Bank Interest Rate definition

Bank Interest Rate means the rate of interest, if any, on any Bank Bonds held by and payable to the Bank, and any other Person to whom a Bank or other holder has sold Bank Bonds pursuant to the Liquidity Facility (other than a remarketing by the Remarketing Agent), at any time as determined and calculated in accordance with the provisions of the applicable Liquidity Facility, including interest payable and attributable to prior interest accruing in excess of the Maximum Rate.

Bank Interest Rate means, for any day during any Interest Period for any Loan (or any portion thereof), an interest rate per annum equal to the Eurodollar Rate on such day; provided, however, that if any Lender shall have notified the Borrower that the introduction of or any change in, or in the interpretation of, any law or regulation makes it unlawful, or any central bank or other governmental authority asserts that it is unlawful, for such Lender to fund such Loan at the Bank Interest Rate set forth above (and such Lender shall not have subsequently notified the Borrower that such circumstances no longer exist), the Bank Interest Rate for each day on and after such notice that has not been withdrawn by such Lender shall be an interest rate per annum equal to the Alternate Base Rate in effect on such day; and provided, further, however, that at all times following the occurrence and during the continuation of an Event of Default the Bank Interest Rate shall be the Default Rate.

Bank Interest Rate will mean, at any time that sums are due and payable to the Agent under Section 2.10.5, below, the Prime Rate plus three percent (3%).

Examples of Bank Interest Rate in a sentence

• The accuracy of the sample survey is documented in ‘The measurement of Sampling Error in Bank Interest Rate Statistics’, Bank of Italy, Supplements to the Statistical Bulletin – Methodological Notes, June 2007 and in ‘Quality Measures in Non-random Sampling MFI Interest Rate Statistics’, ECB, Statistics Paper Series, 2013.

• Delayed payments shall be subject to interest charges at the interest rate of 9 % above the set European Central Bank Interest Rate for Main Refinancing Operations.

• Kohn, “Focusing on Bank Interest Rate Risk Exposure,” speech at the FDIC’s Symposium on Interest Rate Risk Management, Arlington, VA, January 29, 2010.

• Bs is proportional to permanent income for an individual consumer, and the problem is set up so that the average permanent income across all consumers is the average income, allowing us to back out bs.‌23The Federal Reserve series G19 (Commercial Bank Interest Rate on Credit Card Plans NSA) average over theperiod is 14.73 percent (the average credit card interest rate reported in the SCF is 14.22 percent).

• No Related Person will be a party to or in any manner be liable on any forward, future, swap or hedging contract, other than (a) existing hedging contracts listed in the Disclosure Schedule, (b) interest rate hedgxx xxxer the Bank Interest Rate Hedge Agreement required under Section C.17 of this Annex C, and (c) any other commodity floors approved by Required Lenders from time to time, including terms, duration and counterparty.

More Definitions of Bank Interest Rate

Bank Interest Rate means the rate of interest, if any, on any Bank Bonds held by and payable to the Bank at any time as determined and calculated in accordance with the provisions of the Liquidity Facility.

Bank Interest Rate means, with respect to the interest rate to accrue on any Bank Bond during which the Bank holds such Bond, a rate determined as follows:

Bank Interest Rate means the per annum rate of interest on Bank Bonds pursuant to a Standby Bond Purchase Agreement, initially for each period specified below, the interest rate specified with respect to such period which interest rates shall be computed on the basis of the actual number of days elapsed and a 365 or 366 day year, as applicable:Period RateDate of advance to and including the 30th day thereafterThe 31st day after the date of advance to and including the 90th day after the date of advanceBase Rate Base Rate plus 0.50%Thereafter Base Rate plus 1.00% Notwithstanding anything in the applicable Standby Bond Purchase Agreement to the contrary, from and after an event of default thereunder, the Bank Interest Rate shall equal the Default Rate.

Bank Interest Rate means a rate per annum (computed based on a year of three hundred sixty (360) days and actual days elapsed) equal to the Prime Rate, from time to time in effect, such rate changing automatically from time to time effective as of the effective date of each change in the Prime Rate.

Bank Interest Rate means a per annum rate of interest established on each Computation Date equal to the sum of (i) the Applicable Spread plus (ii) the LIBOR Index; provided that if an Event of Default has occurred and is continuing, the Bank Interest Rate shall equal the Default Rate; provided, further, that, subject to the provisions of Section 36 hereof, the Bank Interest Rate shall not exceed the Maximum Rate. The Bank Interest Rate shall be rounded upward to the nearest third decimal place.

Bank Interest Rate shall have the meaning given to that term in Section 2(f) of this Agreement. “Base Rate” means, for any day, a fluctuating rate of interest per annum equal to the greatest of

Bank Interest Rate means, with respect to Bank Bonds, a rate per annum equal to: (i) the Alternate Base Rate from and including the date the Bonds become Bank Bonds to and including the date 30 days from the date the Bonds become Bank Bonds, (ii) the Alternate Base Rate plus one percent (1.0%) per annum, from and including the date 31 days following the date the Bonds become Bank Bonds to and including the date 60 days from the date the Bonds become Bank Bonds, (iii) the Alternate Base Rate plus two percent (2.0%) per annum, from and including the date which is 61 days following the date the Bonds become Bank Bonds until paid in full; provided, however, that upon the occurrence and during the continuance of any Event of Default, “Bank Interest Rate” shall mean the Default Rate; provided, further, however, that to the extent that during any period in which any Bank Bonds are outstanding, the Bank Interest Rate exceeds the Maximum Interest Rate, such Bank Bonds shall continue to bear interest at the Maximum Rate if and to the extent necessary for State Street to recover the interest that would have accrued on the Bank Bonds if the rate of such interest had not been limited to the Maximum Interest Rate. At no time shall the Bank Interest Rate be less than the highest rate of interest on any outstanding Bond that is not a Bank Bond.