Benchmark Interest Rates definition

Benchmark Interest Rates means interest rates administered by Financial Benchmark Administrators;
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Benchmark Interest Rates means the publicly documented interest rates of each maturity included in the following indices:
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Benchmark Interest Rates means the publicly documented interest rates of each
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Examples of Benchmark Interest Rates in a sentence

  • The Department and the Concessionaire will mutually verify the actual market values of the applicable Benchmark Interest Rates at the time of Financial Close.

  • By way of example only, if Benchmark Interest Rates increase 50bps, credit spreads increase 25bps, and the coupon rate increases 30bps, 20bps of the change in the coupon rate will be run under this Section 4(e) and the other 10bps change in the coupon rate will be run under Section 4(f) of this Annex A.

  • The Enterprises reserve the right to Approve any changes in Benchmark Interest Rates or in the debt structure (e.g., fixed or variable rate, bank financing or bond financing, call provisions) that are proposed to be made at or prior to Financial Close to the extent that any such change constitutes a deviation from the assumptions in the Base Financial Model.

  • The allocation between the model runs under this Section 4(e) and Section 4(f) of this Annex A for the changes in coupon rates (if any) will be determined in proportion to the overall change in Benchmark Interest Rates and credit spreads (relative to the Baseline Credit Spreads).

  • Developer and Authority will then jointly update the Preliminary Financial Model in accordance with this PA Section 4.2.7.2 (Interest Rate Adjustments), solely to reflect the agreed upon changes, if any, in the Benchmark Interest Rate(s) and Benchmark Investment Rate(s) as applicable.

  • In accordance with PA Section 4.2.7 (Interest Rate Adjustments), on the last date of the Interest Rate Protection Period, the Preliminary Financial Model will be updated solely for the increase or decrease in Benchmark Interest Rates over the Interest Rate Protection Period to determine the Updated Preliminary Financial Model.

  • As another example, if Benchmark Interest Rates decrease 20bps, credit spreads increase 30bps, and the coupon rate increases 5bps, -10bps of the change in the coupon rate will be run under Section 4(e) and 15bps change in the coupon rate will be run under Section 4(f) of this Annex A.

  • The Loan is calculated at 120% of the interest rate for loans of one to five (inclusive) years in the Benchmark Interest Rates for Renminbi Deposits and Loans of Financial Institutions published by the People’s Bank of China, and the term of the Guarantee will be for a period of three years commencing from the date on which the Project Company receives the Loan.

  • Subject to the Parties’ rights pursuant to Section 4.1 of Schedule 1 following the occurrence of a Key Financial Event, pursuant to Section 4 of this Annex A the Enterprises shall bear the risk and have the benefit of 100% of the impact (either positive or negative) on the Base CPP of changes in any applicable Benchmark Interest Rates over the applicable Protection Period with respect to any Bond Financing and/or TIFIA Financing.