Applicable Index definition

Applicable Index means, with respect to (a) Dollar Advances, Xxxx XXXX, (b) with respect to GBP Advances, Adjusted Cumulative Compounded XXXXX, (c) with respect to Euro Advances, XXXXXXX, (d) with respect to CAD Advances, CDOR, and (e) with respect to AUD Advances, BBSW, or, in each case, any other successor index pursuant to the terms of this Agreement.

Applicable Index means “USISSO01 Index,” “USISSO02 Index,” “USISSO05 Index,” “USISSO10 Index,” “USISSO20 Index,” “USISSO30 Index,” and/or any other designation specified in the applicable supplement to be an “Applicable Index.”

Applicable Index means with respect to each Class of Notes (other than the Class A-IO Notes), One-Month LIBOR; provided, however, with respect to the initial Interest Period, the Applicable Index shall be determined by the following formula: X + 6/30 * (Y-X) Where: X = Two-Month LIBOR, and Y = Three-Month LIBOR, in each case, as of the second Business Day before the start of the initial Interest Period.

Examples of Applicable Index in a sentence

• To the extent that any payment is not made when due, all accrued and unpaid amounts shall bear interest at a rate equal to One-Month LIBOR plus 1.50%, which will be reset in the same manner as the Applicable Index for the Class A Notes under the Indenture.

• 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.

• Such notice, if given, shall set forth the affected Transactions, the floating rate index selected by Purchaser that Purchaser intends to use as an alternative to the Applicable Index for Seller and similarly situated counterparties covered by the same group within Purchaser (the “Alternative Rate”).

• If at any time either a Shipper or Gatherer, in good faith, believes that the Applicable Index Price for a System is not indicative of the prices received by Shippers for Shippers’ Gas sold at the Delivery Points on such System, or if any such Applicable Index Price ceases to be published or the specific postings relative to such System are no longer published, then the Shipper or Gatherer shall propose a replacement Applicable Index Price subject to Shipper Supermajority Approval.

• Thereafter, the obligation of the Lenders to make or maintain Advances based upon the Applicable Index shall be suspended until the Administrative Agent (upon the instruction of the Majority Lenders) revokes such notice; provided that new Dollar Advances may be made at, and existing Dollar Advances would be maintained and converted to bear interest at, the Base Rate.

More Definitions of Applicable Index

Applicable Index means, (i) with respect to Broadly Syndicated Loan Assets, the S&P/LSTA U.S. Leveraged Loan 100 Index, and (ii) with respect to Middle Market Loan Assets, the S&P/LSTA Middle Market Leveraged Loan Index; or, if either such index is unavailable, such other recognized metric or determination method proposed by the Administrative Agent and consented to by the Servicer (such consent not to be unreasonably withheld).

Applicable Index means, (a) with respect to a LIBOR Transaction, LIBOR and (b) with respect to an Alternative Rate Transaction, the Alternative Rate.

Applicable Index for the Performance Period means the applicable index or the comparison group of peer companies selected by the Committee.

Applicable Index means with respect to each Class of Notes (other than the Class A-IO Notes), One-Month LIBOR; provided, however, with respect to the initial Interest Period, the Applicable Index shall be determined by the following formula: Where: X = Two-Month LIBOR, and Y = Three-Month LIBOR, in each case, as of the second Business Day before the start of the initial Interest Period.

Applicable Index means, with respect to (a) Dollar Advances, Term SOFR, (b) with respect to GBP Advances, Adjusted Cumulative Compounded SONIA, (c) with respect to Euro Advances, EURIBOR, (d) with respect to CAD Advances, CDOR, and (e) with respect to AUD Advances, BBSW, or, in each case, any other successor index pursuant to the terms of this Agreement.

Applicable Index means, the Term SOFR Reference Rate or any other successor index pursuant to the terms of this Agreement.

Applicable Index shall have the meaning set forth in the Fee Letter.