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with a Fixed Spread is converted to a Fixed Rate, in either case for the aggregate principal amount of the Credit withdrawn from the Credit Account during each of the two or more consecutive Interest Periods of that equals or exceeds a specified threshold, and for the full maturity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.
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.
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
Examples of Automatic Rate Fixing Conversion in a sentence
The Borrower elects to apply the Automatic Rate Fixing Conversion to the Loan.
The Recipient elects to apply the Automatic Rate Fixing Conversion to the Credit.
More Definitions of Automatic Rate Fixing Conversion
Automatic Rate Fixing Conversion means an Interest Rate Conversion whereby either:
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