Commercial Paper Mode definition

Commercial Paper Mode means each period of time, comprised of Commercial Paper Periods, during which Commercial Paper Rates are in effect.

Commercial Paper Mode means a Rate Mode in which a Multi-Modal Bond for its Commercial Paper Rate Period bears interest at a Commercial Paper Rate.

Commercial Paper Mode means the mode during which Bonds of a Series bear interest at a Commercial Paper Rate.

Examples of Commercial Paper 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.

• 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.

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

• Mode means the Daily Mode, Weekly Mode, Commercial Paper Mode, Index Floating Mode, Term Mode, or the Fixed Mode, as the context may require.

• Mode means the Daily Mode, Weekly Mode, Commercial Paper Mode, Term Mode, or the Fixed Mode, as the context may require.

More Definitions of Commercial Paper Mode

Commercial Paper Mode means the Mode during which the Bonds or any subseries bear interest at the Commercial Paper Rate.

Commercial Paper Mode means, with respect to a Series of Variable Rate Bonds, the Mode during which the Variable Rate Bonds of such Series bear interest at a Commercial Paper Rate.

Commercial Paper Mode and “Commercial Paper Rate” have the respective meanings stated in Section 1.01 of the Bond Indenture.

Commercial Paper Mode means a Rate Mode in which a 2008 Series Bond for its respective Commercial Paper Rate Period bears interest at a Commercial Paper Rate;

Commercial Paper Mode means the mode during which the duration of the interest periods and the interest rates may vary and are determined in accordance with the Eighteenth Supplemental Resolution.

Commercial Paper Mode means the Mode during which a Series of Bonds bears interest at Commercial Paper Rates.

Commercial Paper Mode shall have the meaning assigned to that term in the Resolution. “Commitment Fee” shall have the meaning assigned to that term in Section 2.05(b) hereof.