Interest Rate Mode definition

Interest Rate Mode means the mode in which the Interest Rate on a Note is being determined, i.e., the Commercial Paper Term Mode, the Long Term Rate Mode or the SPURS Mode.

Interest Rate Mode means any of those modes of interest with respect to the Series 1999 Bonds permitted by the Indenture, specifically, the Weekly Interest Rate, the Three Month Interest Rate, the Six Month Interest Rate, the One Year Interest Rate, the Five Year Interest Rate, the Seven Year Interest Rate and the Fixed Interest Rate.

Interest Rate Mode means any Daily Rate Mode, Weekly Rate Mode, Quarterly Rate Mode, Flexible Rate Mode, Semiannual Rate Mode or Term Rate Period.

Examples of Interest Rate Mode in a sentence

• Determination of an Auction Rate pursuant to the Auction Procedures shall be suspended upon a Change in the Interest Rate Mode or the occurrence of a Payment Default.

• The initial Auction Period for each subseries of the Bonds immediately after any Change in the Interest Rate Mode to an Auction Rate, shall be a period from and including the effective date of such Change in the Interest Rate Mode to and including the initial Auction Date which shall be determined by the Authority, with notice to the Trustee, on or prior to the effective date of the Change in the Interest Rate Mode.

• The Authority reserves the right, at the request of the Company, to fix the rate of interest per annum which Bonds will bear, in whole or in part, for the balance of the term thereof or until the effective date of a Change in the Interest Rate Mode; provided however, that the Authority shall not exercise such right and the Company shall not request the Authority to exercise such right except on a day on which the affected Bonds may be redeemed at the option of the Authority.

• Whenever the Interest Rate Mode for the Bonds is the Annual Rate, the Bonds will be subject to redemption at the option of the Issuer, upon the written direction of the Company, in whole or in part, at a redemption price of 100% of the principal amount thereof on the final Interest Payment Date for each Annual Rate Period.

• A Change in the Interest Rate Mode may only be effected on a day on which the affected Bonds may be redeemed at the option of the Authority.

More Definitions of Interest Rate Mode

Interest Rate Mode means the Flexible Rate, the Daily Rate, the Weekly Rate, the Semi-Annual Rate, the Annual Rate and the Long Term Rate, as applicable.

Interest Rate Mode means the Short Term Rate Mode or the Long Term Rate Mode.

Interest Rate Mode means any of those modes of interest with respect to the Bonds permitted by this Indenture, specifically, the Daily Interest Rate Mode, the Weekly Interest Rate Mode, the MMD Index Rate Mode, the SIFMA Index Rate Mode, the Term Rate Mode and the Fixed Interest Rate Mode.

Interest Rate Mode means the mode in which the interest rate on a Note is being determined, I.E., the Commercial Paper Term Mode, the Long Term Rate Mode or the REPS Mode.

Interest Rate Mode means any of those modes of interest with respect to the Series 2001 Bonds permitted by this Indenture, specifically, the Weekly Interest Rate, the Three Month Interest Rate, the Six Month Interest Rate, the One Year Interest Rate, the Five Year Interest Rate, the Seven Year Interest Rate and the Fixed Interest Rate.

Interest Rate Mode means the Direct Purchase Mode, the Weekly Rate Mode or the Term Rate Mode.

Interest Rate Mode means an Index Rate Period, Daily Rate Period, Weekly Rate Period, Short-Term Rate Period, FRN Rate Period, or Long-Term Rate Period.