Fixed Rate Mode means the Mode during which the Bonds or any subseries thereof bear interest at a Fixed Rate.

Fixed Rate Mode means the Mode in which the interest rate on the Bonds is fixed untilthe final Maturity Date.

Fixed Rate Mode means the period during which Bonds of a Series bear interest at aFixed Rate.

Examples of Fixed Rate Mode in a sentence

Multi-Modal Bonds in the Fixed Rate Mode The Reoffered Bonds are being reoffered as multi-modal bonds in the fixed rate mode.
Written notice of conversion to the Fixed Rate Mode shall be given pursuant to a Conversion Certificate of an Authorized Representative delivered to the Paying Agent/Registrar, the Remarketing Agent, and any bond rating agency then rating or requested to rate such Bonds not fewer than 15 days prior to the proposed Conversion Date.
The interest on the Bonds in a Fixed Rate Mode shall be payable on the applicable Interest Payment Date as herein described, computed on the basis of a 360-day year of twelve 30-day months.
Upon receipt of the Conversion Certificate giving notice of conversion to the Fixed Rate Mode, the Remarketing Agent shall determine the Fixed Rate not later than noon, New York City time, one (1) Business Day before the Conversion Date.
Notwithstanding the foregoing, if the preconditions to conversion to the Fixed Rate Mode established by this subsection and Section 2.03(c) hereof are not met by 10:30 a.m., New York City time, on the Conversion Date, the Remarketing Agent shall immediately notify the Paying Agent/Registrar by telephone promptly confirmed in writing.

More Definitions of Fixed Rate Mode

Fixed Rate Mode. ’ means a Rate Mode in which Multi-Modal Bonds bear interest at a Fixed Rate. ‘‘Fixed Rate Period’’ means the period from and including the Conversion Date and extending to the

Fixed Rate Mode means any time during which the Bonds bear interest at a Fixed Interest Rate.

Fixed Rate Mode means the Mode during which a Series of Variable Rate Bonds bears interest at Fixed Rates.

Fixed Rate Mode means a Rate Mode in which a 2001 Series 2 Bond in such Rate Mode bears interest at a Fixed Rate;

Fixed Rate Mode means the Mode during which the Bonds bear interest at the Fixed

Fixed Rate Mode means the Mode in which the interest rate on the Bonds is fixed from the Fixed Rate Conversion Date until the Maturity Date.

Fixed Rate Mode has the meaning set forth in the form of Fixed Rate Bond in Paragraph 301(a)(ii).