Interest Rate Collar definition

Interest Rate Collar means the establishment of an upper and a lower limit for a variable interest rate.

Interest Rate Collar means a combination of a ceiling and a floor that sets an upper and a lower limit for the Variable Rate.

Interest Rate Collar means, with respect to all or any amount of the Withdrawn Loan Balance, a combination of a ceiling and a floor that sets an upper and a lower limit: (a) in respect of any portion of the Loan that accrues interest at a Variable Rate based on a Reference Rate and the Fixed Spread, for the Variable Rate; or (b) in respect of any portion of the Loan that accrues interest at a Variable Rate based on a Reference Rate and the Variable Spread, for the Reference Rate.

Examples of Interest Rate Collar in a sentence

• For the purpose of the terms of this Loan, any covenant under the General Conditions pertaining to any Currency Conversion or the setting of limits on the applicable Variable Rate by the establishment of an Interest Rate Cap or Interest Rate Collar on such Variable Rate, shall not be applicable.

• Without limitation upon the provisions of Article II of the General Conditions and in accordance with the Disbursement and Financial Information Letter, the Borrower may withdraw the proceeds of the Loan to: (a) finance Eligible Expenditures and (b) pay: (i) the Front-end Fee; and (ii) each Interest Rate Cap or Interest Rate Collar premium; in the amount allocated and, if applicable, up to the percentage set forth against each Category of the following table.

• Interest Rate Collar Agreements The fair value of the Company's interest rate collar agreements, as estimated by dealers, is not material.

• The Loan is allocated in: (a) a single withdrawal tranche, from which the Borrower may make withdrawals of the Loan proceeds; and (b) the amounts requested by the Borrower to pay: (A) the Front-end Fee and (B) each Interest Rate Cap or Interest Rate Collar premium.

• The allocation of the amounts of the Loan to this end is set out in the table below: Allocations Amount of the Loan Allocated (expressed in Dollars) Single Withdrawal Tranche 249,375,000 Front-end Fee 625,000 Amount due pursuant to Section 2.07(c) of this Agreement for Interest Rate Cap or Interest Rate Collar premium 0 TOTAL AMOUNT 250,000,000 C.

More Definitions of Interest Rate Collar

Interest Rate Collar means, in respect of an IBRD Hedge, placing a ceiling and a floor on a floating rate of interest. 2

Interest Rate Collar means an OTC foreign currency interest derivative contract where a market participant simultaneously purchases an interest rate cap and sells an interest rate floor on the same interest rate for the same maturity and notional principal amount.

Interest Rate Collar means with respect to all or any amount of the Withdrawn Loan Balance, an “Interest Rate Collar” as defined in the relevant General Conditions or described in the relevant Loan Agreement.

Interest Rate Collar means in respect of the Floating Rate, a combination of a ceiling and a floor that sets an upper and a lower limit for said Floating Rate;

Interest Rate Collar means in respect of the Variable Rate, a combination of a ceiling and a floor that sets an upper and a lower limit for said Variable Rate.

Interest Rate Collar. “Interest Rate Conversion”; “Principal Payment Date”; “Reference Rate Reset Date”; “Variable Spread”; 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”.

Interest Rate Collar means the establishment of an upper and a lower limit on either the Variable Rate or the Reference Rate applicable to all or any portion of the Loan as requested by the Borrower pursuant to paragraph 2.2.1 below.