Bond Rate definition

Bond Rate means, with respect to any redemption date, the rate per year equal to the annual equivalent yield to maturity (computed as of the second Business Day immediately preceding such redemption date) of the Comparable Government Issue, assuming a price for the Comparable Government Issue (expressed as a percentage of its principal amount) equal to the Comparable Price for such redemption date.

Bond Rate has the meaning set forth in Section 3 of this Supplement.

Bond Rate means, with respect to any Series or Class, the rate at which interest accrues on the principal balance of Transition Bonds of such Series or Class, as specified in the Series Supplement therefor.

Examples of Bond Rate in a sentence

• Municipal Bond Rate The Municipal Bond Rate is the discount rate to be used for those benefitpayments that occur after the assets of the trust have been depleted.

• This rate is equal to the yield available on long-dated, high quality corporate bonds and is commonly referred to as the AA Corporate Bond Rate.

• The discount rate for pension’s liabilities is calculated using the AA Corporate Bond Rate.

• Table T9: 10-Year U.S. Sovereign Bond Rate 2005–2014.......................................

• On the First Reset Date, the Second Reset Date (if applicable) and each Subsequent Reset Date (if any) thereafter, the interest rate will be reset to be the sum of (i) the applicable Mid-Swap Rate, Benchmark Gilt Rate or Reference Bond Rate and (ii) the relevant Margin as determined by the Calculation Agent on the relevant Reset Determination Date (each such interest rate, a “Subsequent Reset Rate”).

More Definitions of Bond Rate

Bond Rate means, with respect to any Bond, as of any date of determination, the then applicable rate of interest payable on such Bond.

Bond Rate means the rate of inter- est for each advance of funds under a Bond;

Bond Rate means, with respect to each Tranche of the Transition Bonds, the rate at which interest accrues on the principal balance of the Transition Bonds or such Tranche, as specified in the Supplement.

Bond Rate means with respect to any Bond, the applicable rate of interest on such Bond, as set forth in such Bond.

Bond Rate means, with respect to any Series or Tranche, the rate at which interest accrues on the principal balance of Environmental Control Bonds of such Series or Tranche, as specified in the Series Supplement therefor.

Bond Rate means the rate of interest for each advance of funds under a Bond;

Bond Rate means with respect to each series of Custodial Receipts the Bond Rate specified in Exhibit C hereto or, as applicable, specified in any Notice of Deposit delivered pursuant to Section 2.01 hereof.