Common use of CMT Rate Clause in Contracts

CMT Rate. If an Interest Rate Basis for this Note is specified in the applicable Floating Interest Rate Notice as the CMT Rate, the CMT Rate shall be determined as of the applicable Interest Determination Date (a "CMT Rate Interest Determination Date") as the rate displayed on the Designated CMT Telerate Page (as defined below) under the caption "...

Appears in 1 contract

Sources: Second Supplemental Indenture (Detroit Edison Co)

CMT Rate. If an Interest Rate Basis for this Note is specified in the applicable Floating Interest Rate Notice as the "CMT Rate, ," the CMT Rate shall be determined as of the applicable mean, with respect to any Interest Determination Date relating to this Note for which the interest rate is determined with reference to the CMT Rate (a "CMT Rate Interest Determination Date") as ), the rate displayed on the Designated CMT Telerate Page (as defined below) under the caption "...

Appears in 1 contract

Sources: First Supplemental Indenture (Teco Energy Inc)