Term Rate Mode definition

Term Rate Mode means the Interest Rate Mode at any time the Bonds bear interest at the Term Rate.

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Term Rate Mode means the Mode during which all or any part of the 2020A-1 Bonds bear interest at the Term Rate.

Term Rate Mode means the mode during which Bonds of a Series (or portion thereof) bear interest at a Term Rate.

Examples of Term Rate Mode in a sentence

While Bonds are in a Term Rate Mode, on each Mandatory Tender Date and on any Business Day on or after the Earliest Optional Mode Change Date, the Borrower may convert all or a portion of such Term Rate Bonds to bear interest at a new Term Rate for a new Term Rate Period selected by the Borrower or convert all or a portion of such Bonds to bear interest at a Fixed Rate.
Bonds in the Term Rate Mode shall be subject to mandatory tender for purchase on each Mandatory Tender Date at the applicable Purchase Price.
While the Series 2026 Bonds are in a Term Rate Mode, on each Mandatory Tender Date, the Borrower may effect a change in the interest rate with respect to all or a portion of the Series 2026 Bonds to a new Term Rate for a new Term Rate Period or convert all or a portion of the Series 2026 Bonds to bear interest at a Fixed Rate.
If the proposed change in Mode was from the Term Rate Mode, then the Bonds shall stay in the Term Rate Mode for a Term Rate Period ending on the following Interest Payment Date for the Bonds in the Term Rate Mode and the interest rate shall be established by the Remarketing Agent in accordance with Section 2.1(f).
The Series 2026 Bonds in the Term Rate Mode shall be subject to mandatory tender for purchase on each Mandatory Tender Date.

More Definitions of Term Rate Mode

Term Rate Mode means the Mode in which the interest rate on the Bonds is set at the Term Rate.

Term Rate Mode means the Mode during which a Series of Variable Rate Bonds bears interest at the Term Rate.

Term Rate Mode has the meaning stated in Section 1.01 of the Bond Indenture.

Term Rate Mode means the mode during which 2005A Bonds bear interest at a Term Rate.

Term Rate Mode means the Adjustable Rate Mode in which the duration of each Adjustment Period is determined in accordance with clause (e) of the definition of Adjustment Period.

Term Rate Mode means the mode during which Bonds of a Series (or portion thereof) bear interest at a Term Rate in accordance with the applicable Certificate of Determination.

Term Rate Mode means the mode during which Bonds bear interest at a Term Rate. "University" means The Rector and Visitors of the University of Virginia, an educational