Government Yield means with respect to any Make-whole Redemption Date, the arithmetic average (rounded to the nearest 1/100 of 1 per cent.) of the yield to maturity, provided by two major investment dealers based in the principal financial centre of the Specified Currency selected by the Issuer as at noon (in such time zone as the principal financial centre for the Specific Currency is located) on the Yield Determination Date, as the yields which a non-callable bond of the relevant government would carry if issued, in the Specified Currency in that country, at 100 per cent. of its principal amount on such date with a term to maturity which most closely approximates the remaining term to the Par Call Date.
Government Yield means the annual yield (converted as necessary to the equivalent semi-annual compound rate) on a U.S. Treasury security having a maturity date closest to the date computed by adding (I) for the Government Yield as of the Note Date, the Average Initial Maturity period to the Note Date or (ii) for the Government Yield as of the prepayment date, the Average Remaining Maturity Period to the date of prepayment, as published in The Wall Street Journal (or, if not so published, as determined by Lender based on quotations by secondary market dealers selected by Lender). "U.S. Treasury securities" means actively traded U.S. Treasury bonds, bills and notes. If more than one issue of U.S. Treasury securities is scheduled to mature at or about the time of such computed date, then to the extent possible the U.S. Treasury security trading closest to its par value will be chosen as the basis of the Government Yield.
Examples of Government Yield in a sentence
Issuer Shares/Par Value ($) Bonds – continued Other Banks & Diversified Financials – continued Virgin Money UK PLC, 5.125% to 12/11/2025, FLR (GBP Government Yield - 5yr.
The three-legged bonds are priced on the middle or second maturity date which means that three different maturities in the Government Yield curve have the same price.
The benchmark reinvestment rate for this calculation will be the closing yield on the 6 1/4 % United States Treasury Note maturing on February 28, 2002, as displayed on the Bloomberg Government Yield Monitor ("MONITOR") for the close of business on August 27, 2001.
The amount by which the Holder's cost of funds exceeded the Government Yield as of the day of the making of the loans.
As of the date of any full or partial prepayment, the rate of interest applicable to the Loan MINUS the sum of the Government Yield as of the date of prepayment and the Issuance Spread.
More Definitions of Government Yield
Government Yield means as of any date of determination the yield (converted as necessary to the equivalent semi-annual compound rate) on U.S. Treasury securities having a maturity date closest to the weighted average maturity of the relevant Loan (to the scheduled installment dates), as published in The Wall Street Journal (or, if not so published, as determined by the Lender by using the average quotes obtained by the Lender from three primary dealers that market U.S. Treasury securities in the secondary market). "U.S. Treasury securities" means actively traded U.S. Treasury bonds, bills and notes and, if more than one issue of U.S. Treasury securities is scheduled to mature at or about the time of the end of the weighted average maturity of the Loan, then to the extent possible the U.S. Treasury security issued most recently prior to the date of determination will be chosen as the basis of the Government Yield.
Government Yield. As of any date of determination, the yield (converted as necessary to the equivalent semi-annual compound rate) on U.S. Treasury securities having a maturity date closest to the Average Maturity Period, as published in The Wall Street Journal (or, if not so published, as determined by the Bank by using the average of quotes obtained by the Bank from three primary dealers that market U.S. Treasury securities in the secondary market). "U.S. Treasury securities" means actively traded U.S. Treasury bonds, bills and notes and, if more than one issue of U.S. Treasury securities is scheduled to mature at or about the time of the scheduled maturity of the Term Loan Note, then to the extent possible the U.S. Treasury security issued most recently prior to the date of determination will be chosen as the basis of the Government Yield.
Government Yield means, as of the date of any prepayment, the annualized yield on the “Treasury Constant Maturity” with a maturity equal to the number of months remaining prior to the Maturity Date for the most recent week available prior to the date of such prepayment, as reported in the Federal Reserve Statistical Release H.15 (hereinafter “Release H.15”) conclusively determined by Lender on the date of each such prepayment. The yield will be determined by linear interpolation if necessary. If the number of months remaining prior to the Maturity Date is less than twelve months, the “Government Yield” will be the annualized yield on the “Treasury Constant Maturity” with a maturity equal to one year. If Release H.15 is no longer published, Lender shall determine Government Yield.
Government Yield. As of any date of determination, the yield (converted as necessary to the equivalent semi-annual compound rate) on U.S. Treasury Securities having a maturity date closest to the Average Maturity Period, as published by The Wall Street Journal (or, if not so published, as determined by the Lender by using the average quotes obtained by the Lender from three primary dealers that market U.S. Treasury Securities on the secondary market).
Government Yield as to any date of determination, the annual yield (converted as necessary to the equivalent semi-annual compound rate) on a U.S. Treasury security having a maturity date closest to the date computed by adding the Average Maturity Period to the date of prepayment, as published in The Wall Street Journal (or, if not so published, as determined by the Bank based on quotations by secondary market dealers selected by the Bank). "U.S. Treasury securities" means actively traded U.S. Treasury bonds, bills and notes. If more than one issue of U.S. Treasury securities is scheduled to mature at or about the time of such computed date, then to the extent possible the U.S. Treasury security trading closest to its par value will be chosen as the basis of the Government Yield.
Government Yield as to any date of determination, the annual yield (converted as necessary to the equivalent semi-annual compound rate) on U.S. Treasury securities having a maturity date closest to the date computed by adding the Average Maturity Period to the date of prepayment, as published in THE WALL STREET JOURNAL (or, if not so published, as determined by the Bank based on quotations by secondary market dealers selected by the Bank). "U.S. Treasury securities" means actively traded U.S. Treasury bonds, bills and notes and, if more than one issue of U.S. Treasury securities is scheduled to mature at or about the time of such computed date, then to the extent possible the U.S. Treasury security trading closest to its par value will be chosen as the basis of the Government Yield.
Government Yield means the annual yield (converted as necessary to the equivalent semi- annual compound rate) on a U.S. Treasury security having a maturity date closest to the date computed by adding (i) for the Government Yield as of the Base Date, the Average Initial Maturity Period to the Base Date, or (ii) for the Government Yield as of the prepayment date, the Average Remaining Maturity Period to the date of prepayment, as published in THE WALL STREET JOURNAL (or, if not so published, as determined by the Lender based on quotations by secondary market dealers selected by the Lender). "U.S. Treasury securities" means actively traded U.S. Treasury bonds, bills and notes. If more than one issue of U.S. Treasury securities is scheduled to mature at or about the time of such computed date, then to the extent possible the U.S. Treasury security trading closest to its par value will be chosen as the basis of the Government Yield.