Australian Xxxx Rate definition

Australian Xxxx Rate means, for any Interest Period: (a) the rate published at or about 10:30 a.m., Sydney local time, on the first day of such Interest Period on the Reuters Screen under the heading “BBSY” for bills of exchange having a tenor approximating as closely as possible the length of such Interest Period, or (b) if the rate described under clause (a) above is not published at the relevant time, or the basis on which that rate is displayed is changed and in the opinion of the Administrative Agent it ceases to reflect the applicable Lenders’ cost of funding, then the applicable rate will be determined by the Administrative Agent to be the average of the buying rates quoted to the Administrative Agent by three (3) Australian banks at or about 10:30 a.m., Sydney local time, on the date of determination for bills of exchange with a tenor approximating the length of such Interest Period; provided that if the Australian Xxxx Rate as otherwise determined pursuant to this definition shall be less than 0.0% per annum, the Australian Xxxx Rate shall be 0.0% per annum.
Sample 1Sample 2Sample 3
Australian Xxxx Rate means, with respect to any Australian Dollar Borrowing for any Interest Period, the rate per annum equal to the average bid rate (the “BBR Screen Rate”) displayed at or about 10:30 a.m. (Sydney Time) on the first day of such Interest Period on the Reuters screen BBSY page for a term equivalent to such Interest Period (expressed as a percentage yield per annum to maturity being the arithmetic average, rounded up to the nearest four decimal places); or to the extent the BBR Screen Rate is not available at such time for any reason, then the applicable rate will be determined by the Administrative Agent to be the average of the buying rates quoted by three Reference Banks at or about 10:30 a.m. (Sydney Time) on the date of determination for bills of exchange with a tenor approximating the length of such Interest Period.
Sample 1Sample 2Sample 3
Australian Xxxx Rate means, for any Interest Period, the rate per annum equal to the average bid rate for a term to maturity equal or comparable to such Interest Period appearing on the Reuters Screen BBSY Page (or, in the event such rate does not appear on a Reuters page or screen, on any successor or substitute page on such screen that displays such rate, or on the appropriate page of such other information service that publishes such rate from time to time as selected by the Administrative Agent in its reasonable discretion; in each case the “BBSY Screen Rate”) as of 10:30 a.m., Sydney time, on the first day of such Interest Period or, if such day is not a Business Day, on the immediately preceding Business Day; provided that if the BBSY Screen Rate shall be less than zero, such rate shall be deemed to be zero for the purposes of this Agreement; provided further that if the BBSY Screen Rate shall not be available at such time for such Interest Period then the Australian Xxxx Rate shall be the Interpolated Rate or, if applicable pursuant to the terms of Section 2.14(a), the applicable Reference Bank Rate, in either case as of 10:30 a.m., Sydney time, on such day or, if such day is not a Business Day, on the immediately preceding Business Day.
Sample 1Sample 2

Examples of Australian Xxxx Rate in a sentence

  • The applicable Alternate Base Rate, Adjusted LIBO Rate, LIBO Rate or Australian Xxxx Rate shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error.

  • The Loans comprising each Australian Xxxx Rate Borrowing shall bear interest at the Australian Xxxx Rate for the Interest Period in effect for such Borrowing plus the Applicable Rate.

  • Thereafter, the Company may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a Eurocurrency Revolving Borrowing, CDOR Rate Borrowing, Australian Xxxx Rate Borrowing or SOR Rate Borrowing, may elect Interest Periods therefor, all as provided in this Section.

  • If no Interest Period is specified with respect to any requested Eurocurrency Revolving Borrowing, Canadian Prime Rate Revolving Borrowing, CDOR Rate Revolving Borrowing, Australian Xxxx Rate Revolving Borrowing or SOR Rate Revolving Borrowing, then the Company shall be deemed to have selected an Interest Period of one (1) month’s duration.

  • The applicable Alternate Base Rate, Canadian Prime Rate, Adjusted LIBO Rate, LIBO Rate, CDOR Rate, Australian Xxxx Rate or SOR Rate shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error.

  • Thereafter, the Company may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a Eurocurrency Revolving Borrowing, Canadian Prime Rate Borrowing, CDOR Rate Borrowing, Australian Xxxx Rate Borrowing or SOR Rate Borrowing, may elect Interest Periods therefor, all as provided in this Section.

  • Australian Dollar Loans shall be made as Australian Xxxx Rate Loans with an Interest Period of one month unless, subject to Section 2.14 (Special Provisions Governing External Rate Loans), the Notice of Borrowing specifies that all or a portion thereof shall be made as Australian Short-Term Loans or Australian Xxxx Rate Loans with different Interest Periods.

  • Each Lender at its option may make any Eurocurrency Loan, Canadian Prime Rate Loan, CDOR Rate Loan, Australian Xxxx Rate Loan or SOR Rate Loan to any Borrower, or any Loan to a Foreign Obligor, by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan; provided that any exercise of such option shall not affect the obligation of the applicable Borrower to repay such Loan in accordance with the terms of this Agreement.

  • Each Lender at its option may make any Eurocurrency Loan, CDOR Rate Loan, Australian Xxxx Rate Loan or SOR Rate Loan to any Borrower, or any Loan to a Foreign Obligor, by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan; provided that any exercise of such option shall not affect the obligation of the applicable Borrower to repay such Loan in accordance with the terms of this Agreement.

  • The deemed payments made pursuant to clause (ii) of the immediately preceding sentence shall be accompanied by payment of all accrued interest on the amount prepaid and, in respect of each Eurocurrency Loan, Canadian Prime Rate Loan, CDOR Rate Loan, Australian Xxxx Rate Loan and SOR Rate Loan, shall be subject to indemnification by the Borrowers pursuant to the provisions of Section 2.16 if the deemed payment occurs other than on the last day of the related Interest Periods.


More Definitions of Australian Xxxx Rate

Australian Xxxx Rate means, for any Interest Period, (i) the rate per annum quoted as the average bid rate on the Reuters monitor system page BBSY (or any page that replaces that page) at or about 10:30 A.M. (Sydney time) on the first day of such Interest Period for a tenor equal to (or not more than two Business Days shorter or longer than) such Interest Period; or (ii) if no average bid rate is published for that tenor in accordance with clause (i) above, the rate per annum determined by the Agent to be equal to the arithmetic mean (rounded upwards, if necessary, to four decimal places) of the respective rates (if two or more), as quoted to the Agent at its request by each applicable Reference Bank for the purchase of bills of exchange accepted by that Reference Bank which have a tenor equal to (or no more than two Business Days shorter or longer than) such Interest Period and a principal amount equal to the amount of the relevant Advance at or about 10:30 A.M. (Sydney time) on such day; or (iii) if the Australian Xxxx Rate cannot be determined in accordance with clauses (i) or (ii) above, then the bid rate available to the Agent at about 10:30 A.M. (Sydney time) on such day as conclusively determined in good faith by the Agent giving regard to comparable indices then available in the then current market for bank accepted bills of exchange having a tenor as described above.
Sample 1Sample 2
Australian Xxxx Rate means, for any Interest Period, for any Multicurrency Revolving Credit Advance denominated in Australian dollars, the rate per annum equal to the Bank Xxxx Swap Reference Bid Rate or a comparable or successor rate, which rate is approved by the Agent, as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by the Agent from time to time) at or about 10:30 A.M. (Sydney, Australia time) on the Rate Determination Date with a term equivalent to such Interest Period.
Sample 1
Australian Xxxx Rate means, for any Interest Period: (a) the rate (rounded up to the nearest four decimal places) published at or about 10:30 a.m. (Local Time) on the first day of such interest period on the Reuters Screen under the heading “BBSY” (or. if such screen ceases to publish such rate, any successor screen rate displaying such rate that is selected by the Administrative Agent) for bills of exchange having a tenor approximating as closely as possible the length of such Interest Period, or (b) if the rate described under clause (a) above is not published at the relevant time, or the basis on which that rate is displayed is changed and in the opinion of the Administrative Agent it ceases to reflect the applicable Lenders’ cost of funding to the same extent as at the date of any Eurocurrency Rate Loan denominated in Australian Dollars, then the applicable rate will be determined by Administrative Agent to be the average of the buying rates quoted to the Administrative Agent by three Australian banks at or about 10:30 a.m. (Local Time) on the date of determination for bills of exchange denominated in Australian Dollars with a tenor approximating the length of such Interest Period.
Sample 1
Australian Xxxx Rate means, for any Interest Period: (a) the average bid rate (expressed as a percentage yield per annum to maturity being the arithmetic average, rounded up to the nearest four decimal places) published at or about 10:30 a.m., Sydney local time, on the first day of such Interest Period on the Reuters Screen under the heading “BBSY” for bills of exchange having a tenor approximating as closely as possible the length of such Interest Period, or (b) if the rate described under clause (a) above is not published at the relevant time, or the basis on which that rate is displayed is changed and in the opinion of the Administrative Agent it ceases to reflect the applicable Lenders’ cost of funding, then the applicable rate will be determined by the Administrative Agent to be the average of the buying rates quoted to the Administrative Agent by three (3) Australian banks at or about 10:30 a.m., Sydney local time, on the date of determination for bills of exchange with a tenor approximating the length of such Interest Period.
Sample 1
Australian Xxxx Rate means, for any Interest Period, a fluctuating rate per annum as shall be in effect from time to time, which rate per annum shall be equal at all times to the following:
Sample 1
Australian Xxxx Rate means, for any Interest Period: (a) the rate (rounded up to the nearest four decimal places) published at or about 11:00 a.m. (Sydney, Australia time) on the first day of such interest period on the Reuters Screen under the heading “BBSY” (or, if such screen ceases to publish such rate, any successor screen rate displaying such rate that is selected by the Administrative Agent) for bills of exchange having a tenor approximating as closely as possible the length of such Interest Period, or (b) if the rate described under clause (a) above is not published at the relevant time, or the basis on which that rate is displayed is changed and in the opinion of the Administrative Agent it ceases to reflect the applicable Lenders’ cost of funding to the same extent as at the date of any Eurodollar Rate Loan denominated in Australian Dollars, then the applicable rate will be determined by Administrative Agent to be the average of the buying rates quoted to the Administrative Agent by three Australian banks at or about 11:00 a.m. (Sydney, Australia Time) on the date of determination for bills of exchange denominated in Australian Dollars with a tenor approximating the length of such Interest Period.
Sample 1

Related to Australian Xxxx Rate

  • Australian Dollar means the lawful currency of Australia.

  • Australian Dollars means the lawful currency of Australia.

  • Canadian-U.S. Exchange Rate means, on any date, the inverse of the U.S. - Canadian Exchange Rate in effect on such date;

  • FX Rate means the “noon exchange rate” as reported by the Bank of Canada on any relevant date or if applicable, the rate calculated by the Calculation Agent, between the Canadian dollar and the foreign currencies into which some Reference Shares are denominated, expressed as the amount of Canadian dollars per one unit of foreign currency.

  • USD LIBOR means the London interbank offered rate for U.S. dollars.

  • Applicable Eurocurrency Margin means, as at any date of determination, the rate per annum then applicable to Eurocurrency Rate Loans determined in accordance with the provisions of Section 2.14(D)(ii) hereof.

  • Euro-Dollar Margin means a rate per annum determined in accordance with the Pricing Schedule.

  • Applicable Eurodollar Margin means, as at any date of determination, the rate per annum then applicable to Eurodollar Rate Loans determined in accordance with the provisions of Section 2.14(D)(ii) hereof.

  • Euro-Dollar Rate means a rate of interest determined pursuant to Section 2.07(b) on the basis of a London Interbank Offered Rate.

  • USD-LIBOR-BBA As defined in the Swap Agreement in the Annex to the 2000 ISDA Definitions.

  • Applicable Eurodollar Rate Margin means, with respect to any Eurodollar Rate Advance, for each Pricing Period, the interest rate margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period:

  • Applicable Revolver LIBOR Margin means the per annum interest rate from time to time in effect and payable in addition to the LIBOR Rate applicable to the Revolving Loan, as determined by reference to Section 1.5(a).

  • U.S.-Canadian Exchange Rate means, on any date:

  • CDOR Rate is defined in the definition of “Eurocurrency Rate” herein.

  • Base Currency Amount means, in relation to a Loan, the amount specified in the Utilisation Request delivered by a Borrower for that Loan (or, if the amount requested is not denominated in the Base Currency, that amount converted into the Base Currency at the Agent’s Spot Rate of Exchange on the date which is three Business Days before the Utilisation Date or, if later, on the date the Agent receives the Utilisation Request) adjusted to reflect any repayment or prepayment of the Loan.

  • Canadian Dollars means the lawful money of Canada.

  • Canadian Dollar Equivalent of any amount which is expressed in United States Dollars means, on any date, the Canadian dollar equivalent of such amount determined by multiplying such amount by the U.S. - Canadian Exchange Rate in effect on such date;

  • Alternative Currency Term Rate means, for any Interest Period, with respect to any Credit Extension:

  • Canadian Dollar means the lawful currency of Canada.

  • Canadian Prime Rate means, on any day, the annual rate of interest equal to the greater of (a) the annual rate of interest announced by the Canadian Reference Lender and in effect as its prime rate at its principal office in Toronto, Ontario on such day for determining interest rates on Canadian Dollar-denominated commercial loans in Canada, and (b) the annual rate of interest equal to the sum of the one-month CDOR in effect on such day plus 1.0% per annum.

  • Swingline Rate means, for any Interest Period, the rate as offered by the Administrative Agent and accepted by the Borrower. The Borrower is under no obligation to accept this rate and the Administrative Agent is under no obligation to provide it.

  • Alternative Currency Daily Rate means, for any day, with respect to any Credit Extension:

  • Hong Kong Dollar means the lawful currency of Hong Kong.

  • STIBOR means the Stockholm inter-bank offered rate.

  • Base Rate Margin has the meaning set forth in the definition of Applicable Margin.

  • Canadian Base Rate means at any time, the greater of (a) the Canadian Prime Rate and (b) except during any period of time during which a notice delivered to Centuri under Section 5.8 shall remain in effect, the annual rate of interest equal to the sum of (i) the CDOR Rate for an Interest Period of one month at such time plus (ii) one percent (1%) per annum; each change in the Canadian Base Rate shall take effect simultaneously with the corresponding change or changes in the Canadian Prime Rate or the CDOR Rate, as applicable.