Certificate Yield Sample Clauses
The Certificate Yield clause defines the rate of return or interest that a certificate holder is entitled to receive from a financial instrument, such as a certificate of deposit or investment certificate. This clause typically specifies how the yield is calculated, the frequency of payments, and any conditions that may affect the yield, such as early withdrawal penalties or changes in market rates. Its core practical function is to provide transparency and certainty to investors regarding the expected income from their investment, helping them compare different financial products and make informed decisions.
Certificate Yield. Based on the Offering Prices, the Yield on the Certificates is % as computed by Special Tax Counsel as shown on Exhibit A. The City has not entered into an interest rate swap agreement with respect to any portion of the proceeds of the Certificates.
Certificate Yield. 4 SECTION 3.3 Scheduled Return of Holder Fundings....................... 4 SECTION 3.4 Early Return of Holder Fundings........................... 5 SECTION 3.5 Payments from Trust Estate Only........................... 5 SECTION 3.6
Certificate Yield. During all times that any portion of the Invested Amount is outstanding under the Face-Amount Certificate, the Issuer shall pay, with respect to each Settlement Period (or portion thereof), an amount equal to the sum of (a) and (b) (the "CERTIFICATE YIELD"), where (a) is equal to the applicable Earned Yield (as defined below) with respect to such Settlement Period (or portion thereof), and where (b) is equal to the product of (x) the applicable Program Fee payable by the Issuer pursuant to the Program Fee Letter with respect to such Settlement Period (or portion thereof) MULTIPLIED BY (y) $500,000,000 until the Invested Amount equals $500,000,000 and thereafter the Invested Amount.
Certificate Yield. The Owner Trustee shall pay to each Holder, from the Trust Estate, its pro rata portion of Holder Yield on Holder Fundings made hereunder. Payment of Holder Yield on each Holder Funding shall be made in arrears on each Payment Date. If the date on which such payment of Holder Yield shall be due shall not be a Business Day, such payment shall be made on the next succeeding Business Day.
Certificate Yield. Based on the issue price, the Yield on the Certificates is %, as computed by Special Counsel as shown on Exhibit A. The Issuer has not entered into an interest rate swap agreement with respect to any portion of the proceeds of the Certificates. The Bond Insurer has issued the Bond Insurance Policy, which guarantees the scheduled payment of the Principal Component or Interest Component of the Rental Payments when due. In the Underwriter Receipt for Bonds and Closing Certificate, the Underwriter has represented that the premium for the Bond Insurance Policy does not exceed a reasonable, arm’s-length charge for the transfer of credit risk and that the present value of the Bond Insurance Policy premium is less than the present value of the interest expected to be saved as a result of the Bond Insurance Policy. In the certificate of Bond Insurer, the Bond Insurer has represented that the Bond Insurance Policy premium does not include any payment for any direct or indirect services other than the transfer of credit risk. The premium for the Bond Insurance Policy is treated as a payment for a qualified guarantee under Regulations § 1.148-4(f).
Certificate Yield. The Owner Trustee shall pay to each Holder, from the Trust Estate, its pro rata portion of Holder Yield on Holder Fundings made hereunder. Payment of Holder Yield on each Holder Funding shall be made in arrears on each Payment Date. If the date on which such payment of Holder
Certificate Yield. During all times that any or all of the principal amount of the Certificate is outstanding (the "Invested Amount"), the Issuer shall pay with respect to each Settlement Period (or portion thereof) an amount equal to the sum of (a) + (b) + (c), where:
(a) is equal to the applicable Earned Yield (as defined below) with respect to such Settlement Period (or portion thereof),
(b) is equal to the applicable Liquidity Fee (as defined below) payable by the Issuer pursuant to the Liquidity Fee Letter with respect to such Settlement Period (or portion thereof), and
(c) is equal to the applicable Letter of Credit Fee (as defined below) payable by the Issuer to the Agent pursuant to the FNBC Fee Letter for the benefit of the Letter of Credit Banks (in each case, as defined below) with respect to such Settlement Period (or portion thereof) (collectively, the sum (a) + (b) + (c) for any calculation period shall be referred to as the "Certificate Yield"). For purposes of making the above-referenced calculation and payment, the foregoing capitalized terms shall have the following meanings: