Interest Equivalent definition

Interest Equivalent means a yield on a 360-day basis of a discount basis security which is equal to the yield on an equivalent interest-bearing security.

Interest Equivalent has the meaning set forth in the definition of “‘AA’ Financial Composite Commercial Paper Rate.”

Interest Equivalent means an additional amount to be credited to a Cash Account calculated in accordance with Section 7(a)(ii).

Examples of Interest Equivalent in a sentence

• Interest Equivalent means a yield on a 3 60day basis of a discount basis security which is equal to the yield on an equivalent interestbearing security.

• In respect of any Dividend Period (or other period) of 7 or 28 days (determined without regard to any adjustment in the remarketing schedule in respect of non Business Days, as provided herein), the AA Composite Commercial Paper Rate shall be the Interest Equivalent of the 60day rate.

• Interest Equivalent means a yield on a 360day basis of a discount basis security which is equal to the yield on an equivalent interestbearing security.

• In respect of any Dividend Period of 7 or 28 days (determined without regard to any adjustment in the remarketing schedule in respect of nonBusiness Days, as provided herein), the AA Composite Commercial Paper Rate shall be the Interest Equivalent of the 60day rate.

More Definitions of Interest Equivalent

Interest Equivalent has the meaning set forth in the definition of "'AA' Financial Composite Commercial Paper Rate."

Interest Equivalent means a yield on a 3 60-day basis of a discount basis security which is equal to the yield on an equivalent interest-bearing security.

Interest Equivalent means the entry in a Deferred Compensation Account of an interest credit with respect to a Cash Unit, compounded on the basis of the balance in the Participant’s Deferred Compensation Account, applying the interest factor approved by the Committee each year for such purpose.

Interest Equivalent of a rate stated on a discount basis for commercial paper of a given number of days' maturity shall mean a number equal to the quotient (rounded upward to the next higher one-thousandth (0.001) of 1%) of (1) such rate expressed as a decimal, divided by (2) the difference between (x) 1.00 and (y) a fraction, the numerator of which shall be the product of such rate expressed as a decimal, multiplied by the number of days in which such commercial paper shall mature and the denominator of which shall be 360.

Interest Equivalent means a right granted to a Grantee under Section 6(g) to receive cash, which may be deferred or paid currently, equal to the interest which would be earned on a specified amount of money, including money deferred in a Deferred Cash Account. Interest Equivalents may be awarded on a free-standing basis or in connection with another Award, and may be paid currently or on a deferred basis. Unless the Committee otherwise provides to the contrary or except as otherwise provided in the Plan, Interest Equivalents paid on a deferred basis will be compounded on a quarterly basis.

Interest Equivalent means a yield on a 360–day basis of a discount basis security which is equal to the yield on an equivalent interest–bearing security.

Interest Equivalent means any security or obligation that is by its terms directly or indirectly convertible into or exchangeable or exercisable for Interests or other equity securities of the Company, and any option, warrant or other subscription or purchase right with respect to Interests or such other equity securities of the Company.