Derived Fixed Rate definition

Derived Fixed Rate means (a) with respect to a Eurodollar Loan, a rate per annum equal to the sum of the Applicable Margin (from time to time in effect) plus the Adjusted LIBOR Rate applicable to Eurodollars, or (b) with respect to an Alternate Currency Loan, a rate per annum equal to the sum of the Applicable Margin (from time to time in effect) plus the Adjusted LIBOR Rate applicable to the relevant Alternate Currency.
Sample 1Sample 2Sample 3
Derived Fixed Rate means, (a) with respect to a Eurodollar Loan, a rate per annum equal to the sum of the Applicable Margin (from time to time in effect) plus the Eurodollar Rate, or (b) with respect to an Alternate Currency Loan, a rate per annum equal to the sum of the Applicable Margin from time to time in effect plus the Alternate Currency Rate applicable to the relevant Alternate Currency.
Sample 1Sample 2Sample 3
Derived Fixed Rate means, (a) with respect to a Eurodollar Loan, a rate per annum equal to the sum of the Applicable Margin (from time to time in effect) plus the Eurodollar Rate, or (b) with respect to an Alternate Currency Loan, a rate per annum equal to the sum of the Applicable Margin (from time to time in effect) plus the Alternate Currency Rate applicable to the relevant Alternate Currency plus, if applicable, the Mandatory Cost (in the case of an Alternate Currency Loan which is lent from an Applicable Lending Office in the United Kingdom or a Participating Member State).
Sample 1

Examples of Derived Fixed Rate in a sentence

  • Borrower shall pay interest on the unpaid principal amount of each Revolving Loan that is a Eurodollar Loan or an Alternate Currency Loan outstanding from time to time, fixed in advance on the first day of the Interest Period applicable thereto through the last day of the Interest Period applicable thereto (but subject to changes in the Applicable Margin), at the Derived Fixed Rate.

  • Each Borrower shall pay interest on the unpaid principal amount of each Fixed Rate Loan made to it outstanding from time to time, fixed in advance on the first day of the Interest Period applicable thereto through the last day of the Interest Period applicable thereto (but subject to changes in the Applicable Margin), at the Derived Fixed Rate.

  • Borrower shall pay interest on the unpaid principal amount of each Fixed Rate Loan outstanding from time to time under the General Revolving Commitment, fixed in advance on the first day of the Interest Period applicable thereto through the last day of the Interest Period applicable thereto (but subject to changes in the Applicable Margin) at the Derived Fixed Rate.

  • ASI shall pay interest on the unpaid principal amount of each Eurodollar Loan and Alternate Currency Loan outstanding from time to time, fixed in advance on the first day of the Interest Period applicable thereto through the last day of the Interest Period applicable thereto (but subject to changes in the Applicable Margin), at the Derived Fixed Rate.

  • Borrower shall pay interest on the unpaid principal amount of each Fixed Rate Loan outstanding from time to time, fixed in advance on the first day of the Interest Period applicable thereto through the last day of the Interest Period applicable thereto (but subject to changes in the Applicable Margin), at the Derived Fixed Rate.

  • Borrower shall pay interest on the unpaid principal amount of each Eurodollar Loan outstanding from time to time under the 364 Day Commitment, fixed in advance on the first day of the Interest Period applicable thereto through the last day of the Interest Period applicable thereto (but subject to changes in the Applicable Margin) at the Derived Fixed Rate applicable to Eurodollar Loans.

  • Each Foreign Borrower shall pay interest on the unpaid principal amount of each Foreign Borrower Alternate Currency Loan outstanding to such Foreign Borrower from time to time, fixed in advance on the first day of the Interest Period applicable thereto through the last day of the Interest Period applicable thereto (but subject to changes in the Applicable Margin) at the Derived Fixed Rate.


More Definitions of Derived Fixed Rate

Derived Fixed Rate means (a) with respect to a EurodollarFixed Rate Loan denominated in Dollars, a rate per annum equal to the sum of the EurodollarApplicable Margin for Fixed Rate Loans set forth in the definition of “Applicable Margin” (from time to time in effect) plus the Adjusted LIBOR Rate, orTerm SOFR, (b) with respect to an Alternate Currencya Fixed Rate Loan denominated in Euros, a rate per annum equal to the sum of the EurodollarApplicable Margin for Fixed Rate Loans set forth in the definition of “Applicable Margin” (from time to time in effect) plus the Adjusted LIBOR Rate applicable to the relevant Alternate CurrencyEURIBOR, plus if applicable, the Mandatory Cost (in the case of an Alternate Currency Loana Fixed Rate Loan denominated in Euros which is lent from a lending office in the United Kingdom), or (c) with respect to a Fixed Rate Loan denominated in Yen, a rate per annum equal to the sum of the Applicable Margin for Fixed Rate Loans set forth in the definition of “Applicable Margin” (from time to time in effect) plus the Adjusted XXXXX, plus if applicable, the Mandatory Cost (in the case of a Fixed Rate Loan denominated in Yen which is lent from a lending office in the United Kingdom).
Sample 1
Derived Fixed Rate means with respect to Eurodollar Loans or Alternate Currency Loans, a rate per annum equal to the sum of (a) the Applicable Margin (from time to time in effect), plus (b) the applicable LIBO Pre-Margin Rate, plus (c) (i) if the S&P Rating shall be lower than BBB- but higher than BB or the Moody's Rating shall be lower than Baa3 but higher than Ba2, seventy-fixx (00) basis points, or (ii) if the S&P Rating shall be BB or lower or the Moody's Rating shall be Ba2 or lower, one hundred (100) basis points.
Sample 1
Derived Fixed Rate means with respect to Eurodollar Loans or Alternate Currency Loans, a rate per annum equal to the sum of (a) the Applicable Margin (from time to time in effect), plus (b) the applicable LIBO Pre-Margin Rate, plus (c) (i) if the S&P Rating shall be lower than BBB- but higher than BB or the Moody's Rating shall be lower than Baa3 but higher than Ba2, seventy-xxxx (75) basis points, or (ii) if the S&P Rating shall be BB or lower or the Moody's Rating shall be Ba2 or lower, one hundred (100) basis points.
Sample 1
Derived Fixed Rate means (a) with respect to a Eurodollar Loan, a rate per annum equal to the sum of the Eurodollar Margin set forth in the definition of “Applicable Margin” (from time to time in effect) plus the Adjusted LIBOR Rate, or (b) with respect to an Alternate Currency Loan, a rate per annum equal to the sum of the Eurodollar Margin set forth in the definition of “Applicable Margin” (from time to time in effect) plus the Adjusted LIBOR Rate applicable to the relevant Alternate Currency, plus if applicable, the Mandatory Cost (in the case of an Alternate Currency Loan which is lent from a lending office in the United Kingdom).
Sample 1

Related to Derived Fixed Rate

  • 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.

  • Reference Interest Rate means the interest rate which is used as the basis for calculating any interest to be applied and which comes from a publicly available source which can be verified by both parties to a payment service contract;

  • 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 relevant Final Terms and further provided for below) as the reference rate for the calculation of interest) and will be calculated by the Calculation Agent on the Interest Determination Date, as follows, and the resulting percentage will be rounded, if necessary, to the fifth decimal place, with 0.000005 being rounded upwards:

  • 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.

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

  • Pricing Rate the per annum percentage rate for determination of the Price Differential;

  • 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.

  • Reference Rate means the rate specified as such hereon.

  • 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%).

  • Daily Non-Cumulative Compounded RFR Rate means, in relation to any U.S. Government Securities Business Day during a Floating Rate Interest Period for a Loan (or any part of it), the percentage rate per annum determined by the Facility Agent in accordance with the methodology set out in Schedule 15B (Daily Non-Cumulative Compounded RFR Rate) or in any relevant Compounding Methodology Supplement.

  • Term SOFR Rate means, with respect to any Term Benchmark Borrowing and for any tenor comparable to the applicable Interest Period, the Term SOFR Reference Rate at approximately 5:00 a.m., Chicago time, two U.S. Government Securities Business Days prior to the commencement of such tenor comparable to the applicable Interest Period, as such rate is published by the CME Term SOFR Administrator.

  • LIBOR Daily Floating Rate means, for any day, a fluctuating rate of interest per annum equal to LIBOR as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by Administrative Agent from time to time), at approximately 11:00 a.m., London time, two (2) London Banking Days prior to such day, for Dollar deposits with a term of one (1) month commencing that day; provided that if the LIBOR Daily Floating Rate shall be less than zero, such rate shall be deemed zero for purposes of the Loan Documents.

  • Applicable Interest Rate means the rate of interest prescribed under the Act from time to time;

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

  • Replacement Reference Rate means a reference rate which is:

  • Prime Interest Rate means the publicly quoted variable annual basic rate of interest, published from time to time by the bankers of FUNDI as being their prime rate and as certified by the auditors of FUNDI, whose appointment it shall not be necessary to prove. Details of such bankers will be provided to the Applicant when so requested in writing.

  • Adjusted LIBOR Rate means, at any time with respect to any LIBOR Loan, a rate per annum equal to the LIBOR Rate as in effect at such time plus the Applicable Margin Percentage for LIBOR Loans as in effect at such time.

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

  • SBI 1 Year MCLR Rate means 1 year Marginal Cost of Funds Based Lending Rate (MCLR) fixed by State Bank of India (SBI) / any replacement thereof by SBI for the time being in effect applicable for 1 year period, as on 1st April of the respective financial year in accordance with regulations and guidelines of Reserve Bank of India. In absence of such rate, any other arrangement that substitutes such rate as mutually agreed to by the Parties.

  • Specified Rate means, on any day, the sum of:

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

  • Base Interest Rate means Bank's initial cost of funding the Fixed Obligations. The Prepayment Fee is calculated as follows: First, Bank determines a "Current Market Rate" based on what the Bank would receive if it loaned the remaining amount on the prepayment date in a wholesale funding market matching maturity, remaining principal and interest amounts and principal and interest payment dates (the aggregate payments received are the "Current Market Rate Amount"). Bank may select any wholesale funding market rate as the Current Market Rate. Second, Bank will take the prepayment amount and calculate the present value of each remaining principal and interest payment which, without prepayment, the Bank would have received during the term of the Fixed Obligations using the Base Interest Rate. The sum of the present value calculations is the "Xxxx to Market Amount." Third, the Bank will subtract the Current Market Rate Amount from the Xxxx to Market Amount. Any amount greater than zero is the Prepayment Fee.

  • Three-Month Secondary CD Rate means, for any day, the secondary market rate for three-month certificates of deposit reported as being in effect on such day (or, if such day is not a Business Day, the next preceding Business Day) by the Board through the public information telephone line of the Federal Reserve Bank of New York (which rate will, under the current practices of the Board, be published in Federal Reserve Statistical Release H.15(519) during the week following such day) or, if such rate is not so reported on such day or such next preceding Business Day, the average of the secondary market quotations for three-month certificates of deposit of major money center banks in New York City received at approximately 10:00 a.m., New York City time, on such day (or, if such day is not a Business Day, on the next preceding Business Day) by the Administrative Agent from three negotiable certificate of deposit dealers of recognized standing selected by it.

  • Floating Rate Period shall have the meaning set forth in Section 2.05(b) hereof.

  • Reference Value means the last reported sales price of the shares of Common Stock for any twenty (20) trading days within the thirty (30) trading-day period ending on the third trading day prior to the date on which notice of the redemption is given.