Hedge Treasury Note(s) definition

Hedge Treasury Note(s) means, with respect to any Accepted Note, the United States Treasury Note or Notes whose duration (as determined by Prudential) most closely matches the duration of such Accepted Note.

Hedge Treasury Note(s) means, with respect to any Accepted Note, the United States Treasury Note or Notes whose average life (as determined by PIM) most closely matches the average life of such Accepted Note.

Hedge Treasury Note(s) means, with respect to any Accepted Note, the United States Treasury Note or Notes whose cash flow duration (as determined by Prudential) most closely matches the duration of such Accepted Note.

Examples of Hedge Treasury Note(s) in a sentence

• Price Increase x Full Price where: Price Increase means the excess, if any, of the ask price of the Hedge Treasury Note(s) as determined by Prudential on the Final Cancellation Date over the bid price of the Hedge Treasury Note(s) as determined by Prudential on the Rate Lock Date, divided by such bid price.

• Price Increase x Full Price where: Price Increase means the excess, if any, of the ask price of the Hedge Treasury Note(s) as determined by Prudential on the Second Subsequent Cancellation Date over the bid price of the Hedge Treasury Note(s) as determined by Prudential on the Rate Lock Date, divided by such bid price.

• Price Increase x Full Price where: Price Increase means the excess, if any, of the ask price of the Hedge Treasury Note(s) as determined by Prudential on the Initial Cancellation Date over the bid price of the Hedge Treasury Note(s) as determined by Prudential on the Rate Lock Date, divided by such bid price.

• Price Increase x Full Price where: Price Increase means the excess, if any, of the ask price of the Hedge Treasury Note(s) as determined by Prudential on the Third Subsequent Cancellation Date over the bid price of the Hedge Treasury Note(s) as determined by Prudential on the Rate Lock Date, divided by such bid price.

More Definitions of Hedge Treasury Note(s)

Hedge Treasury Note(s) means, with respect to any Accepted Note, the United States Treasury Note or Notes whose average life (as determined by PGIM) most closely matches the average life of such Accepted Note.

Hedge Treasury Note(s) means, with respect to any Accepted Note, the United States Treasury Note or Notes whose duration (as reasonably determined by Prudential) most closely matches the duration of such Accepted Note.

Hedge Treasury Note(s) means, with respect to any Accepted Note, the United States Treasury Note or Notes whose duration (as determined by Prudential and designated (a) in the case of any Accepted Note denominated in Dollars, the date the interest rate for such Note is fixed and (b) in the case of any Accepted Note denominated in any other Available Currency, on the date the Dollar interest rate relevant to the determination of the interest rate on such Note is fixed) most closely matches the duration of such Accepted Note. The price and/or yield of the Hedge Treasury Note(s) will be determined by Prudential by reference to such price and/or yield as reported by TradeWeb Group LLC (or, if such data for any reason ceases to be available through TradeWeb Group LLC, any publicly available source of similar market data), on the date of determination.

Hedge Treasury Note(s) means, with respect to any Accepted Note, the United States Treasury Note or Notes whose duration (as determined by Prudential in its reasonable judgment) most closely matches the duration of such Accepted Note.

Hedge Treasury Note(s) means the Treasury Note(s) designated by Prudential on the Rate Lock Date as the Treasury Note(s) which has/have a duration that is closest to the duration of the Notes. The price and/or yield of the Hedge Treasury Note(s) will be determined by Prudential by reference to such price and/or yield as reported by TradeWeb LLC (or, if such data for any reason ceases to be available through TradeWeb LLC, any publicly available source of similar market data), on the date of determination.

Hedge Treasury Note(s) means, as applicable, the Treasury Note designated by PCG on the Rate Lock Date as the Treasury Note which has an average life that is closest to the average life of the Notes or the two Treasury Notes then designated by PCG which, with linear interpolation, have an average life comparable to the Notes. The price and/or yield of the Hedge Treasury Note(s) will be determined by PCG by reference to such price and/or yield data as is reported by the publicly available source of such data principally utilized by PCG for such purpose on the date of determination or, if for any reason not available through such source, such other publicly available source as PCG shall select.

Hedge Treasury Note(s) means, with respect to any Accepted