Weekly Rate definition
Weekly Rate means an interest rate on the Bonds set under Section 2.02(a)(2).
Weekly Rate means the rate of interest on a Group of 2024 Series A Variable Rate Bonds described in Section 301 of Appendix A hereto.
Weekly Rate means an interest rate that is determined on a weekly basis with respect to Bonds in the Weekly Mode pursuant to Section 2.06.
Examples of Weekly Rate in a sentence
The Owners of Bonds of a subseries in a Weekly Rate Mode that are not Bank Bonds may elect to have such Bonds (or portions thereof in Authorized Denominations) purchased at a price equal to the Purchase Price upon delivery of an irrevocable written notice of tender to the Tender Agent and Remarketing Agent, at their respective Principal Offices, not later than 5:00 p.m., New York City time, on a Business Day not less than seven (7) days before the Purchase Date specified by the Owner.
Minimum Daily Guarantee $ 741 $ 756 $ 775 Minimum Weekly Guarantee (5 days) 3,140 3,203 3,283 Additional Days @ 1/5 of Weekly Rate 628 641 657 1.
More Definitions of Weekly Rate
Weekly Rate means the rate at which Multi-Modal Bonds bear interest during a Weekly Rate Period. “Weekly Rate Mode” means a Rate Mode in which a Multi-Modal Bonds bear interest at a Weekly Rate. “Weekly Rate Period” means a period of 7 days commencing on the Issue Date, on a Conversion Date or on
Weekly Rate means with respect to each Calculation Period during a Weekly Rate Period, a rate of interest equal to the rate of interest per annum established and certified to the Trustee (with a copy to the Authority, the Registrar and Paying Agent and the Company) by the Remarketing Agent no later than 12:00 noon (New York City time) on and as of the Determination Date as the minimum rate of interest per annum which, in the opinion of the Remarketing Agent, would be necessary on and as of such day to remarket Bonds in a secondary market transaction at a price equal to the principal amount thereof plus accrued interest thereon; provided that such rate of interest shall not exceed the lesser of 110% of the Weekly Rate Index on and as of such date and the Maximum Allowed Rate.
Weekly Rate. ’ means the rate at which Multi-Modal Bonds bear interest during a Weekly Rate Period.
Weekly Rate means the rate of interest that is set on the Bonds while they are in the Weekly Rate Mode.
Weekly Rate means the per annum interest rate on any 2017 Series B-1 Bond in the Weekly Mode determined pursuant to Section 2.7(c) of this Series Indenture.
Weekly Rate means the rate of interest to be borne by any of the 202_ Series - Bonds as described in Section C201 hereof.
Weekly Rate means the rate at which Adjustable Rate Bonds bear interest during a Weekly Rate Period.