Original Primary Rate definition

Original Primary Rate means any Reference Rate or ISDA Rate specified in the relevant Final Terms or calculated or determined in accordance with the provisions of these General Instrument Conditions and/or the Coupon Payout Conditions. To the extent that a Replacement Primary Rate is determined to be used in respect of the Instruments, such Replacement Primary Rate shall be an "Original Primary Rate" for the Instruments during the period on which it is used;"
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Original Primary Rate means any Reference Rate or ISDA Rate specified in the relevant Pricing Supplement or calculated or determined in accordance with the provisions of these General Note Conditions or the relevant Pricing Supplement;
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Original Primary Rate means any Reference Rate or ISDA Rate specified in the relevant Final Terms or calculated or determined in accordance with the provisions of these General Note Conditions and/or the Coupon Payout Conditions. To the extent that a Replacement Primary Rate is determined to be used in respect of the Notes, such Replacement Primary Rate shall be an "Original Primary Rate" for the Notes during the period on which it is used;" (g) General Note Condition 8(h) (Substitute or Successor Rate of Interest) on page 218 of the Original Base Prospectus shall be amended by deleting the paragraph thereof in its entirety and replacing it with the following:
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Examples of Original Primary Rate in a sentence

  • Neither the Calculation Agent nor the Issuer shall not have any duty to monitor, enquire or satisfy itself as to whether any Original Primary Rate Event has occurred.

  • An Original Primary Rate: (a) may be materially modified, (b) may cease to be provided permanently or indefinitely, (c) may not be used in certain ways by the Issuer or the Calculation Agent if its administrator or such Original Primary Rate does not obtain authorisation or registration (subject to applicable transitional provisions).

  • For the avoidance of doubt, the provisionsof General Instrument Condition 12(h) ( Original Primary Rate Event) and General Note Condition 8(h) (Original Primary Rate Event), as applicable, shall not apply in respect of such Benchmark Rate upon the occurrence of a Benchmark Transition Event.

  • For the avoidance of doubt, the provisions of General Instrument Condition 12(h) ( Original Primary Rate Event) and General Note Condition 8(h) (Original Primary Rate Event), as applicable, shall not apply in respect of such Benchmark Rate upon the occurrence of a Benchmark Transition Event.

  • If the definition, methodology or formula for an Original Primary Rate, or other means of calculating such Original Primary Rate, is changed or modified (irrespective of the materiality of any such change or changes), then references to that Original Primary Rate shall be to the Original Primary Rate as changed and modified.

  • General Note Condition 8(j) (Substitute or Successor Rate of Interest) shall apply in respect of the 3-Month USD LIBOR (IP) as if it were a "Reference Rate" and as if "Substitute or Successor Rate of Interest" were applicable, and, for these purposes, the 3-Month USD LIBOR (IP) shall be deemed to be an Original Primary Rate.

  • General Note Condition 8(j) (Substitute or Successor Rate of Interest) shall apply in respect of the 3-Month USD LIBOR as if it were a "Reference Rate" and as if "Substitute or Successor Rate of Interest" were applicable, and, for these purposes, the 3-Month USD LIBOR shall be deemed to be an Original Primary Rate.

  • However, the basic methodological approach has been used in several studies of US gas markets (Doan and Spulber, 1994; Walls, 1994; Serletis and Herbert, 1999).


More Definitions of Original Primary Rate

Original Primary Rate means (i) any Reference Rate or ISDA Rate specified in the relevant Issue Terms or calculated or determined in accordance with the provisions of these General Note Conditions and/or the Coupon Payout Conditions, and/or (ii) if the Rate of Interest is "USD
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Original Primary Rate means any Reference Rate or ISDA Rate specified in the relevant Final Terms or calculated or determined in accordance with the provisions of the Conditions or the relevant Final Terms.
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Original Primary Rate means, initially (1) EURIBOR with respect to EURIBOR Secured Notes and (2) LIBOR base rate with respect to LIBOR Secured Notes (other than USD LIBOR Secured Note); provided, that if an Original Primary Rate Event and its related adjustment date have occurred with respect to EURIBOR or LIBOR, as the case may be, the “Original Primary Rate” means the applicable Replacement Primary Rate plus adjustment spread.
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Related to Original Primary Rate

  • Five-year U.S. Treasury Rate means, as of any Reset Dividend Determination Date, as applicable, an interest rate (expressed as a decimal) determined to be the per annum rate (i) equal to the average of the yields on actively traded U.S. treasury securities adjusted to constant maturity, for five-year maturities, for the five Business Days appearing (or, if fewer than five Business Days appear, such number of Business Days appearing) under the caption “Treasury Constant Maturities” in the most recent H.15 as of 5:00 p.m. (Eastern Time); or (ii) if there are no such published yields on actively traded U.S. treasury securities adjusted to constant maturity, for five-year maturities, then the rate will be determined by interpolation between the average of the yields on actively traded U.S. treasury securities adjusted to constant maturity for two series of actively traded U.S. treasury securities, (A) one maturing as close as possible to, but earlier than, the Reset Date following the next succeeding Reset Dividend Determination Date and (B) the other maturing as close as possible to, but later than, the Reset Date following the next succeeding Reset Dividend Determination Date, in each case for the five Business Days appearing (or, if fewer than five Business Days appear, such number of Business Days appearing) under the caption “Treasury Constant Maturities” in the most recent H.15 as of 5:00 p.m. (Eastern Time) as of any date of determination.

  • Recovery Rate means, in relation to any UK Four institution the percentage of the original face value of senior unsecured debt obligations of the affected UK Four institution, as derived by the Calculation Agent from either the ISDA Auction Final Price or the Market Value.

  • Ordinary Rate means the hourly rate of pay for the ordinary hours of work as listed in Appendix B. Ordinary Time Earnings for all purposes in this agreement has the same definition as defined by Superannuation Guarantee Ruling 2009/2. Without limiting the fullness of this definition, in summary and in the context of this agreement, this includes:

  • Applicable Treasury Rate means the weekly average for each Business Day during the most recent week that has ended at least two Business Days prior to the redemption date of the yield to maturity at the time of computation of United States Treasury securities with a constant maturity (as compiled and published in the most recent Federal Reserve Statistical Release H. 15 (or, if such statistical release is not so published or available, any publicly available source of similar market data selected by the Company in good faith)) most nearly equal to the period from the redemption date to May 1, 2022; provided, however, that if the period from the redemption date to May 1, 2022 is not equal to the constant maturity of a United States Treasury security for which a yield is given, the Applicable Treasury Rate shall be obtained by linear interpolation (calculated to the nearest one-twelfth of a year) from the yields of United States Treasury securities for which such yields are given, except that if the period from the redemption date to such applicable date is less than one year, the weekly average yield on actually traded United States Treasury securities adjusted to a constant maturity of one year shall be used.

  • Three-Month Secondary CD Rate means, for any day, the secondary market rate for three-month certificates of deposit reported as being in effect on such day (or, if such day is not a Business Day, the next preceding Business Day) by the Board through the public information telephone line of the Federal Reserve Bank of New York (which rate will, under the current practices of the Board, be published in Federal Reserve Statistical Release H.15(519) during the week following such day) or, if such rate is not so reported on such day or such next preceding Business Day, the average of the secondary market quotations for three-month certificates of deposit of major money center banks in New York City received at approximately 10:00 a.m., New York City time, on such day (or, if such day is not a Business Day, on the next preceding Business Day) by the Administrative Agent from three negotiable certificate of deposit dealers of recognized standing selected by it.

  • Treasury Rate means, with respect to any redemption date, the rate per annum equal to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such redemption date.

  • SOFR Rate means the rate that will be calculated by the Calculation Agent for each Accrual Period on the SOFR Adjustment Date as of the SOFR Determination Time (or, if the Benchmark is not SOFR, the Reference Time) and, except as provided below following a determination by the Administrator that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred, shall mean, with respect to the Class A-2b Notes as of any SOFR Adjustment Date, a rate equal to Compounded SOFR; provided, that, the Administrator will have the right, in its sole discretion, to make applicable SOFR Adjustment Conforming Changes.

  • Turnover Rate means the period of time (usually in hours) required to circulate a volume of water equal to the pool or spa capacity.

  • Original Principal Amount means $296,000,000 for the Class A-1 Notes, $330,000,000 for the Class A-2a Notes, $100,000,000 for the Class A-2b Notes, $428,000,000 for the Class A-3 Notes and $96,000,000 for the Class A-4 Notes.

  • Term SOFR Rate means, with respect to any Term Benchmark Borrowing and for any tenor comparable to the applicable Interest Period, the Term SOFR Reference Rate at approximately 5:00 a.m., Chicago time, two U.S. Government Securities Business Days prior to the commencement of such tenor comparable to the applicable Interest Period, as such rate is published by the CME Term SOFR Administrator.

  • Applicable Interest Rate means the rate of interest prescribed under the Act from time to time;

  • PJM Region Installed Reserve Margin means the percent installed reserve margin for the PJM Region required pursuant to RAA, Schedule 4.1, as approved by the PJM Board. PJM Region Peak Load Forecast: