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, 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 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 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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Examples of Wholesale Interest in a sentence

  • 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).

  • On each aforementioned conversion date, the Credit Facility Agent shall announce the new Wholesale Interest rate of the amount that was converted.

  • 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.

  • Bank Hapoalim's notice regarding its Wholesale Interest rate shall bind the Company and the remaining Lenders.

  • The Wholesale Interest shall be determined as LIBOR plus a fixed addition above LIBOR.

  • 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).

  • For the avoidance of doubt, it is clarified that the initial interest rate shall be determined in accordance with the Wholesale Interest rate in place at the Date of Credit.

  • These rates are not advertised.Among other things, the break cost formula takes into account:• the original Wholesale Interest Rate on the date your interest rate was fixed;• the current Wholesale Interest Rates at the time of your repayment;• any unpaid interest you may have;• the timing and dollar amount of repayments required under your loan contract; and• the remaining fixed interest rate period.When you partially or fully repay your loan we may calculate the break cost shortly before the repayment.

  • 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.

  • Unwanted components are residues of pesticides, nitrates, heavy metals, mycotoxins, drug residues, pathogenic organisms and allergens.• Utility value (functional suitability) decides on the suitability of the food for commercial or industrial purposes.


More Definitions of Wholesale Interest

Wholesale Interest means, with respect to any 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 such Loan (the period of such 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 such Loan, on the Interest Determination Date prior to the first Interest Period for such Loan and such fixed addition shall not vary during the Duration Period for such Loan.
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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

  • Receivable Interest means, at any time, an undivided percentage ownership interest in (i) all then outstanding Pool Receivables arising prior to the time of the most recent computation or recomputation of such undivided percentage interest pursuant to Section 2.03, (ii) all Related Security with respect to such Pool Receivables, and (iii) all Collections with respect to, and other proceeds of, such Pool Receivables. Such undivided percentage interest shall be computed as

  • Fixed Income Securities means Debt Securities created and issued by, inter alia, Central Government, State Government, Local Authorities, Municipal Corporations, PSUs, Public Companies, Private Companies, Bodies Corporate, Unincorporated SPVs and any other entities which may be recognized / permitted which yield a fixed or variable rate by way of interest, premium, discount or a combination of any of them.

  • Asset Interest is defined in Section 2.1(b).

  • Simple interest means interest computed on the principal balance outstanding

  • Income interest means the right of an income beneficiary to receive all or part of net income, whether the terms of the trust require it to be distributed or authorize it to be distributed in the trustee's discretion.

  • Timber Sale Area means the area or areas designated as such on Exhibit A and located on the ground by reference to legal subdivisions, monuments, natural land features, improvements, or sale boundary signs. Down Timber is defined as timber that is down as of the date of this contract, as determined by STATE.

  • Wholesale acquisition cost means the same as that term is defined in 42 U.S.C. Sec. 1395w-3a.

  • Portfolio Securities or "investments" of the Series shall mean, respectively, such assets, net assets, securities, portfolio securities or investments which are from time to time under the management of the Subadviser pursuant to this Agreement.

  • Underwritten Net Cash Flow means, as of any date of determination, the excess of: (i) for the twelve (12) month period ending on such date, the sum of (A) the lesser of (1) GPR multiplied by 94.0%, and (2) Actual Rent Collections, and (B) Other Receipts; over (ii) for the twelve (12) month period ending on such date, the sum of (A) Operating Expenses, adjusted to reflect exclusion of amounts representing non-recurring expenses, (B) Underwritten Capital Expenditures and (C)

  • Simple Interest Receivable means any Receivable under which the portion of a payment allocable to interest and the portion allocable to principal is determined in accordance with the Simple Interest Method.

  • Net Simple Interest Excess With respect to any Distribution Date, the excess, if any, of (a) the amount of the payments received by the Servicers and the Master Servicer in the related Collection Period allocable to interest in respect of Simple Interest Mortgage Loans, calculated in accordance with the Simple Interest Method, net of the related Servicing Fees, over (b) 30 days’ interest at the weighted average (by principal balance) of the Net Mortgage Rates of the Simple Interest Mortgage Loans as of the first day of the related Collection Period, as determined by the related Servicer, on the aggregate principal balance of such Simple Interest Mortgage Loans for such Distribution Date, carried to six decimal places, rounded down, and calculated on the basis of a 360-day year consisting of twelve 30-day months. For this purpose, the amount of interest received in respect of the Simple Interest Mortgage Loans in any month shall be deemed (a) to include any Advances of interest made by the related Servicer, the Master Servicer or the Securities Administrator in such month in respect of such Simple Interest Mortgage Loans and (b) to be reduced by any amounts paid to the related Servicer, the Master Servicer or the Securities Administrator in such month in reimbursement of Advances previously made by the Servicer, the Master Servicer or the Securities Administrator in respect of such Simple Interest Mortgage Loans.

  • Eligible interests means interests or memberships.

  • Available Interest With respect to any Distribution Date, the sum of the following amounts with respect to the prior Monthly Period:

  • Portfolio Assets means all Loan Assets owned by the Borrower, together with all proceeds thereof and other assets or property related thereto, including all right, title and interest of the Borrower in and to:

  • Related Assets Any assets held by a Trust the return of which is linked to one or more Underlying Securities and which, if applicable, shall be described in the related Supplement or a schedule thereto.

  • Designated Assets means any property or assets (including Capital Stock of any Subsidiary) of Holdings, the Restricted Parent, the Issuer and their respective Restricted Subsidiaries constituting a business, a line or unit of a business or used in operating a business substantially as an entirety.

  • Simple Interest Mortgage Loan Those simple interest loans as noted on the Mortgage Loan Schedule under the data field designated “DSI.”

  • Joint Venture Interests means assets of the Company and its Subsidiaries constituting an equity investment in real estate assets or other properties, or in an entity holding real estate assets or other properties, jointly owned by the Company and its Subsidiaries, on the one hand, and one or more other Persons not constituting Affiliates of the Company, on the other hand, excluding any entity or properties (i) which is a Subsidiary or are properties if the co-ownership thereof (if in a separate entity) would constitute or would have constituted a Subsidiary, or (ii) to which, at the time of determination, the Company’s manager at such time or an Affiliate of the Company’s manager at such time provides management services. In no event shall Joint Venture Interests include equity securities that are part of a class of equity securities that are traded on a national or regional securities exchange or a recognized over-the-counter market or any investments in debt securities, mortgages or other Debt.

  • Performing Cash Pay Mezzanine Investments means Mezzanine Investments (a) as to which, at the time of determination, not less than 2/3rds of the interest (including accretions and “pay-in-kind” interest) for the current monthly, quarterly, semi-annual or annual period (as applicable) is payable in cash and (b) which are Performing.

  • Consolidated Assets means all assets which should be listed on the consolidated balance sheet of the Borrower and its Subsidiaries, as determined on a consolidated basis in accordance with GAAP.

  • Forward Hedge Selling Commission Rate means, for any Forward Contract, a rate mutually agreed to between the Company, the Forward Seller and the Forward Purchaser and recorded in the applicable Placement Notice (as amended by the corresponding Acceptance, if applicable), up to 2.0%.

  • Investment Date means the date of the Investment Commitment Closing.

  • Note A-4 Securitization Date means the closing date of the Note A-4 Securitization.

  • Sale Assets is defined in Section 5.2(a)(ii).

  • Note A-3 Securitization Date means the closing date of the Note A-3 Securitization.

  • Uncollected Interest With respect to any Distribution Date for any Mortgage Loan on which a Payoff was made by a Mortgagor during the related Payoff Period, except for Payoffs received during the period from the first through the 14th day of the month of such Distribution Date, an amount equal to one month’s interest at the applicable Pass-Through Rate on such Mortgage Loan less the amount of interest actually paid by the Mortgagor with respect to such Payoff.