Treasury Security definition

Treasury Security means the United States Treasury security that the Treasury Dealer determines would be appropriate to use, at the time of determination and in accordance with standard market practice, in pricing the Debentures being redeemed in a tender offer based on a spread to United States Treasury yields.

Treasury Security has the meaning specified in the Recitals.

Treasury Security means a zero-coupon U.S. Treasury security (CUSIP Number ____________) maturing on [ ], 2005 that will pay $1,000 on such maturity date.

Examples of Treasury Security in a sentence

• Pursuant to the Pledge Agreement, the undivided beneficial interest in a Treasury Security constituting part of each Treasury Unit evidenced hereby has been pledged to the Collateral Agent, for the benefit of the Company, to secure the obligations of the Holder under the Purchase Contract comprising a part of such Treasury Unit.

• DB1/ 148045032.3 Upon the formation of a Treasury Unit pursuant to Section 3.13, each Treasury Unit Certificate shall evidence the number of Treasury Units specified therein, with each such Treasury Unit representing (1) the ownership by the Holder thereof of a 5% undivided beneficial interest in a Treasury Security, subject to the Pledge of such interest by such Holder pursuant to the Pledge Agreement, and (2) the rights and obligations of the Holder thereof and the Company under one Purchase Contract.

• Each Treasury Unit represents (a) the ownership by the Holder thereof of a 5% undivided beneficial interest in a Treasury Security, subject to the Pledge of such interest by such Holder pursuant to the Pledge Agreement, and (b) the rights and obligations of the Holder thereof and of NextEra Energy, Inc., DB 1/ 148045032.3 a Florida corporation (the “Company”), under one Purchase Contract.

More Definitions of Treasury Security

Treasury Security means zero-coupon U.S. Treasury Securities (CUSIP Number ) which are the principal strip of the U.S. Treasury Securities which mature on 15, 2002.

Treasury Security means a zero-coupon U.S. Treasury Security that has a principal amount at maturity of $1,000 and which matures on or prior to the Business Day prior to the Purchase Contract Settlement Date.

Treasury Security means the 8.500% U.S. Treasury Security due February 15, 2020.

Treasury Security means the 3.625% U.S. Treasury Security due August 15, 2019.

Treasury Security means the 9.125% U.S. Treasury Security due May 15, 2018.

Treasury Security means the United States Treasury security that the Treasury Dealer determines would be appropriate to use, at the time of determination and in accordance with standard market practice, in pricing the Junior Subordinated Debentures being redeemed in a tender offer based on a spread to United States Treasury yields.

Treasury Security means a zero‑coupon U.S. Treasury security having a principal amount at maturity equal to $1,000 and maturing on August 31, 2018 (CUSIP No. 000000XX0).