Remaining Dollar-years definition

Remaining Dollar-years means the amount obtained by (1) multiplying the amount of each then-remaining principal payment on such Debt by the number of years (calculated at the nearest one-twelfth) that will elapse between the date of determination of the Weighted Average Life to Maturity of such Debt and the date of that required payment and (2) totaling all the products obtained in clause (1) above.

Remaining Dollar-years of such principal shall mean the amount obtained by (1) multiplying (i) the remainder of (A) the amount of principal that would have become due on each scheduled payment date if such prepayment or acceleration had not occurred, less (B) the amount of principal on the Notes scheduled to become due on such date after giving effect to such prepayment (and the application thereof in accordance with the provisions of e2.1) or acceleration, by (ii) the number of years which will elapse between the date of determination and such scheduled payment date, and (2) totalling the products obtained in (1).

Remaining Dollar-years means, with respect to any Prepayment Date and Prepaid Principal, the result obtained by

Examples of Remaining Dollar-years in a sentence

• The term "Senior Debentures Weighted Average Life to Maturity" shall mean, at any time, with respect to any Senior Debenture, the number of years obtained by dividing the then Senior Debentures Remaining Dollar-Years at such time of such Senior Debenture by the then outstanding principal amount of such Senior Debenture.

• The term "Senior Debentures Remaining Dollar-Years" shall mean, at any time, with respect to any Senior Debenture, the result obtained by multiplying (i) an amount equal to the then remaining principal payment at final maturity of such Senior Debenture unpaid immediately prior to such time by (ii) the number of years (calculated to the nearest one-twelfth) that will elapse between such time and the date such required principal payment at final maturity is due.

• For purposes of this Section 2.03, "Weighted Average Life to Maturity" of the principal amount of the Series F Bonds being redeemed shall mean, as of the time of any determination thereof, the number of years obtained by dividing the then Remaining Dollar-Years of such principal by the aggregate amount of such principal.

• The term "Senior Notes Weighted Average Life to Maturity" shall mean, at any time, with respect to any Senior Note, the number of years obtained by dividing the then Senior Notes Remaining Dollar-Years at such time of such Senior Note by the then outstanding principal amount of such Senior Note.

• For purposes of this Section 2.03, "Weighted Average Life to Maturity" of the principal amount of the Series J Bonds being redeemed shall mean, as of the time of any determination thereof, the number of years obtained by dividing the then Remaining Dollar-Years of such principal by the aggregate amount of such principal.

More Definitions of Remaining Dollar-years

Remaining Dollar-years of such principal shall mean the amount obtained by (i) multiplying (x) the remainder of (1) the amount of principal that would have been payable on each scheduled redemption date under Section 1.02 hereof if the redemption pursuant to this Section 1.04 had not been made, less (2) the amount of principal on the bonds scheduled to become payable on each such redemption date under Section 1.02 after giving effect to the redemption pursuant to this Section 1.04, by (y) the number of years (calculated to the nearest one-twelfth) which will elapse between the date of determination and each such scheduled redemption date under Section 1.02, and (ii) totaling the products obtained in (i).

Remaining Dollar-years means the sum of the amounts obtained by multiplying: (i) the amount of each remaining scheduled payment of principal of the Fixed Rate Notes (without giving effect to such Redemption) by (ii) the number of years (rounded to the nearest one-twelfth) which will elapse between the Redemption Date and the Payment Date for such scheduled principal amount.

Remaining Dollar-years of such principal shall mean the amount obtained by (a) multiplying (1) the remainder of (i) the amount of principal that would have become due on each scheduled prepayment or payment date if such prepayment or payment had not been made less (ii) the amount of principal on the Notes scheduled to become due on such date after giving effect to such prepayment or payment and the application thereof in accordance with the provisions of Section 2.1, by (2) the number of years (calculated to the nearest one-twelfth) which will elapse between the date of determination and such scheduled prepayment or payment date, and (b) totaling the products obtained in (a).

Remaining Dollar-years means, with respect to any Indebtedness for Money Borrowed at any date, the sum of the products obtained by multiplying (a) the amount of each remaining scheduled payment of principal (or in the case of a revolving credit facility, each scheduled reduction in the revolving credit commitment) by (b) the number of years (calculated to the nearest twelfth) which will elapse between such date and the making of the payment (or in the case of a revolving credit facility, such scheduled reduction in the revolving credit commitment).

Remaining Dollar-years with respect to any Term Loan at any date, the sum of the products obtained by multiplying (a) the amount of each remaining scheduled payment of principal by (b) the number of years (calculated to the nearest twelfth) which will elapse between such date and the making of such payment.

Remaining Dollar-years means the sum of the products obtained by multiplying: (i) the amount of each remaining scheduled payment of principal of the Obligation without giving effect to such redemption by (ii) the number of years (rounded to the nearest one-twelfth of a year) which will elapse between the date of redemption and the applicable mandatory redemption date for the principal amount being redeemed.

Remaining Dollar-years of the Prepaid Cash Flows means the product obtained by (i) multiplying (A) the principal portion of each Prepaid Cash Flow (including payment at final maturity), by (B) the number of years (calculated to the nearest one-twelfth) between the time of determination and the date of such Prepaid Cash Flow, and (ii) totaling all the products obtained in the computations described in clause (i).