Spread Quotes Clause Samples
Spread Quotes. Not later than five Business Days after New York Life receives a Request for Purchase pursuant to Section 2.4, New York Life may, but is under no obligation to, provide to the Company by telephone or e-mail, in each case between 9:30 A.M. and 1:30 P.M. (or such later time as New York Life may elect) quotes for interest rate spreads for the several principal amounts, maturities, principal prepayment schedules, and interest payment periods (whether quarterly or semi-annually) of Notes specified in that Request for Purchase. Spreads quoted for Notes shall be spreads over U.S. Treasury securities closest to the maturities specified in the Request for Purchase or an interpolated maturity. Each quote will represent the interest rate spread per annum at which a New York Life Affiliate would be willing to purchase such Notes at 100% of the principal amount thereof.
Spread Quotes. Not later than five Business Days after New York Life receives a Request for Purchase pursuant to Section 2.5, New York Life may, but is under no obligation to, provide to the Company by telephone or e-mail, in each case between 9:30 A.M. and 1:30 P.M. (or such later time as New York Life may elect) quotes for interest rate spreads for the several principal amounts, maturities, principal prepayment schedules, and interest payment periods (whether monthly, quarterly or semi-annually) of Shelf Notes specified in that Request for Purchase. Spreads quoted for Fixed Rate Notes shall be spreads over U.S. Treasury securities closest to the maturities specified in the Request for Purchase or an interpolated maturity. Spreads quoted for Floating Rate Notes shall be spreads over LIBOR. Each quote will represent the interest rate spread per annum at which a New York Life Affiliate would be willing to purchase such Shelf Notes at 100% of the principal amount thereof.
Spread Quotes. Not later than three Business Days after New York Life receives a Request for Purchase pursuant to Section 2.4, New York Life may, but is under no obligation to, provide to the Issuer by telephone or e-mail, in each case between 9:30 A.M. and 1:30 P.M. (or such later time as New York Life may elect) quotes for interest rate spreads for the several principal amounts, maturities, principal prepayment schedules, if any, and interest payment periods (whether quarterly or semi-annually) of Notes specified in that Request for Purchase. Spreads quoted for Notes shall be equal to spreads over U.S. Treasury securities closest to the maturities specified in the Request for Purchase or an interpolated maturity as set forth on the display designated as “Page PX1” (or such other display as may replace Page PX1) on Bloomberg Financial Markets. Each quote will represent the interest rate spread per annum at which a New York Life Affiliate would be willing to purchase such Notes at 100% of the principal amount thereof.
Spread Quotes. Not later than five Business Days after the Company gives New York Life a Request for Purchase pursuant to paragraph 2A(4), New York Life may, but is under no obligation to, provide to the Company by telephone or e-mail, in each case between 9:30 A.M. and 1:30 P.M. New York City local time (or such later time as New York Life may elect) quotes for interest rate spreads for the several principal amounts, maturities, principal prepayment schedules, interest rate options (fixed or floating) and interest payment periods (in the case of Fixed Rate Shelf Notes) of Shelf Notes specified in that Request for Purchase. Spreads quoted for Fixed Rate Shelf Notes shall be spreads over U.S. Treasury securities closest to the maturities specified in the Request for Purchase or, as mutually agreed, an interpolated maturity. Each quote will represent the interest rate spread per annum (or, in the case of Floating Rate Shelf Notes, will represent the applicable LIBOR Rate Margin and Base Rate Margin) payable on the outstanding principal balance of the Shelf Notes as described in the Request for Purchase at which a New York Life Affiliate would be willing to purchase those Shelf Notes at 100% of the principal amount thereof.
Spread Quotes. Not later than five Business Days after New York Life receives a Request for Purchase pursuant to Section 2.5, New York Life may, but is under no obligation to, provide to the Company by telephone or e-mail, in each case between 9:30 A.M. and 1:30 P.M. (or such later time as New York Life may elect) quotes for interest rate spreads for the several principal amounts, maturities, principal prepayment schedules, currencies, and interest payment periods (whether monthly, quarterly or semi-annually) of Shelf Notes specified in that Request for Purchase. Spreads quoted for Fixed Rate Notes shall be (a) in the case of Shelf Notes to be denominated in Dollars, spreads over U.S. Treasury securities closest to the maturities specified in the Request for Purchase or an interpolated maturity, and (b) in the case of Shelf Notes to be denominated in an Available Currency other than Dollars, spreads over the relevant government security with a maturity corresponding to the average life of such Shelf Notes or in the absence of a single such security, over the linearly interpolated yield to maturity on two such securities with maturities on either side of the average life of such Shelf Notes. Spreads quoted for Floating Rate Notes shall be spreads over LIBOR. Each quote will represent the interest rate spread per annum at which a New York Life Affiliate would be willing to purchase such Shelf Notes at 100% of the principal amount thereof.