Variable Rate Purchase Date definition

Variable Rate Purchase Date means while the Bonds bear interest at the Variable Rate, any Business Day (prior to and upon the effective date of the Fixed Interest Rate) on which the Bonds may be tendered for purchase at the option of the owner thereof in accordance with Section 2.3 hereof.
View Source
Variable Rate Purchase Date means while the Bonds bear interest at the Variable Rate, any Business Day (prior to and including the date which is the tenth day preceding the Conversion Date) on which the Bonds may be tendered for purchase at the option of the owner thereof in accordance with Section 203 hereof.
View Source

Examples of Variable Rate Purchase Date in a sentence

  • On each Variable Rate Purchase Date and on the Conversion Date, the Tender Agent shall effect the purchase, but only from the funds listed below, of such Bonds from the owners thereof at a purchase price equal to the principal amount thereof, plus interest accrued, if any, to the date of purchase and such payment shall be made in immediately available funds.

  • The person who is Skateboarding, BMX biking and/or in-line skating at The YMCA of Westfield, NJ shall be referred to hereinafter as "PARTICIPANT".

  • Project), Bond Purchase Fund" (the "BOND PURCHASE FUND") out of which the Purchase Price for Bonds tendered for purchase on a Variable Rate Purchase Date, the Conversion Date or on such other date on which Bonds are remarketed shall be paid.

  • On each Variable Rate Purchase Date and on the Conversion Date, the Tender Agent in coordination with the Trustee shall effect the purchase, but only from the funds listed below, of such Bonds from the owners thereof at a purchase price equal to the principal amount thereof, plus interest accrued, if any, to the date of purchase and such payment shall be made in immediately available funds.

  • On each Variable Rate Purchase Date and on the Conversion Date, the Tender Agent in coordination with the Trustee shall effect the purchase, but only from the funds listed below, of such Bonds from the owners thereof at a Purchase Price equal to the principal amount thereof, plus interest accrued, if any, to the date of purchase and such payment shall be made in immediately available funds.

Related to Variable Rate Purchase Date

  • Variable Rate means a per annum rate of interest, equal to LIBOR plus 1.68%, as determined on the LIBOR Determination Date preceding each Interest Payment Date, reset quarterly, commencing upon expiration of the Fixed Rate Period.

  • Variable Rate Bonds means Current Interest Bonds, which may be either Serial Bonds or Term Bonds, issued with a variable, adjustable, convertible or other similar interest rate which is not fixed in percentage for the entire term thereof at the date of issue, which Bonds may also be Option Bonds.

  • Variable Rate Transaction shall have the meaning ascribed to such term in Section 4.12(b).

  • Subsequent Fixed Rate Period means for the initial Subsequent Fixed Rate Period, the period commencing on April 1, 2022 and ending on and including March 31, 2027 and for each succeeding Subsequent Fixed Rate Period, the period commencing on the day immediately following the end of the immediately preceding Subsequent Fixed Rate Period and ending on and including March 31 in the fifth year thereafter.

  • Interest Rate Period means that period of time for which the interest rate with respect to the Bonds has been determined by the Remarketing Agent or otherwise as provided in the definition of the applicable Interest Rate Mode, commencing on the applicable Interest Rate Adjustment Date, and terminating on the day immediately preceding the following Interest Rate Adjustment Date, if any.