Rate Set Date definition

Rate Set Date means, (1) with reference to any Eurodollar Rate Loan, (i) the date on which the initial rate applicable to such Loan is set and (ii) (a) in the case of Loans with Interest Periods of 3 months or less, the date of commencement of each successive Interest Period for such Loan and (b) in the case of Loans with Interest Periods of greater than 3 months, the date which is the end of each successive 3-month period, (2) with reference to any Floating Rate Loan and the Applicable Commitment Fee Rate, the Closing Date and the first Business Day of each calendar quarter thereafter, (3) with respect to all Loans, the date on which any change in a Status occurs and (4) notwithstanding the foregoing, during such time when the Index is unavailable, as further described in Section 3.3(b).
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Rate Set Date means the date on which the Issuer announces the Interest Rate for the first Calculation Period in accordance with the applicable Offer Documents.
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Rate Set Date means the first day of the Quarterly Payment Period.
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Examples of Rate Set Date in a sentence

  • Rate Set Date in relation to a Funding Period, two Business Days before the first day of that Funding Period.

  • Changes in the applicable margin shall become effective as of the Rate Set Date based upon the Leverage Ratio of the previous Interest Period.

  • If the Agent Bank for any reason does not determine by close of business on the relevant Rate Set Date (as defined in the Note Conditions) the Interest Rates for the Class [ ] Notes, or calculate an Interest Amount (each as defined in the Note Conditions), the Note Trustee must do so and each such determination or calculation will be as if made by the Agent Bank for the purposes of the Note Conditions.

  • Each Rate is adjusted, on 1 January, 1 April, 1 July and 1 October in each Calendar Year commencing on the first such date to occur after the Rate Set Date (each an Adjustment Date), by multiplying it by the Escalation Factor.

  • No principal shall be payable during the period commencing with the Closing Date and ending on the twelfth LIBO Rate Set Date following the Conversion Date (the “Interest Only Period”).


More Definitions of Rate Set Date

Rate Set Date means the date specified as such in the LDD.
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Rate Set Date means, for any Series of Senior Notes, the date two Business Days prior to the Issuance Date of such Series of Notes.
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Rate Set Date means the "Rate Set Date" specified in Section 2, "Important Dates". "RBNZ" means the Reserve Bank of New Zealand.
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Rate Set Date means the date following the Bookbuild and preceding the Offer on which the Issuer announces the Margin and the Interest Rate for the first Calculation Period.
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Rate Set Date means the date specified as such in the PDS.
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Rate Set Date in relation to an Accrual Period means the first day of the relevant Accrual Period.
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Rate Set Date in relation to an Accrual Period means the first day of that Accrual Period.
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