Automatic Rate Fixing Conversion definition

Automatic Rate Fixing Conversion means an Interest Rate Conversion whereby either (i) the initial Reference Rate component of the interest rate for a Credit based on a Variable Spread is converted to a Fixed Reference Rate; or (ii) the initial Variable Rate for a Credit with a Fixed Spread is converted to a Fixed Rate, in either case for the aggregate principal amount of the Credit withdrawn from the Credit Account during each of the two or more consecutive Interest Periods of that equals or exceeds a specified threshold, and for the full maturity of such amount, as specified in the Financing Agreement or in a separate request from the Recipient.
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Automatic Rate Fixing Conversion means an “Automatic Rate Fixing Conversion” as defined in the relevant General Conditions or described in the relevant Loan Agreement and subject to the provisions of Section III.3.4 of this Directive.
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Automatic Rate Fixing Conversion means an Interest Rate Conversion whereby either: (i) the initial Reference Rate component of the interest rate for a Loan based on a
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Examples of Automatic Rate Fixing Conversion in a sentence

  • The Borrower elects to apply the Automatic Rate Fixing Conversion to the Loan.

  • Consequently, any portions of the Loan on which the interest rate is not fixed pursuant to the withdrawn Request for Automatic Rate Fixing continue to accrue interest at the Variable Rate applicable prior to such Automatic Rate Fixing Conversion, subject to Section III.3.5.4 below.3.5 Effecting Conversions 3.5.1 Fixed Rate Conversions.

  • Subject to Section 4.01(e) below, the Borrower may at any time request any of the following Conversions: (i) a Currency Conversion, including Local Currency Conversion and Automatic Conversion into Local Currency; (ii) an Interest Rate Conversion, including Automatic Rate Fixing Conversion; and (iii) an Interest Rate Cap or Interest Rate Collar.


More Definitions of Automatic Rate Fixing Conversion

Automatic Rate Fixing Conversion means an Interest Rate Conversion whereby either:
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Automatic Rate Fixing Conversion means an “Automatic Rate Fixing Conversion” as defined in the relevant General Conditions or described in the relevant Loan Agreement and as further described in the provisions of Section
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Related to Automatic Rate Fixing Conversion

  • Interest Conversion Price means, with respect to any Interest Date, that price which shall be computed as 100.0% of the arithmetic average of the Weighted Average Price of the Common Stock on each of the ten (10) consecutive Trading Days immediately preceding the applicable Interest Date (each, an “Interest Measuring Period”). All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction during such period.

  • Daily Conversion Value means, for each of the 40 consecutive Trading Days during the relevant Observation Period, 2.5% of the product of (a) the Conversion Rate on such Trading Day and (b) the Daily VWAP on such Trading Day.

  • Conversion Date shall have the meaning set forth in Section 4(a).

  • Fixed Conversion Price shall have the meaning set forth in Section 4(b).

  • Company Conversion Price means, the lower of (i) the applicable Conversion Price and (ii) that price which shall be computed as 90% of the arithmetic average of the Weighted Average Price of the Common Stock on each of the twenty (20) consecutive Trading Days immediately preceding the applicable Installment Settlement Date or, in the event the Conversion Price is adjusted upon the voiding of a Company Conversion pursuant to Section 8(b)(ii), the date of delivery of the applicable Conversion Notice (each such period, a "COMPANY CONVERSION MEASURING PERIOD"); provided, however, that if the Weighted Average Price for the twenty (20) Trading Days before the applicable Installment Settlement Date or date of delivery of the applicable Conversion Notice, as the case may be, is above $1.00, then the Company Conversion Price shall be computed as 92.5% of the arithmetic average of the Weighted Average Price of the Common Stock during the Company Conversion Measuring Period. All such determinations shall be appropriately adjusted for any stock split, stock dividend, stock combination during or other similar transaction that proportionately decreases or increases the Common Stock the applicable such Company Conversion Measuring Period.