Determination Time for Daily Rate. While the Bonds of any subseries are in the Daily Mode, the Remarketing Agent for such Bonds shall establish the Daily Rate therefor by 10:00 a.m. New York City time on each Business Day. The Daily Rate for Bonds for any day during the Daily Mode which is not a Business Day shall be the Daily Rate for such Bonds established on the immediately preceding Business Day.
Appears in 3 contracts
Sources: Bond Indenture (SemGroup Corp), Bond Indenture (SemGroup Corp), Bond Indenture (SemGroup Corp)