Adjusted Swap Rate means the bid-side quote for U.S. dollar interest rate swaps, plus 50 basis points, as shown on Bloomberg page IRSB as of the close of business on the date as of which the determination is to be made for swaps with a maturity closest to the average life of the payments being discounted.
Adjusted Swap Rate means, at any time that a Swap Agreement between the Borrower and the Bank is in effect, the rate of interest payable under
Adjusted Swap Rate means, (i) in respect of any interest rate swap, forward swap or swaption, the sum of the fixed rate payable by Debtor thereunder plus the Credit Spread, and (ii) in respect of any interest rate cap or collar transaction, the sum of the cap rate under such transaction plus the Credit Spread.
Examples of Adjusted Swap Rate in a sentence
For purposes of this Section 3.2, correlative adjustments shall be (i) taken into account at the earliest time under applicable federal Income Tax Law as in effect on the date such calculation is made, (ii) determined by assuming that no sale or other dispositions of assets shall be treated as occurring except for those sales and dispositions that have already occurred before the time that the calculation is made, and (iii) computed on a present value basis using 60% of the Adjusted Swap Rate.
More Definitions of Adjusted Swap Rate
Adjusted Swap Rate means, at any time that a Swap Agreement between the Borrower and the Bank is in effect, the rate of interest payable under such Swap Agreement at such time by the Bank plus one and three quarters percent (1.75%).