Relevant Rate definition
Relevant Rate means the Benchmark for a Representative Amount of the Specified Currency for a period (if applicable or appropriate to the Benchmark) equal to the Specified Duration commencing on the Effective Date.
Relevant Rate means (i) with respect to any Term Benchmark Borrowing, the Adjusted Term SOFR Rate or (ii) with respect to any RFR Borrowing, the Adjusted Daily Simple SOFR, as applicable.
Relevant Rate means the Benchmark for a Calculation Amount of the Relevant Currency for a period (if applicable or appropriate to the Benchmark) equal to the relevant Interest Period;
Examples of Relevant Rate in a sentence
Furthermore, if any Term Benchmark Advance is outstanding on the date of the Borrower’s receipt of notice of the commencement of a Benchmark Unavailability Period with respect to a Relevant Rate applicable to such Term Benchmark Advance, then until such time as a Benchmark Replacement is implemented pursuant to this Section 3.3, any Term Benchmark Advance shall on the last day of the Interest Period applicable to such Advance, be converted by the Agent to, and shall constitute an ABR Advance.
More Definitions of Relevant Rate
Relevant Rate means with respect to any Credit Extension denominated in (a) Dollars, Term SOFR, (b) ▇▇▇▇▇▇▇▇, ▇▇▇▇▇, and (c) Euros, EURIBOR, as applicable.
Relevant Rate means the offered rate for a Representative Amount of the Relevant Currency for a period (if applicable) equal to the Specified Duration (or such other rate as shall be specified in the relevant Final Terms);
Relevant Rate. (i) with respect to any Term Benchmark Loan, the Adjusted Term SOFR Rate or (ii) with respect to any RFR Loan, the Adjusted Daily Simple SOFR Rate, as applicable.
Relevant Rate means (i) with respect to any Term Benchmark Borrowing denominated in Dollars, the Adjusted Term SOFR Rate and (ii) with respect to any Term Benchmark Borrowing denominated in Euros, the EURIBOR Rate.
Relevant Rate means with respect to any Loans denominated in (a) Dollars, Term SOFR or Daily Simple SOFR, (b) Pounds ▇▇▇▇▇▇▇▇, ▇▇▇▇▇ or (c) Euros, EURIBOR, as applicable.
Relevant Rate means, with respect to any Loan denominated in (a) ▇▇▇▇▇▇▇▇, ▇▇▇▇▇ and (b) Euros, EURIBOR, as applicable.
Relevant Rate means (a) with respect to any Term SOFR Advance, the Adjusted Term SOFR and (b) with respect to any Daily Simple SOFR Advance, the Adjusted Daily Simple SOFR.