Series 2012-B Notes definition
Series 2012-B Notes shall have the meaning given in paragraph 1A.
Series 2012-B Notes means Surplus Notes of the Issuer denominated as Series 2012-B Notes in an aggregate principal amount of U.S.$300,000,000 and issued in denominations of U.S.$1,000,000.
Series 2012-B Notes means any one of the Notes executed by the Issuer and authenticated by or on behalf of the Indenture Trustee, substantially in the form of Exhibit A.
More Definitions of Series 2012-B Notes
Series 2012-B Notes means surplus notes of the Issuer denominated as Series 2012-B Notes in an aggregate principal amount of U.S.$300,000,000. "Series 2012-A Purchaser" has the meaning specified in the introduction to this Agreement. "Series 2012-B Purchaser" has the meaning specified in the introduction to this Agreement. "Stated Maturity Date" means April 1, 2042. "Superintendent" means the Superintendent of the New York State Department of Financial Services. “Supplemental Trust Agreement” means that certain Amended and Restated Supplemental Trust Agreement of even date herewith between the Company as beneficiary, HG Re Ltd. as grantor and The Bank of New York Mellon as trustee. "Surplus Note Register" has the meaning specified in Section 4.01 hereof. "Surplus Notes" has the meaning specified in the recitals hereof. “US Treasury Rate” means the mean average (rounded up to the nearest second decimal place if the third decimal place is 5 or greater, otherwise rounded down to the nearest second decimal place) of the daily yields, on each Federal Reserve Banks’ business day from and including November 1 to and including December 15, of United States Treasury securities adjusted to a constant maturity of one year, as made available by the Federal Reserve Board in its H.15 weekly releases on Selected Interest Rates (or their equivalent, if the H.15 release is no longer available or applicable) (currently posted at ▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇/releases/h15/current/default.htm). In the event that the foregoing is no longer available from the Federal Reserve Board, the Issuer will reasonably select a new source that provides comparable information needed to calculate the US Treasury Rate. The Issuer will notify the Holders of such selection. "Wire Transfer" means the payment instructions given by the Purchaser or the Issuer, respectively, in connection with any Surplus Note payments.