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, 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.
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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.
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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.

  • Term Loan Rate means an interest rate per annum equal to (a) the sum of the Alternate Base Rate plus the Applicable Margin with respect to Domestic Rate Loans and (b) the sum of the Eurodollar Rate plus the Applicable Margin with respect to Eurodollar Rate Loans.

  • Applicable LIBOR Margin means a per annum rate of interest payable in addition to the LIBOR Rate on LIBOR Rate Loans, determined by reference to Section 1.6.

  • Weighted Average Advance Rate means, as of any date of determination with respect to all Eligible Collateral Loans included in the Aggregate Net Collateral Balance, the number obtained by (a) summing the products obtained by multiplying (i) the Advance Rate of each Eligible Collateral Loan by (ii) such Eligible Collateral Loan’s contribution to the Aggregate Net Collateral Balance and dividing (b) such sum by the Aggregate Net Collateral Balance.

  • USD LIBOR means the London interbank offered rate for U.S. dollars.

  • Replacement Reference Rate means a reference rate which is:

  • Term Loan Percentage means, for each Lender, the percentage of the Term Loan Commitments represented by such Lender’s Term Loan Commitment or, if the Term Loan Commitments have been terminated or have expired, the percentage held by such Lender of the aggregate principal amount of all Term Loans then outstanding.

  • Applicable L/C Margin means the per annum fee, from time to time in effect, payable with respect to outstanding Letter of Credit Obligations as determined by reference to Section 1.5(a).

  • Incremental Term Loan Maturity Date means the final maturity date of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • 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.