Serial Maturity definition
Examples of Serial Maturity in a sentence
In addition, such notice shall state whether some or all of the Bonds to be converted shall be converted to Serial Bonds and, if so, the applicable Serial Maturity Dates and Serial Payments, all as determined pursuant to subsection (v) of this subsection (b).
The Remarketing Agent shall determine the Fixed Rate for the Bonds being converted to the Fixed Rate Mode in the manner and at the times as follows: not later than 4:00 P.M. on the applicable Rate Determination Date, the Remarketing Agent shall determine the Fixed Rate (or Rates, if the Bonds will have Serial Maturity Dates in accordance with Section 2.9(b)(v) hereof).
After the Conversion Date, Bonds shall not be redeemed pursuant to this subsection (a) in any year which, as a result of the Conversion to the Fixed Rate Mode, contains a Serial Maturity Date.