Term CXXXX Rate definition

Term CXXXX Rate has the meaning specified in the definition of “Alternative Currency Term Rate”.
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Term CXXXX Rate means the CXXXX for a tenor comparable to the applicable Interest Period on the day (such day, the “Periodic Term CXXXX Determination Day”) that is two Business Days prior to the first day of such Interest Period, as such rate is published on the CXXXX Administrator’s Website; provided, however, that if as of 1:00 p.m. (Toronto time) on any Periodic Term CXXXX Determination Day the such rate for the applicable tenor has not been published by the CXXXX Administrator, then the rate used will be that as published by the CXXXX Administrator for the first preceding Business Day for which such rate was published by the CXXXX Administrator so long as such first preceding Business Day is not more than three Business Days prior to such Periodic Term CXXXX Determination Day; provided, further, that if the Term CXXXX Rate shall ever be less than the Floor, then Term CXXXX Rate shall be determined to be the Floor for the purposes of this Agreement and the other Loan Documents.
Sample 1
Term CXXXX Rate means, for purposes of any calculation, the rate per annum equal to (a) Term CXXXX for such calculation, plus 0.10%; provided that if the Term CXXXX Rate as so determined would be less than 0.00% per annum, such rate shall be deemed to be 0.00% per annum for the purposes of this Agreement.
Sample 1

Examples of Term CXXXX Rate in a sentence

  • The applicable Alternate Base Rate, Adjusted Term SOFR Rate, Term SOFR Rate, Adjusted Term CXXXX Rate or C$ Prime Rate shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error.

Related to Term CXXXX Rate

  • Term SOFR Rate means, with respect to any Term Benchmark Borrowing and for any tenor comparable to the applicable Interest Period, the Term SOFR Reference Rate at approximately 5:00 a.m., Chicago time, two U.S. Government Securities Business Days prior to the commencement of such tenor comparable to the applicable Interest Period, as such rate is published by the CME Term SOFR Administrator.

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

  • Replacement Reference Rate means a reference rate which is:

  • 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.