Interest Rate Index definition

Interest Rate Index means the weekly average yield on United States Treasury Securities adjusted to a constant maturity of one year, as made available by the Federal Reserve Board forty-five (45) days prior to each Note Rate Adjustment Date.

Interest Rate Index means the CPI for the Relevant Month (as specified in the applicable Final Terms) relating to the relevant Interest Payment Date. If the CPI for the applicable Relevant Month has not been published within ten (10) Business Days before the relevant Interest Payment Date, the Interest Rate Index shall be determined by the Calculation Agent as the higher of:(x) the index announced by the Swedish National Debt Office for the purposes of the Benchmark Bond specified in the applicable Final Terms on or before the tenth Business Day before the relevant Interest Payment Date on the basis of prices on the Swedish bond market; or(y) the CPI most recently published before the applicable Relevant Month.If the CPI is no longer established or published, an equivalent index of consumer prices in Sweden using the same or a substantially similar formula or method of calculation which is calculated or has been published by SCB or by such body as establishes or publishes such an index in the place of SCB (the "Replacement Index"). In the event of the CPI being replaced, the Replacement Index shall be converted to the index series upon which the Base Index is based.

Interest Rate Index means the CPI for the Relevant Month (as specified in the applicable Final Terms) relating to the relevant Interest Payment Date. If the CPI for the applicable Relevant Month has not been published within ten (10) Business Days before the relevant Interest Payment Date, the Interest Rate Index shall be determined by the Calculation Agent as the higher of:

Examples of Interest Rate Index in a sentence

• There is also no assurance that the relevant Alternative Pre-nominated Interest Rate Index will perform in the same way as such Interest Rate Index being replaced.

• If no Alternative Pre-nominated Interest Rate Index has been specified in respect of such Index in the relevant Issue Terms, then an Index Adjustment Event will be deemed to occur (see risk factor 5(h)(iii) (Occurrence of Index Adjustment Events in respect of an Interest Rate Index) below).

• In the worst case, the Alternative Pre- nominated Interest Rate Index will perform less favourably for the Securityholders thus reducing the amount(s) payable to Securitholders under the Securities.

• Computation of the Note Rate based on the Interest Rate Index shall continue until Lender determines that the circumstances giving rise to Lender’s substitution of the Interest Rate Index for LIBOR no longer exists and Lender shall promptly notify Borrower of such determination.

• Also known as the start date of the swap.Maturity DateThe final date on which the obligations no longer accrue and the finalpayment occurs.Periodic Settlement: Payment and ResetsFixed Leg: The payment amount of the Fixed Leg is based on the following: Notional, Payment Frequency, Day Count Convention and Fixed Interest Rate.Floating Leg: The payment amount of the Floating Leg is based on the following: Notional, Payment Frequency, Day Count Convention, Floating Interest Rate Index and Floating Reset Dates.

• Upon determining that an Index Adjustment Event has occurred in relation to an Interest Rate Index, the Issuer has the discretion to make certain determinations and adjustments to account for such event including to (A) make adjustments to the terms of the Securities, and/or (B) cause an early redemption of the Securities, any of which determinations may have an adverse effect on the value of the Securities.

• You must occupy the home/residence pledged as collateral for this Home Equity loan and, if the residence securing this Home Equity loan ceases to be owner-occupied for more than 30 consecutive calendar days during the term of this Plan, we may, at the Credit Union’s sole discretion, increase the Margin added to the Interest Rate Index, by one percentage point (1.00%).

• Computation of the Applicable Interest Rate based on the Interest Rate Index shall continue until Lender determines that the circumstances giving rise to Lender's substitution of the Interest Rate Index for the LIBOR Rate no longer exist.

• On any settlement date for one or more Floating Rate Book-Entry Notes, the Company will issue a single Global Security representing up to $500,000,000 principal amount of all such Notes that have the same Base Rate, Initial Interest Rate, Index Maturity, Spread or Spread Multiplier, Interest Reset Period, Interest Payment Dates, redemption provisions, Minimum Interest Rate (if any), Maximum Interest Rate (if any) and Stated Maturity.

• The mortgage requires monthly payments of principal and interest (calculated at an annual rate of 4.01%) of $5,152 (based on a twenty-five year amortization) until October 2025 at which time the second interest rate will be computed at a fixed rate equal to the ten year Interest Rate Index plus two hundred basis points.

More Definitions of Interest Rate Index

Interest Rate Index means EONIA, EURIBOR or LIBOR as used for the calculation of interests on a Loan in accordance with Clause 8.1 (Interest Rate Index).

Interest Rate Index means the interest rate index equal to 120% of the average of the yield evaluations at par, as computed by the Remarketing Agent, of United States Treasury obligations having the term to maturity closest to the Calculation Period (without regard to any potential Interest Rate Mode Conversion Dates in the Calculation Period); provided that for each Calculation Period for the Weekly Mode or the Monthly Mode such United States Treasury obligations shall have a term to maturity of 13 weeks.

Interest Rate Index means the interest rate index used to calculate the applicable prepayment fee payable in connection with prepaying any of the Existing Non-Nomura Mortgage Indebtedness and, provided that such prepayment fee is calculated based upon a "yield maintenance" type formula, where the applicable prepayment fee is determined based upon the excess of the applicable loan interest rate over an interest rate tied to a specified interest rate index (e.g. a rate tied to U.S. Treasury Bills of a specified maturity);

Interest Rate Index means the weekly average yield on United States Treasury Securities adjusted to a constant maturity of one year, as made available by the Federal Reserve Board forty-five (45) days prior to each Rate Adjustment Date.

Interest Rate Index means, for any applicable period, sixty-six and two-thirds percent (66 2/3%) of the average interest rate during such period at which funds in the Payment Fund were invested.