Fixed Income Weighted Average Duration Sample Clauses

Fixed Income Weighted Average Duration. The Fixed Income Weighted Average Duration at any time shall not be less than 30 days prior to the Guarantee Maturity Date and shall not be greater than 30 days following the Guarantee Maturity Date; provided, however, that (i) at no time shall the Fixed Income Portfolio include any instrument that matures later than the Guarantee Maturity Date plus two years, and (ii) within the twelve months prior to the Guarantee Maturity Date (x) the Fixed Income Weighted Average Duration shall not exceed the period remaining until the Guarantee Maturity Date and (y) the Fixed Income Portfolio shall not include any instrument that matures after the Guarantee Maturity Date.
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Fixed Income Weighted Average Duration. The Fixed Income Weighted Average Duration at any time shall not be less than 30 days prior to the Guarantee Maturity Date and shall not be greater than 30 days following the Guarantee Maturity Date; provided, however, that (i) at no time shall the Fixed Income Portfolio include any instrument that matures later than the Guarantee Maturity Date plus two years, and (ii) within the twelve months prior to the Guarantee Maturity Date (x) the Fixed Income Weighted Average Duration shall not exceed the period remaining until the Guarantee Maturity Date and (y) the Fixed Income Portfolio shall not include any instrument that matures after the Guarantee Maturity Date. The Trust's US Government Money Market Fund shall be disregarded for purposes of the tests required by this Section 3.04(f).
Sample 1
Fixed Income Weighted Average Duration. The Fixed Income Weighted Average Duration at any time shall not be less than 90 calendar days prior to the Maturity Date and shall not be greater than 90 calendar days following the Maturity Date; PROVIDED, HOWEVER, that (i) at no time shall the Fixed Income Portfolio include any instrument that matures later than the Maturity Date plus two years, and (ii) within the twelve months prior to the Maturity Date (x) the Fixed Income Weighted Average Duration shall not exceed the period remaining until the Maturity Date and shall not be less than 30 calendar days prior to the Maturity Date and (y) the Fixed Income Portfolio shall not include any instrument that matures after the Maturity Date. Fixed Income Weighted Average Duration shall be calculated in accordance with the methodology set forth in SCHEDULE 4.
Sample 1

Related to Fixed Income Weighted Average Duration

  • Maximum or Minimum Interest Rate If specified on the face hereof, this Note may have either or both of a Maximum Interest Rate or a Minimum Interest Rate. If a Maximum Interest Rate is so designated, the interest rate for a Floating Rate Note cannot ever exceed such Maximum Interest Rate and in the event that the interest rate on any Interest Reset Date would exceed such Maximum Interest Rate (as if no Maximum Interest Rate were in effect) then the interest rate on such Interest Reset Date shall be the Maximum Interest Rate. If a Minimum Interest Rate is so designated, the interest rate for a Floating Rate Note cannot ever be less than such Minimum Interest Rate and in the event that the interest rate on any Interest Reset Date would be less than such Minimum Interest Rate (as if no Minimum Interest Rate were in effect) then the interest rate on such Interest Reset Date shall be the Minimum Interest Rate. Notwithstanding anything to the contrary contained herein, the interest rate on a Floating Rate Note shall not exceed the maximum interest rate permitted by applicable law.

  • 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.

  • Maximum Total Leverage Ratio Permit the Total Leverage Ratio as of the end of any fiscal quarter ending on or after September 30, 2006, to be greater than the ratio set forth below opposite the fiscal quarter end: Fiscal Quarter Ending Ratio on or prior to December 31, 2008 6.50 to 1.0 thereafter but on or prior to December 31, 2010 6.00 to 1.0 after December 31, 2010 5.50 to 1.0

  • Maximum Leverage Permit, as of any fiscal quarter end, the ratio of (a) Adjusted Portfolio Equity as of such fiscal quarter end to (b) Funded Debt as of such fiscal quarter end, to be less than 5.00 to 1.00.

  • Reserve Percentage For any Interest Period, that percentage which is specified three (3) Business Days before the first day of such Interest Period by the Board of Governors of the Federal Reserve System (or any successor) or any other governmental or quasi-governmental authority with jurisdiction over Agent or any Lender for determining the maximum reserve requirement (including, but not limited to, any marginal reserve requirement) for Agent or any Lender with respect to liabilities constituting of or including (among other liabilities) Eurocurrency liabilities in an amount equal to that portion of the Loan affected by such Interest Period and with a maturity equal to such Interest Period.

  • Adjustment Date 6 Advance.......................................................................6 Affiliate.....................................................................6 Agreement.....................................................................6

  • Calculation Dates The interest rate applicable to each Interest Reset Period will be determined by the Calculation Agent on or prior to the Calculation Date (as defined below), except with respect to LIBOR, which will be determined on the particular Interest Determination Date. Upon request of the Holder of a Floating Rate Note, the Calculation Agent will disclose the interest rate then in effect and, if determined, the interest rate that will become effective as a result of a determination made for the next succeeding Interest Reset Date with respect to such Floating Rate Note. The “Calculation Date”, if applicable, pertaining to any Interest Determination Date will be the earlier of: (1) the tenth calendar day after the particular Interest Determination Date or, if such day is not a Business Day, the next succeeding Business Day; or (2) the Business Day immediately preceding the applicable Interest Payment Date or the Maturity Date, as the case may be.

  • Adjusted Leverage Ratio The Borrower shall not permit the Adjusted Leverage Ratio as at the end of any Fiscal Quarter to be greater than the following for the respective periods set forth below: Period Adjusted Leverage Ratio Closing Date to and including March 27, 2004 3.75:1.00 March 28, 2004 to and including June 26, 2004 4.75:1.00 June 27, 2004 to and including July 2, 2005 5.60:1:00 July 3, 2005 and any time thereafter 5.25:1.00

  • Measurement Period (b) In this Agreement, unless the contrary intention appears, a reference to:

  • Determination Date The Business Day immediately preceding the related Remittance Date.

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