Examples of Reference Dealer Rate in a sentence
The following example was taken from The Jakarta Post newspaper, edition February 27, 2009: The example shows the conversation between Brutus Thornapple (B) and his boss at office, Rancid Veeblefester (A).
On the Determination Date (as defined below), the Calculation Agent will determine the Reference Dealer Rate (as defined below) applicable on the Make-Whole Redemption Date, calculate the Make-Whole Amount and, as soon as possible and no later than the Business Day immediately following the Determination Date, deliver a notice to that effect to the Issuer, the Fiscal Agent and the Bondholders in accordance with Condition 10.
In the simplest case, one such difference frequency opens and closes the mass- loss valve of a Be star and another, lower difference frequency triggers these events on timescales that can be arbitrarily long.
Reference Dealer Rate means, with respect to any Redemption Date, the average of the three quotations of the average midmarket annual yield to maturity of the 4% Deutsche Bundesrepublik due July 2015, or, if that security is no longer outstanding, a similar security in the reasonable judgment of the Reference Dealer, at 11.00 a.m. (London time) on the third business day in London preceding such Redemption Date quoted in writing to the Fiscal Agent by the Reference Dealer.
Reset Reference Dealer Rate means, on any Reset Rate Determination Date, the rate calculated by the Calculation Agent as being a yield-to-maturity based on the arithmetic mean of the secondary market bid prices for Reset U.S. Treasury Securities at approximately 4:30 p.m. (New York City time) on such Reset Rate Determination Date, of leading primary U.S. government securities dealers in New York City (each, a Reference Dealer ).