Comparable Treasury Rate means, with respect to any Redemption Date for the Notes, (1) the yield, under the heading which represents the average for the immediately preceding week, appearing in the most recently published statistical release designated “H.15” or any successor publication which is published weekly by the Board of Governors of the Federal Reserve System and which establishes yields on actively traded United States Treasury securities adjusted to constant maturity under the caption “Treasury Constant Maturities,” for the maturity most nearly equal to the remaining time to the Call Date (or if no maturity is within three months before or after the Call Date, yields for the two published maturities most closely corresponding to the time remaining to the Call Date shall be determined and the Comparable Treasury Rate shall be interpolated or extrapolated from such yields on a straight-line basis, rounded to the nearest month) or (2) if such release (or any successor release) is not published during the week preceding the calculation date or does not contain such yields, the rate per annum equal to the semiannual equivalent yield to maturity of the maturity most nearly equal to the remaining time to the Call Date, calculated using a price for the maturity most nearly equal to the remaining time to the Call Date (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption Date. The Comparable Treasury Rate will be calculated by the Company on the third Business Day preceding the Redemption Date (or date of deposit in the case of a satisfaction and discharge).
Comparable Treasury Rate means, as of any date of determination, the yield to maturity implied by (i) the yields reported, as of 10:00 A.M. (New York City time) on the second business day preceding such date of determination on the display designated as "Page 678" on the Telerate Access Service (or such other display as may replace Page 678 on Telerate Access Service) for actively traded
Comparable Treasury Rate means the rate of interest which is equal to the average yield (determined by Lender as of the date which is seven (7) days prior to the Tender Date) on then generally available United States Government general issue Treasury Securities maturing nearest to the ending date of the Maturity Date.
Examples of Comparable Treasury Rate in a sentence
The "Comparable Treasury Rate" shall be (1) equal to the rate for U.S. Treasury Constant Maturities with a maturity closest to the remaining loan term at the date of prepayment, or (2) if there is no U.S. Treasury Constant Maturity having a maturity date matching the remaining loan term, an interpolated rate derived from U.S. Treasury Constant Maturity with the closest maturity date after the Maturity Date.
The Comparable Treasury Rate shall be determined as of ten (10) Business Days prior to the effective date of the prepayment.
More Definitions of Comparable Treasury Rate
Comparable Treasury Rate means, as of any date of determination, the yield to maturity implied by (i) the yields reported, as of 10:00 A.M. (New York City time) on the second business day preceding such date of determination on the display designated as "Page 678" on the Telerate
Comparable Treasury Rate means the rate notified by the Calculation Agent to the Issuer, the Guarantor and the Securityholders (in accordance with Condition 15 (Notices)) in per cent. per annum equal to the yield, under the heading that represents the average for the week immediately prior to the relevant Calculation Date, appearing in the most recently published statistical release designated “H.15(519)” or any successor publication that is published weekly by the Board of Governors of the Federal Reserve System (https://www.federalreserve.gov/releases/h15/) and that establishes yields on actively traded U.S. Treasury securities adjusted to constant maturity under the caption “Treasury constant maturities” for the maturity corresponding to the Comparable Treasury Issue. If such release (or any successor release) is not published during the week preceding the Calculation Date or does not contain such yields, Treasury Rate means the rate in per cent. per annum equal to the semi-annual equivalent yield to maturity of the 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 the Calculation Date. The Comparable Treasury Rate will be calculated on the second Business Day preceding the relevant Calculation Date;
Comparable Treasury Rate means, with respect to any Redemption Date for the Notes, (1) the yield, which represents the average of the five daily rates immediately preceding the calculation date, appearing in the most recently published statistical release designated “H.15” or any successor publication which is published daily by the Board of Governors of the Federal Reserve System and which establishes yields on actively traded United States Treasury securities adjusted to constant maturity under the caption “Treasury Constant Maturities,” for the maturity most nearly equal to the remaining time to the Par Call Date of the Note being redeemed (or if no maturity is within three months before or after the Par Call Date, yields for the two published maturities most closely corresponding to the time remaining to the Par Call Date of the Note being redeemed shall be determined and the Comparable Treasury Rate shall be interpolated or extrapolated from such yields on a straight-line basis, rounded to the nearest month) or
Comparable Treasury Rate means, with respect to any Redemption Date, (i) the average of the bid and asked prices for the Comparable Treasury Issue, expressed in each case as a percentage of its principal amount, on the third Business Day preceding such Redemption Date, as set forth by the Federal Reserve Bank of New York and designated "Composite 3:30 p.m. Quotations for the U.S. Government Securities," or (ii) if such release, or any successor release, is not published or does not contain such prices on such Business Day, (1) the average of the Reference Treasury Dealer quotations for that Redemption Date, after excluding the highest and lowest Reference Treasury Dealer Quotations, or (2) if the Trustee obtains fewer that four Reference Treasury Dealer Quotations for the Redemption Date, the average of the Reference Treasury Dealer Quotations obtained, as determined by the Quotation Agent.
Comparable Treasury Rate shall, as of any date, mean the yield to maturity of U.S. Treasury securities maturing on or about June 1, 2008 as published by The Wall Street Journal for the third business day prior to such date. Promptly after the requisite facts are known, Landlord and Tenant shall join in one or more instruments confirming (a) the Base Rate, the Fit-Out Work Interest Rate, the Fit-Out Work Notional Loan Amount, the Fit-Out Work Investment, the Fit-Out Work Constant Payment, the Unamortized Fit-Out Work Investment as of September 1, 2004, the Unamortized Fit-Out Work Investment as of September 1, 2006, and the Unamortized Fit-Out Work Investment as of June 1, 2008, and (b) the Main Interest Rate, the Base Building Savings, the Base Building Savings Constant Payment and the Notional Main Loan Debt Service. The failure of either party to execute such instrument referred to above shall not constitute a default hereunder or otherwise affect this Lease. Any dispute as to the computations and determination to be made pursuant to this Section 1.6 shall be determined by Expedited Arbitration.
Comparable Treasury Rate shall be (1) equal to the rate for U.S. Treasury Constant Maturities with a maturity closest to the remaining loan term (through the Maturity Date or the Interest Adjustment Date following the date of prepayment, whichever is earlier) at the date of prepayment, or (2) if there is no U.S. Treasury Constant Maturity having a maturity date matching the remaining loan term, an interpolated rate derived from U.S. Treasury Constant Maturity with the closest maturity date after the Maturity Date (using the Maturity Date or the Interest Adjustment Date following the date of prepayment, whichever is earlier). The Comparable Treasury Rate shall be determined as of ten (10) Business Days prior to the effective date of the prepayment.
Comparable Treasury Rate means, with respect to any Redemption Date, (i) the average of the bid and asked prices for the Comparable Treasury Issue, expressed in each case as a percentage of its principal amount, on the third Business Day preceding such Redemption Date, as set forth by the Federal Reserve Bank of New York and designated "Composite 3:30 p.m. Quotations for the U.S. Government Securities," or (ii) if such release, or any successor release, is not published or does not contain such prices on such Business Day, (1) the average of the Reference Treasury Dealer Quotations for that Redemption Date, after excluding the highest and lowest Reference Treasury 5 Dealer Quotations, or (2) if the Trustee obtains fewer that four Reference Treasury Dealer Quotations for the Redemption Date, the average of the Reference Treasury Dealer Quotations obtained, as determined by the Quotation Agent.