Monthly Rate Period means any period during which Bonds bear interest at a Monthly Rate which period shall commence with the effective date of the Change in the Interest Rate Mode to a Monthly Rate and shall extend through the day immediately preceding the earlier of (a) the effective date of another Change in the Interest Rate Mode or (b) the Stated Maturity.
Monthly Rate Period means each period during which the Bonds bear interest at a Monthly Rate.
Monthly Rate Period means each Rate Period during which a Bond bears interest at a Monthly Rate.
Examples of Monthly Rate Period in a sentence
The interest rate for each Monthly Rate Period shall be effective from and including the commencement date thereof and shall remain in effect through and including the last day thereof.
More Definitions of Monthly Rate Period
Monthly Rate Period means the period during which Monthly Rates are in effect for the Series A of 2020 Bonds.
Monthly Rate Period means (1) the period beginning on a Conversion Date and ending on the day preceding the first Business Day of the month following such Conversion Date and (2) the period beginning on the first Business Day of a calendar month and ending on the day preceding the first Business Day of the following calendar month.
Monthly Rate Period means, with respect to a Series of Bonds, any period during which such Series bears interest at a Monthly Rate.
Monthly Rate Period means each period during which a Bond bears interest at a Monthly Rate commencing on the first Business Day of each calendar month and ending on the last day prior to the first Business Day of the following month.
Monthly Rate Period means, while the Series 1996 Bonds bear interest at the Monthly Rate, the period commencing on the first Business Day of each month to but excluding the first Business Day of the following month.
Monthly Rate Period means, with respect to any Series of 2010 Bonds, each period during which interest on the 2010 Bonds of a Series is payable or is accrued at a Monthly Rate for such Series.
Monthly Rate Period means the period during which Monthly Rates are in effect for the 2022 Subordinate Bonds.