Comparable Treasury Issue Sample Clauses
The Comparable Treasury Issue clause defines the specific U.S. Treasury security that will be used as a benchmark for determining the yield or rate applicable to a financial transaction, such as the early redemption of bonds. In practice, this clause identifies a Treasury security with a maturity date closest to the remaining term of the bond being referenced, ensuring a fair and objective comparison for calculating any make-whole premium or similar adjustment. Its core function is to provide a transparent and standardized method for determining reference rates, thereby reducing disputes and ensuring fairness in financial calculations tied to market benchmarks.
Comparable Treasury Issue calculated using a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption Date. The Adjusted Treasury Rate shall be calculated on the third Business Day preceding the Redemption Date.
Comparable Treasury Issue. 4 "Comparable Treasury Price"........................................................ 4 "Consolidated Net Tangible Assets"................................................. 4 "Consolidated Tangible Assets"..................................................... 4 "Consolidation".................................................................... 4 "Corporate Trust Office"........................................................... 5 "Debt"............................................................................. 5 "Deed of Trust".................................................................... 6 "Deed of Trust Bondholders"........................................................ 6 "Deed of Trust Bonds".............................................................. 6 "Deed of Trust Collateral"......................................................... 6 "Deed Trustee"..................................................................... 6 "Default".......................................................................... 6 "Depositary"....................................................................... 6 "
Comparable Treasury Issue. The term “
Comparable Treasury Issue. The term "
Comparable Treasury Issue. 4 "Comparable Treasury Price"................................5 "Consolidated Net Income"..................................5 "Consolidated Net Tangible Assets".........................5 "Consolidation"............................................6 "Corporate Trust Office"...................................6 "Credit Agreement".........................................6 "Debt".....................................................6 "Default"..................................................6 "Depositary"...............................................7 "DTC"......................................................7 "Equity Interest"..........................................7 "Existing Funded Debt".....................................7 "Euroclear"................................................7 "Exchange Act".............................................7