Rate Variance Factor definition

Rate Variance Factor means the number, computed from time to time in good faith by the Agent (with the written consent of each Administrative Agent), that reflects the largest potential variance (from minimum to maximum) in selected interest rates over a period of time selected by the Agent from time to time, set forth in written notice by the Agent to each Administrative Agent, the Transferor and the Collection Agent.

Rate Variance Factor means a number greater than one that reflects the potential variance in selected interest rates over a period of time designated by the Administrator, as specified by the Administrator from time to time, notified to the Seller and set forth in the Seller Report in accordance with the provisions thereof; provided that the "Rate Variance Factor" may be changed from time to time upon at least five days' prior notice to the Servicer. The initial Rate Variance Factor shall be 1.25.

Rate Variance Factor has the meaning set forth in Appendix B.

Examples of Rate Variance Factor in a sentence

• The "Rate Variance Factor" means such percentage per annum not exceeding 2% as the Administrative Agent (upon direction of the Required Purchasers) may designate from time to time.

• The Administrative Agent will provide the Seller and the Servicer (if not Lexmark) with a report in substantially the form of Exhibit E hereto showing the Discount attributable to each Tranche for its then current Tranche Period prior to the third Business Day of each month and otherwise upon the reasonable request of the Seller and setting forth the Rate Variance Factor then in effect.

• The "Rate Variance Factor" means such percentage per annum not exceeding 2% as the Administrative Agent may designate from time to time in its sole discretion.

• The "Run Off Discount" at any time means an amount determined as follows: ROD = PI x (PR + RVF) x AAM --------------------- 360 where: ROD = the Run Off Discount at such time; PI = the Total Purchasers' Investment at such time; PR = the Alternate Reference Rate at such time; AAM = the Adjusted Average Maturity of the Receivables Pool, as determined pursuant to Part V; and RVF = the Rate Variance Factor deemed to be in effect at such time, as determined pursuant to Part I.F.

• The "Rate Variance Factor" means, during any Yield Period, such percentage per annum not exceeding 2% as the Agent may designate from time to time in its sole discretion.

More Definitions of Rate Variance Factor

Rate Variance Factor means such percentage per annum not exceeding 2% as the Administrative Agent may designate from time to time in its sole discretion.

Rate Variance Factor means two (2); provided, that the “Rate Variance Factor” may be changed from time to time by the Agent (if such change is necessary or desirable in the reasonable credit judgment of the Agent) upon at least five Business Days’ prior written notice to the Servicer; provided, further, that the Agent may not decrease the “Rate Variance Factor” below two (2) without the prior written consent of each Rating Agency.

Rate Variance Factor means that number which reflects the Deal Agent's reasonable estimate of the potential variance in selected interest rates over a period of time designated by the Deal Agent, as shall be computed from time to time by the Deal Agent. The Deal Agent shall notify the Servicer in writing of the Rate Variance Factor in effect from time to time.

Rate Variance Factor means 1.25.

Rate Variance Factor means 1.50.

Rate Variance Factor means (i) 1.2, or (ii) that number which reflects the potential variance in one month LIBO Rates as notified by the Program Agent to the Servicer from time to time.

Rate Variance Factor has the meaning set forth in APPENDIX B.