Term XXXXX means, for the applicable corresponding tenor, the forward-looking term rate based on XXXXX that has been selected or recommended by the Relevant Governmental Body, and that is published by an authorized benchmark administrator and is displayed on a screen or other information service, as identified or selected by the Administrative Agent in its reasonable discretion at approximately a time and as of a date prior to the commencement of an Interest Period determined by the Administrative Agent in its reasonable discretion in a manner substantially consistent with market practice.
Term XXXXX with respect to any Term Benchmark Borrowing denominated in Canadian Dollars, the Term XXXXX Reference Rate for a tenor comparable to the applicable Interest Period on the day (such day, the “Periodic Term XXXXX Determination Day”) that is two (2) Business Days prior to the first day of such Interest Period, as such rate is published by the Term XXXXX Administrator; provided, however, that if as of 1:00 p.m. (Toronto time) on any Periodic Term XXXXX Determination Day the Term XXXXX Reference Rate for the applicable tenor has not been published by the Term XXXXX Administrator and a Benchmark Replacement Date with respect to the Term XXXXX Reference Rate has not occurred, then Term XXXXX will be the Term XXXXX Reference Rate for such tenor as published by the Term XXXXX Administrator on the first preceding Business Day for which such Term XXXXX Reference Rate for such tenor was published by the Term XXXXX Administrator so long as such first preceding Business Day is not more than five (5) Business Days prior to such Periodic Term XXXXX Determination Day.
Term XXXXX means, for any calculation with respect to a Term Benchmark Loan denominated in CAD for any Interest Period, the sum of (i) the applicable Term XXXXX Credit Adjustment Spread for such Interest Period and (ii) the Term XXXXX Reference Rate for a tenor comparable to the applicable Interest Period on the day (such day, the “Periodic Term XXXXX Determination Day”) that is two (2) Term Benchmark Business Days prior to the first day of such Interest Period, as such rate is published by the Term XXXXX Administrator and is displayed on a screen or other information service, as identified or selected by the Administrative Agent (the “CAD Screen Rate”); provided, however, that if as of 1:00 p.m. (Toronto time) on any Periodic Term XXXXX Determination Day the Term XXXXX Reference Rate for the applicable tenor has not been published by the Term XXXXX Administrator and a Benchmark Replacement Date with respect to the Term XXXXX Reference Rate has not occurred, then Term XXXXX will be the Term XXXXX Reference Rate for such tenor as published by the Term XXXXX Administrator on the first preceding Term Benchmark Business Day for which such Term XXXXX Reference Rate for such tenor was published by the Term XXXXX Administrator so long as such first preceding Term Benchmark Business Day is not more than three (3) Business Days prior to such Periodic Term XXXXX Determination Day; provided, further, that if Term XXXXX determined as provided above (including pursuant to the proviso) shall ever be less than zero, then Term XXXXX shall be deemed to be zero.
Examples of Term XXXXX in a sentence
All interest hereunder shall be computed on the basis of a year of 360 days (other than interest calculated at the Base Rate or Term XXXXX, which shall each be calculated on the basis of a year of 365/366 days) and shall be payable for the actual number of days elapsed (including the first day but excluding the last day).
All computations of interest and other fees hereunder shall be made on the basis of a year consisting of 360 days (other than calculations with respect to the (x) Term XXXXX and Daily Simple XXXXX, which shall each be based on a year consisting of 365 days or (y) Base Rate which shall be based on a year consisting of 365 or 366 days, as applicable) for the actual number of days elapsed.
More Definitions of Term XXXXX
Term XXXXX means, for any calculation with respect to a Term XXXXX Loan, the Term XXXXX Reference Rate for a tenor comparable to the applicable Interest Period on the day (such day, the “Periodic Term XXXXX Determination Day”) that is two Business Days prior to the first day of such Interest Period, as such rate is published by the Term XXXXX Administrator; provided, however, that if as of 1:00 p.m., Toronto time, on any Periodic Term XXXXX Determination Day the Term XXXXX Reference Rate for the applicable tenor has not been published by the Term XXXXX Administrator and a Benchmark Replacement Date with respect to the Term XXXXX Reference Rate has not occurred, then Term XXXXX will be the Term XXXXX Reference Rate for such tenor as published by the Term XXXXX Administrator on the first preceding Business Day for which such Term XXXXX Reference Rate for such tenor was published by the Term XXXXX Administrator so long as such first preceding Business Day is not more than three Business Days prior to such Periodic Term XXXXX Determination Day.
Term XXXXX means, for the applicable corresponding tenor, the forward‐looking term rate based on XXXXX that has been selected or recommended by the Relevant Canadian Governmental Body, and that is published by an authorized benchmark administrator and is displayed on a screen or other information service, as identified or selected by the Lender in its reasonable discretion at approximately a time and as of a date prior to the commencement of an Interest Period determined by the Lender in its reasonable discretion in a manner substantially consistent with market practice.
Term XXXXX has the meaning specified in the definition of “Alternative Currency Term Rate”.
Term XXXXX means, for any calculation with respect to any CAD Advance (other than an Advance bearing interest at the Alternate Base Rate), the greater of (i) 0.0% and (ii) the Term XXXXX Reference Rate for a tenor of three (3) months on the day (such day, the “Term XXXXX Determination Day”) that is two (2) U.S. Government Securities Business Days prior to the first day of the relevant Accrual Period, as such rate is published by the Term XXXXX Administrator.
Term XXXXX means, for any calculation with respect to an Advance, the Term XXXXX Reference Rate for a three (3) month tenor on the day (such day, the “Periodic Term XXXXX Determination Day”) that is two (2) Business Days prior to the first day of such Interest Period, as such rate is published by the Term XXXXX Administrator; provided, however, that if as of 1:00 p.m. (Toronto time) on any Periodic Term XXXXX Determination Day the Term XXXXX Reference Rate for the applicable tenor has not been published by the Term XXXXX Administrator and a Benchmark Replacement Date with respect to the Term XXXXX Reference Rate has not occurred, then Term XXXXX will be the Term XXXXX Reference Rate for such tenor as published by the Term XXXXX Administrator on the first preceding Business Day for which such Term XXXXX Reference Rate for such tenor was published by the Term XXXXX Administrator so long as such first preceding Business Day is not more than three (3) Business Days prior to such Periodic Term XXXXX Determination Day; provided further that if Term XXXXX as so determined shall ever be less than the Floor, then Term XXXXX shall be deemed to be the Floor.
Term XXXXX means, with respect to any CAD Loan and for any tenor comparable to the applicable Accrual Period, the greater of (a) 0.0% and (b) the Term XXXXX Reference Rate at approximately 10:00 a.m. (Toronto time) two Canadian Business Days prior to the commencement of such Accrual Period (such day, a “Term XXXXX Determination Day”), as such rate is published by the Term XXXXX Administrator. If by 1:00 p.m. (Toronto time) on such Term XXXXX Determination Day, the Term XXXXX Reference Rate for the applicable tenor has not been published by the Term XXXXX Administrator and the Term XXXXX Reference Rate does not otherwise cease to exist, then the Term XXXXX for such Term XXXXX Determination Day will be the Term XXXXX Reference Rate as published in respect of the first preceding Canadian Business Day for which such Term XXXXX Reference Rate was published by the Term XXXXX Administrator, so long as such first preceding Canadian Business Day is not more than three Canadian Business Days prior to such Term XXXXX Determination Day.
Term XXXXX means, for any calculation with respect to a Term XXXXX Advance, the Term XXXXX Reference Rate for a tenor comparable to the applicable Interest Period on the day (such day, the "Periodic Term XXXXX Determination Day") that is two Banking Days prior to the first day of such Interest Period, as such rate is published by the Term XXXXX Administrator; provided, however, that if as of 1:00 p.m. (Toronto time) on any Periodic Term XXXXX Determination Day the Term XXXXX Reference Rate for the applicable tenor has not been published by the Term XXXXX Administrator and a Canadian Benchmark Replacement Date with respect to the Term XXXXX Reference Rate has not occurred, then Term XXXXX will be the Term XXXXX Reference Rate for such tenor as published by the Term XXXXX Administrator on the first preceding Banking Day for which such Term XXXXX Reference Rate for such tenor was published by the Term XXXXX Administrator so long as such first preceding Banking Day is not more than three Banking Days prior to such Periodic Term XXXXX Determination Day.