Examples of Remaining Dollar-years in a sentence
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.
For purposes of this Section 2.03, "Weighted Average Life to Maturity" of the principal amount of the Series G 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 "Remaining Dollar-Years" of such principal shall mean the amount obtained by (i) multiplying (x) the amount of principal that would have become due on each scheduled payment date if such prepayment had not been made, by (y) the number of years (calculated to the nearest one-twelfth) which will elapse between the date of determination and such scheduled payment date, and (ii) totalling the products obtained in (i).
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 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.