XXXXX Rate means, in respect of any London Banking Day, a reference rate equal to the daily XXXXX rate for such London Banking Day as provided by the administrator of XXXXX to authorised distributors and as then published on the Relevant Screen Page (or, if the Relevant Screen Page is unavailable, as otherwise published by such authorised distributors) on the London Banking Day immediately following such London Banking Day.
XXXXX Rate means, for any day, with respect to any Credit Extension 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 Rate shall be less than zero, such rate shall be deemed zero for purposes of this Agreement. Any change in a XXXXX Rate shall be effective from and including the date of such change without further notice.
XXXXX Rate means, in relation to any RFR Banking Day during the Accrual Period of a GBP Loan, the percentage rate per annum which is the Daily Non-Cumulative Compounded RFR Rate for that RFR Banking Day. If the calculation of a XXXXX Rate results in a rate of less than zero (0), such XXXXX Rate shall be deemed to be zero (0) for all purposes of the Transaction Documents.
Examples of XXXXX Rate in a sentence
The market, or a significant part thereof, may adopt an application of XXXXX that differs significantly from that set out in the Conditions as applicable to Notes referencing a XXXXX rate that are issued under this Programme.
In particular, market participants and relevant working groups are exploring alternative reference rates based on XXXXX, including term XXXXX reference rates (which seek to measure the market’s forward expectation of an average XXXXX rate over a designated term).
More Definitions of XXXXX Rate
XXXXX Rate the rate per annum equal to XXXXX determined pursuant to the definition thereof plus the XXXXX Adjustment; and, if any such applicable rate is below zero, the XXXXX Rate will be deemed to be zero.
XXXXX Rate when used in reference to any Loan or Borrowing, refers to such Loan, or the Loans comprising such Borrowing, which are bearing interest at a rate determined by reference to Daily Simple XXXXX.
XXXXX Rate means, with respect to any applicable determination date, (a) XXXXX published on the fifth Business Day preceding such date (provided however that if such determination date is not a Business Day, “XXXXX Rate” means such rate that applied on the first Business Day immediately prior thereto) plus (b) 0.0326%.
XXXXX Rate means such rate that applied on the first Business Day immediately prior thereto) plus (b) 0.0326%.
XXXXX Rate means the "prime rate" published in the "Money Rates" section of The Wall Street Journal, as such "prime rate" may change from time to time. If The Wall Street Journal ceases to publish the "prime rate", then the Trustee shall select an equivalent publication that publishes such "prime rate"; and if such "prime rate" is no longer generally published or is limited, regulated or administered by a governmental or quasi-governmental body, then the Trustee shall select a comparable interest rate index. In either case, such selection shall be made by the Trustee in its sole discretion and the Trustee shall notify any Fiscal Agent, the Master Servicer, the Special Servicer and each Serviced Non-Trust Mortgage Loan Noteholder in writing of its selection.
XXXXX Rate means, in relation to any London Banking Day, a reference rate equal to the daily Sterling Overnight Index Average (XXXXX) rate for such London Banking Day as provided by the administrator of XXXXX to authorised distributors and as then published on the Relevant Screen Page (or, if the Relevant Screen Page is unavailable, as otherwise published by such authorised distributors) on the London Banking Day immediately following such London Banking Day; and
XXXXX Rate means, for any day (a “XXXXX Interest Day”), XXXXX for the day that is the fifth Business Day prior to (A) if XXXXX Interest Day is a Business Day, such XXXXX Interest Day or (B) if such XXXXX Interest Day is not a Business Day, the Business Day immediately preceding XXXXX Interest Day; provided that if the XXXXX Rate shall be less than zero, the XXXXX Rate shall be deemed to be zero. Any change in the XXXXX Rate due to a change in XXXXX shall be effective from and including the effective date of such change in XXXXX without notice to the Borrower.