Lost Rate definition
Lost Rate means the rate per annum equal to the percentage, if any, by which (i) the yield to maturity of United States Treasury debt obligations having a maturity date nearest to the Borrowing Maturity Date ("Treasury Obligations") determined on the first day of the Interest Period exceeds (ii) the yield to maturity of Treasury Obligations determined on the date of prepayment.
Lost Rate means the rate per annum equal to the percentage, if any, by which (i) the yield to maturity of United States Treasury debt obligations having a maturity date nearest to the Interest Period Termination Date ("Treasury Obligations") determined on the first day of the Interest Period exceeds (ii) the yield to maturity of Treasury Obligations determined on the date of prepayment.
Lost Rate is the rate per annum equal to the percentage, if any, by which (i) the yield to maturity of United States Treasury debt obligations having a maturity date nearest to the Maturity Date ("Treasury Obligations") determined on the date hereof exceeds (ii) the yield to maturity of Treasury Obligations determined on the date of prepayment. "Discount Rate" is the rate per annum equal to the yield to maturity of Treasury Obligations determined on the date of prepayment. The maturity date and yield to maturity of the Treasury Obligations shall be determined by Lessor, in its absolute and sole discretion, on the basis of quotations published in The Wall Street Journal, or other comparable sources. Treasury Obligations shall exclude any stripped U.S. Treasury obligations and any U.S. Treasury obligations which have multiple maturity or call dates, and if more than one issue of U.S. Treasury obligations has the applicable maturity month, then the U.S. Treasury obligation with the highest yield to maturity shall be used.
More Definitions of Lost Rate
Lost Rate means the rate per annum equal to the percentage, if any, by which (i) the yield to maturity of Treasury Obligations having a maturity date nearest to the Maturity Date determined on the date hereof exceeds (ii) the yield to maturity of Treasury Obligations having a maturity date nearest to the Maturity Date determined on the date of prepayment.