T-Xxxx Rate definition

T-Xxxx Rate means, for any Quarterly Floating Rate Period, the average yield expressed as a percentage per annum on three-month Government of Canada Treasury Bills, as reported by the Bank of Canada, for the most recent treasury bills auction preceding the applicable Floating Rate Calculation Date.

T-Xxxx Rate means, on any day, the weighted average per annum discount rate (expressed on a bond equivalent basis and applied on a daily basis) for 91-day Treasury Bills sold at the most recent 91-day Treasury Xxxx auction prior to such date as reported by the U.S. Treasury Department. In the event that the results of the auctions of 91-day Treasury Bills cease to be published or reported as provided above, or that no such auction is held in a particular week, then the "T-Xxxx Rate" in effect as a result of the last such publication or report shall remain in effect until such time, if any, as the results of auctions of 91-day Treasury Bills shall again be so published or reported or such an auction is held, as the case may be. The T-Xxxx Rate shall be subject to a Lock-In Period of six Business Days.

T-Xxxx Rate means, with respect to any Quarterly Interest Period, the weighted average of the T-Xxxx Rates for each day within the Quarterly Interest Period and, with respect to any date within a Quarterly Interest Period, means the weighted average per annum discount rate (expressed on a bond equivalent basis and applied on a daily basis) for 91-day Treasury Bills sold at the most recent 91-day Treasury Xxxx auction prior to such date as reported by the U.S. Treasury Department. In the event that the results of the auctions of 91-day Treasury Bills cease to be published or reported as provided above, or that no such auction is held in a particular week, then the "T-Xxxx Rate" in effect as a result of the last such publication or report shall remain in effect until such time, if any, as the results of auctions of 91-day Treasury shall again be so published or reported or such auction is held, as the case may be. The T-Xxxx Rate with respect to a Swap Agreement, if specified in the related Swap Agreement, shall be subject to a Lock-In Period (as defined in each Swap Agreement, if any) of six Business Days.

Examples of T-Xxxx Rate in a sentence

• Tenant shall be entitled to interest ("Security Deposit Interest") on the balance of the Security Deposit held by Landlord (the "Security Deposit Balance") for each month at the T-Xxxx Rate as published in the Wall Street Journal on the last business day of the month.

• Municipal Funds A balance credit equal to 75% of the average demand deposit account balance in the custodian account for the month billed times the 30 day T-Xxxx Rate on the last Monday of the month billed, will be applied against the month's custodian xxxx.

• The T-Xxxx Rate will be calculated using the 3-month average results, as reported by the Bank of Canada, for the most recent auction preceding the date on which the Floating Quarterly Dividend Rate for such quarter is determined.

• In connection therewith, the Administrator shall calculate the T-Xxxx Rate in accordance with the definition thereof calculate Three-Month LIBOR in accordance with the definition thereof and shall also determine the Student Loan Rate with respect to such Distribution Date.

• At any time during the Period and so long as Xxxx is not in default on any payment due Planet under this Agreement, Xxxx has the option to pre-pay the remaining balance on the Purchase Price in full (the "Balance Pre-Payment") by paying to Planet the discounted net present value of the remaining unpaid monthly payments determined using a discount rate equal to the then current yield on Two Year U.S. Treasury Bills ("T-Xxxx Rate").

More Definitions of T-Xxxx Rate

T-Xxxx Rate means, for any month, the result of the most recent auction of 13-week U.S. Treasury bills sold at discount from face value as published in the Wall Street Journal on the last Business Day of the month.

T-Xxxx Rate means, with respect to the Deposit Balance, the yield to maturity implied by (i) the yields reported as of 10:00 A.M. (New York City time) on the Deposit Payment Date on the display designated as "Page 678" on the Telerate Access Service (or such other display as may replace Page 678 on Telerate Access Service) for 30-year U.S. Treasury securities, or (ii) if such yields are not reported as of such time or the yields reported as of such time are not ascertainable, the Treasury Constant Maturity Series Yields reported, for the latest day for which such yields have been so reported as of the Deposit Payment Date in Federal Reserve Statistical Release H.15 (519) (or any comparable successor publication) for 30-year U.S. Treasury securities. Such implied yield will be determined, if necessary, by converting U.S. Treasury xxxx quotations to per annum bond-equivalent yields in accordance with accepted financial practice.

T-Xxxx Rate means, the weighted average per annum discount rate (expressed on a bond equivalent basis and applied on a daily basis) for 91-day Treasury Bills sold at the most recent 91-day Treasury Xxxx auction (or a comparable obligation of the United States in the event 91-day Treasury Bills are discontinued or suspended) prior to such date as reported by the U.S. Treasury Department. In the event that the results of the auctions of 91-day Treasury Bills (or comparable obligation) cease to be published or reported as provided above, or that no such auction is held in a particular week, then the “T-Xxxx Rate” in effect as a result of the last such publication or report shall remain in effect until such time, if any, as the results of auctions of 91-day Treasury shall again be so published or reported or such auction is held, as the case may be.

T-Xxxx Rate means the sum of the 5-Year T-Xxxx Rate plus two and three-quarters percent (2-3/4%) per annum.

T-Xxxx Rate means the 3-month Treasury xxxx rate, as quoted in The Wall Street Journal every Tuesday, unless a Treasury xxxx auction is held on a Tuesday, then the 3-month Treasury xxxx rate on Wednesday will apply. Interest will accrue daily and will be payable to the Company on each disbursement of funds from the account to the Company or Class A Rightsholders, as the case may be. The preceding three sentences and this sentence shall survive any termination of this Agreement. Promptly following the Expiration Time you shall distribute to the Company the funds in such account and issue certificates for shares of Class A Common Stock issuable with respect to Subscriptions which have been accepted.

T-Xxxx Rate means, in respect of any day for which interest based on such rate is being calculated under this Agreement, the rate per annum at which Philippine Treasury Bills (with terms of thirty days or, if no such xxxx is issued, such xxxx which is issued having the term nearest to thirty days) issued by the Government of the Republic of the Philippines on the Monday immediately preceding such day or, if there were no Treasury Bills issued on such Monday, on the day immediately preceding such Monday on which Treasury Bills were issued;

T-Xxxx Rate means the average of the bond equivalent rates of the 91-day Treasury bills auctioned during the calendar quarter immediately preceding any date of determination.