ARRC Endorsed Terms definition

ARRC Endorsed Terms means the alternative U.S. dollar reference rates proposal by the ARRC for recommended terms applicable to issuances of SOFR-based floating rate securities, set forth on Appendix II.
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ARRC Endorsed Terms means the U.S. Federal Reserve Board's recommended terms for identifying alternative U.S. dollar reference rates for LIBOR-based floating rate securities, as such terms are set forth at Exhibit A hereto.
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Examples of ARRC Endorsed Terms in a sentence

  • Except for action expressly required of the Agent hereunder, the Agent shall in all cases be fully justified in failing or refusing to act hereunder unless it shall receive further assurances to its satisfaction from the Banks of their indemnification obligations under Section 11.05 hereof against any and all liability and expense which may be incurred by it by reason of taking or continuing to take any such action.

  • ARRC Endorsed Terms .............................The terms for determining an alternative reference rate described under "Description of the Securities—Interest Rate Indices— Determination of LIBOR" in the Base Offering Circular.

  • Ginnie Mae has adopted the ARRC Endorsed Terms for determining a Replacement Rate for LIBOR Classes.

  • We have adopted the ARRC Endorsed Terms for determining an alternative reference rate for our LIBOR-based securities, including Certificates with interest rates that adjust based on LIBOR.

  • Among the efforts to identify a set of alternative U.S. dollar reference rates are proposals by the Alternative Reference Rates Committee ("ARRC") convened by the Federal Reserve Board and the Federal Reserve Bank of New York for determining an alternative reference rate, including the recommended terms for new issuances of LIBOR-based floating rate securities, as such terms have been adjusted in accordance with ARRC recommendations and set forth below (the "ARRC Endorsed Terms").

  • We can provide no assurance that any alternative reference rate determined in accordance with the ARRC Endorsed Terms will yield the same or similar economic results over the lives of the affected Classes of Certificates relative to the results that would have occurred under LIBOR or any other reference rate.

  • We have adopted the ARRC Endorsed Terms for determining an alternative reference rate for our LIBOR-based Floating Rate and Inverse Floating Rate Classes.

  • The ARRC Endorsed Terms generally rely on actions to be taken by regulators or the ARRC; however, there can be no assurance whether or when those actions will be taken.

  • The ARRC Endorsed Terms provide for various alternative benchmarks based on availability: the first alternative is term SOFR, the second alternative is compounded SOFR, and the last two alternatives are not currently specified.

  • Effective January 1, 2022, transactions, Ginnie Mae will no longer permit the issuance of new Multiclass Securities that bear interest at a rate determined by reference to LIBOR unless such Multiclass Securities are re-securitizations of existing LIBOR Classes that do not increase the total unpaid principal balance of outstanding LIBOR Classes.Ginnie Mae has adopted the ARRC Endorsed Terms for determining a Replacement Rate for all LIBOR Classes.

Related to ARRC Endorsed Terms

  • Loan Terms means and refers collectively to (a) all the terms and conditions set out in the Application Form, (b) these General Terms and Conditions, and (d) all terms and conditions specified in the other Loan Documents.

  • Blanket Issuer Letter of Representations means the Blanket Issuer Letter of Representations between the City, the Registrar and DTC.

  • Product Terms means the document that provides information about Microsoft Products and Professional Services available through volume licensing. The Product Terms document is published on the Licensing Site and is updated from time to time.

  • Purchase Price and Terms Letter With respect to each purchase of a Mortgage Loan Package hereunder, that certain letter agreement setting forth the general terms and conditions of such transaction consummated herein and identifying the Mortgage Loans to be purchased hereunder, by and between the Company and the Purchaser. Purchaser: Xxxxxx Brothers Bank, FSB or its successor in interest or any successor to the Purchaser under this Agreement as herein provided.

  • Extended Terms shall have the meaning given such term in Section 2.4.

  • Buyer Closing Certificate has the meaning set forth in Section 7.03(d).

  • Quality Agreement has the meaning set forth in Section 9.6.

  • Programme Agreement means the programme agreement entered into on or about the date hereof between, inter alios, the Guarantor, the Sellers, the Issuer, the Representative of the Covered Bondholders and the Dealers.

  • Post Closing Letter is that certain Post Closing Letter dated as of the Effective Date by and between Collateral Agent and Borrower.

  • Additional Terms means any additional terms agreed in writing amending, varying or agreeing additions to these Terms;

  • Optional Extended Local Calling Scope Arrangement Traffic is traffic that under an optional Extended Local Calling Scope Arrangement chosen by the Customer terminates outside of the Customer’s basic exchange serving area.

  • Alternate VRDP Shares Purchase Agreement means any agreement with a successor liquidity provider replacing the VRDP Shares Purchase Agreement (or any replacement therefor) upon its termination in accordance with its terms and containing a Purchase Obligation substantially similar to the Purchase Obligation therein, as determined by the Fund.

  • URL Terms means the terms with which Customer must comply, which are located at a URL, referenced in this Agreement and are hereby incorporated by reference.

  • the first supplementary agreement means the agreement of which a copy is set out in the Second Schedule;

  • Pharmacovigilance Agreement has the meaning set forth in Section 4.3.

  • Diagnostic clinical procedures manual means a collection of written procedures that describes each method (and other instructions and precautions) by which the licensee performs diagnostic clinical procedures; where each diagnostic clinical procedure has been approved by the authorized user and includes the radiopharmaceutical, dosage, and route of administration.

  • Framework Agreement means the Clauses of this Framework Agreement together with the Framework Schedules and annexes to it;

  • Sale and Purchase Agreement means all the agreements entered into from time to time (whether before, on or after the date of this Agreement) by the Borrower for the sale of the Units and shall include any one or more or all of the Sale and Purchase Agreements.

  • the First Variation Agreement means the agreement a copy of which is set forth in the Second Schedule;

  • Repurchase Agreement means a simultaneous agreement to buy, hold for a specified time, and sell back at a future date obligations, described by Government Code 2256.009(a)(1) (obligations of gov- ernmental entities) or 2256.013 (commercial paper) or if applicable, 2256.0204 (corporate bonds), at a market value at the time the funds are disbursed of not less than the principal amount of the funds disbursed. The term includes a direct security repurchase agreement and a reverse security repurchase agreement. Gov’t Code 2256.011(b)

  • the Second Supplementary Agreement means the Second Supplementary Agreement, a copy of which is set out in Schedule 3;

  • Basic Terms Modification means any proposal:

  • MRA means master repurchase agreement. A document that outlines standard terms between the Company and counterparties for repurchase agreement transactions.

  • Same terms and conditions means that a carrier cannot apply

  • Seller Closing Certificate has the meaning set forth in Section 7.02(d).