Interest Rate Setting Date definition

Interest Rate Setting Date means two (2) Business Days before the start of any Interest Period.

Interest Rate Setting Date for each Disbursement, the date on which the Base Fixed Rate is set in accordance with Section 3.03(d) (Interest);

Interest Rate Setting Date means the BUSINESS DAY on the date of BORROWING and each quarterly date occurring after such BUSINESS DAY but coinciding with the INTEREST PAYMENT DATE.

Examples of Interest Rate Setting Date in a sentence

• On every Interest Rate Setting Date, the Facility Agent shall determine the Applicable Margin for the relevant Interest Period based on information with respect to Guarantor EBITDA and Guarantor Senior Debt, which shall be included in a Compliance Certificate delivered by the Borrowers for the most recently-ended Fiscal Quarter prior to such Interest Rate Setting Date (or for the initial Interest Setting Date, the certificate delivered pursuant to Section 4.01(p)).

• The Series Note Calculation Agent will in relation to each Class of Notes, as soon as practicable after the Interest Rate Setting Time on each Interest Rate Setting Date in relation to an Interest Period for that Class of Notes, determine the Interest Rate applicable to that Class of Notes for that Interest Period.

• LIBOR shall mean the three (3)-month LIBOR at approximately 11:00 a.m. (London Time) on the Interest Rate Setting Date.

• For the avoidance of doubt, the Interest Rate Setting Date and Interest Payment Date shall be as set out in the Loan Payment Schedule (substantially in the form of Exhibit “E”) which shall form part of each Note evidencing a Borrowing.

• For purposes of this Agreement, “Business Day” means any day other than (i) a Saturday or Sunday or (ii) a day on which banking institutions are authorized or required by law to be closed in the State of New York or, as used in Interest Rate Setting Date, London.

• The Floating Rate Bonds shall bear such applicable Interest Rate for the Interest Period concerned on its principal amount, which Interest Rate shall be to be repriced and redetermined on each Interest Rate Setting Date.

More Definitions of Interest Rate Setting Date

Interest Rate Setting Date means two (2) Business Days before the start of any Interest Period, provided that in respect of any HK Dollar Loan, the Interest Rate Setting Date shall mean the first day of any Interest Period.

Interest Rate Setting Date shall be the first day of each Interest Period. For avoidance of doubt, the Interest Rate Setting Date shall be as set out in the Loan Payment Schedule (more particularly, Exhibit “E” of this Agreement) which shall be accompanying the Note/s evidencing each Borrowing;

Interest Rate Setting Date means in relation to an Interest Liability the date (if any) specified as such in respect of that Interest Liability;