CORRA Adjustment definition
CORRA Adjustment means, with respect to Term CORRA or Daily Compounded CORRA, a percentage equal to (a) 0.29547% per annum for an Available Tenor of one (1) month’s duration and (b) 0.32138% per annum for an Available Tenor of three (3) months’ duration.
CORRA Adjustment means (a) with respect to Daily Simple CORRA, 0.29547% (29.547 basis points) per annum and (b) with respect to the Term CORRA Rate, (i) 0.29547% (29.547 basis points) per annum for an Interest Period of one-month’s duration and 0.32138% (32.138 basis points) per annum for an Interest Period of three-months’ duration.
CORRA Adjustment means, with respect to Term CORRA (x) based on the Three-Month Term CORRA Reference Rate, 0.32138% (32.138 basis points), (y) based on the Interpolated Term CORRA Reference Rate, the number (rounded to five decimal places) which results from interpolating (1) the credit spread adjustment for CORRA published by the Bank of Canada with respect to the applicable Term CORRA Reference Rate (as of the Periodic Term CORRA Determination Date) for the longest period for which the Term CORRA Reference Rate is available which is less than the Interest Accrual Period with respect to such CAD Advance and (2) the credit spread adjustment published by the Bank of Canada with respect to the applicable Term CORRA Reference Rate (as of the Periodic Term CORRA Determination Date) for the shortest period for which the Term CORRA Reference Rate is available which exceeds the Interest Accrual Period with respect to such CAD Advance or (z) based on the One-Month Term CORRA Reference Rate, 0.29547% (29.547 basis points).
More Definitions of CORRA Adjustment
CORRA Adjustment means, for any calculation, a percentage per annum equal to (x) 0.29547% for an Interest Period of one month and (y) 0.32138% for an Interest Period of three months. “CORRA Administrator” means the Bank of Canada (or any successor administrator of the Canadian Overnight Repo Rate Average). “CORRA Administrator’s Website” means the website of the Bank of Canada or any successor source for the Canadian Overnight Repo Rate Average identified as such by the CORRA Administrator from time to time. “Covenant-Lite Loan” has the meaning assigned to such term in Section 5.13. “Covered Debt Amount” means, on any date, the sum of (x) all of the Credit Exposures of all Lenders on such date, plus (y) the aggregate principal amount (including any increase in the aggregate principal amount resulting from payable-in-kind interest) of Other Covered Indebtedness outstanding on such date minus (z) LC Exposure that has been Cash Collateralized or LC Exposure that has been backstopped in a manner reasonably satisfactory to the Administrative Agent. For the avoidance of doubt, for purposes of calculating the Covered Debt Amount, any convertible securities included in the Covered Debt Amount will be included at the then outstanding principal balance thereof. “Covered Taxes” means (i) Taxes, other than Excluded Taxes, imposed on or with respect to any payment made by or on account of any obligation of the Borrower under any Loan Document and (ii) to the extent not otherwise described in clause (i), Other Taxes. “Credit Default Swap” means any credit default swap entered into as a means to hedge the default risk of bonds, notes, loans, debentures or securities of the Borrower or any Obligor. “Credit Exposure” means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Dollar Credit Exposure and Multicurrency Credit Exposure at such time (including, for the avoidance of doubt, the Loans and LC Exposure surviving after the Revolver Termination Date). “Credit Rating” means the rating assigned by a Rating Agency to the senior unsecured long term indebtedness of a Person. “Currency” means Dollars or any Foreign Currency. “Custodian” means State Street Bank and Trust Company, or any other financial institution mutually agreeable to the Collateral Agent and the Borrower, as custodian holding documentation for Portfolio Investments, and accounts of the Obligors holding Portfolio Investments, on behalf of the Obligors and, pursuant to the Cust...
CORRA Adjustment means, for any calculation, a percentage per annum equal to (x) 0.29547% for an Interest Period of one month and (y) 0.32138% for an Interest Period of three months.
CORRA Adjustment means (i) 0.29547% (29.547 basis points) for an Interest Period of one-month’s duration and 0.32138% (32.138 basis points) for an Interest Period of three-months’ duration.
CORRA Adjustment means 0.32138% (32.138 basis points).