Present Value Discount Rate definition
Present Value Discount Rate means the sum of 0.50% plus the yield reported on page “USD” of the Bloomberg Financial Markets Services Screen (or, if not available, any other nationally recognized trading screen reporting on-line intraday trading in United States government securities) at 11:00 a.m. (New York City, New York time) for the United States government securities having a maturity that matches, as closely as possible, the average remaining term of this Agreement. It is expressly agreed that the Non-Defaulting Party shall not be required to enter into a Replacement Contract in order to determine the Termination Payment.
Present Value Discount Rate means with respect to any Transaction, (i) if the time remaining in the Period of Delivery is one year or less, the yield of Canadian Government Treasury Bills with a term closest to the time remaining in the Period of Delivery, plus 100 basis points, and (ii) if the time remaining in the Period of Delivery is greater than one year, the yield of Government of Canada Bonds with a term closest to the time remaining in the Period of Delivery, plus 100 basis points.
Present Value Discount Rate means at a particular date, (i) if the term of the Unavailable Product or Terminated Product, as applicable, is one year or less, the “Ask Yield” interest rate for the appropriate U.S. Government Treasury bill or note with a term closest to the time remaining in such term, plus 100 basis points, or (ii) if the time remaining in the term of the Unavailable Product or Terminated Product, as applicable, is greater than one year, the “Ask Yield” interest rate for the appropriate U.S. Government Treasury note with a term closest to the time remaining in such term, plus 100 basis points, in each case, as quoted in the “Treasury Bonds, Notes & Bills” section of the Default Rate Source most recently published as of such date.
Examples of Present Value Discount Rate in a sentence
The "Present Value Discount Rate" shall mean the sum of 0.50% plus the yield reported on page "USD" of the Bloomberg Financial Markets Services Screen (or, if not available, any other nationally recognized trading screen reporting on-line intraday trading in United States government securities) at 11:00 a.m. (New York City, New York time) for the United States government securities having a maturity that matches, as closely as possible, the average remaining term of this Agreement.
SCHEDULE 8.7 PERMITTED EXISTING INDEBTEDNESS Deferred Compensation for Certain Individuals Lump Sum Value * Present Value Discount Rate N/A 9.0% Currently paying: ▇.
More Definitions of Present Value Discount Rate
Present Value Discount Rate means with respect to any Transaction, (i) if the amount payable is in Canadian currency, the yield of Canadian Government Treasury bills with a term closest to the time remaining in the Delivery Period, plus 100 basic points; or (ii) if the amount payable is in United States currency, the “Ask Yield” interest rate for United States Government Treasury notes as quoted in the Treasury Bonds, Notes, and bills section of the Wall Street Journal most recently published with a term closest to the time remaining in the Delivery Period, plus 100 basis points.
Present Value Discount Rate shall have the meaning set forth in Section 6.03 hereof.
Present Value Discount Rate means the “Constant Maturity Treasury" rates for United States Government Treasury notes as quoted by the United States Treasury Department on its website (http://www.ustreas.gov/offices/domestic-finance/debt-management/interest-rate/yield.html), or substitute publication most recently published, with a term closest to the time remaining in the Delivery Period, plus 100 basis points.”
Present Value Discount Rate shall have the meaning set forth in Section 6.03 hereof. “Prudent Electrical Practices” shall mean those practices, methods, and equipment procedures as changed from time to time, that are commonly used in prudent electrical engineering and operations to design and operate electric equipment and alternative energy facilities lawfully, safely, dependably, efficiently and economically giving due regard to the bio- mass type of facilities installed at the Generating Plant.