Effective Discount Rate definition

Effective Discount Rate means (a) with respect to any Bankers’ Acceptance accepted by a Canadian Lender named on Schedule I to the Bank Act (Canada), the rate determined by the Canadian Administrative Agent as being CDOR on the applicable Drawing Date, and (b) with respect to any Bankers’ Acceptance accepted by any other Canadian Lender, the lesser of (i) the rate advised by such Canadian Lender to the Canadian Administrative Agent as being the discount rate of such Canadian Lender, calculated on the basis of a year of 365 or 366 days, as applicable, and determined in accordance with normal market practice, for bankers’ acceptances of such Lender having comparable Face Amount and identical maturity date to the Face Amount and maturity date of such Bankers’ Acceptance and (ii) the rate determined by the Canadian Administrative Agent in accordance with clause (a) above plus 0.07% per annum.

Effective Discount Rate means, in respect of any Bankers' ----------------------- Acceptances to be purchased by a Facility A Canadian Bank or any other Person pursuant hereto, the discount rate at which the Canadian Administrative Agent would purchase, at 10:00 a.m. (Toronto time) on the relevant Drawing Date, its own Bankers' Acceptances having an aggregate Face Amount equal to and with a term to maturity the same as the Bankers' Acceptances to be acquired by such Facility A Bank or other Person on such Drawing Date.

Effective Discount Rate means, with respect to Conventional Rate Bankers' Acceptances, the rate offered by the Bank on the date of Borrowing in its sole discretion which is specific to the Bank's funding position for bankers' acceptances generally, and not tied to a verifiable market index, taking into account such factors as the Bank may deem appropriate in regard to the establishment of such rates, for banker's acceptances having a maturity approximately equal to the maturity (from the date of creation of the Banker's Acceptance to the Stated Maturity Date) of the relevant Bankers' Acceptance.

Examples of Effective Discount Rate in a sentence

• Promptly upon request of McKesson Canada, the Canadian Administrative Agent shall provide McKesson Canada an indicative Effective Discount Rate, which rate shall not be binding on the Canadian Administrative Agent, the Administrative Agent or the Lenders for purposes of any Drawing or acceptance of Drafts.

• UPV( N, DR) = (a - 1) / DR*awhere, a = (1 + DR)NDR = Effective Discount Rate (see next equation)N = Number of years over which the recurring cost occurs Effective Discount Rate: Discount rate after the effect of inflation is removed.

• At least two Schedule I Reference Banks or Schedule II/Schedule III Reference Banks, as the case may be, agree to furnish to Administrative Agent timely information for the purpose of determining each Average Effective Discount Rate.

• If no two Schedule I Reference Banks or Schedule II/Schedule III Reference Banks (or, if there is only one Schedule II/Schedule III Reference Bank, such Schedule II/Schedule III Reference Bank) furnish such information to Canadian Administrative Agent, Canadian Administrative Agent shall determine such Average Effective Discount Rate on the basis of timely information furnished by any single Schedule I Reference Bank or Schedule II/Schedule III Reference Bank, as applicable.

• Primary Documentation Agent shall give prompt notice to Borrowers and Canadian Lenders of each Average Effective Discount Rate determined by Primary Documentation Agent for an applicable Drawing Date and the applicable discount rates, if any, furnished by each Schedule I Reference Bank or Schedule II Reference Bank for determining any applicable Average Effective Discount Rate.

• Promptly upon request of either Borrower, the Canadian Administrative Agent shall provide such Borrower an indicative Effective Discount Rate, which rate shall not be binding on the Canadian Administrative Agent, the Agent or the Banks for purposes of any Drawing or acceptance of Drafts.

• If any one or more of the Schedule I Reference Banks or Schedule II Reference Banks shall not furnish such information to Primary Documentation Agent, Primary Documentation Agent shall determine such Average Effective Discount Rate on the basis of timely information furnished by the remaining Schedule I Reference Bank(s) or Schedule II Reference Bank(s), as applicable.

• Canadian Administrative Agent shall give prompt notice to Borrowers and Canadian Lenders of each Average Effective Discount Rate determined by Canadian Administrative Agent for an applicable Drawing Date and the applicable discount rates, if any, furnished by each Schedule I Reference Bank or each Schedule II/Schedule III Reference Bank, as applicable, for determining any applicable Average Effective Discount Rate.

• Rate of interest Discount rate 7.79% 8.89% Salary Inflation Rate 6.27% 6.30% Net Effective Discount Rate 1.43% 2.43% 2) Key demographic assumptions i) Mortality rates The SA 85-90 Mortality table was used by the actuaries for current employment.

• In Attachment B, Compensation, Section I.C.1.a.xi.a is added, effective July 1, 2011, to read as follows: Guarantee (G) Or Estimate (E)Length of GuaranteeAmount at Risk“xi.a Effective Discount Rate calculationMSI: Lesser of pharmacy network rate or U&C.

More Definitions of Effective Discount Rate

Effective Discount Rate means, in respect of any Bankers' Acceptances to be purchased by Canadian Agent or any other Person pursuant hereto, the discount rate at which Canadian Agent would purchase, on the relevant Drawing Date, its own Bankers' Acceptances having an aggregate Face Amount equal to and with a term to maturity the same as the Bankers' Acceptances to be acquired by Canadian Agent or other Person on such Drawing Date.