Applicable Floating Rate means, for any day, the sum of LIBOR plus the Spread; provided that if Calculation Agent determines (which determination shall be conclusive absent manifest error) that adequate and reasonable means do not exist for ascertaining LIBOR for the Compounding Period including such day, “Applicable Floating Rate” for such day means Base Rate plus the Spread for such day.
Applicable Floating Rate means, with respect to Loans denominated in Euro, the EURIBO Rate, and with respect to Loans denominated in Dollars, the LIBO Rate.
Applicable Floating Rate. The Base Rate, Canadian Base Rate, Euro Base Rate or Australian Base Rate, as the context requires.
Examples of Applicable Floating Rate in a sentence
ISDA Determination: [Applicable/Not Applicable] Floating Rate Option: [●]Designated Maturity: [●]Reset Date: [●]( In the case of a LIBOR or EURIBOR based option, the first day of the Interest Period.
ISDA Determination: [Applicable/Not Applicable]- Floating Rate Option: [ ]- Designated Maturity: [ ]- Reset Date: [ ] (In the case of a LIBOR or EURIBOR based option, the first day of the Interest Period) [(x)] [Linear Interpolation: Not Applicable/Applicable – the Rate of Interestfor the [long/short] [first/last] Interest Period shall be calculated using Linear Interpolation (specify for each short or long interest period)] [(xi)] Margin(s): [+/—][ ] per cent.
The Applicable Floating Rate Margin following a Listing Failure Event and/or a Tap Step- Up Event shall apply from but excluding the first Interest Payment Date occurring immediately prior to the Listing Failure Event and/or the Tap Step-Up Event (as applicable).
Fees in respect of Letters of Credit shall be paid as specified in Section 3.8. ( D) Interest and Fee Basis; Applicable Eurocurrency Margin, Applicable Floating Rate Margin, Applicable L/C Fee Percentage and Applicable Commitment Fee Percentage.
The PDA is based on assumptions that project activities will take place within designated buffers (50 - 500m) of proposed areas.
More Definitions of Applicable Floating Rate
Applicable Floating Rate for such day means Base Rate plus the Spread for such day.
Applicable Floating Rate means, as of any date, (a) the One-Month LIBOR Rate on such day multiplied by the Statutory Reserve Rate plus (b) 1.00%, where "Statutory Reserve Rate" means a fraction (expressed as a decimal), the numerator of which is the number one and the denominator of which is the number one minus the aggregate of the maximum reserve percentages (including any marginal, special, emergency or supplemental reserves) expressed as a decimal established by the Board of Governors of the Federal Reserve System with respect to the One-Month LIBOR Rate for Eurocurrency funding (currently referred to as "Eurocurrencies Liabilities" in Regulation D of the Board of Governors of the Federal Reserve System), including those reserve percentages imposed pursuant to Regulation D, adjusted automatically and as of the effective date of any change in any reserve percentage.
Applicable Floating Rate means, for each semi-annual period during which any Floating Rate Security is outstanding subsequent to the initial semi-annual period, 800 basis points over the rate determined by the Company (notice of such rate to be sent to the Trustee by the company on the date of determination thereof), equal to the British Bankers' Association LIBOR rate for deposits in U.S. dollars for a period of six months as reported by any generally recognized financial information service as of 11:00 A.M. (London time) two Business Days immediately prior to the first day of such semi-annual period; provided, however, that, if no British Bankers' Association LIBOR rate is available to the Company, the Applicable Floating Rate for the relevant semi-annual period shall instead by at the rate at which X.X. Xxxxxx Securities Ltd. or one of its affiliate banks offers to place deposits in U.S. dollars with first-class banks in the London interbank market for a period of six months at approximately 11:00 a.m. (London time) two Business Days immediately prior to the first day of such semi-annual period, in amounts equal to $1,000,000. The semi-annual periods referred to in this definition shall commence on March 1 and September 1 of each year; provided, however, that the Applicable Floating Rate for the initial semi-annual period commencing upon original issuance of the Floating Rate Securities shall be 9.15%. The interest rate on the Floating Rate Securities will in no event be higher than the maximum rate permitted by New York law as the same may be modified by U.S. law of general application.
Applicable Floating Rate means (a) the Adjusted LIBOR Rate or (b) Adjusted Alternate Base Rate, as selected by the Issuer for an Interest Period. The Issuer shall be deemed to have selected the Adjusted LIBOR Rate for each Interest Period, unless the Issuer gives notice to the holders of the Notes, on or prior to the second Business Day preceding such Interest Period, that either (i) the Issuer selects the Adjusted Alternate Base Rate or (ii) the Adjusted Alternate Base Rate must be utilized because adequate and reasonable means do not exist for determining the Adjusted LIBOR Rate.
Applicable Floating Rate means, as of any date, the One-Month Eurodollar Rate on such day multiplied by the Statutory Reserve Rate, where “Statutory Reserve Rate” means a fraction (expressed as a decimal), the numerator of which is the number one and the denominator of which is the number one minus the aggregate of the maximum reserve percentages (including any marginal, special, emergency or supplemental reserves) expressed as a decimal established by the Board of Governors of the Federal Reserve System with respect to the One-Month Eurodollar Rate for Eurocurrency funding (currently referred to as “Eurocurrencies Liabilities” in Regulation D of the Board of Governors of the Federal Reserve System), including those reserve percentages imposed pursuant to Regulation D, adjusted automatically and as of the effective date of any change in any reserve percentage.
Applicable Floating Rate means (a) the Adjusted LIBOR Rate or (b) Adjusted Alternate Base Rate, as selected by the Issuer for an Interest Period. The Issuer shall be deemed to have selected the Adjusted LIBOR Rate for each Interest Period, unless the Issuer gives notice to the holders of the Series 2008-D Notes, on or prior to the second Business Day preceding such Interest Period, that either (i) the Issuer selects the Adjusted Alternate Base Rate or (ii) the Adjusted Alternate Base Rate must be utilized because adequate and reasonable means do not exist for determining the Adjusted LIBOR Rate.
Applicable Floating Rate means, as of any date, (a) the One-Month LIBOR Rate on such day multiplied by the Statutory Reserve Rate plus (b) 1.00%. “Statutory Reserve Rate” means a fraction (expressed as a decimal), the numerator of which is the number one and the denominator of which is the number one minus the aggregate of the maximum reserve percentages (including any marginal, special, emergency or supplemental reserves) expressed as a decimal established by the Board of Governors of the Federal Reserve System with respect to the One-Month LIBOR Rate for Eurocurrency funding (currently referred to as “Eurocurrencies Liabilities” in Regulation D of the Board of Governors of the Federal Reserve System), including those reserve percentages imposed pursuant to Regulation D, adjusted automatically and as of the effective date of any change in any reserve percentage.