failed Remarketing Rate, as set forth in Annex II to the Indenture.
In the event that during the MMD FRN Rate Period, the Remarketing Agent is unable to place all of the principal amount of the Series 2016A Bonds at the Purchase Price on a Mandatory Purchase Date, the Series 2016A Bonds shall be returned to the Owners thereof and the Series 2016A Bonds shall bear interest at a rate equal to the Failed Remarketing Rate until the Series 2016A Bonds are able to be remarketed.