Comparable Maturity definition
Comparable Maturity means, with respect to an Interest Rate Period of one (1), two (2), three (3) or five (5) years, one (1), two (2), three (3) or five (5) years, respectively.
Comparable Maturity. The term "
Comparable Maturity means a period of _____ years corresponding to the term of the relevant Interest Period.
Examples of Comparable Maturity in a sentence
In the event that the Company determines on the November 1 preceding such Interest Reset Date that during the ten (10) calendar days preceding such November 1 no Weekly Comparable Maturity Treasury Rate (as defined herein) has been published and the Alternate Comparable Maturity Treasury Rate (as defined herein) could not be determined, the Company shall establish such Subsequent Interest Rate in its discretion without limitation.
Any such Subsequent Interest Rate shall not be less than 105% of the Effective Interest Rate on Comparable Maturity U.S. Treasury Obligations (as defined herein) established prior to the commencement of each such subsequent Interest Rate Period.
More Definitions of Comparable Maturity
Comparable Maturity means, with respect to an Interest Rate Period of one (1), two (2), three (3) or five (5) years, one (1), two (2), three (3) or five (5) years, respectively. "Effective Interest Rate on Comparable Maturity U.S. Treasury Obligations" means as of the November 1 preceding an Interest Reset Date (i) if available, the most recent Weekly Comparable Maturity Treasury Rate published during the twenty-five (25) calendar day period preceding such November 1 or (ii) if such Weekly Comparable Maturity Treasury Rate is not available, the Alternate Comparable Maturity Treasury Rate as of such November 1. "Interest Rate Period" means a period of one (1), two (2), three (3) or five (5) years (but never extending beyond December 1 2006), commencing with an Interest Reset Date and ending on, but not including, the December 1 of such first, second, third or fifth year, as the case may be. "Interest Reset Date" means December 1, 2001 or the expiration date of any subsequent Interest Rate Period.