Daily Interest Rate Mode definition

Daily Interest Rate Mode means the interest rate mode during any period when the Bonds bear interest at a Daily Interest Rate.
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Daily Interest Rate Mode means, with respect to any Note, the Interest Rate Mode in which the interest rate on such Note is reset on a daily basis and interest is paid as provided for such Interest Rate Mode in Section 203 hereof.
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Daily Interest Rate Mode means, with respect to any Note, the Interest Rate Mode in which the interest rate on such Note is reset on a daily basis and interest is paid as provided for such Interest Rate Mode in
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Examples of Daily Interest Rate Mode in a sentence

  • The Bonds were originally issued in the Daily Interest Rate Mode and were secured by an irrevocable letter of credit issued by Wachovia Bank, National Association, succeeded by Wells Fargo Bank.

  • Failure to Meet Conditions to Convert to a New Mode for Bonds in the Daily Interest Rate Mode, Weekly Interest Rate Mode and the Short Term Interest Rate Mode.

Related to Daily Interest Rate Mode

  • Interest Rate Period means any Daily Interest Rate Period, Weekly Interest Rate Period, Short-Term Interest Rate Period, Long- Term Interest Rate Period or ARS Interest Rate Period.

  • Interest Rate Adjustment Date With respect to each Adjustable Rate Mortgage Loan, the date, specified in the related Mortgage Note and the related Mortgage Loan Schedule, on which the Mortgage Interest Rate is adjusted.

  • Reference Interest Rate means the interest rate which is used as the basis for calculating any interest to be applied and which comes from a publicly available source which can be verified by both parties to a payment service contract;

  • Class A-4 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Applicable Interest Rate means the rate of interest prescribed under the Act from time to time;

  • Class A-1 Interest Rate means [ ]% per annum (computed on the basis of the actual number of days elapsed during the applicable Interest Period, but assuming a 360-day year).

  • Class A Note Interest Rate means a per annum rate of [ ]% [in excess of LIBOR as determined on the LIBOR Determination Date for the applicable Interest Period].

  • Class A-3 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).