Discounted Present Value

Discounted Present Value. Of any Senior Note subject to redemption shall be equal to the discounted present value of all principal and interest payments scheduled to become due in respect of such Senior Note after the Redemption Date, calculated using a discount rate equal to the sum of (1) the yield to maturity on the United States treasury security having a maturity date equal to the Maturity Date of such Senior Note and trading in the secondary market at the price closest to par and (2) 25 basis points; provided,... however, that if there is no United States treasury security having a maturity date equal to the Maturity Date of such Senior Note, such discount rate shall be calculated using a yield to maturity interpolated or extrapolated on a straight-line basis (rounding to the nearest month, if necessary) from the yields to maturity for the two United States treasury securities having maturity dates most closely corresponding to the Maturity Date of such Senior Note and trading in the secondary market at the price closest to par. View More