Flexible Date definition

Flexible Date means, with respect to each Bond, the first day next succeeding the last day of a Flexible Period, or in the case of the initial period during which the Bonds are in a Flexible Mode, the first day of such Flexible Period during which the Bonds bear interest at a Flexible Rate; provided, however, that a Flexible Date must be a Business Day.
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Examples of Flexible Date in a sentence

  • All Bonds whose Flexible Periods commence on a given Flexible Date and which have equal Flexible Periods shall bear interest at the same rate.

  • No later than 12:30 p.m., New York City time, on each Flexible Date (except any Flexible Date that is an Interest Mode Adjustment Date on which such Bonds shall no longer be in a Flexible Mode), the Remarketing Agent shall determine the Flexible Rate for each applicable Flexible Period of the Flexible Mode and shall make the Flexible Rate available to any Bondholder who makes telephonic request therefor.

  • Upon the occurrence of certain events as provided in Section 2.4(E) hereof, the Bonds in a Flexible Mode shall automatically convert to a Weekly Mode on the next Flexible Date.

  • No later than 12:30 p.m., New York City time, on each Flexible Date (except any Flexible Date that is an Interest Mode Adjustment Date on which such Bonds shall no longer be in a Flexible Mode), the Remarketing Agent for the applicable Series of Bonds shall determine the Flexible Rate for each applicable Flexible Period of the Flexible Mode and shall make the Flexible Rate available to any Bondowner who makes telephonic request therefor.

  • All Bonds of a Series whose Flexible Periods commence on a given Flexible Date and which have equal Flexible Periods shall bear interest at the same rate.

Related to Flexible Date

  • Medical flexible spending arrangement or "medical FSA" means a benefit plan whereby eligible state employees may reduce their salary before taxes to pay for medical expenses not reimbursed by insurance as provided in the salary reduction plan established under chapter

  • Service Date or "SD" means the date service is made available to the End User Customer. This also is referred to as the "Due Date."

  • Company 401(k) Plan has the meaning set forth in Section 6.09(a).

  • Premium payment plan means a benefit plan whereby school em- ployees may pay their share of group health plan premiums with pretax dollars as provided in the salary reduction plan under chapter 41.05 RCW pursuant to 26 U.S.C. Sec. 125 or other sections of the Internal Revenue Code.

  • Seller 401(k) Plan has the meaning set forth in Section 6(e) below.