Interest Rate Mode definition

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.

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

Examples of Interest Rate Mode in a sentence

• 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.

• 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.

• 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.

• 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.

• Upon any Change in the Interest Rate Mode to an Auction Rate, the Authority and the Trustee, shall take all steps necessary to comply with any agreement entered into with a Securities Depository or its nominee pursuant to Section 2.03(5) with respect to such Change in the Interest Rate Mode, including, without limitation, the purchase and designation of sufficient CUSIP numbers to comply with the requirements of such Securities Depository following any such Change in the Interest Rate Mode.

More Definitions of Interest Rate Mode

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

Interest Rate Mode means the Commercial Paper Rate, the Daily Rate, the Dutch Auction Rate, the Weekly Rate, the Semi-Annual Rate, the Annual Rate, the Two-Year Rate, the Three-Year Rate, the Five-Year Rate and the Long-Term Rate.

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

Interest Rate Mode means the Weekly Rate, the Semi-Annual Rate or the Long-Term Rate.

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

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.