Reference Rate1 definition

Reference Rate1 means "CMS30 – CMS2", where
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Reference Rate1 means USD CMS 2y, subject to a Minimum Reference Rate1;
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Reference Rate1 means EUR CMS 2y, subject to a Minimum Reference Rate1;
Sample 1

Examples of Reference Rate1 in a sentence

  • On the other hand, if the Range Accrual Reference Rate1 falls or the Range Accrual Reference Rate2 rises, respectively, the market value of the Range Accrual Securities regularly rises.

  • Feature (6): Dual Range Accrual Securities with Interest Rate Threshold (long/short) If the Range Accrual Reference Rate1 rises or the Range Accrual Reference Rate2 falls, respectively, the market value of the Range Accrual Securities regularly rises.

  • On the other hand, if the Range Accrual Reference Rate1 falls or the Range Accrual Reference Rate2 rises, respectively, the market value of the Range Accrual Securities regularly falls.

  • Feature (8): Dual Range Accrual Securities with Interest Rate Threshold (short/short) The Number of Observation Dates in Range means the number of Observation Dates within the respective Interest Period for which the Range Accrual Reference Rate1 (e.g. the 3M- EURIBOR) is below the specified Interest Rate Threshold1 and the Range Accrual Reference Rate2 (e.g. the 3M-WIBOR) is below the specified Interest Rate Threshold2.

  • Feature (7): Dual Range Accrual Securities with Interest Rate Threshold (short/long) If the Range Accrual Reference Rate1 rises or the Range Accrual Reference Rate2 falls, respectively, the market value of the Range Accrual Securities regularly falls.

  • Feature (7): Dual Range Accrual Securities with Interest Rate Threshold (short/long) The Number of Observation Dates out of Range means the number of Observation Dates within the respective Interest Period for which the Range Accrual Reference Rate1 (e.g. the 3M-EURIBOR) is above the specified Interest Rate Threshold1 and the Range Accrual Reference Rate2 (e.g. the 3M-WIBOR) is below the specified Interest Rate Threshold2.

  • Feature (5): Dual Range Accrual Securities with Interest Rate Threshold (long/long) The Number of Observation Dates out of Range means the number of Observation Dates within the respective Interest Period for which the Range Accrual Reference Rate1 (e.g. the 3M-EURIBOR) is below the specified Interest Rate Threshold1 and the Range Accrual Reference Rate2 (e.g. the 3M-WIBOR) is below the specified Interest Rate Threshold2.

  • Feature (7): Dual Range Accrual Securities with Interest Rate Threshold (short/long) The Number of Observation Dates in Range means the number of Observation Dates within the respective Interest Period for which the Range Accrual Reference Rate1 (e.g. the 3M- EURIBOR) is below the specified Interest Rate Threshold1 and the Range Accrual Reference Rate2 (e.g. the 3M-WIBOR) is above the specified Interest Rate Threshold2.

  • Feature (5): Dual Range Accrual Securities with Interest Rate Threshold (long/long) The Number of Observation Dates in Range means the number of Observation Dates within the respective Interest Period for which the Range Accrual Reference Rate1 (e.g. the 3M- EURIBOR) is above the specified Interest Rate Threshold1 and the Range Accrual Reference Rate2 (e.g. the 3M-WIBOR) is above the specified Interest Rate Threshold2.

  • Feature (8): Dual Range Accrual Securities with Interest Rate Threshold (short/short) The Number of Observation Dates out of Range means the number of Observation Dates within the respective Interest Period for which the Range Accrual Reference Rate1 (e.g. the 3M-EURIBOR) is above the specified Interest Rate Threshold1 and the Range Accrual Reference Rate2 (e.g. the 3M-WIBOR) is above the specified Interest Rate Threshold2.


More Definitions of Reference Rate1

Reference Rate1 means [] [month][year]-[EURIBOR (Euro In- terbank Overnight Rate)] [[Insert Currency] [LIBOR (London Inter- bank Overnight Rate)]] (Screen Page: [Insert]).
Sample 1

Related to Reference Rate1

  • Reference Rate means the rate specified as such hereon.

  • SONIA Reference Rate means, in respect of any London Banking Day, a reference rate equal to the daily Sterling Overnight Index Average ("SONIA") rate for such London Banking Day as provided by the administrator of SONIA to authorised distributors and as then published on the Relevant Screen Page (or if the Relevant Screen Page is unavailable, as otherwise is published by such authorised distributors) on the London Banking Day immediately following such London Banking Day; and

  • €STR Reference Rate means, in respect of any TARGET Business Day, a reference rate equal to the daily Euro Short-Term Rate ("€STR") for such TARGET Business Day as provided by the European Central Bank, as administrator of such rate (or any successor administrator of such rate), on the website of the European Central Bank initially at http://www.ecb.europa.eu, or any successor website officially designated by the European Central Bank (the "ECB's Website") (in each case, at the time specified by, or determined in accordance with, the applicable methodology, policies or guidelines on the TARGET Business Day immediately following such TARGET Business Day).

  • Compounded Daily Reference Rate means, with respect to an Interest Period, the rate of return of a daily compound interest investment in the Specified Currency (with the applicable Reference Rate (as indicated in the applicable Final Terms and further provided for below) as the reference rate for the calculation of interest) and will be calculated by the Principal Paying Agent on the relevant Interest Determination Date, as follows, and the resulting percentage will be rounded, if necessary, to the Relevant Decimal Place:

  • Applicable Reference Rate means, collectively or individually, Term SOFR, Daily Compounded XXXXX, XXXXX or the EURIBOR Rate.

  • Reset Reference Rate means, in relation to a Reset Determination Date and subject to Condition 5(b)(iii) and Condition 5(c)(v), if applicable:

  • Original Reference Rate means the originally-specified benchmark or screen rate (as applicable) used to determine the Rate of Interest (or any component part thereof) on the Notes.

  • Replacement Reference Rate means a reference rate which is:

  • Successor Reference Rate means the rate that the relevant Independent Adviser determines is a successor to or replacement of the Reference Rate which is formally recommended by any Relevant Nominating Body.

  • Term SOFR Reference Rate means the forward-looking term rate based on SOFR.

  • Reference Rate of Interest Event means, with respect to the Swap Rate or any subsequent Reference Rate of Interest (the "Reference Rate of Interest") one of the following events:

  • LIBO Base Rate means with respect to each day an Advance is outstanding (or if such day is not a Business Day, the next succeeding Business Day), the rate per annum equal to the rate published by Bloomberg or if such rate is not available, the rate appearing at page 3750 of the Telerate Screen as one-month LIBOR on such date, and if such rate shall not be so quoted, the rate per annum at which the Lender is offered Dollar deposits at or about 11:00 A.M., eastern time, on such date by prime banks in the interbank eurodollar market where the eurodollar and foreign currency and exchange operations in respect of its Advances are then being conducted for delivery on such day for a period of one month and in an amount comparable to the amount of the Advances to be outstanding on such day.

  • Base Rate means a fluctuating interest rate per annum in effect from time to time, which rate per annum shall at all times be equal to the highest of:

  • Prime Rate Spread means the difference (expressed as the number of basis points) between (a) LIBOR plus the Spread on the date LIBOR was last applicable to the Loan and (b) the Prime Rate on the date that LIBOR was last applicable to the Loan; provided, however, in no event shall such difference be a negative number.

  • Prime Rate Margin is one-half of one percent (0.50%).”

  • EURIBOR Rate has the meaning specified in the definition of “Eurocurrency Rate”.

  • LIBOR Base Rate means, for each Interest Period, the London interbank offered rate for six-month deposits in Dollars for value the first day of such Interest Period (or, in the case of the initial Interest Period, for value the Interest Payment Date occurring on or next preceding the first day of such Interest Period), as reasonably determined by the Bank and expressed as a percentage per annum.

  • Applicable Margin means, with respect to Advances of any Type at any time, the percentage rate per annum which is applicable at such time with respect to Advances of such Type as set forth in the Pricing Schedule.

  • U.S. Base Rate means, for any day, the rate of interest per annum equal to the greater of (a) the interest rate per annum publicly announced from time to time by the Administrative Agent as its reference rate in effect on such day at its principal office in Toronto for determining interest rates applicable to commercial loans denominated in U.S. Dollars in Canada (each change in such reference rate being effective from and including the date such change is publicly announced as being effective) and (b) the Federal Funds Effective Rate in effect on such day plus 1/2 of 1%.

  • Adjusted LIBOR Rate means, at any time with respect to any LIBOR Loan, a rate per annum equal to the LIBOR Rate as in effect at such time plus the Applicable Margin Percentage for LIBOR Loans as in effect at such time.

  • LIBOR Daily Floating Rate means, for any day, a fluctuating rate of interest per annum equal to LIBOR as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by Administrative Agent from time to time), at approximately 11:00 a.m., London time, two (2) London Banking Days prior to such day, for Dollar deposits with a term of one (1) month commencing that day; provided that if the LIBOR Daily Floating Rate shall be less than zero, such rate shall be deemed zero for purposes of the Loan Documents.

  • Reference Rate Determination Date means, in relation to any Reference Rate Business Day(i):

  • Alternative Reference Rate means the rate that the Independent Adviser or the Issuer (as applicable) determines has replaced the relevant Reference Rate in customary market usage in the international debt capital markets for the purposes of determining rates of interest in respect of bonds denominated in the Specified Currency and of a comparable duration to the relevant Interest Period, or, if the Independent Adviser or the Issuer (as applicable) determines that there is no such rate, such other rate as the Independent Adviser or the Issuer (as applicable) determines in its discretion (acting in good faith) is most comparable to the relevant Reference Rate;

  • Fee Rate means initially 0.25% per annum, which shall be subject to increase by 0.25% per annum for each Week in respect of which any Failure has occurred and is continuing.

  • Applicable Prime Rate Margin shall have the meaning provided in section 2.7(g).

  • Base Rate Margin has the meaning set forth in the definition of Applicable Margin.