Bank of Canada Overnight Rate definition

Bank of Canada Overnight Rate means, on any date of determination, the rate of interest charged by the Bank of Canada on one-day Canadian dollar loans to financial institutions, for such date.
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Bank of Canada Overnight Rate means the Bank of Canada overnight rate, which is the rate of interest charged by the Bank of Canada on one-day loans to financial institutions, for such day.
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Bank of Canada Overnight Rate means for any day, the variable annual rate of interest established and announced from time to time by the Bank of Canada and which appears on “xxx.xxxxxxxxxxxx.xx” under the heading “The target for the overnight rate” (or any replacement web site or replacement page published by Bank of Canada which displays that rate) or on the appropriate page of such other information service which publishes that rate from time to time in place of the Bank of Canada. If such page or service ceases to be available, the Administrative Agent may specify another page or service displaying the relevant rate after consultation with the Borrower.
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Examples of Bank of Canada Overnight Rate in a sentence

  • If and to the extent any Lender shall not have so made its transfer to the Administrative Agent, such Lender agrees to pay to the Administrative Agent, forthwith on demand such amount, together with interest thereon, for each day from such date until the date such amount is paid to the Administrative Agent, at the Federal Funds Rate (for Dollars) or the Bank of Canada Overnight Rate (for Canadian Dollars).

  • If and to the extent any Non-FILO Lender shall not have so made its transfer to the Administrative Agent, such Non-FILO Lender agrees to pay to the Administrative Agent, forthwith on demand such amount, together with interest thereon, for each day from such date until the date such amount is paid to the Administrative Agent, at the Federal Funds Rate (for Dollars) or the Bank of Canada Overnight Rate (for Canadian Dollars).

  • The Company reserves the right to charge interest at 8% per annum above the Bank of Canada Overnight Rate (often referred to as the Bank’s policy interest rate) for the time being on all overdue accounts, such interest being deemed to accrue and be compounded on a daily basis from the due date for payment.

  • Bank of Canada Overnight Rate (est 2%, prev 1.5%) and Q3 Monetary PolicyReport Expectations supplied to Bloomberg are unrepresentative of the view on the street and those priced into markets due to a cluster of outdated forecast submissions.

  • The independent valuers provide the fair value of the Entity’s investment property portfolio every twelve months.


More Definitions of Bank of Canada Overnight Rate

Bank of Canada Overnight Rate means the Bank of Canada overnight rate, which is the rate of interest charged by the Bank of Canada on one-day loans to financial institutions, for such day.Bail-In Action” shall mean the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution.
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Bank of Canada Overnight Rate means the rate of interest charged by the Bank of Canada on one-day loans to financial institutions, for such day. “Base Rate” means for any day a fluctuating rate per annum equal to the highest of (a) the Federal Funds Rate plus 1/2 of 1% (or, in the case of
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Bank of Canada Overnight Rate means, on any date of determination, the rate of interest charged by the Bank of Canada on one- day Canadian dollar loans to financial institutions, for such date.
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Bank of Canada Overnight Rate the Bank of Canada overnight rate, which is the rate of interest charged by the Bank of Canada on one-day loans to financial institutions, for such day. Bank Product: any of the following products, services or facilities extended to any Borrower or Subsidiary by a Lender or any of its Affiliates or branches: (a) Cash Management Services; (b) products under Hedging Agreements; (c) commercial credit card and merchant card services; and (d) other banking products or services as may be requested by any Borrower or Subsidiary, other than loans or letters of credit.
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Related to Bank of Canada Overnight Rate

  • Federal Funds Rate means, for any day, the rate per annum equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers on such day, as published by the Federal Reserve Bank of New York on the Business Day next succeeding such day; provided that (a) if such day is not a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the next preceding Business Day as so published on the next succeeding Business Day, and (b) if no such rate is so published on such next succeeding Business Day, the Federal Funds Rate for such day shall be the average rate (rounded upward, if necessary, to a whole multiple of 1/100 of 1%) charged to Bank of America on such day on such transactions as determined by the Administrative Agent.

  • Fed Funds Rate means, for any period, a fluctuating interest rate (expressed as a per annum rate and rounded upwards, if necessary, to the next 1/16 of 1%) equal for each day during such period to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published for such day (or, if such day is not a Business Day, for the next preceding Business Day) by the Federal Reserve Bank of New York, or, if such rates are not so published for any day which is a Business Day, the average of the quotations for such day on such transactions received by BNPLC's Parent from three Federal funds brokers of recognized standing selected by BNPLC's Parent. All determinations of the Fed Funds Rate by BNPLC's Parent shall, in the absence of clear and demonstrable error, be binding and conclusive upon NAI.

  • Reference Rate means the rate specified as such hereon.