Comparable Treasury Issue Sample Clauses

The Comparable Treasury Issue clause defines the specific U.S. Treasury security that will be used as a benchmark for determining the yield or rate applicable to a financial transaction, such as the early redemption of bonds. In practice, this clause identifies a Treasury security with a maturity date closest to the remaining term of the bond being referenced, ensuring a fair and objective comparison for calculating any make-whole premium or similar adjustment. Its core function is to provide a transparent and standardized method for determining reference rates, thereby reducing disputes and ensuring fairness in financial calculations tied to market benchmarks.
Comparable Treasury Issue calculated using a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption Date. The Adjusted Treasury Rate shall be calculated on the third Business Day preceding the Redemption Date.
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Comparable Treasury Issue. 4 "Comparable Treasury Price"........................................................ 4 "Consolidated Net Tangible Assets"................................................. 4 "Consolidated Tangible Assets"..................................................... 4 "Consolidation".................................................................... 4 "Corporate Trust Office"........................................................... 5 "Debt"............................................................................. 5 "Deed of Trust".................................................................... 6 "Deed of Trust Bondholders"........................................................ 6 "Deed of Trust Bonds".............................................................. 6 "Deed of Trust Collateral"......................................................... 6 "Deed Trustee"..................................................................... 6 "Default".......................................................................... 6 "Depositary"....................................................................... 6 "
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Comparable Treasury Issue. The term “
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Comparable Treasury Issue. The term "
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Comparable Treasury Issue. 4 "Comparable Treasury Price"................................5 "Consolidated Net Income"..................................5 "Consolidated Net Tangible Assets".........................5 "Consolidation"............................................6 "Corporate Trust Office"...................................6 "Credit Agreement".........................................6 "Debt".....................................................6 "Default"..................................................6 "Depositary"...............................................7 "DTC"......................................................7 "Equity Interest"..........................................7 "Existing Funded Debt".....................................7 "Euroclear"................................................7 "Exchange Act".............................................7
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Related to Comparable Treasury Issue

  • Yield If the initial Yield (as defined below) on any Incremental Term Loans that are secured on a pari passu basis with the Secured Obligations exceeds the then applicable Yield on the Term Loans existing on the Increase Effective Date (including any prior Incremental Term Loans that are secured on a pari passu basis with the Secured Obligations) by more than 50 basis points (the amount of such excess above 50 basis points being referred to herein as the “Yield Differential”), then the Applicable Margin then in effect for each applicable existing tranche of Term Loans shall automatically be increased by the Yield Differential. “Yield” shall mean, with respect to any credit facility, the then “effective yield” on such Term Loans consistent with generally accepted financial practice, it being understood that (x) customary arrangement, commitment, structuring, underwriting and amendment fees paid or payable to one or more arrangers (or their Affiliates) (regardless of whether such fees are paid to or shared in whole or in part with any lender) in their respective capacities in connection with the applicable facility and any other fees that are not generally payable to all lenders (or their Affiliates) ratably with respect to such facility shall be excluded, (y) original issue discount and upfront fees paid or payable to the lenders thereunder shall be included (with original issue discount and upfront fees being equated to interest based on assumed four-year life to maturity (or, if less, the remaining life to maturity) without any present value discount) and (z) to the extent that the Adjusted LIBO Rate for a three month interest period on the closing date of any such Incremental Term Loan Commitment (A) is less than 1.0%, the amount of such difference shall be deemed added to the interest margin for the applicable existing Term Loans, solely for the purpose of determining whether an increase in the interest rate margins for the applicable existing Term Loans shall be required and (B) is less than the interest rate floor, if any, applicable to any such Incremental Term Loan Commitments, the amount of such difference shall be deemed added to the interest rate margins for the Loans under such Incremental Term Loan Commitment.

  • Equivalence The importing Party shall accept the sanitary and phytosanitary measures of the exporting Party as equivalent, even if these measures differ from its own measures, if the exporting Party objectively demonstrates to the importing Party that its measures achieve the importing Party's appropriate level of sanitary and phytosanitary protection. For this purpose, reasonable access shall be given, upon request, to the importing Party for inspection, testing, and other relevant procedures.

  • Spread; Spread Multiplier; Index Maturity The “Spread” is the number of basis points (one one-hundredth of a percentage point) specified on the face hereof to be added to or subtracted from the related Interest Rate Basis or Interest Rate Bases applicable to this Note. The “Spread Multiplier” is the percentage specified on the face hereof of the related Interest Rate Basis or Interest Rate Bases applicable to this Note by which the Interest Rate Basis or Interest Rate Bases will be multiplied to determine the applicable interest rate. The “Index Maturity” is the period to maturity of the instrument or obligation with respect to which the related Interest Rate Basis or Interest Rate Bases will be calculated.

  • Quotations Unless otherwise agreed any quotation given will normally remain valid for a period of 30 days from the date it is provided to you. We reserve the right to withdraw a quotation in certain circumstances, for example, where the insurer has altered their premium or terms for the insurance since the quotation was given or if a claim / incident has occurred since the terms were offered.

  • Index The index specified in the related Mortgage Note for calculation of the Mortgage Rate thereof. Initial LIBOR Rate: 1.10%.