Rate Change Notice definition

Rate Change Notice means a member circular delivered by the Clearing House toall SwapClear Members pursuant to 1.12 of Section 2C of the Procedures, containing at least the following information: (i) the Rate Change Effective Date; (ii) the Impacted SwapClear Contract Types; (iii) the interest rate to be used for purposes of calculating PAI and the Price Alignment Amount from, and including, the Rate Change Effective Date; (iv) the rate to be used for purposes of constructing the Clearing House’s zero coupon yield curves under 1.7.2 of Section 2C of the Procedures to calculate the net present value of the Impacted SwapClear Contracts from, and including, the Rate Change Effective Date; and (iv) the Rate Change Annex (if any) that shall apply in relation to the change to the interest rate referred to above and any dates or information required to be communicated pursuant to such Rate Change Annex."Rates Exchange"means any trading platform approved as such from time to time by the Clearing House in respect of the Listed Interest Rates Service"Rates Exchange Match"means, in respect of a Rates Exchange, a match made on such Rates Exchange of Rates Exchange Particulars submitted by, or on behalf of, Listed Interest Rates Clearing Members, which is made either: (i) other than through an order book of the Rates Exchange; or(ii) through an order book of the Rates Exchange, and in each case:(a) which the Clearing House and the Rates Exchange have agreed will be cleared in accordance with, and subject to, the Rates Exchange Rules and the Rulebook via the Listed Interest Rates Open Offer clearing mechanism (and not via novation under Regulation 109); and (b) regardless of whether such match is described or characterised as a trade, transaction or agreement in the relevant Rates Exchange Rules
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Rate Change Notice means, in relation to a change in an interest rate identified in a Rate Change Notice, the date on which such change shall take effect, as identified in the related Rate Change Notice.means a member circular delivered by the Clearing House to all SwapClear Members pursuant to 1.12 of Section 2C of the Procedures, containing at least the following information:
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Rate Change Notice means a member circular delivered by the Clearing House to all SwapClear Members pursuant to 1.12 of Section 2C of the Procedures, containing at least the following information:(i) the Rate Change Effective Date;
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Examples of Rate Change Notice in a sentence

  • Auction Date means, in relation to a Rate Change Notice relating to SOFR, the date specified as such by the Clearing House in such Rate Change Notice, being the date on which the auctions referred to herein and the Cash Settlement Supplement shall be held and certain amounts payable hereunder shall be calculated.

  • The date such Rate Change Notice is sent shall be the “Rate Change Notice Date.” A Rate Change Notice shall state the new Interest Rate, the date the new Interest Rate will become effective, the name and phone number of a person who will answer questions regarding the Rate Change Notice, and such other information as may be necessary or appropriate.

  • If the Clearing House chooses an alternative interest rate for purposes of calculating PAI and Price Alignment Amount pursuant to the immediately foregoing paragraph it shall notify all SwapClear Clearing Members in writing by delivering a Rate Change Notice.

  • Cash Only Election Cut-Off Date is the date specified as such by the Clearing House in a Rate Change Notice relating to SOFR, being the date by which FCM Clearing Members must deliver any Cash Only Election Notices to the Clearing House.

  • A Rate Change Notice may be sent and delivered by U.S. Mail, electronic mail, facsimile transmission or hand delivery.

  • If the Clearing House chooses an alternative interest rate for the purposes of calculating PAI and Price Alignment Amount pursuant to Section 1.12, it shall notify all SwapClear Clearing Members in writing by delivering a Rate Change Notice.

  • If you do not terminate or modify the affected Services within the applicable Rate Change Notice time period, then you shall be deemed to have automatically accepted the change to your Charges, unless your affirmative, express consent to such change is required under applicable Law.

  • Following such Rate Change Notice by either Party, and without the need for any written amendment or further Commission action, CLEC’s billing tables will be updated to reflect (and CLEC shall pay) the Modified Rate(s), pursuant to timeframes as specifically set forth in Section 1.2.1.1 below and Section 1.2.1.3 below, and the Modified Rate(s) will be deemed effective between the Parties as provided in Section 1.2.1.1 below and Section 1.2.1.3 below.

  • If you seek to terminate or modify the Services affected by the Rate Change Notice, then you must terminate or modify your affected Services within the applicable Rate Change Notice time period.

  • Each such notice (each an "Interest Rate Change Notice") shall specify the desired interest rate, the amount of the Term Loan to which such interest rate shall apply and the initial Interest Period applicable thereto.


More Definitions of Rate Change Notice

Rate Change Notice shall have the meaning assigned thereto in Section 5(i).
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Rate Change Notice shall have the meaning assigned thereto in Section 3(e).
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Rate Change Notice has the meaning specified in Section 5.1(p) (Information).
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Rate Change Notice shall have the meaning assigned thereto in Section 3(g). US_ACTIVE\126495096\V-12
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Rate Change Notice means a member circular delivered by the Clearing House to
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Related to Rate Change Notice

  • Interest Rate Change Date The date on which the Mortgage Interest Rate is subject to change as provided in the related Mortgage Note.

  • Fundamental Change Notice has the meaning specified in Section 3.05(b).

  • Change Notice is defined in Section 3.5(a) of this Agreement.

  • Reset Notice has the meaning specified in Section 3.07.

  • ECB Recommended Rate Index Cessation Event means the occurrence of one or more of the following events, as determined by the Issuer and notified by the Issuer to the Calculation Agent:

  • Exchange Notice has the meaning set forth in Section 2.1(a)(iii).

  • Make-Whole Fundamental Change Conversion Period has the following meaning:

  • Change of Control Notice means notice of a Change of Control Offer made pursuant to Section 3.8, which shall be mailed first-class, postage prepaid, to each record Holder as shown on the Note Register within 30 days following the date upon which a Change of Control occurred, with a copy to the Trustee, which notice shall govern the terms of the Change of Control Offer and shall state:

  • Reference Interest Rate Transition Event means the occurrence of one or more of the following events with respect to the then-current Reference Interest Rate:

  • Acceleration Notice shall have the meaning specified in Section 6.2.

  • Ratings Decline Period means the period that (i) begins on the earlier of (a) the date of the first public announcement of the occurrence of a Change of Control and (b) the occurrence of a Change of Control and (ii) ends 90 days following consummation of such Change of Control; provided that such period shall be extended for so long as the rating of the Notes, as noted by the applicable Rating Agency, is under publicly announced consideration for downgrade by the applicable Rating Agency.

  • Applicable Maturity Date has the meaning assigned to such term in Section 2.25(a).

  • Applicable Maturity means: (a) in relation to Screen Rate Determination, the period of time designated in the Reference Rate, and (b) in relation to ISDA Determination, the Designated Maturity.

  • Determination Notice is defined in Section 6.1(b)(i) of the Agreement.

  • Form of Fundamental Change Repurchase Notice means the “Form of Fundamental Change Repurchase Notice” attached as Attachment 2 to the Form of Note attached hereto as Exhibit A.

  • Fundamental Change Repurchase Notice shall have the meaning specified in Section 15.02(b)(i).

  • Notice of Interest Rate Election has the meaning set forth in Section 2.10.

  • Specified Event has the meaning given to such term in the definition of “Consolidated EBITDA.”

  • Pricing Rate Period means, with respect to any Transaction and any Remittance Date (a) in the case of the first Pricing Rate Period, the period commencing on and including the Purchase Date for such Transaction and ending on and excluding the following Remittance Date, and (b) in the case of any subsequent Pricing Rate Period, the period commencing on and including the immediately preceding Remittance Date and ending on and excluding such Remittance Date; provided, however, that in no event shall any Pricing Rate Period for a Purchased Asset end subsequent to the Repurchase Date for such Purchased Asset.

  • SOFR Reset Date means each Business Day during the relevant Interest Period, provided however that if both a Benchmark Event and a SOFR Index Cessation Date have occurred, it shall mean: (i) in respect of the period from, and including, the first day of the Interest Period in which the SOFR Index Cessation Date falls (such Interest Period, the “Affected Interest Period”) to, but excluding, the SOFR Index Cessation Date (such period, the “Partial SOFR Period”), each Business Day during the Partial SOFR Period; (ii) in respect of the period from, and including, the SOFR Index Cessation Date to, but excluding, the Interest Payment Date in respect of the Affected Interest Period (such period, the “Partial Fallback Period”), each New York City Banking Day during the Partial Fallback Period; and (iii) in respect of each Interest Period subsequent to the Affected Interest Period, each New York City Banking Day during the relevant Interest Period.

  • Designated Event with respect to X means that:—

  • Climate Change Levy or “CCL” means the tax referred to in schedule 6 of the Finance Act 2000;

  • climate change means a change of climate which is attributed directly or indirectly to human activity that alters the composition of the global atmosphere and which is in addition to natural climate variability observed over comparable time periods.

  • Pricing Rate Determination Date means with respect to any Pricing Rate Period with respect to any Transaction, the second (2nd) Business Day preceding the first day of such Pricing Rate Period.

  • Rate Determination Notice has the meaning specified in Section 3.07(g).

  • Subsequent Fixed Rate Period means for the initial Subsequent Fixed Rate Period, the period commencing on July 1, 2020 and ending on and including June 30, 2025 and for each succeeding Subsequent Fixed Rate Period, the period commencing on the day immediately following the end of the immediately preceding Subsequent Fixed Rate Period and ending on and including June 30 in the fifth year thereafter.