Treasury Index definition

Treasury Index. The applicable One-Year Constant Maturity Treasury Index as published by the Federal Reserve Board in the applicable Federal Reserve Board Statistical Release No.

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Treasury Index means the greater of (i) four and 48/100 percent (4.48%) and (ii) the Treasury Constant Maturities Rate, as published by the United States Federal Reserve in Statistical Release H.15(519) entitled “Selected Interest Rates” for a term equal to the term of the Note evidencing such Credit Extension (and if there is no Treasury Constant Maturities Rate published for such term, the rate resulting from the interpolation between the Treasury Constant Maturities Rate published for the next shorter term and the next longer term), two (2) days prior to the funding of such Credit Extension, including the initial Credit Extension. If any such date is not a business day, then the quote shall be obtained on the business day immediately preceding such date. If the United States Treasury (a) quotes more than one such rate, then the highest of such quotes shall apply, or (b) ceases to quote such rate, then the Treasury Index shall be determined from such substitute financial reporting service or source as the Secured Party in its reasonable discretion shall determine.

Treasury Index means the weekly average yield of U.S. Treasury securities, adjusted to a constant maturity of one year, as published by the Board of Governors of the Federal Reserve System.

Examples of Treasury Index in a sentence

• If the AA Composite Commercial Paper Rate or the Treasury Index Rate, as the case may be, is not quoted on an interest basis, if the rate obtained by the Auction Agent is quoted on a discount basis, or if the rate obtained by the Auction Agent is quoted on another basis the Auction Agent shall convert the quoted rate to an interest rate after consultation with the Fund as to the method of such conversion.

• Not later than 9:30 A.M. on each Auction Date the Auction Agent shall notify the Fund and the Broker-Dealers of the Minimum Rate and Maximum Rate so determined and the AA Composite Commercial Paper Rate or the Treasury Index Rate, as the case may be, used to make such determination.

• Unless otherwise provided in the related Terms Supplement, each Floating Rate or Inverse Floating Rate Class shall bear interest during each Accrual Period at a rate determined by reference to one of the following indices: (i) LIBOR, (ii) COFI, (iii) a Treasury Index or (iv) the Prime Rate.

• Unless otherwise provided in the related Terms Supplement, the Administrator shall determine LIBOR, COFI, the Treasury Indices and the Prime Rate, and calculate the Class Coupons of LIBOR Classes, COFI Classes, Treasury Index Classes and Prime Rate Classes, in accordance with, and subject to the terms and conditions set forth in, Appendix V to the Offering Circular.

• If the `AA' Financial Composite Commercial Paper Rate or the Treasury Index Rate, as the case may be, is not quoted on an interest basis but is quoted on a discount basis, the Auction Agent shall convert the quoted rate to an `interest equivalent', or, if the rate obtained by the Auction Agent is not quoted on an interest or discount basis, the Auction Agent shall convert the quoted rate to an interest rate after consultation with the Fund as to the method of such conversion.

More Definitions of Treasury Index

Treasury Index. The applicable One-Year Constant Maturity Treasury Index as published by the Federal Reserve Board in the applicable Federal Reserve Board Statistical Release No. H.15. TRIGGER EVENT: Will be in effect on a Remittance Date for Pool II if the Sixty- Day Delinquency Ratio as of such Remittance Date exceeds 40% of the Pool Senior Specified Enhancement Percentage for Pool II. A "Trigger Event" will be in effect on a Remittance Date for Pool III if either (i) the Sixty-Day Delinquency Ratio with respect to Pool III Mortgage Loans as of such Remittance Date exceeds 50% of the Pool III Senior Enhancement Percentage; or (ii) both (A) either (x) the Weighted Average Five-Month Sixty-Day Delinquency Ratio with respect to Pool III Mortgage Loans as of such Remittance Date exceeds 9% or (y) the Cumulative Realized Losses for Pool III Mortgage Loans as of such Remittance Date exceed $24,000,000; and (B) either (x) the Weighted Average Five-Month Sixty-Day Delinquency Ratio with respect to Pool III Mortgage Loans as of such Remittance Date exceeds 15% or (y) the Cumulative Realized Losses for Pool III Mortgage Loans as of such Remittance Date exceed $8,000,000.

Treasury Index means the three (3) year Treasury Constant Maturities Rate, as published by the United States Federal Reserve in Statistical Release H.15(519) entitled “Selected Interest Rates” (i) on the Business Day two (2) days prior to the Closing Date, in the case of the initial funding made on the Closing Date, or (ii) on the Business Day two (2) days preceding the date of any subsequent advance under the Term A Loan, in the case of an advance made after the Closing Date, as applicable. If any such date is not a Business Day, then the quote shall be obtained on the Business Day immediately preceding such date. If the United States Treasury (a) quotes more than one such rate, then the highest of such quotes shall apply, or (b) ceases to quote such rate, then the Treasury Index shall be determined from such substitute financial reporting service or source as Lender in its reasonable discretion shall determine.

Treasury Index. The One-Year Constant Maturity Treasury Index as published by the Federal Reserve Board in the most recent edition of Federal Reserve Board Statistical Release No. H.15 (519) that is available 45 days before the related Interest Adjustment Date.

Treasury Index for purposes of this Section 2 means the yield calculated by the linear interpolation of the yields, as reported in Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading "U.S. Government Securities/Treasury Constant Maturities" for the week ending prior to the Anticipated Repayment Date, of U.S. Treasury constant maturities with maturity dates (one longer and one shorter) most nearly approximating ten (10) years after the Anticipated Repayment Date. (In the event Release H.I5 is no longer published, Lender shall select a comparable publication to determine the Treasury Rate.)

Treasury Index means the monthly average yield on United States Treasury securities, adjusted to a constant maturity equal to the Applicable Treasury Rate Period (as hereinafter defined), or, in the event the Treasury index is no longer available, the base, reference or other rate then designated by the Bank, in its sole discretion, for general commercial loan reference purposes, it being understood that such rate is a reference rate, not necessarily the lowest, established from time to time, which serves as the basis upon which effective interest rates are calculated for loans making reference thereto. The Applicable Treasury Rate Period is seven years.

Treasury Index means, for any Interest Period and Interest Payment Date, either (i) the weekly average yield on U.S. Treasury securities adjusted to a constant maturity of [one, three, five, seven or ten] years or (ii) the weekly auction average (investment) yield on three-month or six-month U.S. Treasury bills, in each case as determined by the Trustee in accordance with Section 3.04.].

Treasury Index means the Treasury Constant Maturity Series yields reported, for the latest day for which such yields shall have been so reported as of the applicable business day, in Federal Reserve statistical Release H.15 (519) (or any comparable successor publication) for actively traded U.S. Treasury securities having a constant maturity equal to ten (10) years. Such implied yield shall be determined, if necessary, by (i) converting U.S. Treasury ▇▇▇▇ quotations to bond-equivalent yields in accordance with accepted financial practice and (ii) interpolating linearly between reported yields.