Examples of Index Rate Mode in a sentence
The Authority shall appoint and employ the services of a Tender Agent prior to any Purchase Date or Mode Change Date while the Bonds of any Series are in the Daily Rate, Weekly Rate, the Term Rate Mode, the Index Rate Mode or the Commercial Paper Mode.
That the Series 2003D Bonds shall be tendered for mandatory purchase by Banc of America and that Wells Fargo shall become the direct purchaser of the Series 2003D Bonds pursuant to, and for the term provided in, the Wells Fargo Continuing Covenants Agreement, and such Series 2003D Bonds shall bear interest in the LIBOR Index Rate Mode in the manner provided in the Sixteenth Supplemental as amended by the Amendment to the Sixteenth Supplemental; 3.
That Wells shall remain the direct purchaser of the Series 2010D Bonds pursuant to, and for the term provided in, the Third Amended Wells Continuing Covenants Agreement, and such Series 2010D Bonds shall bear interest in the LIBOR Index Rate Mode in the manner provided in the Thirty-eighth Supplemental as amended by the Second Amended and Restated Amendment to the Thirty-eighth Supplemental; 3.
The Bond Coupon Rate for each Interest Rate Period while the Bonds bear interest in the SIFMA Index Rate Mode or the MMD Index Rate Mode shall be determined by the Indexing Agent on each Interest Rate Determination Date.
That U.S. Bank shall become the direct purchaser of the Series 2011B Bonds pursuant to, and for the term provided in, the U.S. Bank Continuing Covenant Agreement, and such Series 2011B Bonds shall continue to bear interest in the LIBOR Index Rate Mode in the manner provided in the Forty-first Supplemental as amended by the Second Amendment to the Forty-first Supplemental; 4.
The Bonds shall initially bear interest in the SIFMA Index Rate Mode to but not including the Conversion Date, on which date the Bonds shall be converted to bear interest in the Fixed Interest Rate Mode.
While in the Index Rate Mode, the Bonds shall be secured by the Continuing Covenant Agreement.
Mr. Fuentes stated that the revised interest rate calculation on the Bonds during the Index Rate Mode period shall be the sum of the Adjusted LIBOR Rate index plus the amended applicable margin, multiplied by 70%.
That U.S. Bank shall become the direct purchaser of the Series 2011B Bonds pursuant to, and for the term providedin, the U.S. Bank Continuing Covenant Agreement, and such Series 2011B Bonds shall continue to bear interest in the LIBOR Index Rate Mode in the manner provided in the Forty- first Supplemental as amended by the Second Amendment to the Forty-first Supplemental; 4.
Notwithstanding the foregoing, any Bond in the Index Rate Mode shall only be transferred to a Qualified Institutional Buyer that has executed an Investor Letter substantially in the form of Exhibit D and delivered such Investor Letter to the Fiscal Agent, City and Agency.