Common use of Current Bond Price Clause in Contracts

Current Bond Price. Par Value of that Bond Current Bond Price equals the price of a bond: (a) issued with a maturity of 5 years; (b) bearing interest at the weighted average of the declared interest rates in effect as of the termination date; and (c) calculated to yield the ▇▇▇▇▇▇▇ ▇▇▇▇▇ Baa Intermediate Industrial Average for the week in which the notice of termination or withdrawal is received. If that Average ceases to be published, we will select a comparable survey.

Current Bond Price. Par Value of that Bond Current Bond Price equals the price of a bond: (a) issued with a maturity of 5 years; (b) bearing interest at the weighted average of the declared interest rates in effect as of the termination date; and (c) calculated to yield the ▇▇▇▇▇▇▇ ▇▇▇▇▇ Baa Intermediate U.S. Industrial Average Corporates BBB Rated Index for the week month ending in which the notice of termination or withdrawal is received. If that Average Index ceases to be published, we will select a comparable survey.