Primary Issue definition

Primary Issue means the United States Treasury Security having an average life equal to the Remaining Average Life and trading in the secondary market at the price closest to par.
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Primary Issue shall have the meaning set forth in Section 3.3(b) hereof.
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Primary Issue has the meaning set forth in Section 203.
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Examples of Primary Issue in a sentence

  • Emelie Rutherford, “Trautman: F-35 Remains Primary Issue For Successor ,” Defense Daily, September 28, 2010.

  • Based on consideration of these three areas, the Water Supplier or Agency must make a conclusion as to the Primary Issue for Assessment (above).

  • Such EFPs registered with the Exchange will require reference to be made in the comments field in the registration system stating the name, amount, maturity date, coupon and the lead managers/facilitators of the associated Primary Issue.

  • In the event that one of the contributions described in subparagraph (i) or (ii) of paragraph (15) is made, such contribution shall be deemed to be an Eligible Tourist Investment only if such investment is made during the Primary Issue of the Stocks or shares.

  • The Primary Issue for the Water Supply Assessment: the WSA must address whether the projected supply for the next 20 years– based on normal, single dry, and multiple dry years – will meet the demand projected for the project + existing and planned future use, including agricultural and manufacturing uses.

  • Figure 3-2: Most Frequently Raised Primary Issue Categories 300 250 Issue Count200 150 100 50 0Primary Issue Category Table 3-3 lists each of the primary issue categories and subcategories for which the most issues were received, with those issues summarized.

  • The Central Depository will arrange for the issue of book-entry securities by crediting to accounts (hereinafter the “ Primary Issue Settlement”) on the basis of an issuer’s order, in accordance with the Issue Register Agreement.

  • Investors that acquire Stock in a corporation or shares in a partnership or limited liability company from an underwriter or a public or public-private corporation of the Government of Puerto Rico, who acquired such Stock or shares at its primary offering to complete the capital investment balance required to close the financing of a Tourism Project, shall be also deemed as if they had acquired the same in their Primary Issue for purposes of the Tax Credits provided in Section 3010.01 of this Code.

  • GeneralIn order to meet the Primary Issue Requests and the Primary Redemption Requests, the Management Company will first try to offset any Drawdowns against the Primary Redemption Requests before acquiring any funds for the relevant Units to be redeemed.

  • Primary Issue or Offering.- Means the first issue of a security, stock, or share for public sale.

Related to Primary Issue

  • Comparable Treasury Issue means the United States Treasury security or securities selected by an Independent Investment Banker as having an actual or interpolated maturity comparable to the remaining term of the Notes to be redeemed that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of a comparable maturity to the remaining term of such Notes.

  • Comparable Treasury Price means, with respect to any redemption date, (1) the average of the Reference Treasury Dealer Quotations for such redemption date, after excluding the highest and lowest Reference Treasury Dealer Quotations, or (2) if the Independent Investment Banker obtains fewer than four such Reference Treasury Dealer Quotations, the average of all such quotations.

  • Benchmarked Price means the higher of:

  • Reference Bond Price means, with respect to any date of redemption, (a) the arithmetic average of the Reference Government Bond Dealer Quotations for such date of redemption, after excluding the highest and lowest such Reference Government Bond Dealer Quotations, or (b) if the Determination Agent obtains fewer than four such Reference Government Bond Dealer Quotations, the arithmetic average of all such quotations;

  • Comparable German Bund Issue means the German Bundesanleihe security selected by any Reference German Bund Dealer as having a fixed maturity most nearly equal to the period from the date of such redemption notice to August 15, 2019, and that would be used, at the time of selection and in accordance with customary financial practice, in pricing new issues of Euro-denominated corporate debt securities in a principal amount approximately equal to the then outstanding principal amount of the Euro Notes and of a maturity most nearly equal to August 15, 2019; provided, however, that, if the period from such date to August 15, 2019 is less than one year, a fixed maturity of one year shall be used;

  • Comparable German Bund Price means, with respect to any relevant date, the average of all Reference German Bund Dealer Quotations for such date (which, in any event, must include at least two such quotations), after excluding the highest and lowest such Reference German Bund Dealer Quotations, or if the Issuer obtains fewer than four such Reference German Bund Dealer Quotations, the average of all such quotations;

  • Yield means yield as defined in Section 148(h) of the Code and any regulations promulgated thereunder.

  • Index Provider means, in respect of a Sub-Fund, the person responsible for compiling the Index against which the relevant Sub-Fund benchmarks its investments and who holds the right to licence the use of such Index to the relevant Sub-Fund as set out in the relevant Appendix.

  • Weighted Average Life means, as of any date, with respect to any debt security, the quotient obtained by dividing (i) the sum of the products of the number of years from such date to the dates of each successive scheduled principal payment (including any sinking fund payment requirements) of such debt security multiplied by the amount of such principal payment, by (ii) the sum of all such principal payments.

  • U.S. Treasury Rate means, with respect to the Reset Date, the rate per annum equal to: (1) the yield on actively traded U.S. Treasury securities adjusted to constant maturity for one-year maturities on the Reset Determination Date and appearing under the caption “Treasury constant maturities” on the Reset Determination Date in the applicable most recently published statistical release designated “H.15 Daily Update”, or any successor publication that is published by the Board of Governors of the Federal Reserve System that establishes yields on actively traded U.S. Treasury securities adjusted to constant maturity, under the caption “Treasury Constant Maturities”, for the maturity of one year; or (2) if such release (or any successor release) is not published on the Reset Determination Date or does not contain such yields, the rate per annum equal to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue, calculated using a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for the Reset Date.

  • Remaining Weighted Average Life of an Equipment Note, at the redemption date of such Equipment Note, means the number of days equal to the quotient obtained by dividing: (i) the sum of the products obtained by multiplying (A) the amount of each then remaining installment of principal, including the payment due on the maturity date of such Equipment Note, by (B) the number of days from and including the redemption date to but excluding the scheduled Payment Date of such principal installment by (ii) the then unpaid principal amount of such Equipment Note.

  • Volatility Buffer means, with respect to a Transaction, an amount equal to the product of (a) the Factor applicable to the Transaction and (b) the Notional Amount of the Transaction.

  • Reference Bond Dealer means each of five banks which are primary government securities dealers or market makers in pricing corporate bond issuances, as selected by the Calculation Agent in its discretion after consultation with the Issuer;

  • Treasury Bonds means United States Treasury Bonds or Notes.

  • Reinvestment Yield means, with respect to the Called Principal of any Note, 0.50% over the yield to maturity implied by the yield(s) reported as of 10:00 a.m. (New York City time) on the second Business Day preceding the Settlement Date with respect to such Called Principal, on the display designated as “Page PX1” (or such other display as may replace Page PX1) on Bloomberg Financial Markets for the most recently issued actively traded on-the-run U.S. Treasury securities (“Reported”) having a maturity equal to the Remaining Average Life of such Called Principal as of such Settlement Date. If there are no such U.S. Treasury securities Reported having a maturity equal to such Remaining Average Life, then such implied yield to maturity will be determined by (a) converting U.S. Treasury xxxx quotations to bond equivalent yields in accordance with accepted financial practice and (b) interpolating linearly between the yields Reported for the applicable most recently issued actively traded on-the-run U.S. Treasury securities with the maturities (1) closest to and greater than such Remaining Average Life and (2) closest to and less than such Remaining Average Life. The Reinvestment Yield shall be rounded to the number of decimal places as appears in the interest rate of the applicable Note. If such yields are not Reported or the yields Reported as of such time are not ascertainable (including by way of interpolation), then “Reinvestment Yield” means, with respect to the Called Principal of any Note, 0.50% over the yield to maturity implied by the U.S. Treasury constant maturity yields reported, for the latest day for which such yields have been so reported as of the second Business Day preceding the Settlement Date with respect to such Called Principal, in Federal Reserve Statistical Release H.15 (or any comparable successor publication) for the U.S. Treasury constant maturity having a term equal to the Remaining Average Life of such Called Principal as of such Settlement Date. If there is no such U.S. Treasury constant maturity having a term equal to such Remaining Average Life, such implied yield to maturity will be determined by interpolating linearly between (1) the U.S. Treasury constant maturity so reported with the term closest to and greater than such Remaining Average Life and (2) the U.S. Treasury constant maturity so reported with the term closest to and less than such Remaining Average Life. The Reinvestment Yield shall be rounded to the number of decimal places as appears in the interest rate of the applicable Note.