Bloomberg Rate -- definition
Bloomberg Rate -- means, on any date, with respect to any Prepaid Principal, the yields reported, as of 10:00 A.M. (New York City time) on such date with respect to such Prepaid Principal, on the display designated as "USD" on the Bloomberg Financial Market Service (or such other display as may replace Page USD on the Bloomberg Financial Market Service) for actively traded U.S. Treasury securities having a maturity equal to the Weighted Average Life to Maturity of such Prepaid Principal as of such date. If no such U.S. Treasury security with a maturity corresponding exactly to the Weighted Average Life to Maturity of such Prepaid Principal is reported, then the yields for the two (2) U.S. Treasury securities with maturities most closely corresponding to the Weighted Average Life to Maturity of such Prepaid Principal (one (1) with a longer maturity and one (1) with a shorter maturity, if available) shall be calculated pursuant to the immediately preceding sentence and the Make-Whole Discount Rate shall be interpolated or extrapolated from such yields on a straight-line basis.
Bloomberg Rate -- means the exchange rate of USD to HKD posted on a Bloomberg terminal (ticker USD to HKD) at 17:00 (Beijing Time) on the relevant date.
Bloomberg Rate -- means, with respect to any Prepaid Principal and any Prepayment Date in respect thereof, the per annum yield reported on the Bloomberg Financial Markets System at 10:00 a.m. (New York time) on the second (2nd) Business Day preceding such Prepayment Date for United States government Securities having a maturity (rounded to the nearest month) corresponding to the Weighted Average Life to Maturity of such Prepaid Principal. Page USD shall be used as the source of such yields, or if not then available, such other screen available on the Bloomberg Financial Markets System as shall, in the opinion of the Required Holders, provide equivalent information.
More Definitions of Bloomberg Rate --
Bloomberg Rate -- means at any time the per annum yield reported on the Bloomberg Financial Markets System at 10:00 a.m. (New York time) on the second Business Day preceding the applicable Payment Date for United States Treasury obligations having a Treasury Constant Maturity corresponding to the then Weighted Average Life to Maturity of such Prepaid Principal. Page USD shall be used as the source of such yields, or if not then available, such other screen available on the Bloomberg Financial Markets System as shall, in the opinion of the holders of a majority of the Prepaid Principal, provide equivalent information. "Dow ▇▇▇▇▇ Markets Service Rate" means at any time the per annum yield reported on the Dow ▇▇▇▇▇ Markets Service at 10:00 a.m. (New York time) on the second Business Day preceding the applicable Payment Date for United States Treasury obligations having a Treasury Constant Maturity (rounded to the nearest month) corresponding to the then Weighted Average Life to Maturity of such Prepaid Principal. Page 678 shall be used as the source of such yields, or if not then available, such other screen available on the Dow ▇▇▇▇▇ Markets Service as shall, in the opinion of the holders of a majority of the applicable Prepaid Principal, provide equivalent information. "Treasury Constant Maturity" has the meaning specified in the Applicable H.15. "Weighted Average Life to Maturity" means, in respect of any Prepaid Principal, the number of years (calculated to the nearest 1/12th) obtained by dividing the Remaining Dollar-Years of such Prepaid Principal by such Prepaid Principal, determined as of such Payment Date. "Remaining Dollar-Years" means, in respect of any Prepaid Principal, the result obtained by: (a) multiplying, in the case of each then remaining scheduled payment of principal that would have been payable in respect of such Prepaid Principal but is no longer payable as a result of the payment of such Prepaid Principal; (i) an amount equal to such scheduled payment of principal; by (ii) the number of years (calculated to the nearest 1/12th) that will elapse between the applicable Payment Date and the date such scheduled principal payment would be due if such Prepaid Principal had not been so prepaid; and
Bloomberg Rate -- means the PER ANNUM yield reported on the Bloomberg Financial Markets System at 10:00 a.m. (New York time) on the second (2nd) Business Day preceding such Payment Date for United States government securities having a maturity (rounded to the nearest month) corresponding to the Weighted Average Life to Maturity of such Prepaid Principal. Page USD shall be used as the source of such yields, or if not then available, such other screen available on the Bloomberg Financial Markets System as shall, in the opinion of the Required Holders, provide equivalent information. TREASURY CONSTANT MATURITY -- has the meaning specified in the Applicable H.15. WEIGHTED AVERAGE LIFE TO MATURITY -- means the number of years (calculated to the nearest one-twelfth (1/12th)) obtained by DIVIDING the Remaining Dollar-Years of such Prepaid Principal by such Prepaid Principal, determined as of such Payment Date.