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

  • In the event there is no market activity involving the Primary Issue at the time of prepayment, the Lender shall choose a comparable Treasury Bond, Note or ▇▇▇▇ ("Secondary Issue") which the Lender reasonably deems to be similar to the Primary Issue's characteristics (i.e., rate, remaining time to maturity, yield).

  • The Company further agrees to issue and deliver the Shares in physical certificated form in respect of the Scripless Shares represented by the Master Certificate and list such Shares on the TSE on or about 60 to 80 calendar days after the Primary Issue Deposit, subject to obtaining approvals from relevant government authorities and the TSE.

  • Notwithstanding anything to the contrary herein, no Deposited Securities deposited in connection with a Primary Issue Deposit may be withdrawn or sold upon surrender of ADSs until the Certificate of Payment has been replaced by Shares in physical certificated form or represented by the Master Certificate.

  • Reinvestment Yield." The Reinvestment Yield will be equal to the yield on the U.S. Treasury Issue* ("Primary Issue") published one week prior to the date of prepayment and converted to an equivalent monthly compounded nominal yield.

  • Each Investor disposes of 10 Days, following the Notification of the Primary Issue, to make known its notice, this notice being without prejudice to the Investor’s vote at the General Meeting or to the Investor’s right to exercise all or part of its Ratchet equity warrants.

  • In any event, no Primary Issue may be reserved for a Third Party without the express prior commitment to adhere to the Shareholder Agreement as a Founder, excepting express prior consent by the Investors for an adhesion to the Shareholder Agreement on behalf of the Third Party.

  • The Primary Issue shall consequently be reserved for Investors having made the request and at the amount of that request; the balance of this primary issue may be reserved for any Third Party.

  • Reinvestment Yield." The Reinvestment Yield will be equal to the yield on the (4) applicable * U.S. Treasury Issue ("Primary Issue") published one week prior to the date of prepayment and converted to an equivalent monthly compounded nominal yield.

  • In the event there is no market activity involving the Primary Issue at the time of prepayment, the Lender shall choose a comparable Treasury Bond, Note or Bill ("Secondary Issue") which the Lender reasonably deems to be similar to the Primary Issue's characteristics (i.e., rate, remaining time to maturity, yield).

  • Reinvestment Yield." The Reinvestment Yield will be equal to the yield on the applicable* U.S. Treasury Issue ("Primary Issue")** published one week prior to the date of prepayment and converted to an equivalent monthly compounded nominal yield.

Related to Primary Issue

  • Comparable Treasury Issue means the United States Treasury security selected by an Independent Investment Banker as having a 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 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:

  • Primary beam means radiation which passes through an aperture of the source housing by a direct path from the x-ray tube or a radioactive source located in the radiation source housing.

  • primary school means a school classified as a primary school or an intermediate school under the Education and Training Act 2020.