Additional Business Days. An RFR Banking Day.
Additional Business Days. An RFR Banking Day. Break Costs: None specified. Business Day Conventions (definition of “Month” and Clause 9.2 (Non-Business Days)): (a) If any period is expressed to accrue by reference to a Month or any number of Months then, in respect of the last Month of that period:
Additional Business Days. An RFR Banking Day. Applicable Rate Floor: Zero.
Examples of Additional Business Days in a sentence
Furthermore, Additional Business Days may be specified in the Constituting Instrument.
In this paragraph, “Business Day” means a day (other than a Saturday or a Sunday) on which banks and foreign exchange markets are open for general business and carrying out transactions in London, the relevant currency in the relevant place of presentation and in the place where payment is to be made and in the cities referred to in the definition of Additional Business Days set out in the applicable Constituting Instrument and in the case of a payment in euro a day on which TARGET is open.
Additional Business Days may be created by the Directors and notified to Shareholders in advance.
Two Additional Business Days before the first day of the relevant Interest Period (unless market practice differs in the relevant syndicated loan market, in which case the Quotation Day will be determined by the Agent in accordance with that market practice (and if quotations would normally be given on more than one day, the Quotation Day will be the last of those days)).
Periods capable of selection as Interest Periods (paragraph (b) of Clause 11.1 (Selection of Interest Periods)): Three Months Additional Business Days: An RFR Banking Day Break Costs: None specified.
More Definitions of Additional Business Days
Additional Business Days. An RFR Banking Day. Break Costs: Any cost or amount which is incurred or suffered by the Lender (as reasonably determined by the Lender) to the extent that it is attributable to (1) a payment by the Borrowers to the Lender of any amount of principal due or which would have become due under this Agreement prior to the date upon which such amount should have been repaid in accordance with the terms and conditions of this Agreement or (2) failure by the Borrowers to utilise an amount under this Agreement following the delivery by the Borrowers to the Lender of a Utilisation Request which corresponds to all of part of such unutilised amount. Business Day Conventions (definition of “Month” and Clause 9.3 (Non-Business Days)): (a) If any period is expressed to accrue by reference to a Month or any number of Months then, in respect of the last Month of that period:
Additional Business Days. An RFR Banking Day. Break Costs: Any documented cost or amount which is incurred or suffered by a Lender (as reasonably determined by that Lender) to the extent that it is attributable to a payment by the Borrowers to the Agent of any amount of principal due or which would have become due under this Agreement prior to the date upon which such amount should have been repaid in accordance with the terms and conditions of this Agreement. Business Day Conventions (definition of “Month” and Paragraph 3.2 (Non-Business Days)) of Part A (Risk-Free Rate Operative Provisions) of this Schedule: (a) If any period is expressed to accrue by reference to a Month or any number of Months then, in respect of the last Month of that period:
Additional Business Days. Any day other than: (a) a Saturday or a Sunday; and (b) a day on which the Securities Industry and Financial Markets Association (or any successor organisation) recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in US Government securities.
Additional Business Days. An RFR Banking Day. Break Costs: Not applicable. Central Bank Rate: The Bank of England's Bank Rate as published by the Bank of England from time to time.
Additional Business Days. An RFR Banking Day. Break Costs: Not applicable. Credit Adjustment Spread: The credit adjustment spread specified below for a tenor of the same length as the relevant Interest Period of the relevant Compounded Rate Advance, or (if a corresponding tenor is not specified) the next highest tenor or, in any case, such other credit adjustment spread as may be agreed between the Facility Agent (acting on the instructions of all of the Lenders) and the Parent. Tenor Applicable Credit Adjustment Spread (%) 1 Month -0.02923 2 Months -0.00449 3 Months 0.00835 6 Months 0.05809 Daily Rate: The "Daily Rate" for any RFR Banking Day is: (a) the RFR for that RFR Banking Day; or (b) if the RFR for that RFR Banking Day is not available, the Historic RFR for that RFR Banking Day, rounded, in either case, to four decimal places and if, in either case, the aggregate of that rate and the applicable Credit Adjustment Spread is less than zero, the Daily Rate shall be deemed to be such a rate that the aggregate of the Daily Rate and the applicable Credit Adjustment Spread is zero. Lookback Period: Five RFR Banking Days. Market Disruption: Relevant Market: Not applicable. The Japanese yen uncollateralised overnight call market.
Additional Business Days. An RFR Banking Day. Break Costs: Not applicable. Central Bank Rate: The rate for the marginal lending facility of the European Central Bank, as published by the European Central Bank from time to time. Central Bank Rate Adjustment: In relation to the Central Bank Rate prevailing at close of business on any RFR Banking Day, the mean (calculated by the Facility Agent, or by any other Finance Party which agrees to do so in place of the Facility Agent) of the Central Bank Rate Spreads for the five most immediately preceding RFR Banking Days for which the RFR was available, excluding the days with the highest (or, if there is more than one highest spread, only one of those highest spreads) and lowest (or, if there is more than one lowest spread, only one of those lowest spreads) spreads to the Central Bank Rate. Central Bank Rate Spread: In relation to any RFR Banking Day, the difference (expressed as a percentage rate per annum) calculated by the Facility Agent (or by any other Finance Party which agreed to do so in place of the Facility Agent) between: (a) the RFR for that RFR Banking Day; and (b) the Central Bank Rate prevailing at the close of business on that RFR Banking Day. Credit Adjustment Spread: A spread adjustment selected by the Facility Agent (acting on behalf of all the Lenders), in each case, acting reasonably, after giving due consideration to (i) any replacement rate and/or spread adjustment or method for determining such replacement rate or spread adjustment, that is identified as such by any relevant regulatory supervisor and/or (ii) any evolving or then-prevailing market convention for determining a rate of interest and spread adjustment as a replacement to any current base rate as applicable, for credit facilities that are denominated in the relevant currency at such time, with such spread adjustment being notified to, and approved by, the Parent (acting reasonably).
Additional Business Days. An RFR Banking Day. Applicable Rate Floor: Zero. Credit Adjustment Spread: 0.10 per cent. per annum. Break Costs: None specified. Business Day Conventions (definition of “Month” and Clause 11.3 (Non-Business Days)): (a) If any period is expressed to accrue by reference to a Month or any number of Months then, in respect of the last Month of that period: (i) subject to paragraph (iii) below, if the numerically corresponding day is not a Business Day, that period shall end on the next Business Day in that calendar month in which that period is to end if there is one, or if there is not, on the immediately preceding Business Day;