Present Value Savings definition

Present Value Savings means the dollar savings which result from the issuance of the Refunding Bonds computed by discounting the principal and interest payments on both the Refunding Bonds and the Bonds To Be Refunded from the respective maturities thereof to the date of issue of the Refunding Bonds at a rate equal to the effective interest cost of the Refunding Bonds. The effective interest cost of the Refunding Bonds shall be that rate which is arrived at by doubling the semi-annual interest rate (compounded semi-annually), necessary to discount the debt service payments on the Refunding Bonds from the maturity dates thereof to the date of issue of the Refunding Bonds and to the bona fide initial public offering price including estimated accrued interest, or, if there is no public offering, to the price bid, including estimated accrued interest.
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Present Value Savings means the dollar savings which result from the issuance of the Refunding Bonds computed by discounting the principal and interest payments on both the Refunding Bonds and the Bonds To Be
Sample 1Sample 2Sample 3
Present Value Savings means the dollar savings which result from the issuance of the Refunding Bonds computed by discounting the principal and interest payments on both the Refunding Bonds and the Bonds To Be Refunded from the respective maturities thereof to the date of issue of the Refunding Bonds at a rate equal to the
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Examples of Present Value Savings in a sentence

  • The Bonds are hereby authorized to be sold to the Underwriter (as provided for in said resolution of March 17, 2016), and the Clerk or President is hereby authorized to execute a Bond Purchase Agreement with the Underwriter, in form and substance satisfactory to Bond Counsel, provided the sale of the Bonds produces minimum net present value savings (after payment of all costs) in excess of the Minimum Present Value Savings to Refund guidelines of the State Bond Commission.

  • Refunding of the remaining Series 2001 bonds presented a Net Present Value Savings of $784,460 at the rate of 1.2%.

  • Present Value Savings: A method of calculating the aggregate amount of savings on a refinancing transaction.

  • The actual principal amount of the Refunding Bonds, the terms thereof, and the resulting Present Value Savings, may vary from the Refunding Financial Plan.

  • The scope of work will be to review and confirm that the Net Present Value Savings percentage for the bond refinance is viable and disclosure services.

  • The present value savings in each year are added together to result in the aggregate Present Value Savings.

  • The scope of work will be to review and confirm that the Net Present Value Savings percentage for the bond refinance is viable.

  • The refunding of the existing Measure “J” Bonds callable through 2024 will produce a Net Present Value Savings on $12 million, which is roughly 36% of the refunded bond amount.

  • The Net Present Value Savings of refunding the Refunded Bonds is %.

  • Hypothetical 2005$71, 802,996Total - Hypothetical Bonds Scenario 2$135,274,873$123,257,338 Present Value Savings From Commercial Paper Scenario Vs. Bond Scenario 1 Present Value Savings From Commercial Paper Scenario Vs. Bond Scenario 2$23,811,007 $7,101,860 [1] Discount Rate = 4.45%, the actual TIC on PUC's 2006 Series A Bonds[2] Formula for Present Value = sum of (each annual debt service payment)/(1+ discount rate)^(year in which debt service payment is made - 2006).


More Definitions of Present Value Savings

Present Value Savings means the dollar savings which result from the issuance of the Refunding Bonds computed by discounting the principal
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Present Value Savings means the dollar savings which result from the issuance of the Refunding Bonds computed by discounting the principal and interest and liquidity facility payments on both the Refunding Bonds and the Bonds To Be Refunded from the respective maturities thereof to the date of issue of the Refunding Bonds, at a rate equal to the All Inclusive Cost of the Refunding Bonds. The All Inclusive Cost of the Refunding Bonds shall be that rate which is arrived at by doubling the semi-annual interest rate (compounded semi-annually), necessary to discount the debt service payments on the Refunding Bonds from the maturity dates thereof to the date of issue of the Refunding Bonds and to the bona fide initial public offering price including estimated accrued interest, original issue premium/(discount), less any bond insurance premium, and less the underwriter’s discount and costs of issuance, or, if there is no public offering, to the price bid including estimated accrued interest, original issue premium/(discount), less any bond insurance premium, and less the underwriter’s discount and costs of issuance.
Sample 1
Present Value Savings means the difference expressed in terms of current dollars between debt service on refunded bonds and debt service on refunding bonds;
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Related to Present Value Savings

  • Actuarial equivalent means a benefit of equal value when

  • Net Present Value means, as to a specified or ascertainable dollar amount, the present value, as of the date of calculation of any such amount using a discount rate equal to the Base Rate in effect as of the date of such calculation.

  • BENEFIT LIMIT means the total benefit allowed under this plan for a covered healthcare service. The benefit limit may apply to the amount we pay, the duration, or the number of visits for a covered healthcare service.