Term Rate Mode definition

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

Term Rate Mode means the Mode during which Bonds bear interest at the Term Rate.

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

Examples of Term Rate Mode in a sentence

• The original Term Rate Mode was changed to Commercial Paper Mode, with a fixed interest rate of .50% until the next mandatory tender on January 2, 2014.

• Staff will continue to report quarterly progress reports to Council.

• The Authority shall appoint and employ the services of a Tender Agent prior to any Purchase Date or Mode Change Date while the Bonds of any Series are in the Daily Rate, Weekly Rate, the Term Rate Mode, the Index Rate Mode or the Commercial Paper Mode.

• No Interest Period in the Term Rate Mode may extend beyond the Maturity Date.

• The Term Rate for each Term Rate Mode subsequent to the initial Term Rate Mode shall be the rate of interest determined by the Remarketing Agent, to be the lowest rate that in its judgment, on the basis of prevailing financial market conditions, would permit the sale of the Bonds in the Term Rate Mode at par plus accrued interest on and as of the Effective Date, but not in excess of the Maximum Rate.

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

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.