Initial Reference Rate means, with respect to a Reference Currency, the Reference Rate on the Pricing Date as specified on the cover page of the applicable Pricing Supplement.
Initial Reference Rate for any principal priced with a Fixed Rate Option, means the annualized rate used by Lender or a participant to obtain the funds loaned to Borrower in the case of a Prepayment Fee, or the annualized rate applicable on the last Pricing Date, or on the date Notice of prepayment is given, as the case may be, in the case of a Breakage Fee.
Initial Reference Rate means, in relation to a Tranche of Subordinated Notes (where applicable), the rate specified as such in (or calculated in the manner set out in) the Applicable Pricing Supplement
Examples of Initial Reference Rate in a sentence
If the Initial Reference Rate is less than or equal to the Final Reference Rate, there is no prepayment fee.
An Initial Reference Rate of 9.0% was assigned to the loan when the loan was made.
An Initial Reference Rate of 7.0% was assigned to the loan at last repricing.
If the Initial Reference Rate is greater than the Final Reference Rate, the prepayment fee shall be equal to the difference between the Initial and Final Reference Rates (expressed as a decimal), multiplied by the appropriate factor from the Prepayment Fee Factor Schedule, multiplied by the principal amount of the loan being prepaid.
Calculate the interest payment that will accrue on the Prepayment Amount over the Remaining Fixed Pricing Period at the Initial Reference Rate (“Initial Interest Amounts”).
More Definitions of Initial Reference Rate
Initial Reference Rate shall be the Reference Rate assigned to the Loan by the Holder at the time the interest rate converts to the Fixed Rate. The "FINAL REFERENCE RATE" shall be the Reference Rate assigned to the Loan by the Holder at the time of the prepayment. The applicable Reference Rates shall be determined from the Federal Reserve Statistical Release (Publication H.15) as displayed on Page 119 of the Dow Xxxxx Telerate Service (or such other page or service as may replace that page or service for the purpose of displaying rates comparable to said US Treasury Securities). If the publishing of the foregoing Statistical Release is ever discontinued, the applicable Reference Rate shall be based on the publication by the Board of Governors of the United States Federal Reserve System in replacement thereof, or if none, the publication which in the Holder's discretion most nearly corresponds. CALCULATION OF PREPAYMENT FEE 1. If the Initial Reference Rate is less than or equal to the Final Reference Rate, there is no prepayment fee.
Initial Reference Rate means the annualized interest rate used by the Lender to obtain the funds loaned to the Borrower, which funds are being paid in advance of scheduled payment; and “Final Reference Rate” means the annualized interest rate Lender would allocate to fund a new advance, on the date of prepayment, with similar scheduled repayment of principal from the time of the advance payment through the Fee End Date, assuming all scheduled repayments of principal due on or after the Fee End Date are paid on the Fee End Date.
Initial Reference Rate means 3670.00 (expressed as the amount of UGX per one USD), being the initial reference rate on the Initial Valuation Date.
Initial Reference Rate means the annualized interest rate used by the Lender to obtain the funds loaned to the Borrower, which funds are being paid in advance of schedule payment(s).
Initial Reference Rate means the actual interest rate per annum commencing on the Effective Date for the applicable Fixed Rate Loan as quoted by the Administrative Agent and accepted by the Company pursuant to this Schedule 1.01C.
Initial Reference Rate means -0.037 per cent. per annum, being the gross redemption yield of the UK Treasury Gilt 0.625 per cent. due 7 June 2025 (ISIN: GB00BK5CVX03), determined as at 2 July 2020;
Initial Reference Rate means the annualized interest rate charged to Borrower on the Term Loan on the proposed prepayment date; and “Final Reference Rate” means the annualized interest rate Lender would allocate to fund a new advance, on the date of prepayment, with similar scheduled repayment of principal from the time of the advance payment through the Fee End Date, assuming all scheduled repayments of principal due on or after the Fee End Date are paid on the Fee End Date. Any prepayment does not otherwise affect Borrower’s obligation to pay any fees due under this Agreement. No prepayment fee shall be due to Lender for advance payments of principal made after the Fee End Date.