Accrued OID definition

Accrued OID means, with respect to any Maturity of Bonds, the amount of original issue discount that has accrued on such Maturity since the Deposit Date or the Additional Deposit Date, as the case may be (as reduced by any acquisition premium), as calculated in determining the Base Price for such Maturity as of the date of determination.
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Accrued OID means, as of any date, interest accrued at the Short-Term AFR on the unpaid accreted value of the Modified Debentures.
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Examples of Accrued OID in a sentence

  • Not later than the first Business Day following the day on which the Remarketing Agent receives such direction from the Trustee, the Remarketing Agent shall give notice by Electronic Means to the Trustee of the Quotation of Bond Price so obtained, the Bond Base Price so determined and the Accrued Market Discount, Accrued OID and Unamortized Premium, if any, so calculated with respect to each such Maturity.

  • Upon notice from the Liquidity Bank received on or before 11:00 a.m. on any Business Day and provided that the Election Letter states that the provisions of clause (i) of Section 5.2(h) shall apply, the Trustee shall direct the Remarketing Agent to obtain a Quotation of Bond Price and to determine the Accrued Market Discount, Accrued OID and Unamortized Premium, if any, separately with respect to each Maturity on the second Business Day immediately following the day of notice to the Trustee.