Examples of Yield Period in a sentence
If the Seller fails to select a new Discount Rate Option to apply to any Portion of Investment under any Term Rate Investment Option at the expiration of an existing Yield Period applicable to such Portion of Investment in accordance with the provisions of Section 1.12, the Seller shall be deemed to have continued such Portion of Investment as the Term Rate Investment Option then in effect commencing upon the last day of the existing Yield Period.
Each Yield Period for SOFR Rate Investments shall be a period of one (1) month.
In the case of SOFR Rate Investments denominated in Dollars, a rate per annum (computed on the basis of a year of 360 days and actual days elapsed) equal to the SOFR Rate as determined for each applicable Yield Period plus the SOFR Adjustment; provided, that if the SOFR Rate Option, determined as provided above, would be less than the Floor, then the SOFR Rate Option shall be deemed to be the Floor.
In the case of the renewal of a Term Rate Investment Option at the end of a Yield Period, the first day of the new Yield Period shall be the last day of the preceding Yield Period, without duplication in payment of discount for such day.