Money Market Yield definition
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 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 an Interest Rate Basis for this Note is the Commercial Paper Rate, as indicated above, the Commercial Paper Rate shall be determined on the applicable Interest Determination Date (a "Commercial Paper Rate Interest Determination Date"), as the Money Market Yield (as defined below) on such date of the rate for commercial paper having the Index Maturity specified above as published in H.15(519) under the heading "Commercial Paper - Nonfinancial".
The Commercial Paper Rate for each Interest Reset Date shall be determined as of the Business Day prior to the Interest Reset Date (“Commercial Paper Rate Interest Determination Date”) and shall equal the Money Market Yield (as defined below) on that date for commercial paper for the period of the Index Maturity specified on the face hereof, as published in H.15(519) under the caption “Commercial Paper—Nonfinancial”.