Wholesale Interest definition

Wholesale Interest. Rate The rate of interest, prior to the addition of any margin, used by the Bank for the purpose of fixing the rate of interest charged on credits extended by the Bank to its customers in general, for similar amounts in NIS and kinds and for similar periods as those of the relevant Credit. The Wholesale Interest Rate shall be calculated in accordance with the above principals, shall be determined by the Bank on the date of determining the interest rate for the requested Advance and shall be conclusive, provided it is applicable to all customers of the Bank receiving credits for similar amounts in NIS and kinds and for similar periods as those of the relevant requested Advance.
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Wholesale Interest means the interest prior to the addition of any margin, which is used by Bank Hapoalim for determining the interest for its customer for purpose of providing credits – in an amount type and period similar to the amount, type and period of the relevant credit, as of the Date of Credit. With respect to a portion of the Credit which is to be provided at a floating interest rate, the interest rate to be determined for such Credit based on the principles set forth above shall vary throughout the period of such Credit, exclusively in accordance with and up to the changes to the Prime interest rate (all without derogating from the provisions of this Agreement pertaining to events with respect to which the margin rate will be increased). As of the date of this Agreement, the Wholesale Interest rate with respect to each type of Credit and the Loans deriving from such credit are at the rates set forth in Appendix F hereto.
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Wholesale Interest means, with respect to the Loan, the rate of interest, prior to the addition of a margin, which shall be determined by the Facility Agent, in its discretion, to be the base interest for loans which the Facility Agent extends to its customers in general for a similar amount, in the same currency and for the same type and period as the Loan (the period of the Loan being, for the avoidance of doubt, its Duration Period). The Wholesale Interest shall be determined as LIBOR plus a fixed addition above LIBOR. Such fixed addition shall be determined, for the Loan, on the Interest Determination Date prior to the first Interest Period for the Loan and such fixed addition shall not vary during the Duration Period for the Loan.
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Examples of Wholesale Interest in a sentence

  • In the event of the occurrence of an Event of Default, the interest rate on each On-Call Advance, Loan or Foreign Currency Revolving Credit Facility shall be increased by [***]% ([***] percent) (in addition to the Wholesale Interest plus the Margin applicable to such On-Call Advance, Loan or Foreign Currency Revolving Credit Facility), as such Margin may be in addition increased pursuant to clause 6.4 above.

  • Interest - Shall mean the rate of the Wholesale Interest on the Date of Credit, with respect to each type of Credit and the Loans that will be executed thereof (Credit A, Credit B, Credit C and Credit D or a portion thereof) plus the appropriate margin for such type of Credit (the margin of Credit A, margin for Credit B, margin for Credit C and margin for Credit D).

  • The foregoing provisions are not intended to establish the State of Arizona as the exclusive forum for any suit, action or proceeding involving this Agreement, but merely to Agreement of Purchase and Sale Coyote Portfolio establish the consent and agreement of each Party to such non-exclusive jurisdiction and venue in the event of any contest or dispute over such matters.

  • For Banking Services of the following types: FC Loans, NIS Loans, CLA FC Credit, CLA NIS Credit and On-Call Credit, the interest will be at a rate of [***]% per annum above Wholesale Interest (as defined below) (interest on each of the Banking Services referred to above, hereinafter — “ Interest on the Credit”).

  • Short-term loans from banks denominated in U.S. dollars 8.88 1,208 3,808 Short-term loans from other shareholders of a subsidiary 8.76 683 - ---------- --------- $ 1,891 $ 3,808 ========== ========= As of December 31, 2005, the balance also includes a bank loan to Mediagate in the amount of approximately $2,600 bearing an annual interest rate of the Wholesale Interest Rate plus 1% (the Wholesale Interest Rate as of December 31, 2005 was approximately 5.3%).

  • As of December 31, 2004 and 2003, the balance also includes a loan to Mediagate in the amount of approximately $2,600 bearing an annual interest rate of the Wholesale Interest Rate plus 1% (the Wholesale Interest Rate as of December 31, 2004 and 2003 was approximately 3.3% and 2.2%, respectively).

  • If the credit will be provided as a loan in Foreign Currency, then the interest will be at an annual rate of Wholesale Interest + Spread, as provided in Section 3.17(3) above, to be calculated once every three months, from the date of provision of such Credit, and added to the principal of this Credit on the date of each such calculation.


More Definitions of Wholesale Interest

Wholesale Interest means, with respect to any On-Call Advance, Loan or Foreign Currency Revolving Credit Facility (“Credit”) to be provided under this Agreement, the rate of interest, prior to the addition of a margin, which shall be determined by the Lender, in its discretion, to be the base interest for Credits which the Lender extends to its customers in general for a similar amount, in the same currency and for the same type and period as such Credit, as determined on the Drawdown Date for such Credit. The Wholesale Interest: (i) for any Foreign Currency Revolving Credit Facility or Loan, shall be determined as LIBOR plus a fixed addition above LIBOR. Such fixed addition shall be determined, for any Foreign Currency Revolving Credit Facility or Loan, on the Drawdown Date of such Foreign Currency Revolving Credit Facility or Loan, as applicable, and such fixed addition shall not vary during the Term of such Foreign Currency Revolving Credit [*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, IS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 UNDER THE SECURITIES ACT OF 1933, AS AMENDED. Facility or Loan, as applicable. For the avoidance of doubt, LIBOR for any Loan or Foreign Currency Revolving Credit Facility shall vary during the Term thereof in accordance with clauses 1.1.57(a) or (b) above, as applicable; and (ii) for On-Call Advances, shall be determined as a fixed deduction from, or addition above, the prime interest rate. Such fixed deduction or addition shall be determined, for any On-Call Advance, on the date of such On-Call Advance, but such fixed addition may vary from time to time during the period of such On-Call Advance. Notification by the Lender as to the Wholesale Interest rate shall be binding on the Borrower.
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Wholesale Interest means interest determined by the Bank from time to time, which is the interest used as the basic interest, according to which the Bank provides its clients with credit, or the interest from which the interest rates on its clients' deposits are derived - generally for credit or deposits, as the case may be, for such period, in such sums, and of the type linked to the index with fixed or variable interest, or credit in foreign currency or deposits of the type specified in Section 15.9.4 below, as the case may be, as being on the date of provision of such Credit pursuant to Sections 5 and/or 6 below or on the date of deposit of the deposits as specified in Section 15.9.4 below, as the case may be.
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Related to Wholesale Interest

  • Preliminary Offering Memorandum means the Preliminary Offering Memorandum, dated June 19, 2013, relating to the Offered Securities to be offered by the Purchasers.

  • Time of Sale Information means all information with respect to the offering of the Certificates which has been conveyed to an investor at the Time of Sale to such investor.

  • Disclosure Package means (i) the Base Prospectus, (ii) the Preliminary Prospectus used most recently prior to the Execution Time, (iii) the Issuer Free Writing Prospectuses, if any, identified in Schedule III hereto, (iv) the final term sheet prepared and filed pursuant to Section 5(b) hereto, if any, and (v) any other Free Writing Prospectus that the parties hereto shall hereafter expressly agree in writing to treat as part of the Disclosure Package.

  • Wholesale distribution means distribution of prescription drugs to persons other than consumers or

  • Canadian Base Prospectus has the meaning set forth in Section 1(a) hereof.

  • Offering Memorandum means the Offering Memorandum, dated May 7, 2019, related to the issuance and sale of the Initial Notes.

  • Time of Sale Disclosure Package means the Preliminary Prospectus dated [ ], any free writing prospectus set forth on Schedule III and the information on Schedule IV, all considered together.

  • Canadian Final Prospectus has the meaning set forth in Section 1(a) hereof.

  • Preliminary Final Prospectus means any preliminary prospectus supplement to the Basic Prospectus which describes the Securities and the offering thereof and is used prior to filing of the Final Prospectus, together with the Basic Prospectus.

  • Net Offering Proceeds means all cash or other assets received by General Partner or Borrower as a result of the issuance or sale of common shares of beneficial interest, preferred shares of beneficial interest, partnership interests, preferred partnership units, limited liability company interests, Convertible Securities or other ownership or equity interests in General Partner or Borrower less customary costs and discounts of issuance paid by General Partner or Borrower, as the case may be.

  • Preliminary Offering Circular means any preliminary offering circular or memorandum, if any, or any other written preliminary materials authorized by the Issuer to be used in connection with such an Offering. As used herein, the terms “Offering Circular” and “Preliminary Offering Circular” include the material, if any, incorporated by reference therein. We will either, as soon as practicable after the later of the date of the Invitation Wire or the date made available to us by the Issuer, furnish to you (or make available for your review) a copy of any Preliminary Offering Circular or any proof or draft of the Offering Circular. In any event, in any Offering involving an Offering Circular, the Manager will furnish, make available to you, or make arrangements for you to obtain, as soon as practicable after sufficient quantities thereof are made available by the Issuer, copies (which may, to the extent permitted by law, be in electronic form) of the Preliminary Offering Circular and Offering Circular, as amended or supplemented, if applicable (but excluding, for this purpose, documents incorporated therein by reference).

  • Final Offering Memorandum shall be deemed to mean and include all information filed under the Securities Exchange Act of 1934 (as amended, the “Exchange Act,” which term, as used herein, includes the rules and regulations of the Commission promulgated thereunder) prior to the Time of Sale and incorporated by reference in the Pricing Disclosure Package (including the Preliminary Offering Memorandum) or the Final Offering Memorandum (as the case may be), and all references herein to the terms “amend,” “amendment” or “supplement” with respect to the Final Offering Memorandum shall be deemed to mean and include all information filed under the Exchange Act after the Time of Sale and incorporated by reference in the Final Offering Memorandum. The Company hereby confirms its agreements with the Initial Purchasers as follows:

  • Base Prospectus means the base prospectus referred to in paragraph 1(a) above contained in the Registration Statement at the Execution Time.

  • Preliminary Prospectus Supplement means any preliminary prospectus supplement to the Base Prospectus which describes the Securities and the offering thereof and is used prior to filing of the Final Prospectus Supplement, together with the Base Prospectus.

  • Shelf Offering has the meaning set forth in Section 1(d)(i).

  • Final Prospectus Supplement means the prospectus supplement relating to the Securities that was first filed pursuant to Rule 424(b) after the Execution Time, together with the Base Prospectus.

  • Initial Prospectus Supplement means the prospectus supplement of the Company relating to the Securities, including the accompanying Base Prospectus, to be prepared and filed by the Company with the SEC pursuant to Rule 424(b)(5) under the Securities Act and in accordance with Section 5(a) hereof, together with all documents and information incorporated therein by reference.

  • Canadian Preliminary Prospectus means the Initial Canadian Preliminary Prospectus, as amended by the Amended and Restated Canadian Preliminary Prospectus, including the Documents Incorporated by Reference;

  • Net Proceeds means the aggregate cash proceeds received by the Company or any of its Restricted Subsidiaries in respect of any Asset Sale (including, without limitation, any cash received upon the sale or other disposition of any non-cash consideration received in any Asset Sale), net of the direct costs relating to such Asset Sale (including, without limitation, legal, accounting and investment banking fees, and sales commissions) and any relocation expenses incurred as a result thereof, taxes paid or payable as a result thereof (after taking into account any available tax credits or deductions and any tax sharing arrangements), amounts required to be applied to the repayment of Indebtedness secured by a Lien on the asset or assets that were the subject of such Asset Sale and any reserve for adjustment in respect of the sale price of such asset or assets established in accordance with GAAP.

  • U.S. Base Prospectus has the meaning set forth in Section 1(b) hereof.

  • Interim Prospectus Supplement means the prospectus supplement relating to the Shares prepared and filed pursuant to Rule 424(b) from time to time as provided by Section 4(x) of this Agreement.

  • Pricing Prospectus means the Preliminary Prospectus, if any, and the Base Prospectus, each as amended and supplemented immediately prior to the Applicable Time, including any document incorporated by reference therein and any prospectus supplement deemed to be a part thereof.

  • Prospectus Supplements means, collectively, the Canadian Prospectus Supplement and the U.S. Prospectus Supplement;

  • Canadian Prospectus Supplement means the most recent prospectus supplement to the Canadian Base Prospectus relating to the Shares filed by the Company with the Canadian Qualifying Authorities in accordance with Canadian Securities Laws. As used herein, “Canadian Prospectus” means the Canadian Prospectus Supplement (and any additional Canadian prospectus supplement prepared in accordance with the provisions of this Agreement or any Terms Agreement and filed with the Canadian Qualifying Authorities in accordance with Canadian Securities Laws) together with the Canadian Base Prospectus.

  • Registered Offering Transaction Documents means this Agreement and the Registration Rights Agreement between the Company and the Investor as of the date herewith.

  • U.S. Prospectus Supplement has the meaning given to it in the fifth paragraph of this Agreement;