Interest Settlement Rates definition

Interest Settlement Rates. Those rates which are displayed on the Designated Telerate Page. Issuer or Trust: GreenPoint Home Equity Loan Trust 2001-2, a Delaware business trust, until a successor replaces it and, thereafter, such successor.

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Interest Settlement Rates. Those rates which are displayed on the Designated Telerate Page. ISSUER or TRUST: GreenPoint Home Equity Loan Trust 2003-1, a Delaware statutory trust, until a successor replaces it and, thereafter, such successor. ISSUER ORDER and ISSUER REQUEST: A written order or request signed in the name of the Issuer by any one of its Authorized Officers and delivered to the Indenture Trustee.

Interest Settlement Rates on the Telerate System ("Telerate"), Page 3750 or Page 3740, or such other page or pages as may replace such pages on Telerate for the purpose of displaying such rate; provided, however, that if such rate is not available on Telerate, then such offered rate shall be otherwise independently determined by the Bank from an alternate, substantially similar independent source available to the Bank or shall be calculated by the Bank by a substantially similar methodology as that theretofore used to determine such offered rate in Telerate.

Examples of Interest Settlement Rates in a sentence

• ICE’s Interest Settlement Rates are currently displayed on Bloomberg L.P.’s page “BBAM.” That page, or any other page that may replace page BBAM on that service or any other service that ICE nominates as the information vendor to display the ICE’s Interest Settlement Rates for deposits in U.S. dollars, is a “Designated Page.” ICE’s Interest Settlement Rates currently are rounded to five decimal places.

• Such Interest Settlement Rates are calculated by eliminating the four highest rates and the four lowest rates, averaging the eight remaining rates, carrying the result (expressed as a percentage) out to six decimal places, and rounding to five decimal places.

• Interest Settlement Rates currently are based on rates quoted by sixteen BBA designated banks as being, in the view of such banks, the offered rate at which deposits are being quoted to prime banks in the London interbank market.

• Interest Settlement Rates Page and any ABR which is based upon the Prime Rate.

• Interest Settlement Rates Page and any ABR Loan which is based upon the Prime Rate or the Canadian Prime Rate.

• Interest Settlement Rates Page and any ABR Loan which is based upon the Prime Rate.

• The "Interest Settlement Rates" currently are based on rates quoted by 16 British Bankers' Association designated banks as being in the view of such banks, the offered rate at which deposits are being quoted to prime banks in the London interbank market.

• Interest Settlement Rates Page and any ABR Loan which is based upon the Prime Rate, the Canadian Base Rate or the Canadian Prime Rate.

• Interest Settlement Rates Page" shall mean the display designated as Page 3750 ------------------------------ on the Telerate System Incorporated Service (or such other page as may replace such page on such service for the purpose of displaying the rates at which Dollar deposits are offered by leading banks in the London interbank deposit market).

• Interest Settlement Rates, of the Reuters America Network, a service of Reuters America Inc.

More Definitions of Interest Settlement Rates

Interest Settlement Rates on the Telerate System ("TELERATE"), page 3750 or Page 3740, or such other page or pages as may replace such pages on Telerate for the purpose of displaying such rate. Provided, however, that if such rate is not available on Telerate then such offered rate shall be otherwise independently determined by Lender from an alternate, substantially similar independent source available to Lender or shall be calculated by Lender by a substantially similar methodology as that theretofore used to determine such offered rate in Telerate. "LONDON BUSINESS DAY" means any day other than a Saturday, Sunday or a day on which banking institutions are generally authorized or obligated by law or executive order to close in the City of London, England. Each change in the rate to be charged on the Notes will become effective without notice on the commencement of each Interest Period based upon the Index then in effect. If the Reference Lender is not participating in any LIBOR Advances during any Interest Period therefor (pursuant to Section 4.4 or for any other reason), the LIBOR Rate for such Advances for such Interest Period shall be determined by reference to the amount of the Advances which the Reference Lender would have made had it been participating in such Advances.

Interest Settlement Rates. Those rates which are displayed on the Designated Telerate Page.

Interest Settlement Rates. Those rates which are displayed on the Designated Telerate Page. Issuer or Trust: Sequoia Mortgage Trust 200_-_, a Delaware statutory trust, until a successor replaces it and, thereafter, such successor.