Rate X definition

Rate X and Rate "Y" means, in relation to a SwapClear Transaction or a SwapClear Contract, the outstanding payment obligations of each party to the transaction, such that Rate X comprises the outstanding payment obligations of one party to the other and Rate Y comprises the outstanding payment obligations of the other party to the first party

Rate X and Rate "Y" means, in relation to a SwapClear Transaction or a

Rate X and Rate "Y" means, in relation to a SwapClear Transaction or a SwapClear Contract, the outstanding payment obligations of each party to the transaction, such that Rate X comprises the outstanding payment obligations of one party to the other and Rate Y comprises the outstanding payment obligations of the other party to the first party "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 a match where the relevant Rates Exchange Rules permit the matching of Rates Exchange Particulars that consist of the sale or purchase of an Listed Interest Rates Eligible Product and the corresponding purchase or sale, as the case may be, of an Listed Interest Rates Eligible Product "Rates Exchange Particulars" means the orders or other trade particulars submitted in respect of the sale or purchase of Listed Interest Rates Eligible Products, to an Rates Exchange in accordance with the relevant Rates Exchange Rules by, or on behalf of, an Listed Interest Rates Clearing Member "Rates Exchange Rules" means the rules, regulations, administrative procedures, Memorandum and Articles of Association of by-laws which regulate a Rates Exchange and the market administered by it as notified from time to time to the Clearing House "Rates Service" means the SwapClear Service and the Listed Interest Rates Service "Rates Service Business" means SwapClear Business and/or Listed Interest Rates Business (as applicable) "Rates Service Clearing House Business" means SwapClear Clearing House Business and/or Listed Interest Rates Clearing House Business (as applicable) "Rates Service Clearing Member" means a Clearing Member which is a SwapClear Clearing Member and/or a Listed Interest Rates Clearing Member "Rates Service Client Clearing Business" means SwapClear Client Clearing Business and/or Listed Interest Rates Client Clearing Business (as applicable) "Rates Service Default Fund" means the combined service default fund established pursuant to the Rates Service Default Fund Supplement – SwapClear and the Rates Service Default Fund Supplement– Listed Interest Rate

Examples of Rate X in a sentence

• The Interest payable on any Interest Payment Date in respect of each Note is as follows: Loan Interest Rate X Series Specific Loan Principal Amount Outstanding X Day Count Where:Series Specific Loan Principal Amount Outstanding, is the principal amount of the SeriesSpecific Loans which is scheduled to be outstanding (even if the principal amount is redeemed later) on the day immediately before the Loan Interest Payment Date which is immediately before the Interest Payment Date.

• The Interest payable on any Interest Payment Date in respect of each Note is as follows: Loan Interest Rate X Series Specific Loan Principal Amount Outstanding X Day Count Where:Series Specific Loan Principal Amount Outstanding, is the principal amount of the Series Specific Loans which is scheduled to be outstanding (even if the principal amount is redeemed later) on the day immediately before the Loan Interest Payment Date which is immediately before the Interest Payment Date.

• The Interest payable on any Interest Payment Date in respect of each Note is as follows: Rate X Series Specific Loan Principal Amount Outstanding X Day CountWhere: Series Specific Loan Principal Amount Outstanding, is the principal amount of the Series Specific Loans which is scheduled to be outstanding (even if the principal amount is redeemed later) on the day immediately before the Loan Interest Payment Date which is immediately before the Interest Payment Date.

• RTP Hourly Energy Charge = ∑ {Hourly RTP Rate X (Hourly Consumption - CBLConsumption)}where:∑ = The summation of the RTP charges and credits for each hour of the current billing month.

• Rate "X" Lighting only service Hourly Lamp Rating in Cu.Ft. ChargePer Lamp Per Month ($)1.99 cu.ft.

• Current Interest means, with respect to a Calculation Date, an amount of interest due for theimmediately preceding Interest Period, calculated as follows: Target Interest Rate X Notional Principal Amount X Target Day Count Fraction.

• The MMIS system then pays the actual billed amount up to the Maximum Allowable Rate X 1.75.

• A Plan Participant’s Award is determined by the following formula: Eligible Earnings X Participation Rate X Payout Award Percentage.

• RTP Hourly Energy Charge = Σ{Hourly RTP Rate X (Hourly Consumption - CBLConsumption)}where:Σ = The summation of the RTP charges and credits for each hour of the current billing month.

• The formulas as stipulated below will specify if the Note have a Redemption Amount at 100% of the capital invested less fees or not.DefinitionThe Variable Linked Redemption Amount can be constituted out of the next formula(s): = + [ × ( i × max(%i, (i, %i)) + i)]The Final Terms will specify the parameters (Participation Rate, X%, Y%) of the specific issue (see introduction).

More Definitions of Rate X

Rate X means NEP’s short term avoided energy cost calculated by NEP in accordance with the methodology described in Appendix A, attached hereto and incorporated herein by reference, such calculation to be provided to Seller on a timely basis for review.