Term Interest Rate Period definition

Term Interest Rate Period means each fixed period of time during which a Term Interest Rate is in effect.

Term Interest Rate Period means each period of six months or more during which a Term Interest Rate is in effect.

Term Interest Rate Period means each period during which a Term Interest Rate is in effect.

Examples of Term Interest Rate Period in a sentence

• During the initial Term Interest Rate Period, the Bonds shall not be subject to mandatory sinking fund redemption or optional redemption except as provided in Section 4.01(5) or (6) below.

• If, at least twenty (20) calendar days prior to the last day of any Term Interest Rate Period, the Borrower shall not have elected that the Bonds bear interest at a Variable Interest Rate, an Index Interest Rate, a SIFMA Interest Rate or a Term Interest Rate during the next succeeding Interest Rate Period, the next succeeding Interest Rate Period shall be a Term Interest Rate Period of the same duration as the Term Interest Rate Period currently in effect, or, if less, until the Principal Payment Date.

• Notwithstanding the optional redemption schedule set forth above, on or prior to the effective date of any Term Interest Rate Period, the Borrower can provide an alternate optional redemption schedule if it obtains an Approving Opinion addressed to the Authority and the Trustee.

• During each Term Interest Rate Period, the Bonds shall bear interest at the Term Interest Rate, which shall be determined by the Remarketing Agent not later than 4:00 p.m. (New York City time) on the Business Day preceding the first day of such Term Interest Rate Period.

• The initial Interest Rate Period for the Bonds shall be the Term Interest Rate Period.

More Definitions of Term Interest Rate Period

Term Interest Rate Period means each period of six months or more during which a Term Interest Rate is in effect; provided, however, the last day of such Term Interest Rate Period shall be either the day preceding the date of the final maturity of the Bonds or a day which both immediately precedes a Business Day and is at least 180 days after the effective date of such Term Interest Rate Period.

Term Interest Rate Period means each period of six months or more during which a Term Interest Rate is in effect for a series of bonds; provided, that the last day of a Term Interest Rate Period shall be either the day preceding the date of final maturity of such Bonds or a day which both immediately precedes a Business Day and is at least six months after the effective date of such Term Interest Rate Period.

Term Interest Rate Period means each period of six months or more during which a Term Interest Rate is in effect. Series 1999B Restated Trust Indenture

Term Interest Rate Period means each period during which a Term Interest Rate is in effect. “Trustee” means Wells Fargo Bank, N.A., a national banking association organized and existing

Term Interest Rate Period means each Daily Interest Rate Period, Weekly Interest Rate Period, Short-Term Interest Rate Period or Long-Term Interest Rate Period.

Term Interest Rate Period means each period determined by the Borrower pursuant to the Indenture during which the Bonds of a Series bear interest at a Term Interest Rate; provided that each such period shall be for a term of approximately one month, approximately three months, approximately six months, approximately nine months, approximately one year or any multiple of approximately six months above one year in each case ending on a day preceding a Business Day; provided, however, that notwithstanding the foregoing any Term Interest Rate Period which ends on the day immediately preceding the maturity date of the Bonds may include a period of time from the Interest Payment Date immediately preceding the maturity date of the Bonds to the day immediately preceding the maturity date of the Bonds even if the time remaining to such day is not one of the periods specified above; and provided further that notwithstanding the foregoing any Term Interest Rate Period may end on the day immediately preceding the maturity date of the Bonds whether or not such maturity date is a Business Day.

Term Interest Rate Period means each period of six months or more during