Bill Rate definition
Bill Rate means, on any Business Day, the average (determined by MDL and rounded up to the nearest fifth decimal place) of the individual bid rates, expressed as a percentage per annum, quoted by entities (each a “bank”) on the Reuters Screen Pages “BKBL” and “BKBM” (or such other pages as may replace those pages on that service for displaying quotations for bank bills of exchange having a tenor of three Months) at or about 10.45 a.m. on the relevant Business Day for bills of exchange having a tenor of three Months which have been drawn, accepted or endorsed by such banks and for each non-Business Day, the Bill Rate on the most recent Business Day.
Bill Rate means the rates billed to Customer for services performed by Personnel pursuant to this Agreement, any Statement of Work, subsequent Amendment or any Assignment Confirmation.
Examples of Bill Rate in a sentence
The Distribution Rate is calculated for each Distribution Period by reference to the Bank Bill Rate, which is influenced by a number of factors and varies over time.
If Bank Bill Rate Determination is specified in the Pricing Supplement as the manner in which the Interest Rate is to be determined, the Interest Rate applicable to the Floating Rate Notes for each Interest Period is the sum of the Margin and the Bank Bill Rate.
If Bank Bill Rate Determination is specified in the Final Terms as the manner in which the Interest Rate is to be determined, the Interest Rate applicable to the Floating Rate PD Debt Instruments for each Interest Period is the sum of the Margin (if any) and the Bank Bill Rate.
Each Note will bear floating rate interest at stipulated margins over the Bank Bill Rate.
This interest is payable at the Bank Bill Rate plus a margin, calculated on days elapsed and a year of 365 days.
More Definitions of Bill Rate
Bill Rate means in respect of any rate of interest to be calculated pursuant to the Agreement the mid or “FRA” rate for 90 day bank accepted bills (expressed as a percentage) as quoted on Reuters page BKBM (or any successor page) at or about 10.00am on the first Business Day of the period in respect of which that rate of interest is to be calculated, and thereafter at intervals of 90 days from that Business Day.
Bill Rate means, in respect of any rate of interest to be calculated pursuant to this agreement, the Reserve Bank of New Zealand 90 day B2 Wholesale interest rate stated on the following page (or any successor page) http://www.rbnz.govt.nz/statistics/b2 at or about 3.00pm on the first Business Day of the period in respect of which such rate of interest is to be calculated, and thereafter at intervals of 90 days from that Business Day.
Bill Rate means the average 90 day bank bill mid rate as quoted on Reuters Screen page BKBM (known as at the Commencement Date as the FRA rate) at or about 10.45 am as at the relevant date, provided that if, on or about that time for any reason the Reuters Screen page BKBM is not then available, the last rate quoted on that page before it became unavailable;
Bill Rate means the average 90 day bank bill mid rate as quoted on Reuters Screen page BKBM or the equivalent page replacing page BKBM (known at the date of this Agreement as the FRA rate) at or about 10.45am on the relevant date or, if at that time page BKBM or the equivalent replacement page is not available, the last rate quoted on that page before it became unavailable.
Bill Rate means in respect of any rate of interest to be calculated pursuant to this Agreement the mid or "FRA" rate for 90-day bank accepted bills (expressed as a percentage) as quoted on Reuters page BKBM (or any successor page) at or about 10.45 am on the first Business Day of the period in respect of which such rate of interest is to be calculated, and thereafter on each succeeding Business Day of the period.
Bill Rate in relation to each Interest Period mexxx the rate (expressed as a percentage per annum) which is the bid rate shown at approximately 10:15 a.m., Sydney time, on page "BBSY" on the Reuters Monitor System on the first day of that Interest Period for a term approximately equal to that Interest Period, but if such rate is no longer available, the Bill Rate means the rate reasonably determined by xxx Australian Agent to be the average rate at which Westpac Banking Corporation, Australia and New Zealand Banking Group and the Commonwealth Bank of Australia are purchasing bills of exchange accepted by an Australian Lender for a term approximately equal to that Interest Period on such day.
Bill Rate in relation to each Interest Period means the rate (expressed as a percentage per annum) which is the average of the bid rates shown at approximately 11.00 am Wellington time on page "BKBM" on the Reuters Screen (or its successor page) on the first day of that Interest Period for a term approximately equal to the duration of that Interest Period (or if that Interest Period is subject to marginal adjustment, for a term equal to the duration of the Interest Period prior to such adjustment) provided that if such rate is no longer available or, in the opinion of the Agent such rate becomes inappropriate, unfair or incapable of application, the Bill Rate shall mean the rate reasonably determined by the Agent to be the appropriate equivalent rate having regard to prevailing market conditions.