Variable Yield Issue definition

Variable Yield Issue means any Issue that is not a Fixed Yield Issue.
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Variable Yield Issue means any issue that is not a Fixed Yield Issue.
Sample 1Sample 2Sample 3
Variable Yield Issue means the Bonds during any period that they are not a Fixed Yield Issue.
Sample 1

Examples of Variable Yield Issue in a sentence

  • If, when the Bonds are Variable Yield Issue, some of the Bonds are Fixed Yield Bonds, the Bond Yield shall be computed pursuant to this Section 8.3(f); however, the special rules set forth in Section 8.3(g)(iii) for certain Fixed Yield Bonds shall apply to determine Bond payments and Bond prices in respect of such Bonds in a Computation Period.

  • When the Bonds are a Variable Yield Issue, the Bond Yield is computed separately for each Computation Period and means the Yield that produces, as of the first day of the Computation Period, a Present Value of all payments made on the Bonds attributable to the Computation Period equal to the Present Value of all prices received for the Bonds during such period.

Related to Variable Yield Issue

  • Index Linked Note means an Index Linked Interest Note and/or an Index Linked Redemption Note.

  • Variable Interest Rate means any interest rate that does not qualify as a fixed credit interest rate;

  • Fixed Rate Period shall have the meaning in the form of Security set forth in Section 2.1.

  • Canada Yield Price means a price equal to the price of the Notes (or the portion thereof to be redeemed) calculated to provide a yield to maturity equal to the sum of the Government of Canada Yield calculated at 10:00 a.m. (Toronto time) on the third Business Day preceding the redemption date plus the Applicable Spread;

  • Fixed Rate means, with respect to any Competitive Loan (other than a Eurodollar Competitive Loan), the fixed rate of interest per annum specified by the Lender making such Competitive Loan in its related Competitive Bid.

  • Variable Rate Bonds means Current Interest Bonds, which may be either Serial Bonds or Term Bonds, issued with a variable, adjustable, convertible or other similar interest rate which is not fixed in percentage for the entire term thereof at the date of issue, which Bonds may also be Option Bonds. Section 102.Rules of Construction. Words of the masculine gender shall be deemed and construed to include correlative words of the feminine and neuter genders. Unless the context shall otherwise indicate, the words "Bond," "Escrow Agent," "Owner," "person," "Paying Agent," and "Bond Registrar" shall include the plural as well as the singular number and the word "person" shall mean any individual, corporation partnership, joint venture, association, joint stock company, trust, unincorporated organization or government or any agency or political subdivision thereof. All references to applicable provisions of Law shall be deemed to include any and all amendments thereto.

  • Effective Yield means, as to any Indebtedness, the effective yield on such Indebtedness in the reasonable determination of the Administrative Agent in consultation with the Borrower and consistent with generally accepted financial practices, taking into account the applicable interest rate margins, any interest rate floors (the effect of which floors shall be determined in a manner set forth in the proviso below), or similar devices and all fees, including upfront or similar fees or original issue discount (amortized over the shorter of (i) the remaining weighted average life to maturity of such Indebtedness and (ii) the four years following the date of incurrence thereof) payable generally to Lenders or other institutions providing such Indebtedness in connection with the initial primary syndication thereof, but excluding any arrangement, structuring, ticking, or other similar fees payable in connection therewith that are not generally shared with the relevant Lenders and, if applicable, consent fees for an amendment paid generally to consenting Lenders; provided that with respect to any Indebtedness that includes a “LIBOR floor” or “ABR floor,” (a) to the extent that the Adjusted LIBOR Rate (with an Interest Period of three months) or ABR (without giving effect to any floors in such definitions), as applicable, on the date that the Effective Yield is being calculated is less than such floor, the amount of such difference shall be deemed added to the interest rate margin for such Indebtedness for the purpose of calculating the Effective Yield and (b) to the extent that the Adjusted LIBOR Rate (with an Interest Period of three months) or ABR (without giving effect to any floors in such definitions), as applicable, on the date that the Effective Yield is being calculated is greater than such floor, then the floor shall be disregarded in calculating the Effective Yield.

  • Pricing Level refers to the determination of which of Level I, Level II, Level III, Level IV, Level V or Level VI applies at any date.