Index Maturity definition
Index Maturity means, with respect to any Accrual Period, a period of time equal to three, four or five months, as applicable, commencing on the first day of that Accrual Period.
Index Maturity means, with respect to a Floating Rate Note, the period to maturity of the instrument or obligation on which the interest rate formula is based, as specified in the applicable Pricing Supplement.
Index Maturity means, (i) for One-Month LIBOR, one month, (ii) for Two-Month LIBOR, two months, and (ii) for Three-Month LIBOR, three months.
Examples of Index Maturity in a sentence
The initial Benchmark will be the Term SOFR Rate; provided that, with respect to the first Interest Accrual Period following the Closing Date, the Term SOFR Rate will be determined separately for the period from and including the Closing Date to but excluding the First Interest Determination End Date and the period from and including the First Interest Determination End Date to but excluding the first Payment Date following the Closing Date, in each case, by reference to the Index Maturity.
More Definitions of Index Maturity
Index Maturity means, with respect to any Accrual Period, a period of time equal to three or four months, as applicable, commencing on the first day of that Accrual Period.
Index Maturity means the period to maturity of the instrument or obligation with respect to which the related Interest Rate Basis or Bases will be calculated.
Index Maturity means the period to maturity of the debt securities with respect to which the related interest rate basis or formula will be calculated. For example, the Index Maturity may be one month, three months, six months or one year.
Index Maturity means, with respect to any Accrual Period, a period of time equal to one month, two months and/or three months, as applicable, commencing on the first day of that Accrual Period.
Index Maturity means, with respect to a Supplemental Obligation, the period to maturity of the instrument or obligation on which the interest rate formula is based, as specified in the applicable Pricing Supplement.
Index Maturity means the period specified in the related Pricing Supplement as to which the Treasury Rate, CMS Rate, CMT Rate, LIBOR, EUR-LIBOR or EURIBOR, as the case may be, will be calculated.
Index Maturity means, with respect to any Accrual Period, the interval between Interest Rate Change Dates for each applicable Index during such Accrual Period, commencing on the first day of that Accrual Period.