Present Value. The Slice Termination Payment calculated pursuant to clause (b) or (c) above shall be discounted to present value using the Present Value Rate as of the time of termination. The “Present Value Rate” shall mean the sum of 0.50% plus the yield reported on page “UISD” of the Bloomberg Financial Markets Services Screen (or if not available, any other nationally recognized trading screen reporting on-line intraday trading in United States government securities) at 8:00 a.m. PPT for the United States government securities having a maturity that matches the average remaining term of this Contract.
Appears in 6 contracts
Samples: Sale of Output Agreement, Sale of Output Agreement, Sale of Output Agreement
