Common use of Special Rate Determination Dates Clause in Contracts

Special Rate Determination Dates. During each Non-Remarketing Period for the Bonds of a subseries in an R-FLOATs Mode, the Remarketing Agent for such Bonds shall continue to use its best efforts each Business Day to remarket such Bonds in the R-FLOATs Mode at the Purchase Price. In connection therewith, such Remarketing Agent may consider the day on which such Bonds are successfully remarketed at the Purchase Price to be a Rate Determination Date for such Bonds.

Appears in 3 contracts

Sources: Bond Indenture (SemGroup Corp), Bond Indenture (SemGroup Corp), Bond Indenture (SemGroup Corp)