Adjusted Cumulative Compounded XXXXX definition

Adjusted Cumulative Compounded XXXXX means for any Interest Accrual Period, with respect to any GBP Advance (or portion thereof), the rate per annum (carried out to the fourth decimal place) equal to the rate determined by the Administrative Agent to be the Cumulative Compounded XXXXX Xxxx as of the XXXXX Reporting Day.
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Adjusted Cumulative Compounded XXXXX means for any Interest Accrual Period, with respect to any GBP Advance (or portion thereof), the rate per annum (carried out to the fifth decimal place) equal to the rate determined by the Administrative Agent to be the Cumulative Compounded XXXXX Xxxx as of the XXXXX Reporting Day. If the calculation of Adjusted Cumulative Compounded XXXXX results in a rate of less than zero, Adjusted Cumulative Compounded XXXXX shall be deemed to be zero for all purposes hereunder. “Adjusted Principal Balance” means, for any Eligible Collateral Loan, as of any date of determination, an amount equal to the Loan Value of such Eligible Collateral Loan as of such date multiplied by the Principal Balance of such Eligible Collateral Loan as of such date; provided that, the parties hereby agree that the Adjusted Principal Balance of any Ineligible Collateral Loan as of such date of determination shall be zero. “Administrative Agent” has the meaning assigned to such term in the introduction to this Agreement. “Administrative Expense Cap” means, for any Payment Date, an amount not to exceed $250,000 for any twelve (12) month period (other than fees and expenses incurred on or prior to the Closing Date). “Administrative Expenses” means the fees and expenses (including indemnities) and other amounts of the Borrower (or any Tax Blocker Subsidiary) due or accrued with respect to any Payment Date and payable in the following order: (a) first, on a pro rata basis, to the Collateral Agent (including in its capacity as Initial Reporting Agent hereunder), the Custodian and the Securities Intermediary, any amounts and indemnities payable to such entities pursuant to the Facility Documents; (b) second, on a pro rata basis, to: (i) the Independent Accountants, agents (other than the Servicer) and outside counsel of the Borrower for fees and expenses related to the Collateral and the Facility Documents and to the Independent Manager of the Borrower for its fees and expenses incurred in acting in such capacity; and -3- (ii) to any rating agency for fees and expenses in connection with the rating of (or provision of credit estimates in respect of) any Collateral Loan; and (c) third, on a pro rata basis, in respect of any costs and expenses of any Person incurred in connection with the Transparency and Reporting Requirements (including the appointment of further Reporting Agents (including Findox) from time to time). “Advance” means each loan advanced by the Lenders to the Borrower on a Borrowin...
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Adjusted Cumulative Compounded XXXXX means for any Interest Accrual Period, with respect to any GBP Advance (or portion thereof), the rate per annum (carried out to the fifth decimal place) equal to the rate determined by the Administrative Agent to be the sum of (x) the Cumulative Compounded XXXXX Rate as of the XXXXX Reporting Day and (y) the Baseline CAS. If the calculation of Adjusted Cumulative Compounded XXXXX results in a rate of less than zero (0), Adjusted Cumulative Compounded XXXXX shall be deemed to be zero (0) for all purposes hereunder.
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Examples of Adjusted Cumulative Compounded XXXXX in a sentence

  • Subject to Section 2.18(g), thereafter, the obligation of the Lenders to make or maintain Advances based upon the Applicable Index (other than Adjusted Cumulative Compounded XXXXX) will be suspended until the Administrative Agent (upon the instruction of the Majority Lenders) revokes such notice.

  • Thereafter, the obligation of the Lenders to make or maintain Advances based upon the Applicable Index (other than Adjusted Cumulative Compounded XXXXX) will be suspended until the Administrative Agent (upon the instruction of the Required Lenders) revokes such notice; provided that new Dollar Advances and Non-Dollar Advances may be made at, and existing Dollar Advances and Non-Dollar Advances would be maintained and converted to bear interest at, the Base Rate.

Related to Adjusted Cumulative Compounded XXXXX

  • SOFR Compounded Index means the Compounded SOFR rate as published at 15:00 (New York time) by Federal Reserve Bank of New York (or a successor administrator of SOFR) on the website of the Federal Reserve Bank of New York, or any successor source; and

  • SONIA Compounded Index means the index known as the SONIA Compounded Index administered by the Bank of England (or any successor administrator thereof);

  • Compounded Daily €STR means, with respect to any Interest Period, the rate of return of a daily compound interest investment (with the daily euro short-term rate as reference rate for the calculation of interest) as calculated by the Calculation Agent as at the relevant Interest Determination Date in accordance with the following formula (and the resulting percentage will be rounded if necessary to the nearest fifth decimal place, with 0.000005 being rounded upwards):

  • SONIA Compounded IndexEnd means the SONIA Compounded Index Value on the date falling “p” London Business Days prior to (i) in respect of an Interest Accrual Period, the Interest Payment Date for such Interest Accrual Period, or (ii) if the Notes become due and payable prior to the end of an Interest Accrual Period, the date on which the Notes become so due and payable; and

  • Reference Year shall have the meaning given it in the Summary.

  • SONIA Compounded IndexStart means, with respect to an Interest Accrual Period, the SONIA Compounded Index determined in relation to the day falling the Relevant Number of London Banking Days prior to the first day of such Interest Accrual Period; and

  • Applicable Measurement Period means the most recently completed four consecutive fiscal quarters of the Issuer immediately preceding the Applicable Calculation Date for which internal financial statements are available.

  • Baseline Period means the period used to determine the baseline emission rate for each regulated pollutant under OAR 340 division 222.

  • Compounded SOFR means the compounded average of SOFRs for the applicable Corresponding Tenor, with the rate, or methodology for this rate, and conventions for this rate (which may include compounding in arrears with a lookback and/or suspension period as a mechanism to determine the interest amount payable prior to the end of each Interest Period) being established by the Administrative Agent in accordance with:

  • Subsequent Reset Period means the period from (and including) the Second Reset Date to (but excluding) the next Subsequent Reset Date, and each successive period from (and including) a Subsequent Reset Date to (but excluding) the next succeeding Subsequent Reset Date; and

  • Compounded Daily SONIA means, with respect to an Interest Accrual Period, the rate of return of a daily compound interest investment (with the daily SONIA reference rate as reference rate for the calculation of interest) and will be calculated by the Calculation Agent (or such other party responsible for the calculation of the interest rate, as specified in the applicable Pricing Supplement) on the relevant Interest Determination Date, as follows, and the resulting percentage will be rounded if necessary to the fourth decimal place, with 0.00005 per cent being rounded upwards:

  • Compounded Daily SOFR means, in relation to a Floating Rate Interest Period, the rate of return of a daily compound interest investment (with SOFR as reference rate for the calculation of interest) during the related Observation Period and will be calculated by the Calculation Agent on the related Interest Determination Date as follows: Where:

  • Measurement Period shall have the meaning specified in Section 14.01(b)(i).