SARON definition

SARON means, in respect of any Zurich Banking Day, the Swiss Average Rate Overnight for such Zurich Banking Day published by the SARON Administrator on the SARON Screen Page (as defined below) at the SARON Relevant Time on such Zurich Banking Day;

SARON means a rate equal to the Swiss Average Rate Overnight as administered by the SARON Administrator.

SARON means, with respect to any applicable determination date, the Swiss Average Rate Overnight published on the fifth Business Day preceding such date on the applicable Reuters screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time); provided however that if such determination date is not a Business Day, SARON means such rate that applied on the first Business Day immediately prior thereto.

Examples of SARON in a sentence

• Investors should carefully consider how any mismatch between the adoption of such rates across these markets may impact any hedging or other financial arrangements which they may put in place in connection with any acquisition, holding or disposal of any Notes referencing SONIA, SOFR, €STR or SARON.

• The Sub-Fund is actively managed and its benchmark is the ICE BofA SARON Overnight Rate Index.

• The SARON in any month shall be the official fixing on the last working day of the previous month.

• For further information please refer to section 10 (Tax Provisions) and 11 (Costs and Fees).5 Where the sub-fund is liquidated, the Management Company and/or the depositary may charge a liquidation fee of not more than CHF 10,000 for its own benefit.6 The flat-rate remuneration is made up of two components: a fixed fee and an interest-linked fee using the Swiss Average Rate Overnight (SARON).

• After Libya's independence in 1951, which was supported by the U.S. at the UN, the U.S. established the Wheelus Air Force Base in Libya (in 1954).

More Definitions of SARON

SARON means, in respect of any Business Day, a reference rate equal to the daily Swiss Average Rate Overnight for such Business Day as provided by the SARON Administrator and as then published on the SIX Group's Website at the SARON Specified Time on such Business Day;

SARON means, in respect of any Zurich Banking Day,

SARON means, with respect to any Business Day, a rate per annum equal to the Swiss Average Rate Overnight for such Business Day published by the SARON Administrator on the SARON Administrator’s Website.

SARON means, with respect to any applicable determination date, (i) the Swiss Average Rate Overnight published on the fifth Business Day preceding such date on the applicable Reuters screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time); provided however that if such determination date is not a Business Day, SARON means such rate that applied on the first Business Day immediately prior thereto minus (ii) 0.0571% per annum.

SARON means the Swiss Average Rate Overnight as published by the Benchmark Administrator or its agent.

SARON means, with respect to any RFR Business Day, a rate per annum equal to the Swiss Average Rate Overnight for such RFR Business Day published by the SIX Swiss Exchange AG (or any successor administrator for the Swiss Average Rate Overnight) on the SIX Swiss Exchange AG’s website, currently at xxxx://xxx.xxx-xxxxx.xxx (or any successor source for the Swiss Average Rate Overnight identified as such by the administrator for the Swiss Average Rate Overnight from time to time).

SARON with respect to any applicable determination date means the Swiss Average Rate Overnight as published on such date on the applicable Reuters screen page (or if not available, such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time); provided that if such day is not a Business Day, then SARON means such rate published on the Business Day immediately prior thereto; provided that SARON as determined in accordance with the immediately foregoing proviso shall apply to any outstanding Loan based on SARON for no more than four consecutive days.