Fixed Reference Rate definition

Fixed Reference Rate means a fixed reference rate component of the interest applicable to the amount of the Loan to which a Conversion applies, as determined by the Bank in accordance with the Conversion Guidelines and notified to the Borrower pursuant to Section 4.01(c).
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Fixed Reference Rate. “Fixed Spread”; “Interest Rate Cap”; “Interest Rate Conversion”; “Principal Payment Date”; “Reference Rate Reset Date”; “Screen Rate”; “Variable Rate”; “Variable Spread”; “Variable Spread Fixing Charge”; the term “the Loan” is modified to read “the Non-Concessional Portion of the Loan”; the term “Unwithdrawn Loan Balance” is modified to read “the Unwithdrawn Balance of the Non-Concessional Portion of the Loan”; and the term “Withdrawn Loan Balance” is modified to read “Withdrawn Balance of the Non-Concessional Portion of the Loan”.
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Fixed Reference Rate means the rate determined by the Bank pursuant to Sections III.3.5.2(b) or III.3.5.3 (b)(iii) below, as applicable.
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Examples of Fixed Reference Rate in a sentence

  • AIIB effects an Interest Rate Conversion by converting the Reference Rate of the Loan applicable immediately prior to the Interest Rate Conversion to a Fixed Reference Rate equal to the interest rate that reflects the fixed rate of interest payable by AIIB under the Derivative Transaction (adjusted by the applicable market convention or spread, if required1), or the relevant Screen Rate.

  • The Orange County School Board believes that the local school board, and not the Commonwealth, should determine if the superintendent should engage in the detailed act of documenting his or her fulfillment of the duty described in the regulation.

  • Fixed Reference Rate with a Variable Spread in Approved Currency Borrower requests Conversion into Mexican Peso (MXN) with a Fixed Reference Rate.

  • Fixed Rate Payment means, in respect of each PaymentDate, an amount equal to the product of the Notional Estimated Pool Return means, in relation to a Pool, Principal, the Fixed Reference Rate and the Fixed Rate AWBI's estimate per tonne of the Actual Pool Return in Days Fraction.respect of that Pool whether on a grade basis or otherwise,as published by AWBI (excluding GST).

  • Automatic Rate Fixing 11.1 Request for Automatic Rate Fixing13 11.1.1 The Borrower may at any time request an Interest Rate Conversion from the initial Variable Rate to a Fixed Rate or to a Variable Rate based on a Fixed Reference Rate and a Variable Spread in respect of all future withdrawals of the Loan (Automatic Rate Fixing).

  • An individual who has successfully completed a professional or practical nursing program and who has not yet taken or received the results of the state licensure examination may request a qualifying letter from the department’s Health Education Unit allowing the individual to administer medication in a long-term care facility.

  • Heads of Service should work to be aware of the circumstances of how special leave taken within the service for monitoring purposes.This page is intentionally left blankAppendix 2, Item 7Flexible Working PolicyHROD Policy Team HRODFebruary 2019 0Page 37 www.manchester.gov.uk Contents Introduction 1Scope 1Legal Provision 2Balancing Business and Individual Needs 2Employer Led Initiatives 2Flexible Working Options 3Flexible Working Application Process 6 Introduction 1 .

  • Fixed Rate, or (ii) Fixed Reference Rate, or (iii) spread over the Reference Rate, or (iv) amount of the spread to the Reference Rate to be paid by the Bank under the Interest or Currency Hedge Transaction10, in each case that it is willing to pay following such Conversion.

  • If the Currency Conversion will include a Fixed Reference Rate in the new major currency, the Conversion will be effected on the basis of Screen Rates or Market Transactions.


More Definitions of Fixed Reference Rate

Fixed Reference Rate means the rate specified as such in the Confirmation, being a rate per cent per annum expressed as a decimal, which shall remain constant from the Commencement Date until the Maturity Date. Floating Rate or FR means BBSY plus the Margin. Floating Rate Days Fraction or FTRDF means, in respect of each Payment Date:
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Fixed Reference Rate means [insérer pourcentage en lettres] ([●]%) per annum. [Note to the Borrower: to be further completed] Fraud means any unfair practice (acts or omissions) deliberately intended to mislead others, to intentionally conceal elements there from, or to betray or vitiate his/her consent, to circumvent any legal or regulatory requirements and/or to violate internal rules and procedures of the Borrower or a third party in order to obtain an illegitimate benefit. Fraud against the Financial Interests of the European Community means any intentional act or omission intended to damage the European Union budget and involving (i) the use or presentation of false, inaccurate or incomplete statements or documents, which has as effect the misappropriation or wrongful retention of funds or any illegal reduction in resources of the general budget of the European Union; (ii) the non-disclosure of information with the same effect; and (iii) misappropriation of such funds for purposes other than those for which such funds were originally granted.
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Related to Fixed Reference Rate

  • SONIA Reference Rate means, in respect of any London Banking Day, a reference rate equal to the daily Sterling Overnight Index Average ("SONIA") rate for such London Banking Day as provided by the administrator of SONIA to authorised distributors and as then published on the Relevant Screen Page (or if the Relevant Screen Page is unavailable, as otherwise is published by such authorised distributors) on the London Banking Day immediately following such London Banking Day; and

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

  • 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:

  • Original Reference Rate means the originally-specified benchmark or screen rate (as applicable) used to determine the Rate of Interest (or any component part thereof) on the Notes.

  • Reset Reference Rate means in respect of a Reset Period, the gross redemption yield (as calculated by the Agent Bank on the basis set out by the United Kingdom Debt Management Office in the paper “Formulae for Calculating Gilt Prices from Yields”, page 5, Section One: Price/Yield Formulae “Conventional Gilts”; Double dated and Undated Gilts with Assumed (or Actual) Redemption on a Quasi-Coupon Date (published 8 June 1998, as amended or updated from time to time) or if such basis is no longer in customary market usage at such time, in accordance with generally accepted market practice at such time, on a semi-annual compounding basis (rounded up (if necessary) to four decimal places) of the Benchmark Gilt in respect of that Reset Period, with the price of the Benchmark Gilt for the purpose of determining the gross redemption yield being the arithmetic average (rounded up (if necessary) to the nearest 0.001 per cent. (0.0005 per cent. being rounded upwards)) of the bid and offered prices of such Benchmark Gilt quoted by the Reset Reference Banks at 11.00 a.m. (London time) on the Reset Determination Date in respect of such Reset Period on a dealing basis for settlement on the next following dealing day in London. Such quotations shall be obtained by or on behalf of the Issuer and provided to the Agent Bank. If at least four quotations are provided, the Reset Reference Rate will be determined by reference to the rounded arithmetic mean of the quotations provided, eliminating the highest quotation (or, in the event of equality, one of the highest) and the lowest quotation (or, in the event of equality, one of the lowest). If only two or three quotations are provided, the Reset Reference Rate will be determined by reference to the rounded arithmetic mean of the quotations provided. If only one quotation is provided, the Reset Reference Rate will be determined by reference to the rounded quotation provided. If no quotations are provided, the Reset Reference Rate will be the previous Reset Reference Rate or (in the case of the first Reset Period) 1.581 per cent., where:

  • Reference Rate means the rate specified as such hereon.

  • Alternative Reference Rate means the rate that the Independent Adviser or the Issuer (as applicable) determines has replaced the relevant Reference Rate in customary market usage in the international debt capital markets for the purposes of determining rates of interest in respect of bonds denominated in the Specified Currency and of a comparable duration to the relevant Interest Period, or, if the Independent Adviser or the Issuer (as applicable) determines that there is no such rate, such other rate as the Independent Adviser or the Issuer (as applicable) determines in its discretion (acting in good faith) is most comparable to the relevant Reference Rate;

  • U.S. Base Rate means, on any day, the annual rate of interest equal to the greater of (a) the annual rate of interest announced by a commercial Canadian bank selected by the Lender and in effect as its base rate at its principal office in Toronto, Ontario on such day for determining interest rates on Dollar demand commercial loans in Canada, and (b) the sum of the Federal Funds (Effective) Rate plus 0.50% per annum.

  • 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;

  • Floating Rate Margin means 7.50 per cent. per annum.

  • Reference Rate Determination Date means, in relation to any Reference Rate Business Day(i):

  • Base Rate Margin has the meaning set forth in the definition of Applicable Margin.

  • Weighted Average Advance Rate means, as of any date of determination with respect to all Eligible Collateral Obligations included in the Adjusted Aggregate Eligible Collateral Obligation Balance, the number obtained by (i) summing the products obtained by multiplying (a) the Advance Rate of each such Eligible Collateral Obligation by (b) such Eligible Collateral Obligation’s contribution to the Adjusted Aggregate Eligible Collateral Obligation Balance and (ii) dividing such sum by the Adjusted Aggregate Eligible Collateral Obligation Balance.

  • Alternate Base Rate means, for any day, a rate per annum equal to the greater of (a) the Prime Rate in effect on such day and (b) the Federal Funds Effective Rate in effect on such day plus 1/2 of 1%. Any change in the Alternate Base Rate due to a change in the Prime Rate or the Federal Funds Effective Rate shall be effective from and including the effective date of such change in the Prime Rate or the Federal Funds Effective Rate, respectively.

  • Applicable Margin means: