Daily Compounded XXXXX Adjustment definition

Daily Compounded XXXXX Adjustment means (i) a percentage equal to 0.29547% for an Interest Period of one-month’s duration, and (ii) a percentage equal to 0.32138% for an Interest Period of three-months’ duration.
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Daily Compounded XXXXX Adjustment means a percentage equal to 0.29547% (29.547 basis points) per annum.
Sample 1
Daily Compounded XXXXX Adjustment means a percentage equal to (i) 0.29547% per annum (29.547 basis points) for a XXXXX Available Tenor of one-month’s duration, and (ii) 0.32138% per annum (32.138 basis points) for a XXXXX Available Tenor of three months’ duration.
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Examples of Daily Compounded XXXXX Adjustment in a sentence

  • Daily Compounded XXXXX Adjustment means, with respect to Daily Compounded XXXXX, (i) 0.29547% (29.547 basis points) for a XXXXX Interest Period of one-month's duration and (ii) 0.32138% (32.138 basis points) for a XXXXX Interest Period of three-months' duration.


More Definitions of Daily Compounded XXXXX Adjustment

Daily Compounded XXXXX Adjustment means, with respect to Daily Compounded XXXXX, for an Interest Period of a duration of (a) one-month, a percentage -118- equal to 0.29547% per annum (29.547 basis points), and (b) three-months, a percentage equal to 0.32138% per annum (32.138 basis points).
Sample 1
Daily Compounded XXXXX Adjustment means [Redacted] ([Redacted] basis points) per annum for an Interest Period of one (1) month’s duration, and [Redacted] ([Redacted] basis points) per annum for an Interest Period of three (3) months’ duration;
Sample 1
Daily Compounded XXXXX Adjustment means 0.29547% (29.547 basis points) for a tenor of one-month’s duration, and 0.32138% (32.138 basis points) for a tenor of three-months’ duration. “Daily Compounded XXXXX Determination Day” has the meaning set forth in the definition of “Daily Compounded XXXXX.” “Daily Compounded XXXXX Loan” means a Loan that bears interest at a rate based on Adjusted Daily Compounded XXXXX. “Daily Compounded XXXXX Rate Day” has the meaning set forth in the definition of “Daily Compounded XXXXX.”
Sample 1
Daily Compounded XXXXX Adjustment means with respect to Daily Compounded XXXXX, for a Contract Period of a duration of (a) one-month, a percentage equal to 0.29547% per annum, and (b) three-month, a percentage equal to 0.32138% per annum. (75) (71) “Daily Compounded XXXXX Loan” means any Loan made hereunder that bears interest at a rate based on Adjusted Daily Compounded XXXXX. (76) (72) “Daily Rental Borrowers” means, collectively, Motus Car Rental, LP. and each other Daily Rental Borrower that may be added from time to time pursuant to a Joinder Agreement, and their successors and permitted assigns, and “Daily Rental Borrower” means any one of them. (77) (73) “Daily Rental Borrowing Base” means 100% of the aggregate depreciated book value (in accordance with the below) of the applicable Borrower’s Eligible Daily Rental Leases outstanding at any time, as evidenced by the Daily Rental Lease Management Report. For the purposes of calculating such value, the minimum vehicle depreciation of the capital cost of all vehicles forming part of the Daily Rental Management Report, is based on the following schedule: Original Lease Term Rate per month Up to 12 months 1.75% 13 to 24 months 2.00% (78) (74) “Daily Rental Borrowing Base Certificate” means a borrowing base certificate substantially in the form attached as Schedule 1.1(7478) signed a Responsible Officer of Master Borrower. (79) (75) “Daily Rental Facility” has the meaning given to it in Section 2.5(1). (80) (76) “Daily Rental Lease Management Report” means a report, in form and substance satisfactory to the Administrative Agent, from Daily Rental Borrower summarizing such Borrower’s Eligible Daily Rental Leases and, in connection with any request Borrowing by such Borrower, identifying all Eligible Daily Rental Leases including, for each such rental, unit description, VIN (serial) number, term, depreciated book value, depreciation rate, and depreciation amount. (81) (77) “Daily Rental Limit” means the aggregate amount of the Commitments of the Lenders from time to time under the Daily Rental Facility which on the Closing Date is $25,000,000. (82) (78) “Daily Rental Loans” means Loans made under the Daily Rental Facility.
Sample 1

Related to Daily Compounded XXXXX Adjustment

  • Daily Compounded XXXXX means, for any day, XXXXX with interest accruing on a compounded daily basis, with the methodology and conventions for this rate (which will include compounding in arrears with a lookback) being established by the Administrative Agent in accordance with the methodology and conventions for this rate selected or recommended by the Relevant Governmental Body for determining compounded XXXXX for business loans; provided that if the Administrative Agent decides that any such convention is not administratively feasible for the Administrative Agent, then the Administrative Agent may (in consultation with the Borrower) establish another convention in its reasonable discretion; and provided that if the administrator has not provided or published XXXXX and a Benchmark Replacement Date with respect to XXXXX has not occurred, then, in respect of any day for which XXXXX is required, references to XXXXX will be deemed to be references to the last provided or published XXXXX. Any change in Daily Compounded SOFR due to a change in XXXXX shall be effective from and including the effective date of such change in XXXXX without notice to the Borrower.

  • Compounded Daily XXXXX means the rate of return of a daily compound interest investment (with the daily Sterling overnight reference rate as reference rate for the calculation of interest) and will be calculated by the Interest Determination Agent as at the Interest Determination Date, as follows, and the resulting percentage will be rounded if necessary to the fourth decimal place, with 0.00005 being rounded upwards: where:

  • Compounded Daily SOFR means, in relation to a Floating Rate Interest Period, the rate of return of a daily compound interest investment (with SOFR as reference rate for the calculation of interest) during the related Observation Period and will be calculated by the Calculation Agent on the related Interest Determination Date as follows: Where:

  • 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:

  • SOFR Compounded Index means the Compounded SOFR rate as published at 15:00 (New York time) by Federal Reserve Bank of New York (or a successor administrator of SOFR) on the website of the Federal Reserve Bank of New York, or any successor source; and

  • SONIA Compounded IndexStart means, with respect to an Interest Accrual Period, the SONIA Compounded Index determined in relation to the day falling the Relevant Number of London Banking Days prior to the first day of such Interest Accrual Period; and

  • SONIA Compounded IndexEnd means, with respect to an Interest Accrual Period, the SONIA Compounded Index determined in relation to the day falling the Relevant Number of London Banking Days prior to (A) the Interest Payment Date for such Interest Accrual Period, or (B) such other date on which the relevant payment of interest falls due (but which by its definition or the operation of the relevant provisions is excluded from such Interest Accrual Period).

  • SONIA Compounded Index means the index known as the SONIA Compounded Index administered by the Bank of England (or any successor administrator thereof);

  • Maximum Daily Quantity means the daily volume of Gas or Liquids, expressed in 103m3, identified in a Shipper's Interruptible Transportation Service Agreement that Transporter agrees to receive from Shipper under Toll Schedule Interruptible Full Path Service, Toll Schedule Interruptible Receipt Service or Toll Schedule Interruptible Delivery Service, as applicable.