Applicable Pricing Rate. With respect to any date of determination, the greater of (i) One-Month LIBOR, and (ii) the LIBOR Floor. It is understood that the Applicable Pricing Rate shall be adjusted on a daily basis.
Applicable Pricing Rate. With respect to any date of determination, the daily rate per annum (rounded up to three (3) decimal places) for one-month U.S. dollar denominated deposits as offered to prime banks in the London interbank market (“One-Month LIBOR”) as published on Bloomberg or in the Wall Street Journal. It is understood that the Applicable Pricing Rate shall be initially set to the then current One-Month LIBOR in effect on the date the Purchase Price is paid and shall thereafter be adjusted on a daily basis to the then current One-Month LIBOR.
Applicable Pricing Rate. With respect to any date of determination, the greater of (a) the SOFR Rate, and (b) the SOFR Floor; provided, that if an Applicable Pricing Rate Transition Event and its related Applicable Pricing Rate Replacement Date have occurred prior to the Reference Time in respect of any determination of the Applicable Pricing Rate on any date, then, pursuant to Section 4.6 hereof, the Applicable Pricing Rate Replacement will replace the then-current Applicable Pricing Rate for all purposes hereunder in respect of such determination on such date and all determinations on all subsequent dates; provided, further that if the Applicable Pricing Rate as determined would be less than the SOFR Floor for any calculation period under the Agreement, the Applicable Pricing Rate will be the SOFR Floor for such period.
Examples of Applicable Pricing Rate in a sentence
The Borrower shall pay interest on each CDOR Rate Loan owing by it during each Interest Period applicable thereto in Canadian Dollars at a rate per annum equal to the CDOR Rate with respect to such Interest Period plus the Applicable Pricing Rate.
The Borrower shall pay interest on each Canadian Prime Rate Loan owing by it during each Interest Period applicable thereto in Canadian Dollars at a rate per annum equal to the Canadian Prime Rate in effect from time to time during such Interest Period plus the Applicable Pricing Rate.
The Borrower shall pay interest on each U.S. Base Rate Loan owing by it during each Interest Period applicable thereto in United States Dollars at a rate per annum equal to the U.S. Base Rate in effect from time to time during such Interest Period plus the Applicable Pricing Rate.
Whenever any payment to be made hereunder shall be stated to be due on a day that is not a Business Day, the due date thereof shall be extended to the next succeeding Business Day, and with respect to payments of the Purchase Price, the price differential thereon shall be payable at the Applicable Pricing Rate during such extension.
The Borrower shall pay interest on each Libor Loan owing by it during each Interest Period applicable thereto in United States Dollars at a rate per annum, calculated on the basis of a 360 day year, equal to the Libor Rate with respect to such Interest Period plus the Applicable Pricing Rate.
More Definitions of Applicable Pricing Rate
Applicable Pricing Rate means 100 basis points per annum.
Applicable Pricing Rate means 115 basis points per annum.
Applicable Pricing Rate. With respect to any date of determination, the Benchmark;
Applicable Pricing Rate. With respect to any date of determination, the greater of (i) the Term SOFR or any Successor Rate and (ii) 0%. It is understood that the Applicable Pricing Rate shall be adjusted on a daily basis.
Applicable Pricing Rate. With respect to any date of determination, the greater of (i) One-Month LIBOR, and (ii) the LIBOR Floor. It is understood that the Applicable Pricing Rate shall be adjusted on a daily basis. Application: The application or “Buyer Application Profile,” including all supporting documentation, submitted by Seller to Buyer with respect to this Agreement.
Applicable Pricing Rate as regards any Loan or the standby fees payable in accordance with Section 5.10, means, when and for so long as the unsecured, unsubordinated long term debt of Nexen is rated one of the following or is unrated (as the case may be) by a Designated Rating Agency, the percentage rate per annum set forth opposite such rating or indication in the column applicable to the type of Loan in question or such standby fee: ----------------------------------------------------------------------------------------------------------- MARGIN ON CANADIAN MARGIN ON LIBOR AND PRIME RATE LOANS, GBP LIBOR LOANS, U.S. BASE RATE LOANS, ACCEPTANCE FEES FOR U.S. PRIME RATE BANKERS' LOANS, GBP CALL RATE ACCEPTANCES AND LOANS AND ISSUANCE FEES FOR STANDBY FEE ON MOODY'S S&P USD CALL RATE LOANS LETTEXX XX XREDIT CREDIT FACILITIES ----------------------------------------------------------------------------------------------------------- A2 or higher A or higher 0.0% per annum 0.35% per annum 0.11% per annum ----------------------------------------------------------------------------------------------------------- A3 A- 0.0% per annum 0.40% per annum 0.12% per annum ----------------------------------------------------------------------------------------------------------- Baa1 BBB+ 0.0% per annum 0.50% per annum 0.13% per annum ----------------------------------------------------------------------------------------------------------- Baa2 BBB 0.0% per annum 0.60% per annum 0.14% per annum ----------------------------------------------------------------------------------------------------------- Baa3 BBB- 0.0% per annum 0.75% per annum 0.17% per annum ----------------------------------------------------------------------------------------------------------- below Baa3 or if not below BBB- or if not 0.0% per annum 0.95% per annum 0.18% per annum rated by Moody's rated by S&P ----------------------------------------------------------------------------------------------------------- provided that:
Applicable Pricing Rate. Subject to Section 4.7, with respect to any date of determination, the greater of (a) the Benchmark and (b) the Floor. Notwithstanding the foregoing, under no circumstance shall the Applicable Pricing Rate be less than zero. Each determination by Administrative Agent of the Applicable Pricing Rate under this Agreement shall be conclusive and binding upon Seller in all respects absent manifest error and may be computed using any reasonable averaging and attribution method. “Approved Investor”: With respect to any Mortgage Loan, Governmental Authority, Affiliate of Seller or Guarantor, or any other private institution, in each case, as approved by Administrative Agent, on behalf of Buyers, in its reasonable discretion, purchasing such Purchased Mortgage Loans. “Appraisal”: A written appraisal made for the originator of the Mortgage Loan at the time of origination of the Mortgage Loan by a Qualified Appraiser, which (i) complies with the requirements of FIRREA, (ii) provides an accurate estimate of the bona fide market value of the related Mortgaged Property at the time of origination, (iii) complies in all respects with all applicable appraiser independence requirements, restrictions and, and (iv) was delivered prior to the final approval of the Mortgage Loan. “Asset”: A Mortgage Loan. “Asset Value”: With respect to each Purchased Asset and any date of determination, an amount equal to the following, as applicable, as the same may be reduced in accordance with Section 4.3, and, in the case of each Purchased Mortgage Loan, as shall include the related Servicing Rights: (a) if the Purchased Asset is not a Defective Asset, the product of the related Type Purchase Price Percentage and the least of: (i) the Market Value of such Purchased Asset; (ii) the unpaid principal balance of such Purchased Asset; and (iii) the purchase price paid by Seller for such Purchased Asset in an arms-length transaction with a Person that is not an Affiliate of Seller if it is a Mortgage Loan; or (b) if the Purchased Asset is a Defective Asset, zero.