Monthly Rate Period means any period during which Bonds bear interest at a Monthly Rate which period shall commence with the effective date of the Change in the Interest Rate Mode to a Monthly Rate and shall extend through the day immediately preceding the earlier of (a) the effective date of another Change in the Interest Rate Mode or (b) the Stated Maturity.
Monthly Rate Period means each period during which the Bonds bear interest at a Monthly Rate.
Monthly Rate Period means, with respect to a Series of Bonds, any period during which such Series bears interest at a Monthly Rate.
Examples of Monthly Rate Period in a sentence
For Monthly Rate Bonds, the interest rate will be that interest rate borne by such Bonds during the preceding Monthly Rate Period.
The interest rate for each Monthly Rate Period shall be effective from and including the commencement date thereof and shall remain in effect through and including the last day thereof.
The Monthly Rate for each Monthly Rate Period shall be effective from and including the commencement date of such period and shall remain in effect through and including the last day thereof.
During any Monthly Rate Period the Bonds will bear interest at the Monthly Rate.
During any Monthly Rate Period, the Bonds shall be subject to redemption on each Interest Payment Date, as a whole or in part, at the principal amount thereof.
More Definitions of Monthly Rate Period
Monthly Rate Period means the period during which Monthly Rates are in effect for the Series A of 2020 Bonds.
Monthly Rate Period means (1) the period beginning on a Conversion Date and ending on the day preceding the first Business Day of the month following such Conversion Date and (2) the period beginning on the first Business Day of a calendar month and ending on the day preceding the first Business Day of the following calendar month.
Monthly Rate Period means each Rate Period during which a Bond bears interest at a Monthly Rate.
Monthly Rate Period means, while the Series 1996 Bonds bear interest at the Monthly Rate, the period commencing on the first Business Day of each month to but excluding the first Business Day of the following month.
Monthly Rate Period means (a) the period from and including the effective date of any change to the Monthly Rate Mode with respect to the Bonds to and including the last day of the calendar month beginning on such effective date, and (b) each calendar month thereafter, so long as the Bonds continues to bear interest at a Monthly Rate.
Monthly Rate Period means the period during which Monthly Rates are in effect for the 2022 Subordinate Bonds.