Variable Rate Demand Notes definition

Variable Rate Demand Notes of issuers whose commercial paper, at the time of acquisition, is accorded one of the two highest ratings by S&P or Moody's; or (iii) direct obligations of any State of the United States of America or of any political subdivision thereof located in the United States of America and which, at the time of acquisition, is accorded one of the two highest ratings by S&P or Mood▇'▇, ▇▇turing in twelve months or less from the date of acquisition;
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Examples of Variable Rate Demand Notes in a sentence

  • Special Subcustodian SUBCUSTODIAN PURPOSE Morg▇▇ ▇▇▇ranty Trust Co. of New York FICASH Bank of New York Variable Rate Demand Notes Chemical Bank, N.

  • The Notes shall be designated "Variable Rate Demand Notes (Plainwell Paper Co., Inc.

  • Taxable Variable Rate Demand Notes, Series 1999." The total principal amount of Notes that may be issued and outstanding hereunder shall be $6,670,000, except as provided in Section 2.06 with respect to replacement of mutilated, lost, stolen, destroyed or undelivered Notes.

  • There shall be issued under and secured by this Indenture a single series of Notes to be designated as “LTF Real Estate VRDN I, LLC Variable Rate Demand Notes, Series 2008” in the original principal amount of $34,235,000, to be dated as of the Date of Delivery and to mature fully (subject to prior redemption at the prices and dates and upon the terms and conditions hereinafter set forth) on June 1, 2033.