Examples of Rate Reset Date in a sentence
The Calculation Agent shall determine the applicable interest rate for the Notes as of each applicable Computation Date, and such rate shall become effective on the Rate Reset Date next succeeding such Computation Date.
If the SIFMA Index Rate is not determined by the Calculation Agent on the Computation Date, the rate of interest born on the Authority Notes shall be the rate in effect for the immediately preceding SIFMA Rate Reset Date until the Calculation Agent next determines the SIFMA Index Rate in accordance with the provisions of the Indenture.
If for any reason the Index Floating Rate shall not be established on an Index Floating Rate Reset Date, the Series 2014A-1 Interest shall be calculated at the Index Floating Rate last in effect until such time as a new Index Floating Rate shall be established pursuant to the terms of the Series 2014A Supplemental Trust Agreement.
The Calculation Agent shall determine the SIFMA Index Rate on each Computation Date during the SIFMA Index Rate Period, and such rate shall become effective on the SIFMA Rate Reset Date next succeeding such Computation Date and interest at such rate shall accrue each day during such SIFMA Index Rate Period, commencing on and including the first day of such period to but excluding the last day of such period.