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

Examples of Bond Rate in a sentence

  • 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.

  • In determining the present value of the Remaining Scheduled Payments, the Company will discount such payments to the Redemption Date on an annual basis (ACTUAL/ACTUAL (ICMA)) at the applicable Comparable Government Bond Rate, plus 15 basis points.

  • The fair value of the obligations is based on the estimated cash flow required to settle the obligations discounted using the Government of Canada Bond Rate for the applicable term adjusted for the Company’s credit rating.

  • The actuarial assumptions used under the Plan to determine equivalencies between different forms and times of payment shall be the same as the actuarial assumptions then used in determining benefits payable under the CARP; provided, however, that with respect to the discount rate used to calculate a Lump-Sum Payment or a Spousal Lump-Sum Payment, the discount rate shall be the Aa Corporate Bond Rate.

  • 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 the rate of inter- est for each advance of funds under a Bond;
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, 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 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 with respect to any Bond, the applicable rate of interest on such Bond, as set forth in such Bond.
Bond Rate means the applicable dividend rate on Bonds that are equity shares, “Bond Interest Payment Date” shall mean the date dividends are paid on Bonds that are equity shares, the term “Issuer” shall mean the issuer of any Bonds that are equity shares, and “principal amount” shall include the redemption preference of any Bonds that are equity shares.
Bond Rate means the rate of interest for each advance of funds under a Bond;