Present Value Rate definition

Present Value Rate means, at any date, 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 most nearly matches the Remaining Term at that date.

Present Value Rate means the annual yield on a Government of Canada bond having a term and maturity date that most closely matches the remaining Term (as at the date of the applicable calculation) and expiry date of this EPA, plus 3%.

Present Value Rate means, at any date, 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 most nearly matches the Remaining Term at that date.

Examples of Present Value Rate in a sentence

• The amount owed after netting and setoff pursuant to Subsection (g) below shall be due within three (3) Business Days of delivery of such notice and payment shall bear interest at the Present Value Rate from the effective date of the notice of termination until the amount is paid in full.

• The "Present Value 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 the average remaining term of this Agreement.

• The Slice Termination Payment calculated pursuant to clause (b) or (c) above shall be discounted to present value using the Present Value Rate as of the time of termination.

• The monies to be paid under this accelerated payment provision shall be the remaining amounts to be paid under the contracts or agreements reflecting a discount using the Present Value Rate from the date of the written notice.

• If the Party owing money (“Owing Party”) elects to make payments over time to the other Party (“Receiving Party”), the Present Value Rate referenced in Section 22.3(b) in the WSPP Agreement and 16(d) in this or another Slice Contract shall not be reflected in determining the amounts to be paid.

More Definitions of Present Value Rate

Present Value 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 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 Rate has the meaning set forth in Section 7.03.

Present Value Rate shall have the meaning set forth in Section 6.03 hereof.

Present Value Rate is three-fifths of the lowest prime rate of interest as determined by Lessor from reasonably reliable sources, such as the US Federal Reserve System, Bloomberg, The Wall Street Journal, or Lessor’s own prime rate.

Present Value 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 the average remaining term of the Terminated Transactions; and (c) The Non-Defaulting Party shall set off or aggregate, as appropriate, the Gains and Losses (as calculated in Section 22.3(a)) and Costs and notify Issued by: Xxxxxxx X. Xxxxx, General Counsel to Effective: July 1, 2000 Western Systems Power Pool Issued on: September 29, 2000 Filed to comply with order of the Federal Energy Regulatory Commission, Docket Nos. ER00-3338, et al., issued September 15, 2000. -- ---

Present Value Rate has the meaning set forth in Section 6.04 hereof. “Project” has the meaning set forth in the Recitals hereto.

Present Value Rate means an interest rate of(i) six percent (6%) or (ii) such other interest rate the Court determines in connection with Confirmation of the Plan.