Adjusted Term CORRA definition

Adjusted Term CORRA means, for purposes of any calculation, the rate per annum equal to (a) Term CORRA for such calculation plus (b) the Term CORRA Adjustment; provided that if Adjusted Term CORRA as so determined shall ever be less than the Floor, then Adjusted Term CORRA shall be deemed to be the Floor.
Sample 1Sample 2
Adjusted Term CORRA means, for purposes of any calculation, the rate per annum equal to (a) Term CORRA for such calculation plus (b) the Term CORRA Adjustment.
Sample 1Sample 2
Adjusted Term CORRA means, for purposes of any calculation, the rate per annum equal to (a) Term CORRA for such calculation plus (b) the CORRA Adjustment; provided that, if Adjusted Term CORRA as so determined for any day shall be less than the Floor, then Adjusted Term CORRA shall be deemed to be the Floor for such day.
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Examples of Adjusted Term CORRA in a sentence

  • The Loans comprising each Term CORRA Borrowing shall bear interest at Adjusted Term CORRA for the Interest Period in effect for such Borrowing plus the CORRA Margin.

  • The optional “Adjusted Daily Compounded CORRA” and “Adjusted Term CORRA” definitions allow parties to include a zero or nonzero spread adjustment based on their negotiations as part of the calculation of the benchmark Adjusted Daily Compounded CORRA or Adjusted Term CORRA, as applicable, which could allow usage of an Applicable Margin for Daily Compounded CORRA or Term CORRA referenced loans that is the same as for CDOR referenced loans.

  • In addition, in order to conform with the IBOR reform, Lantic will borrow at prime rate, SOFR Rate or under Adjusted Term CORRA loan (which is Term CORRA plus an adjustment varying between 29.547 to 32.138 basis points), plus 20 to 250 basis points, based on achieving certain financial ratios.

  • Each Lender agrees to notify the Canadian Agent and the Canadian Borrower in writing promptly upon becoming aware that it is no longer illegal for such Lender to determine or charge interest rates based upon Adjusted Term CORRA or Daily Compounded CORRA, as applicable.

  • The Agent and its affiliates or other related entities may engage in transactions that affect the calculation of the Prime Rate, Term CORRA, Daily Compounded CORRA, Adjusted Term CORRA, Adjusted Daily Compounded CORRA, any alternative, successor or replacement rate (including any Canadian Benchmark Replacement) or any relevant adjustments thereto, in each case, in a manner adverse to any Borrower.

  • Interest shall accrue and be payable on Term CORRA Advances, Daily Compounded CORRA Advances and SOFR Advances at the Adjusted Term CORRA, the Adjusted Daily Compounded CORRA and the Adjusted Term SOFR, respectively, plus the relevant Rate shown under "Other Advances" in that table.


More Definitions of Adjusted Term CORRA

Adjusted Term CORRA means (a) Term CORRA plus (b) (i) 0.29547% for a one-month Interest Period and (ii) 0.32138% for a three-month Interest Period.
Sample 1
Adjusted Term CORRA means, for purposes of any calculation, the higher of (a) the rate per annum equal to (i) Term CORRA for such calculation plus (ii) the “Term CORRA Adjustment” (to be agreed) and (b) the CORRA Floor.
Sample 1

Related to Adjusted Term CORRA

  • Adjusted Term SOFR means, for purposes of any calculation, the rate per annum equal to (a) Term SOFR for such calculation plus (b) the Term SOFR Adjustment; provided, that if Adjusted Term SOFR as so determined shall ever be less than the Floor, then Adjusted Term SOFR shall be deemed to be the Floor.

  • Adjusted Term SOFR Rate means, for any Interest Period, an interest rate per annum equal to (a) the Term SOFR Rate for such Interest Period, plus (b) 0.10%; provided that if the Adjusted Term SOFR Rate as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for the purposes of this Agreement.

  • Three-Month Term SOFR means the rate for Term SOFR for a tenor of three months that is published by the Term SOFR Administrator at the Reference Time for any interest period, as determined by the Calculation Agent after giving effect to the Three-Month Term SOFR Conventions. All percentages used in or resulting from any calculation of Three-Month Term SOFR shall be rounded, if necessary, to the nearest one-hundred-thousandth of a percentage point, with 0.000005% rounded up to 0.00001%.

  • Long-term contract means a contract with a duration period exceeding one year;

  • Fixed term employee means a person engaged for a specified term or for the duration of a specified task in accordance with section 37(3)(b) of the State Service Act 2000.

  • Long-term care means those activities taken by a host state after a compact facility is permanently closed to ensure the protection of air, land, and water resources and the health and safety of all people who may be affected by the compact facility.

  • Three-Month Term SOFR Conventions means any determination, decision or election with respect to any technical, administrative or operational matter (including with respect to the manner and timing of the publication of Three-Month Term SOFR, or changes to the definition of “Floating Interest Period”, timing and frequency of determining Three-Month Term SOFR with respect to each Floating Interest Period and making payments of interest, rounding of amounts or tenors, and other administrative matters) that the Company decides may be appropriate to reflect the use of Three-Month Term SOFR as the Benchmark in a manner substantially consistent with market practice (or, if the Company decides that adoption of any portion of such market practice is not administratively feasible or if the Company determines that no market practice for the use of Three-Month Term SOFR exists, in such other manner as the Company determines is reasonably necessary).

  • Long-term lease means a lease term of at least 27.5 years for a residential resource or at least 31.5 years for a nonresidential resource.

  • Initial Term Commitment means, as to each Term Lender, its obligation to make an Initial Term Loan to the Borrowers pursuant to Section 2.01(a) in an aggregate amount not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 (as in effect on the Closing Date) under the caption “Initial Term Commitment,” as such amount may be adjusted from time to time in accordance with this Agreement. The initial aggregate amount of the Initial Term Commitments is $350,000,000.

  • Long-Term Incentive Plan or “LTIP” means a plan providing compensation intended to motivate performance over a period greater than one financial year. LTIPs do not include option or SAR plans or plans for compensation through shares or units that are subject to restrictions on resale;

  • Adjusted community rate means the rating method used to

  • Term SOFR Adjustment means a percentage equal to 0.10% per annum.

  • Initial Term Loan shall have the meaning provided in Section 2.1(a).

  • own-source revenue means adjusted underlying revenue other than revenue that is not under the control of council (including government grants)

  • ABR Term SOFR Determination Day has the meaning specified in the definition of “Term SOFR”.

  • Annual Division of Revenue Act means the Act of Parliament, which must be enacted annually in terms of section 214 (1) of the Constitution;

  • Qualified long-term care services means services that meet the requirements of Section 7702(c)(1) of the Internal Revenue Code of 1986, as amended, as follows: necessary diagnostic, preventive, therapeutic, curative, treatment, mitigation and rehabilitative services, and maintenance or personal care services which are required by a chronically ill individual, and are provided pursuant to a plan of care prescribed by a licensed health care practitioner.