Rate Cut definition

Rate Cut. Off Days: 6 New York Banking Days prior to the Floating Rate Payer I Payment Date.
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Rate Cut. Off Days: 6 New York Banking Days prior to the Floating Rate Payer I Payment Date. Floating Rate Payer I Each New York Business Day. Reset Dates: Business Days: New York. Floating Rate Payer I The Net Trust Swap Payment Carryover Additional Floating Amount: Shortfall Amount, if any, on the related Payment Date. Floating Rate Amounts II: Floating Rate Payer II: Party A. Floating Rate Payer II Each [ ], and [ ], commencing [ ], to and including Payment Dates: the Termination Date, subject to adjustment in accordance with the Following Business Day Convention. On the [ ] Floating Rate Payer II Payment Date, the Party A Payment Amount shall be an amount equal to the sum of the Floating Rate Amounts II for: (i) the Floating Rate Payer II Initial Calculation Period and (ii) the Floating Rate Payer II Calculation Period ending on [ ]. Floating Rate Payer From and including [ ] II Initial Calculation Period: to but excluding [ ]. Floating Rate Payer II [ ]%. Floating Rate for Initial Calculation Period: Period End Dates: [ ] and each Floating Rate Payer II Payment Date. Floating Rate Payer II USD - LIBOR - BBA; provided that the Floating Rate Option: Floating Rate shall be determined on the day that is two New York and London Banking Days prior to each Reset Date. Floating Rate Payer II Day Actual/360. Count Fraction: Floating Rate Payer II 3 Months. Designated Maturity: Floating Rate Payer None. II Spread: Floating Rate Payer Not Applicable. II Compounding: Floating Rate Payer The first day of each Calculation II Reset Dates: Period. Business Days: New York. Floating Rate Payer The Net Trust Swap Receipt Carryover II Additional Floating Shortfall Amount, if any, on the Amount: related Payment Date.
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Related to Rate Cut

  • Rate Ceiling The maximum per annum Mortgage Interest Rate permitted under the related Mortgage Note.

  • Rate Cut-Off Date means the second U.S. Government Securities Business Day prior to a redemption date or the Maturity Date.

  • Overdraft Rate means the per annum rate of interest, regardless of compounding frequency, designated by the Financial Institution as its “Overdraft Rate” from time to time.

  • Canadian Dollar means the lawful currency of Canada.

  • Rate Year means July 1st of a given Calendar Year through June 30th of the succeeding Calendar Year.

  • Alternate Currency Letter of Credit means any Letter of Credit denominated in an Alternate Currency.

  • Foreign Currency LC Exposure means, at any time, the sum of (a) the Dollar Amount of the aggregate undrawn and unexpired amount of all outstanding Foreign Currency Letters of Credit at such time plus (b) the aggregate principal Dollar Amount of all LC Disbursements in respect of Foreign Currency Letters of Credit that have not yet been reimbursed at such time.

  • Interest Rate Cap Agreement means, as applicable, an Interest Rate Cap Agreement (together with the confirmation and schedules relating thereto) in form and substance reasonably satisfactory to Lender between Borrower and an Acceptable Counterparty or a Replacement Interest Rate Cap Agreement.

  • Canadian Base Rate Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the Canadian Base Rate in accordance with the provisions of Article II.

  • Rate Card means a document containing prices and descriptions for various advertisement placement options available from a service sector, which sets out the minimum and maximum price of a service.

  • Euro-Dollar Reserve Percentage has the meaning set forth in Section 2.06(c).

  • Alternative Currency Letter of Credit means a Letter of Credit denominated in an Alternative Currency.

  • Interest Reserve Loan Each Actual/360 Mortgage Loan.

  • Foreign Currency Letter of Credit means a Letter of Credit denominated in a Foreign Currency.

  • Interest Rate Cap Provider if any, shall mean the entity listed as the Interest Rate Cap Provider in the Series Term Sheet, in its capacity as obligor under the Class Interest Rate Caps, or if any Replacement Class Interest Rate Caps or Qualified Substitute Cap Arrangements are obtained pursuant to Section 15, the obligor with respect to such Replacement Class Interest Rate Caps or Qualified Substitute Cap Arrangements.

  • Alternative Currency Daily Rate Loan means a Loan that bears interest at a rate based on the definition of “Alternative Currency Daily Rate.” All Alternative Currency Daily Rate Loans must be denominated in an Alternative Currency.

  • Multicurrency LC Exposure means, at any time, the sum of (a) the aggregate undrawn amount of all outstanding Multicurrency Letters of Credit at such time plus (b) the aggregate amount of all LC Disbursements in respect of such Letters of Credit that have not yet been reimbursed by or on behalf of the Borrower at such time. The Multicurrency LC Exposure of any Lender at any time shall be its Applicable Multicurrency Percentage of the total Multicurrency LC Exposure at such time.

  • Rate Floor The minimum per annum Mortgage Interest Rate permitted under the related Mortgage Note. Rating Agency: Initially, each of S&P and Xxxxx’x and thereafter, each nationally recognized statistical rating organization that has rated the Certificates at the request of the Company, or their respective successors in interest. Ratings: As of any date of determination, the ratings, if any, of the Certificates as assigned by the applicable Rating Agencies.

  • Money Market LIBOR Loan means a loan denominated in US Dollars to be made by a Lender pursuant to a LIBOR Auction (including such a loan bearing interest at the Base Rate pursuant to Section 3.2).

  • Dollar LC Exposure means, at any time, the sum of (a) the aggregate undrawn amount of all outstanding Dollar Letters of Credit at such time plus (b) the aggregate amount of all LC Disbursements in respect of such Letters of Credit that have not yet been reimbursed by or on behalf of the Borrower at such time. The Dollar LC Exposure of any Lender at any time shall be its Applicable Dollar Percentage of the total Dollar LC Exposure at such time.

  • Alternative Currency Term Rate Loan means a Loan that bears interest at a rate based on the definition of “Alternative Currency Term Rate.” All Alternative Currency Term Rate Loans must be denominated in an Alternative Currency.

  • Eurodollar Reserve Percentage means, for any day during any Interest Period, the reserve percentage (expressed as a decimal, carried out to five decimal places) in effect on such day, whether or not applicable to any Lender, under regulations issued from time to time by the FRB for determining the maximum reserve requirement (including any emergency, supplemental or other marginal reserve requirement) with respect to Eurocurrency funding (currently referred to as “Eurocurrency liabilities”). The Eurodollar Rate for each outstanding Eurodollar Rate Loan shall be adjusted automatically as of the effective date of any change in the Eurodollar Reserve Percentage.

  • LIBOR Reserve Percentage means the reserve percentage prescribed by the Board of Governors of the Federal Reserve System (or any successor) for "Eurocurrency Liabilities" (as defined in Regulation D of the Federal Reserve Board, as amended), adjusted by Bank for expected changes in such reserve percentage during the applicable Fixed Rate Term.