XXXXX Daily Rate definition

XXXXX Daily Rate for any date, the rate per annum equal to XXXXX determined pursuant to the definition thereof, plus the XXXXX Adjustment; provided, that such rate shall not be less than zero. Any change in the XXXXX Daily Rate shall be effective from and including such date of change without further notice.
Sample 1Sample 2
XXXXX Daily Rate means, for any day, with respect to any Advance denominated in Sterling, the rate per annum equal to XXXXX determined pursuant to the definition thereof plus the XXXXX Adjustment; provided that, if any XXXXX Daily Rate shall be less than zero, such rate shall be deemed zero for purposes of this Agreement. Any change in a XXXXX Daily Rate shall be effective from and including the date of such change without further notice.
Sample 1

Examples of XXXXX Daily Rate in a sentence

  • Notwithstanding anything to the contrary herein, with respect to XXXXX Daily Rate Loans and for any Interest Period, the XXXXX Daily Rate shall not be fixed for the term of such Interest Period, and any change in the XXXXX Daily Rate (or any component thereof) shall take effect at the opening of business on the day such change occurs.

  • XXXXX Daily Rate Advances shall automatically continue each day as XXXXX Daily Rate Advances unless and until the Company delivers a timely notice requesting a conversion of such XXXXX Daily Rate Advances to another Type of Advance, which Advance, for the avoidance of doubt, shall be denominated in a currency other than Sterling.

  • Revolving Credit Loans may be Base Rate Loans, Daily Floating LIBOR Rate Loans, XXXXX Daily Rate Loans or Eurocurrency Loans, as further provided herein.

  • Combine that with a rather mild winter (at least as of the day I am writing this) and our members got a welcomed reprieve to the climbing energy rates in our service territory.In contrast, the mild winter that helped our energy costs hurt usin reliability.

  • U.K. Base Rate: (a) with respect to U.K. Loans denominated in Dollars, Term SOFR for a one month interest period as in effect on the first Business Day of the current calendar month, plus the SOFR Adjustment, and (b) with respect to U.K. Loans denominated in Sterling, the XXXXX Daily Rate; provided, that in no event shall the U.K. Base Rate be less than zero.

  • DECLARE UNDER PENALTY OF PERJURY UNDER THE LAWS OF THE STATE OF CALIFORNIA THAT THE FOLLOWING INFORMATION IS TRUE AND CORRECTSIGNATURE OF CLAIMANT OR REPRESENTATIVE: DATE: Please type or print clearly all of the information requested on the claim form.

  • Revolving Euro Tranche Loans shall be either (i) Eurocurrency Loans and shall be denominated in Euro or (ii) XXXXX Daily Rate Loans and shall be denominated in Sterling.

  • These have been successful in securing investment from one of the highly competitive national pitch competitions to support their business acceleration.

  • The Administrative Agent shall as soon as practicable notify the Company and the affected Lenders of each determination of a Eurocurrency Rate, XXXXX Daily Rate or Daily Floating LIBOR Rate.

  • All Revolving Credit Loans denominated in an Alternative Currency (other than Sterling) must be Eurocurrency Loans or, with respect to Revolving Credit Loans denominated in Xxxxxxxx, XXXXX Daily Rate Loans.

Related to XXXXX Daily Rate

  • Daily Rate means the rate specified as such in the Reference Rate Terms.

  • Daily Rate Period means a period commencing on one Business Day and extending to, but not including, the next succeeding Business Day, during which Multi-Modal Bonds bear interest at the Daily Rate.

  • Weekly Rate means the interest rate on the Bonds established in accordance with Section 2.03(b) hereof.

  • Alternative Currency Daily Rate means, for any day, with respect to any Credit Extension:

  • Applicable Utilization Fee Rate means, as of any date, the percentage rate per annum at which Utilization Fees accrue on all Revolving Credit Advances at such time as set forth in the Pricing Schedule.

  • Facility Fee Rate means a rate per annum determined in accordance with the Pricing Schedule.

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

  • Applicable Revolver Index Margin means the per annum interest rate margin from time to time in effect and payable in addition to the Index Rate applicable to the Revolving Loan, as determined by reference to Section 1.5(a).

  • Day Rate means the rate per day per grade tendered by the Supplier in the Supplier’s proposal that shall never be exceeded within this Contract;

  • Money Market Yield means a yield (expressed as a percentage) calculated in accordance with the following formula: Money Market Yield = D x 360 x 100 360 – (D x M) where “D” refers to the applicable per annum rate for commercial paper quoted on a bank discount basis and expressed as a decimal, and “M” refers to the actual number of days in the applicable Interest Reset Period.

  • Utilization Fee Rate means the percentage set forth in Schedule 1 hereto beside the then applicable Level.

  • Recovery Rate means, in relation to any UK Four institution the percentage of the original face value of senior unsecured debt obligations of the affected UK Four institution, as derived by the Calculation Agent from either the ISDA Auction Final Price or the Market Value.

  • Applicable Facility Fee Rate means, at any time, the percentage rate per annum at which Facility Fees are accruing on the Aggregate Commitment at such time as set forth in the Pricing Schedule.

  • Program Fee Rate has the meaning set forth in the Fee Letter.

  • 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.

  • Reset Reference Rate means in respect of a Reset Period, the gross redemption yield (as calculated by the Agent Bank on the basis set out by the United Kingdom Debt Management Office in the paper “Formulae for Calculating Gilt Prices from Yields”, page 5, Section One: Price/Yield Formulae “Conventional Gilts”; Double dated and Undated Gilts with Assumed (or Actual) Redemption on a Quasi-Coupon Date (published 8 June 1998, as amended or updated from time to time) or if such basis is no longer in customary market usage at such time, in accordance with generally accepted market practice at such time, on a semi-annual compounding basis (rounded up (if necessary) to four decimal places) of the Benchmark Gilt in respect of that Reset Period, with the price of the Benchmark Gilt for the purpose of determining the gross redemption yield being the arithmetic average (rounded up (if necessary) to the nearest 0.001 per cent. (0.0005 per cent. being rounded upwards)) of the bid and offered prices of such Benchmark Gilt quoted by the Reset Reference Banks at 11.00 a.m. (London time) on the Reset Determination Date in respect of such Reset Period on a dealing basis for settlement on the next following dealing day in London. Such quotations shall be obtained by or on behalf of the Issuer and provided to the Agent Bank. If at least four quotations are provided, the Reset Reference Rate will be determined by reference to the rounded arithmetic mean of the quotations provided, eliminating the highest quotation (or, in the event of equality, one of the highest) and the lowest quotation (or, in the event of equality, one of the lowest). If only two or three quotations are provided, the Reset Reference Rate will be determined by reference to the rounded arithmetic mean of the quotations provided. If only one quotation is provided, the Reset Reference Rate will be determined by reference to the rounded quotation provided. If no quotations are provided, the Reset Reference Rate will be the previous Reset Reference Rate or (in the case of the first Reset Period) 1.581 per cent., where:

  • Fee Rate means initially 0.25% per annum, which shall be subject to increase by 0.25% per annum for each Week in respect of which any Failure has occurred and is continuing.

  • LIBOR Market Index Rate means, for any day, LIBOR as of that day that would be applicable for a LIBOR Loan having a one-month Interest Period determined at approximately 10:00 a.m. Central time for such day (rather than 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period as otherwise provided in the definition of “LIBOR”), or if such day is not a Business Day, the immediately preceding Business Day. The LIBOR Market Index Rate shall be determined on a daily basis.

  • Applicable Commitment Fee Rate means:

  • L/C Fee Rate means the rates set forth in Schedule 1 hereto beside the then applicable Level.

  • Applicable LIBOR Rate Margin means the following per annum percentages, applicable in the following situations:

  • LIBOR Margin has the meaning given that term in Section 2.2.(c)(ii)(D).

  • Moody’s Recovery Rate With respect to any Collateral Obligation, as of any date of determination, the recovery rate determined in accordance with the following, in the following order of priority:

  • Pricing Level IV means any time when (i) no Event of Default has occurred and is continuing, (ii) the Senior Debt Rating is BBB- or higher by S&P or Baa3 or higher by Moody’s and (iii) Pricing Levels I, II and III do not apply.