Prime Rate Determination Date definition

Prime Rate Determination Date. The New York Banking Day preceding the applicable Reset Date.
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Prime Rate Determination Date means the New York Banking Day preceding the applicable Reset Date.
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Prime Rate Determination Date means the Business Day before the applicable Reset Date.
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Examples of Prime Rate Determination Date in a sentence

  • Calculation of the Prime RateThe Prime Rate for each Interest Accrual Period will be determined two business days prior to the Ñrst day of such Interest Accrual Period (the ""Prime Rate Determination Date'').

  • The ""Prime Rate'' means, with respect to any Reset Date (in the following order of priority):(1) the arithmetic mean, determined by the Calculation Agent, of the rates (after eliminating certain rates, as described below in this clause (1)) that appear, at 11:00a.m. on the Prime Rate Determination Date, on Reuters USPRIME1 Page as the U.S. dollar prime rate or base lending rate of each bank appearing on that page, provided that at least 3 rates appear.

  • Commencing in Fanuary 1993 and thereafter on each Prime Rate Determination Date until the payment in full of the Class 2-FH and Class 2-SH REMIC Certificates, State Street will ascertain the Prime Rate published in the ‘‘Money Rates'' section of The Wall Street Journal.

  • Commencing in February 1993 and thereafter on each Prime Rate Determination Date until the payment in full of the Class 1-FA, Class 1-SA, Class 1-FB and Class 1-SB REMIC CertiÑcates, State Street will ascertain the Prime Rate published in the ""Money Rates'' section of The Wall Street Journal.

  • Commencing in January 1993 and thereafter on each Prime Rate Determination Date until the payment in full of the Class 2-FH and Class 2-SH REMIC CertiÑcates, State Street will ascertain the Prime Rate published in the ""Money Rates'' section of The Wall Street Journal.

  • Prime Rate The "Prime Rate" means, with respect to any Reset Date (in the following order of priority): (1) the arithmetic mean, determined by the Calculation Agent, of the rates (after eliminating certain rates, as described below in this clause (1)) that appear, at 11:00 a.m. on the Prime Rate Determination Date, on Reuters USPRIME1 Page as the U.S. dollar prime rate or base lending rate of each bank appearing on that page, provided that at least 3 rates appear.

  • Prime Rate The ""Prime Rate'' means, with respect to any Reset Date (in the following order of priority): (1) the arithmetic mean, determined by the Calculation Agent, of the rates (after eliminating certain rates, as described below in this clause (1)) that appear, at 11:00a.m. on the Prime Rate Determination Date, on Reuters USPRIME1 Page as the U.S. dollar prime rate or base lending rate of each bank appearing on that page, provided that at least 3 rates appear.

  • Prime RateThe ""Prime Rate'' means, with respect to any Reset Date (in the following order of priority):(1) the arithmetic mean, determined by the Calculation Agent, of the rates (after eliminat- ing certain rates, as described below in this clause (1)) that appear, at 11:00 a.m. on the Prime Rate Determination Date, on Reuters USPRIME1 Page as the U.S. dollar prime rate or baselending rate of each bank appearing on that page; provided, that at least 3 rates appear.


More Definitions of Prime Rate Determination Date

Prime Rate Determination Date means the New York Banking Day preceding the appli- cable Reset Date.
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Prime Rate Determination Date means the first day of each month, provided, however, that if the first day of any month is not a Business Day, than the Prime Rate Determination Date for such month shall be the Business Day immediately preceding the first day of the month in question. Notwithstanding the foregoing, the initial Prime Rate Determination Date shall be the Effective Date.
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Prime Rate Determination Date means for any Interest Period, the second Prime Rate Business Day preceding the first day of such Interest Period.
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Prime Rate Determination Date means, for each Interest Period, the related LIBOR Determination Date (or, if any such LIBOR Determination Date is not a Business Day, the preceding Business Day).
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Prime Rate Determination Date with respect to any Interest Period subsequent to the initial Interest Period, means the second Business Day immediately preceding the first day of the Interest Period.]
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Related to Prime Rate Determination Date

  • Reference Rate Determination Date means, in relation to any Reference Rate Business Day(i):

  • Rate Determination Date means two (2) Business Days prior to the commencement of such Interest Period (or such other day as is generally treated as the rate fixing day by market practice in such interbank market, as determined by the Administrative Agent; provided that to the extent such market practice is not administratively feasible for the Administrative Agent, such other day as otherwise reasonably determined by the Administrative Agent).

  • Interest Rate Determination Date means, with respect to any Interest Period, the date that is two Business Days prior to the first day of such Interest Period.

  • Reset Determination Date means, in respect of the First Reset Period, the second Business Day prior to the First Reset Date, in respect of the first Subsequent Reset Period, the second Business Day prior to the Second Reset Date and, in respect of each Subsequent Reset Period thereafter, the second Business Day prior to the first day of each such Subsequent Reset Period;

  • Screen Rate Determination is specified in the applicable Final Terms as the manner in which the Rate of Interest is to be determined and the Reference Rate specified in the applicable Final Terms is not XXXXX or SOFR, the Rate of Interest for each Interest Period will, subject as provided below, be either:

  • LIBOR Determination Date With respect to any Interest Accrual Period for the LIBOR Certificates, the second London Business Day preceding the commencement of such Interest Accrual Period.

  • RMB Rate Calculation Date means the day which is two RMB Rate Calculation Business Days before the due date for payment of the relevant Renminbi amount under the Conditions.

  • Interest Determination Date means, with respect to a Rate of Interest and Interest Accrual Period, the date specified as such hereon or, if none is so specified, (i) the first day of such Interest Accrual Period if the Specified Currency is Sterling or (ii) the day falling two Business Days in London for the Specified Currency prior to the first day of such Interest Accrual Period if the Specified Currency is neither Sterling nor euro or (iii) the day falling two TARGET Business Days prior to the first day of such Interest Accrual Period if the Specified Currency is euro.

  • Base Rate Term SOFR Determination Day has the meaning specified in the definition of “Term SOFR”.

  • Reset Interest Determination Date means, in respect of any Reset Period, the day falling two Business Days prior to the beginning of the relevant Reset Period;

  • Fixed Rate Calculation Date means, for any Subsequent Fixed Rate Period, the 30th day prior to the first day of such Subsequent Fixed Rate Period.

  • Extension Determination Date means, in respect of a Series of Covered Bonds, the date falling two Business Days after the expiry of seven days from (and including) the Final Maturity Date of such Covered Bonds.

  • SOFR Determination Date has the meaning specified in the definition of “Daily Simple SOFR”.

  • SOFR Interest Determination Date means the day that is the number of U.S. Government Securities Business Days prior to the Interest Payment Date in respect of the relevant Interest Period, as specified in the applicable Pricing Supplement.In addition to defining the relevant Interest Periods and Interest Payment Dates, the applicable Pricing Supplement shall specify and describe, as applicable, any relevant interest commencement date, interest period end date, interest determination date, index maturity, rate cut-off date, any other terms relating to the particular method of calculating interest on the Compound SOFR Note (including any applicable payment delay, lockout or suspension period, lookback or observation shift) and any other terms applicable specifically to such Compound SOFR Note.Average SOFR NotesUnless otherwise provided for or modified in the applicable Pricing Supplement, Average SOFR Notes will bear interest at a rate per annum equal to Average SOFR (as defined below) plus the Spread.With respect to any Interest Period, unless otherwise specified or modified in the applicable Pricing Supplement, “Average SOFR” will be calculated by the Calculation Agent on each SOFR Interest Determination Date (as defined below) as follows (with the resulting percentage being rounded, if necessary, to the nearest one hundred-thousandth of a percentage point, with 0.000005 being rounded upwards to 0.00001): 0 Where:

  • Rate Calculation Date means the day which is two Rate Calculation Business Days before the due date of the relevant amount under these Conditions;

  • Reset Period means each period from and including the First Reset Date to but excluding the next following Reset Date and thereafter from and including each Reset Date to but excluding the next following Reset Date;