Common use of Certificates of Deposit Clause in Contracts

Certificates of Deposit. The purchase price of a certificate of deposit (a “CD”) is treated as its fair market value on the purchase date if (1) the CD has a fixed interest rate, a fixed payment schedule, and a substantial penalty for early withdrawal, (2) the Yield on the CD is not less than the Yield on reasonably comparable direct obligations of the United States, and (3) the Yield is not less than the highest Yield published or posted by the CD issuer to be currently available on reasonably comparable CDs offered to the public.

Certificates of Deposit. The purchase price of a certificate of deposit (a “CD”) is treated as its fair market value on the purchase date if (1) the CD has a fixed interest rate, a fixed payment schedule, and a substantial penalty for early withdrawal, (2) the Yield on the CD is not less than the Yield on reasonably comparable direct obligations of the United States, States and (3) the Yield is not less than the highest Yield published or posted by the CD issuer to be currently available on reasonably comparable CDs offered to the public.

Certificates of Deposit. The purchase price of a certificate of deposit (a “CD”) is treated as its fair market value on the purchase date if (1i) the CD has a fixed interest rate, a fixed payment schedule, and a substantial penalty for early withdrawal, ; (2ii) the Yield on the CD is not less than the Yield on reasonably comparable direct obligations of the United States, ; and (3iii) the Yield is not less than the highest Yield published or posted by the CD issuer City to be currently available on reasonably comparable CDs offered to the public.

Certificates of Deposit. The purchase price of a certificate of deposit (a “CD”) is treated as its fair market value on the purchase date if (1) the CD has a fixed interest rate, a fixed payment schedule, and a substantial penalty for early withdrawal, (2) the Yield on the CD is not less than the Yield on reasonably comparable direct obligations of the United States, and (3) the Yield is not less than the highest Yield published or posted by the CD issuer City to be currently available on reasonably comparable CDs offered to the public.

Certificates of Deposit. The purchase price of a certificate of deposit (a “CD”) is treated as its fair market value on the purchase date if (1i) the CD has a fixed interest rate, a fixed payment schedule, and a substantial penalty for early withdrawal, ; (2ii) the Yield on the CD is not less than the Yield on reasonably comparable direct obligations of the United States, ; and (3iii) the Yield is not less than the highest Yield published or posted by the CD issuer to be currently available on reasonably comparable CDs offered to the public.

Certificates of Deposit. The purchase price of a certificate of deposit (a “CD”) is treated as its fair market value on the purchase date if (1if(i) the CD has a fixed interest rate, a fixed payment schedule, and a substantial penalty for early withdrawal, ; (2ii) the Yield yield on the CD is not less than the Yield yield on reasonably comparable direct obligations of the United States, ; and (3iii) the Yield yield is not less than the highest Yield yield published or posted by the CD issuer to be currently available on reasonably comparable CDs offered to the public.

Certificates of Deposit. The purchase price of a certificate of deposit (a “"CD”") is treated as its fair market value on the purchase date if (1i) the CD has a fixed interest rate, a fixed payment schedule, and a substantial penalty for early withdrawal, ; (2ii) the Yield yield on the CD is not less than the Yield yield on reasonably comparable direct obligations of the United States, ; and (3iii) the Yield yield is not less than the highest Yield yield published or posted by the CD issuer to be currently available on reasonably comparable CDs offered to the public.