SXXXX Xxxx means an Advance or Loan which, except as otherwise provided in Section 2.11, bears interest based on the Daily Simple SXXXX Xxxx. SXXXX Advances and SXXXX Xxxxx shall be denominated in Pounds Sterling.
SXXXX Xxxx means a Loan that bears interest at a rate based on the SXXXX Xxxx. For the avoidance of doubt, only Loans denominated in Sterling shall bear interest at a rate based on the SXXXX Xxxx.
Examples of SXXXX Xxxx in a sentence
The Administrative Agent and its affiliates or other related entities may engage in transactions that affect the calculation of ABR, SXXXX Xxxx, any alternative, successor or replacement rate or any relevant adjustments thereto, in each case, in a manner adverse to the Borrowers.
More Definitions of SXXXX Xxxx
SXXXX Xxxx meanss, for any day (a “SXXXX Interest Day”), SXXXX for the day that is the fifth Business Day prior to (A) if SXXXX Interest Day is a Business Day, such SXXXX Interest Day or (B) if such SXXXX Interest Day is not a Business Day, the Business Day immediately preceding SXXXX Interest Day. Any change in the SXXXX Rate due to a change in SXXXX shall be effective from and including the effective date of such change in SXXXX without notice to the Borrower. If by 5:00 pm (London time) on the second (2nd) Business Day immediately following any day “i”, SXXXX in respect of such day “i” has not been published on the SXXXX Administrator’s Website and a Benchmark Replacement DateDiscontinuation Event with respect to SXXXX has not occurred, then SXXXX for such day “i” will be SXXXX as published in respect of the first preceding Business Day for which SXXXX was published on the SXXXX Administrator’s Website; provided that SXXXX determined pursuant to this sentence shall be utilized for purposes of calculation of the SXXXX Xxxx for no more than three (3) consecutive Business Days. The SXXXX Rate shall be deemed to not be less than 0.00% per annum in all cases.
SXXXX Xxxx means, with respect to any Borrowing denominated in Sterling, the rate per annum equal to SXXXX for the date that is five SXXXX Business Days preceding such date, as such SXXXX is published by the SXXXX Administrator on the SXXXX Administrator’s Website. If the SXXXX Rate shall be less than zero, such rate shall be deemed to be zero for the purposes of this Agreement.
SXXXX Xxxx. Fxxxxx Xxxx" and "Fxxxxxx Macs". (xxxi) "U.S. Securities" shall mean Securities issued by an issuer that is organized under the laws of the United States or any State thereof or that are otherwise traded in the United States, and shall include American Depositary Receipts. (xxxii) "Written Instructions" shall have the meaning assigned thereto in Section 10 hereof. Section 2 -
SXXXX Xxxx 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 Xxxx means such rate that applied on the first Business Day immediately prior thereto.
SXXXX Xxxx means, for any day, with respect to any Borrowing of SXXXX Xxxxx, the rate per annum equal to SXXXX determined pursuant to the definition thereof plus the SXXXX Adjustment; provided, that, if any SXXXX Xxxx shall be less than zero, such rate shall be deemed zero for purposes of this Agreement. Any change in a SXXXX Xxxx shall be effective from and including the date of such change without further notice.