Money Market Yield definition

Money Market Yield means a yield (expressed as a percentage) calculated in accordance with the following formula: Money Market Yield = D x 360 x 100 where “D” refers to the applicable per annum rate for commercial paper quoted on a bank discount basis and expressed as a decimal, and “M” refers to the actual number of days in the applicable Interest Reset Period.

Money Market Yield means a yield (expressed as a percentage) calculated in accordance with the following formula:

Money Market Yield means a yield expressed as a percentage and calculated in accordance with the following formula:

Examples of Money Market Yield in a sentence

• Estimated Investment Shortfall On any date of determination, the positive difference, if any, between (i) the Certificate Rate for the Class for whose benefit the amounts on deposit in the Series Principal Funding Account are held as of such date of determination and (ii) the weighted average yield (expressed as a Money Market Yield) on the investments in the Series Principal Funding Account as of such date of determination.

• If the Base Rate is the Commercial Paper Rate, the Base Rate that takes effect on any Interest Reset Date shall equal the Money Market Yield (as defined in Section 3(n) below) of the rate, for the second Business Day immediately preceding such Interest Reset Date (the “Commercial Paper Interest Determination Date”), for commercial paper having the Index Maturity, as published in H.15(519) (as defined in Section 3(n) below) under the heading “Commercial Paper — Nonfinancial”.

• If the above rate is not published in H.15(519) by 3:00 PM, New York City time, on the Calculation Date, the Commercial Paper Rate shall be the Money Market Yield of the rate on such Interest Determination Date for commercial paper having the Index Maturity set forth on the face hereof as published in H.15 Daily Update or such other recognized electronic source used for the purpose of displaying such rate, under the caption "Commercial Paper - Nonfinancial".

• Unless otherwise set forth on the face hereof, the "Commercial Paper Rate" means, with respect to any Interest Determination Date pertaining thereto, the Money Market Yield (calculated as described below) of the rate on such date for commercial paper having the Index Maturity set forth on the face hereof, as such rate shall be published in H.15(519) prior to 3:00 P.M., New York City time, on the Calculation Date under the caption "Commercial Paper--Nonfinancial".

• If the Base Rate is the Commercial Paper Rate, the Base Rate that takes effect on any Interest Reset Date shall equal the Money Market Yield (as defined in Section 3(n) below) of the rate, for the second Business Day immediately preceding such Interest Reset Date (the “Commercial Paper Interest Determination Date”), for commercial paper having the Index Maturity, as published in H.15(519) (as defined in Section 3(n) below) under the heading “Commercial paper — Nonfinancial”.

More Definitions of Money Market Yield

Money Market Yield means a yield (expressed as a percentage rounded to the nearest one-hundredth of a percent, with five hundred one-thousandths of a percent rounded upwards) calculated in accordance with the following formula: Money Market Yield = D x 360 x 100 ------- 360 - (D x M)

Money Market Yield shall be the yield (expressed as a percentage) calculated in accordance with the following formula: Money Market Yield = [(D x 360)/(360 - (D x M))] x 100

Money Market Yield shall be a yield calculated in accordance with the following formula: Money Market Yield = D x 360 x 100 360-(D X M) where “D” refers to the applicable per annum rate for commercial paper quoted on a bank discount basis and expressed as a decimal, and “M” refers to the actual number of days in the Index Maturity specified on the face hereof. The interest rate for each such Interest Rate Date shall be the Commercial Paper Rate plus or minus the Spread or multiplied by the Spread Multiplier, if any, as indicated on the face hereof.

Money Market Yield shall be a yield calculated in accordance with the following formula: Money Market Yield = D x 360 x 100 360 - (D x M) where “D” refers to the applicable per annum rate for the commercial paper, quoted on a bank discount basis and expressed as a decimal, and “M” refers to the actual number of days in the Interest Period for which the interest is being calculated.

Money Market Yield means, in respect of any security with a maturity of six months or less, the rate for which is quoted on a bank discount basis, a yield (expressed as a percentage) calculated in accordance with the following formula:

Money Market Yield means a yield expressed as a percentage and calculated in accordance with the following formula: where • “D” equals the per annum rate for commercial paper quoted on a bank discount basis and expressed as a decimal; and • “M” equals the actual number of days in the applicable Interest Reset Period.

Money Market Yield means a yield (expressed as a percentage) calculated in accordance with the following formula: Money Market Yield = D x 360 x 100 where “D” refers to the applicable per annum rate for commercial paper quoted on a bank discount basis and expressed as a decimal, and “M” refers to the actual number of days in the applicable Interest Reset Period (the period between Interest Reset Dates).