Bond Ladder definition

Bond Ladder means a portfolio of U.S. Zeroes whose maturities fall within a date range between and including ____________ and ____________, provided that no more than 52% of all such U.S. Zeroes, based on face value, matures either before or after the Maturity Date; and provided further, that if at any time there are three or more issues of U.S. Zero STRIPS available in the market that mature between and including ____________ and ____________ and if the Fund’s assets have not already been required to be invested in the Defeasance Portfolio, the Adviser will narrow the date range hereunder to ____________ and____________ for all future purchases of U.S. Zeros.
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Bond Ladder means a portfolio of U.S. Zeroes distributed by face value around each of the Semi-Annual Distribution Payment Dates and the Maturity Date according to the Weighted Face-Value Factor of the Protected Amount Per Share for each such Payment Date. The portfolio of U.S. Zeroes shall be composed of: (1) for the U.S. Zeroes allocated in respect of any Payment Date occurring in June of any year, only those U.S. Zeroes maturing on the _______ immediately prior to such Payment Date; and (2) for the U.S. Zeroes allocated in respect of any Payment Date occurring in December of any year, only those U.S. Zeroes maturing on the _______ immediately prior to such Payment Date. The Bond Ladder shall be constructed in accordance with the methodology included as Exhibit B hereto.
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Bond Ladder means a portfolio of U.S. Zeroes the maturities of which fall within a date range between and including __________ and __________ and distributed as follows: (1) if there is one bond issue maturing within the date range, or one bond issue that matures on the Maturity Date, all U.S. Zeroes purchased shall be in that single bond issue; (2) if there are two or more bond issues maturing within the date range—with some bond issues maturing before and some bond issues maturing after the Maturity Date—no more than 52% of U.S. Zeroes purchased (based on face value) may be in bond issues maturing after the Maturity Date and the remainder shall be invested in the bond issues maturing before the Maturity Date; and (3) if there are two or more bond issues maturing within the date range but all such bond issues mature either before or mature after the Maturity Date, all U.S. Zeroes purchased shall be in the bond issue closest to the Maturity Date.
Sample 1

Examples of Bond Ladder in a sentence

  • The Adviser will amend Schedule 1 to the Irrevocable Instructions from time to time as necessary to ensure that the table of U.S. Zeros included in such Schedule 1 to the Irrevocable Instructions conforms to the Bond Ladder and shall provide a copy of such amended schedule to the Warranty Provider promptly upon such amendment.

  • It is acknowledged and agreed that Warranty Provider and the Calculation Agent shall have the right to review the revised allocation of U.S. Zeroes included in Schedule 1 to the Irrevocable Instructions solely for compliance with the Bond Ladder.

  • If the Adviser and the Warranty Provider cannot agree on a revision to Schedule 1 to the Irrevocable Instructions that both parties agree conforms to the Bond Ladder, any Floor Shortfall resulting from the Adviser’s revision of such Schedule 1 shall be considered to be the result of Adviser Conduct and shall be subject to the procedures set forth in Section 4.1 hereto.

  • If the Warranty Provider or the Calculation Agent determine that the revisions to such Schedule 1 do not comply with the Bond Ladder, the Warranty Provider or the Calculation Agent shall notify the Adviser of such conclusion and the perceived deficiency in the revised Schedule 1.

  • Clive Tesar, WWF-Global Arctic Program spoke to the history of the project and referred delegates to the website and considered that perhaps they should have called this project, “The Lasting Ice Area” as it is a story of hope and resilience rather than one of doom and gloom.

  • Yearly Returns on the Bond Ladder Relative to Treasury Bills ................

  • I was a discussant for the paper “The Bond Ladder Fallacy”, by Dave Tucek, Value Economics, LLC.

  • The Municipal Ladder (1-10 Years) Managed Account Composite (Composite) (formerly named Municipal Bond Ladder 1 - 10 Year Managed Account Composite) contains all discretionary client portfolios investing in municipal securities of states, territories, and possessions of the United States that pay interest exempt from federal income tax, but not necessarily federal alternative minimum tax.

  • ETCM Advisory Programs ETCM closed the following investment styles within the Fixed Income Portfolios (“FIP”) advisory program to new client accounts: Active Municipal Bond Portfolios; Active Taxable Bond Portfolios; and Corporate Bond Ladder Portfolios.

  • The town expects the lessee to maintain the driveways and parking area near the front of the building and the two paved parking lots to the north of the property.

Related to Bond Ladder

  • Bond Law means Article 4.5 of Chapter 3 of Part 1 of Division 2 of Title 5 of the Government Code of the State of California, commencing with Section 53506 of said Code, as in effect on the date of adoption hereof and as amended hereafter.

  • Pollution control facilities means water and air pollution control equipment and solid waste disposal facilities or any of them.

  • Stormwater Pollution Prevention Plan or "SWPPP" means a document that is prepared in accordance with good engineering practices and that identifies potential sources of pollutants that may reasonably be expected to affect the quality of stormwater discharges from the construction site, and otherwise meets the requirements of this Ordinance. In addition the document shall identify and require the implementation of control measures, and shall include, but not be limited to the inclusion of, or the incorporation by reference of, an approved erosion and sediment control plan, an approved stormwater management plan, and a pollution prevention plan.

  • Bond Documents means the Bonds, the Indenture, the Loan Agreement, the Remarketing Agreement, the Remarketing Circular, and all amendments and supplements thereto.

  • Operating Environment means, collectively, the platform, environment and conditions on, in or under which the Software is intended to be installed and operate, as set forth in the Statement of Work, including such structural, functional and other features, conditions and components as hardware, operating software and system architecture and configuration.

  • Waste prevention means source reduction and reuse, but not recycling.

  • Bond Agreement means this bond agreement, including any Attachments to which it refers, and any subsequent amendments and additions agreed between the Parties.

  • Bond Ordinance means this ordinance authorizing the issuance of the Bonds.

  • Combustion turbine means an enclosed fossil or other fuel-fired device that is comprised of a compressor, a combustor, and a turbine, and in which the flue gas resulting from the combustion of fuel in the combustor passes through the turbine, rotating the turbine.

  • CMSA Bond Level File means the monthly report substantially in the form of, and containing the information called for in, the downloadable form of the "Bond Level File" available as of the Closing Date on the CMSA Website, or such other form for the presentation of such information and containing such additional information as may from time to time be approved by the CMSA for commercial mortgage securities transactions generally.

  • Air transportation means the public carriage by aircraft of passengers, baggage, cargo, and mail, separately or in combination, for remuneration or hire;

  • Natural environment means the air, land and water, or any combination or part thereof, of the Province of Ontario; (“environnement naturel”)

  • Air pollution means the presence in the outdoor atmosphere of one or more air contaminants in sufficient quantities, and of such characteristics and duration as is, or is likely to be, injurious to human health, plant or animal life, or property, or which unreasonably interferes with enjoyment of life and property. For the purposes of this chapter, air pollution shall not include air contaminants emitted in compliance with chapter 17.21 RCW, the Washington Pesticide Application Act, which regulates the application and control of the use of various pesticides.