MMD Index definition

MMD Index means the AAA Municipal Market Data General Obligation Yield Curve for the Applicable Maturity (“MMD”) on each MMD FRN Rate Reset Date. The MMD is available through the Thomson Municipal Market Monitor (www.tm3.com) and the Municipal Market Data-Line. If the MMD Index is not published or provided on the Wednesday preceding each MMD FRN Rate Reset Date, a comparable or successor index selected by the Calculation Agent shall be used.
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MMD Index means the AAA Municipal Market Data General Obligation Yield Curve for the
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MMD Index means the interest rate released by Municipal Market Data for its "Aaa" General Obligation Yield for uninsured bonds for a term equal to twenty (20) years, rounded up to the nearest full year in the event of a partial year.
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Examples of MMD Index in a sentence

  • If the Bonds bear interest at the MMD Index Rate, the SIFMA Index Rate, the Term Rate or the Fixed Interest Rate and are covered by a Credit Facility, the interest coverage period shall be sufficient to maintain the rating on the Bonds as required and confirmed by the Rating Agency.

  • Interest shall be calculated on the basis of a 360 day year of twelve 30-day months so long as interest is payable at the MMD Index Rate, Term Rate or the Fixed Interest Rate.

  • The Bond Coupon Rate for each Interest Rate Period while the Bonds bear interest in the SIFMA Index Rate Mode or the MMD Index Rate Mode shall be determined by the Indexing Agent on each Interest Rate Determination Date.

  • Interest shall be calculated on the basis of a 360 day year of twelve 30 day months so long as interest is payable at the MMD Index Rate, Term Rate or the Fixed Interest Rate or the Permanent Loan Rate.


More Definitions of MMD Index

MMD Index means the interest rate released by Municipal Market Data for its "Aaa" General Obligation Yield for uninsured bonds for a term equal to the remaining numbers of years from the effective date of the Alternate Term Rate to the Maturity Date, rounded up to the nearest full year in the event of a partial year. <PAGE> A-5
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