Mode Change Date definition

Mode Change Date means the date of effectiveness of a Mode Change.

Mode Change Date means, with respect to Bonds of a Series, the date one Mode terminates and another Mode begins.

Mode Change Date means, with respect to any Bonds, the day immediately following the last day of one Mode for such Bonds on which another Mode begins.

Examples of Mode Change Date in a sentence

• On or prior to the date the City provides notice to the Notice Parties, the City must have received a letter from counsel acceptable to the City and addressed to the City and the other Notice Parties to the effect that it expects to be able to deliver a Favorable Opinion of Bond Counsel on the Mode Change Date.

• The Mode Change Date must be a Business Day that is an Interest Payment Date following the last day of an Auction Period.

• No later than 20 days preceding the proposed Mode Change Date, the City (or the Authorized Representative on behalf of the City) shall give written notice to the Notice Parties of its intention to effect a change in the Mode from the Mode then prevailing (for purposes herein, the “Current Mode”) to another Mode (for purposes herein, the “New Mode”) specified in such written notice.

• If the conditions described above are not satisfied by the Mode Change Date, then the New Mode may not take effect and the Bonds shall remain in the Weekly Mode with interest rates established in accordance with the applicable provisions in the Ordinance on and as of the failed Mode Change Date.

• Notice of the proposed change in Mode shall be given by the Paying Agent/Registrar to the applicable Owners of the Bonds and the Notice Parties not less than 15 days before the Mode Change Date.

More Definitions of Mode Change Date

Mode Change Date means with respect to any 2020D-2 Bond in a particular Mode, the day on which another Mode for such Xxxx begins.

Mode Change Date means the date one Mode terminates and another Mode begins.

Mode Change Date means with respect to any Series of Variable Rate Bonds in a particular Mode, the day on which another Mode for such Series of Variable Rate Bonds begins.

Mode Change Date has the meaning specified in Section 1.01 of the Bond Indenture.

Mode Change Date means, with respect to a subseries of Series 2015A Bonds, during the MMD Index Rate Period, the date on which such subseries convert from one Mode to another Mode, such date being the first Business Day occurring on or after the six (6)-month anniversary of the Closing Date, and thereafter on any Business Day occurring on or after the first (1st) anniversary of the Closing Date, excluding an MMD FRN Fixed Rate Conversion Date.

Mode Change Date means, with respect to any Series 2020 D Bonds in a particular Mode, the day on which a New Mode for such Series 2020 D Bonds begins.

Mode Change Date means (i) any Business Day when the change is from the Daily or Weekly Mode to the Daily, Weekly, Monthly or Term Mode; (ii) the first Business Day of a month when the change is from the Monthly Mode to the Daily, Weekly or Term Mode; or (iii) the day next succeeding the last day of a Term Period when the change is from the Term Mode to the Daily, Weekly or Monthly Mode.