SXXXX definition

SXXXX means, with respect to any applicable determination date, the Sterling Overnight Index Average Reference Rate 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, SXXXX means such rate that applied on the first Business Day immediately prior thereto.

SXXXX means, with respect to any Business Day, a rate per annum equal to the Sterling Overnight Index Average for such Business Day published by the SXXXX Administrator on the SXXXX Administrator’s Website on the immediately succeeding Business Day.

SXXXX means a rate equal to the Sterling Overnight Index Average as administered by the SXXXX Administrator.

Examples of SXXXX in a sentence

By: /s/ Mxxxxxx Xxxxx Name: Mxxxxxx Xxxxx Title: Managing Director By: /s/ Rxxxx Xxxxxxx Name: Rxxxx Xxxxxxx Title: Managing Director GXXXXXX SXXXX & CO.

SXXXX refers to the Overnight Average of Sxxxxxxx Xxxxxxxx in Sxxxxxxx Xxxxxxxx. In accordance with banking practice, the parties agree that the pricing base rate rule under this Contract shall be T-5 day SXXXX, where “T” shall be the date on which the borrowing rate is fixed and “T-5 “shall be the five business days preceding that date.

SXXXX shall have the meaning set forth in the Preamble.

SXXXX means, with respect to any RFR Business Day, a rate per annum equal to the sterling overnight index average for such RFR Business Day published by the Bank of England (or any successor administrator of the sterling overnight index average) on the Bank of England’s website, currently at hxxx://xxx.xxxxxxxxxxxxx.xx.xx (or any successor source for the sterling overnight index average identified as such by the administrator for the sterling overnight index average from time to time).

SXXXX means in respect of any day, the level of the sterling overnight index average provided by the Bank of England as administrator of the benchmark (or a successor administrator) in respect of that day, if that day is a London Business Day, or in respect of the London Business Day immediately preceding that day, if that day is not a London Business Day;

SXXXX. “Canadian BA Rate”, “Canadian Prime Rate” and “Interest Period”, timing and frequency of determining rates and making payments of interest and other technical, administrative or operational matters (including, for the avoidance of doubt, the definitions of “Business Day” and “US Government Securities Business Day”, timing of borrowing requests or prepayment, conversion or continuation notices and length of lookback periods) as may be appropriate, in the discretion of Agent (in consultation with the Administrative Borrower), to reflect the adoption and implementation of such applicable rate(s) and to permit the administration thereof by Agent in a manner substantially consistent with market practice for such currency (or, if Agent determines that adoption of any portion of such market practice is not administratively feasible or that no market practice for the administration of such rate for such currency exists, in such other manner of administration as Agent determines is reasonably necessary in connection with the administration of this Agreement and any other Loan Document).

SXXXX means, with respect to any Business Day, the sterling overnight index average published by the SXXXX Administrator on the SXXXX Administrator’s Website on the immediately succeeding Business Day.