Consignment Fixed Rate definition

Consignment Fixed Rate. With respect to any Interest Period, the amount equal to (a) the greater of (i) the Eurodollar Rate for such Interest Period minus the average of rates quoted to the Agent as the London Interbank Bullion Rates as displayed on Xxxxxx'x gold loan screen or, if Xxxxxx'x gold loan screen is not available, as set by the Agent, for Precious Metal forwards for such period (the "Contango Rate"), and (ii) zero (0), plus (b) two percent (2.00%).
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Consignment Fixed Rate. Consignment Limit", "Dollar Facility", "Intercreditor Agreement", "Maturity Date", "Maximum Drawing Amount" and "Security Documents" and replacing them with the following:
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Consignment Fixed Rate and "Maturity Date" and replacing them with the following:
Sample 1Sample 2

Examples of Consignment Fixed Rate in a sentence

  • Each conversion request relating to the conversion of Consigned Precious Metal to a Consignment Fixed Rate Amount shall be irrevocable by the Borrower.

  • For any day with respect to a Eurodollar Rate Loan or Consignment Fixed Rate Amount, the maximum rate (expressed as a decimal) at which any lender subject thereto would be required to maintain reserves under Regulation D of the Board of Governors of the Federal Reserve System (or any successor or similar regulations relating to such reserve requirements) against "Eurocurrency Liabilities" (as that term is used in Regulation D), if such liabilities were outstanding.

  • Inability to Determine Eurodollar Rate or Consignment Fixed Rate.

  • Consigned Precious Metal which is accruing a Consignment Fee calculated by reference to the Consignment Fixed Rate.

  • Except as otherwise provided in the definition of the term "Interest Period" with respect to Eurodollar Rate Loans and Consignment Fixed Rate Amounts, whenever a payment hereunder or under any of the other Loan Documents becomes due on a day that is not a Business Day, the due date for such payment shall be extended to the next succeeding Business Day, and interest shall accrue during such extension.

  • The Borrower hereby agrees promptly to pay the Gold Agent, for the account of such Gold Bank, within ten (10) days of demand by such Gold Bank, any additional amounts necessary to compensate such Gold Bank for any reasonable costs incurred by such Gold Bank in making any conversion in accordance with this ss.8.15, including any interest or fees payable by such Gold Bank to lenders of funds obtained by it in order to make or maintain its Consignment Fixed Rate Amounts hereunder.

  • Each Consignment Request for Consignment Base Rate Amounts shall be in a minimum aggregate amount of 100 xxxx ounces or an integral multiple of one hundred (100) in excess thereof, and each Consignment Request for Consignment Fixed Rate Amounts shall be in a minimum aggregate amount of five thousand (5,000) xxxx ounces or an integral multiple of one thousand (1000) in excess thereof.

  • Any day on which commercial banks are open for international business (including dealings in Dollar deposits) in London or such other eurodollar interbank market as may be selected (a) with respect to Dollar Facility Loans which are also Eurodollar Rate Loans, by the Dollar Agent, in its sole discretion acting in good faith or (b) with respect to Gold Loans which are also Eurodollar Rate Loans or with respect to Consignment Fixed Rate Amounts, by the Gold Agent, in its sole discretion acting in good faith.

  • In the event that the Borrower fails to provide any such notice with respect to the continuation of any Consignment Fixed Rate Amounts as such, then such Consignment Fixed Rate Amounts shall be automatically converted to a Consignment Base Rate Amounts on the last day of the first Interest Period relating thereto.

  • The Consignment Fee and Gold Fronting Fee with respect to Consignment Fixed Rate Amounts shall be payable as to any Consignment Fixed Rate Amounts in respect of which the applicable Interest Period is (y) 3 months or less, on the last day of such Interest Period, and (z) more than 3 months, on the date that is 3 months from the first day of such Interest Period and, in addition, on the last day of such Interest Period.


More Definitions of Consignment Fixed Rate

Consignment Fixed Rate. With respect to an agreed upon tenor and so long as market conditions permit, the rate per annum equal to the applicable fixed rate determined by LLC in its sole discretion plus the Applicable Consignment Rate Margin.
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Consignment Fixed Rate. With respect to any Interest Period, the amount equal to (a) the greater of (i) the Eurodollar Rate applicable to Revolving Credit Loans for such Interest Period minus the average of rates quoted to the Administrative Agent as the London Interbank Bullion Rates as displayed on Reutxx'x xxxd loan screen or, if Reutxx'x xxxd loan screen is not available, as set by the Administrative Agent, for Precious Metal forwards for such period (the "Contango Rate"), and (ii) zero (0), plus (b) the Eurodollar Applicable Margin applicable to Revolving Credit Loans.
Sample 1
Consignment Fixed Rate. With respect to any Interest Period, the amount equal to (a) the greater of (i) the LIBOR Rate applicable to Revolving Credit Loans for such Interest Period minus the average of rates quoted to the Gold Fronting Bank as the London Interbank Bullion Rates as displayed on Xxxxxx'x gold loan screen or, if Xxxxxx'x gold loan screen is not available, as set by the Gold Fronting Bank, for Precious Metal forwards for such period and (ii) zero (0), plus (b) the LIBOR Applicable Margin.
Sample 1
Consignment Fixed Rate means with respect to any Interest Period and so long as market conditions permit, the rate per annum equal to the current market rate for fixed rate Precious Metals maturities plus the Applicable Consignment Rate Margin.
Sample 1

Related to Consignment Fixed Rate

  • Consignment Price is $100,000 and consignor retains 0%, Consignor will receive $100,000. “Consignment Price” is $100,000 and consignor retains 40%, Consignor will receive $60,000 in cash and 40% in equity in the Series LLC.

  • Fixed Rate means, with respect to any Competitive Loan (other than a Eurodollar Competitive Loan), the fixed rate of interest per annum specified by the Lender making such Competitive Loan in its related Competitive Bid.

  • Consignment means products which are either sent simultaneously from one exporter to one consignee or covered by a single transport document covering their shipment from the exporter to the consignee or, in the absence of such a document, by a single invoice;

  • Fixed Rate Mortgage Loan A fixed rate mortgage loan purchased pursuant to this Agreement.

  • Agreed Interest Rate means that interest rate determined as of the time it is to be applied that is equal to the lesser of (i) 5% in excess of the discount rate established by the Federal Reserve Bank of San Francisco as it may be adjusted from time to time, or (ii) the maximum interest rate permitted by Law.

  • U.S. Base Rate means, for any day, the rate of interest per annum equal to the greater of (a) the interest rate per annum publicly announced from time to time by the Administrative Agent as its reference rate in effect on such day at its principal office in Toronto for determining interest rates applicable to commercial loans denominated in U.S. Dollars in Canada (each change in such reference rate being effective from and including the date such change is publicly announced as being effective) and (b) the Federal Funds Effective Rate in effect on such day plus 1/2 of 1%.

  • Conversion to Fixed Interest Rate With respect to each Adjustable Rate Mortgage Loan, the Mortgage Loan is not a Convertible Mortgage Loan;

  • Inventory Advance Rate shall have the meaning set forth in Section 2.1(a)(y)(ii) hereof.

  • Fixed Interest Rate means the annual interest rate of five and forty hundredths percent (5.40%).

  • Blended Rate means, with respect to any Taxable Year, the sum of the effective rates of tax imposed on the aggregate net income of the Corporate Taxpayer in each state or local jurisdiction in which the Corporate Taxpayer files Tax Returns for such Taxable Year, with the maximum effective rate in any state or local jurisdiction being equal to the product of: (i) the apportionment factor on the income or franchise Tax Return filed by the Corporate Taxpayer in such jurisdiction for such Taxable Year, and (ii) the maximum applicable corporate tax rate in effect in such jurisdiction in such Taxable Year. As an illustration of the calculation of Blended Rate for a Taxable Year, if the Corporate Taxpayer solely files Tax Returns in State 1 and State 2 in a Taxable Year, the maximum applicable corporate tax rates in effect in such states in such Taxable Year are 6% and 5%, respectively and the apportionment factors for such states in such Taxable Year are 60% and 40%, respectively, then the Blended Rate for such Taxable Year is equal to 5.6% (i.e., 6% times 60% plus 5% times 40%).

  • Compounded Daily Reference Rate means, with respect to an Interest Period, the rate of return of a daily compound interest investment in the Specified Currency (with the applicable Reference Rate (as indicated in the applicable Final Terms and further provided for below) as the reference rate for the calculation of interest) and will be calculated by the Principal Paying Agent on the relevant Interest Determination Date, as follows, and the resulting percentage will be rounded, if necessary, to the Relevant Decimal Place:

  • Index Rate means, for any day, a floating rate equal to the higher of (i) the rate publicly quoted from time to time by The Wall Street Journal as the "base rate on corporate loans posted by at least 75% of the nation's 30 largest banks" (or, if The Wall Street Journal ceases quoting a base rate of the type described, the highest per annum rate of interest published by the Federal Reserve Board in Federal Reserve statistical release H.15 (519) entitled "Selected Interest Rates" as the Bank prime loan rate or its equivalent), and (ii) the Federal Funds Rate plus 50 basis points per annum. Each change in any interest rate provided for in the Agreement based upon the Index Rate shall take effect at the time of such change in the Index Rate.

  • Subsequent Fixed Rate Period means for the initial Subsequent Fixed Rate Period, the period commencing on July 1, 2020 and ending on and including June 30, 2025 and for each succeeding Subsequent Fixed Rate Period, the period commencing on the day immediately following the end of the immediately preceding Subsequent Fixed Rate Period and ending on and including June 30 in the fifth year thereafter.

  • Reference Interest Rate means the following rate (expressed as a percentage rate per annum) for deposits in the currency of the Strike Price: the Reference Interest Rate specified in the Table which has been published on the screen page specified in the Table (the "Screen

  • Initial Fixed Rate Period means the period commencing on the Issue Date and ending on and including June 30, 2020.

  • Floating Rate Security means a Debt Security that provides for the payment of interest at a variable rate determined periodically by reference to an interest rate index specified pursuant to Section 2.03.

  • Adjustable Rate Mortgage Loan A Mortgage Loan serviced pursuant to this Agreement under which the Mortgage Interest Rate is adjusted from time to time in accordance with the terms and provisions of the related Mortgage Note.

  • Adjusted Net Mortgage Interest Rate As to each Mortgage Loan and at any time, the per annum rate equal to the Mortgage Interest Rate less the Expense Fee Rate.

  • Fixed Rate Security means a Security which provides for the payment of interest at a fixed rate.

  • Floating Rate means, for any day, a rate per annum equal to (i) the Alternate Base Rate for such day plus (ii) the Applicable Margin, in each case changing when and as the Alternate Base Rate changes.

  • CB Floating Rate means the Prime Rate; provided that the CB Floating Rate shall never be less than the Adjusted One Month LIBOR Rate on such day (or if such day is not a Business Day, the immediately preceding Business Day). Any change in the CB Floating Rate due to a change in the Prime Rate or the Adjusted One Month LIBOR Rate shall be effective from and including the effective date of such change in the Prime Rate or the Adjusted One Month LIBOR Rate, respectively.

  • SOFR Rate means the rate that will be calculated by the Calculation Agent for each Accrual Period on the SOFR Adjustment Date as of the SOFR Determination Time (or, if the Benchmark is not SOFR, the Reference Time) and, except as provided below following a determination by the Administrator that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred, shall mean, with respect to the Class A-2b Notes as of any SOFR Adjustment Date, a rate equal to Compounded SOFR; provided, that, the Administrator will have the right, in its sole discretion, to make applicable SOFR Adjustment Conforming Changes.

  • Term SOFR Reference Rate means the forward-looking term rate based on SOFR.

  • Adjusted Interest Rate is defined in Section 1.2(e).

  • Fixed Rate Period shall have the meaning in the form of Security set forth in Section 2.1.

  • LIBOR Base Rate means, for each Interest Period, the London interbank offered rate for six-month deposits in Dollars for value the first day of such Interest Period (or, in the case of the initial Interest Period, for value the Interest Payment Date occurring on or next preceding the first day of such Interest Period), as reasonably determined by the Bank and expressed as a percentage per annum.