Adjusted Term XXXXX Rate definition

Adjusted Term XXXXX Rate for purposes of any calculation, the rate per annum equal to (a) Term XXXXX for such calculation, plus (b) 0.29547% for a one month interest period or 0.32138% for a three month interest period; provided that if Adjusted Term XXXXX 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.
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Adjusted Term XXXXX Rate means, with respect to any Term XXXXX Borrowing for any Interest Period, an interest rate per annum equal to (a) Term XXXXX for such Interest Period plus (b) (i) 0.29547%, in the case of an Interest Period of one month or (ii) 0.32138%, in the case of an Interest Period of three months; provided that if the Adjusted Term XXXXX Rate as so determined shall be less than zero, then the Adjusted Term XXXXX Rate shall be deemed to be zero.
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Adjusted Term XXXXX Rate means, for purposes of any calculation, the rate per annum equal to (i) the Term XXXXX Rate for such calculation plus (ii) the Applicable XXXXX Adjustment.
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Examples of Adjusted Term XXXXX Rate in a sentence

  • The Administrative Agent shall promptly notify the Borrowers and the Banks of each determination of a Eurocurrency Rate, Adjusted Term XXXXX Rate, Adjusted Term SOFR Rate, Adjusted Daily Simple SOFR, Adjusted Daily Simple XXXXX and/or Adjusted Daily Simple XXXXX.

  • Any change in the interest rate on a Loan resulting from a change in the Base Rate or, the Canadian Prime Rate, the Adjusted Term SOFR Rate, the Adjusted Term XXXXX Rate or Daily Simple XXXXX, shall become effective as of the opening of business on the day on which such change becomes effective.

  • The applicable Alternate Base Rate, Adjusted Term SOFR Rate, Daily Simple RFR, Adjusted Term XXXXX Rate or EURIBO Rate shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error.

  • The applicable Alternate Base Rate, Adjusted Term SOFR Rate, Term SOFR Rate, Adjusted EURIBO Rate, EURIBO Rate, CDOR Adjusted Term XXXXX Rate, Term XXXXX, Adjusted Daily Simple RFR or Daily Simple RFR shall be determined by the Administrative Agent, and such determination shall be conclusive and binding absent manifest error.


More Definitions of Adjusted Term XXXXX Rate

Adjusted Term XXXXX Rate means, with respect to any Term Benchmark Borrowing denominated in Canadian Dollars, an interest rate per annum equal to (a) Term XXXXX for such Interest Period plus (b) the Term XXXXX Adjustment; provided that, if such rate shall be less than zero, then the Adjusted Term XXXXX Rate shall be deemed to be zero for purposes of this Agreement and the other Loan Documents.
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Related to Adjusted Term XXXXX Rate

  • 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.

  • 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.

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

  • Adjusted EURIBO Rate means, with respect to any EURIBOR Borrowing for any Interest Period, an interest rate per annum equal to the sum of (a) the EURIBO Rate for such Interest Period and (b) the Mandatory Costs Rate.

  • Base Year Value means the assessed value of eligible property January 1 preceding the execution of the agreement plus the agreed upon value of eligible property improvements made after January 1 but before the execution of the agreement.

  • Adjusted community rate means the rating method used to

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

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

  • Term SOFR Rate means, with respect to any Term Benchmark Borrowing and for any tenor comparable to the applicable Interest Period, the Term SOFR Reference Rate at approximately 5:00 a.m., Chicago time, two U.S. Government Securities Business Days prior to the commencement of such tenor comparable to the applicable Interest Period, as such rate is published by the CME Term SOFR Administrator.

  • Adjusted Net Income ’ means net income adjusted for non-cash expenses (income) such as amortization of intangible assets, deferred income taxes, and certain other expenses (income). The Company believes that Adjusted net income is useful supplemental information as it provides an indication of the results generated by the Company’s main business activities prior to taking into consideration amortization of intangible assets, deferred income taxes, and certain other non-cash expenses (income) incurred or recognized by the Company from time to time. ‘‘Adjusted net income margin’’ refers to the percentage that Adjusted net income for any period represents as a portion of total revenue for that period.