XXXXX Rate definition

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

• In the event the Title Company is unable or unwilling to insure to Buyer an ALTA standard owner’s policy of title insurance (the “Title Policy”) in an amount that conforms to Section 5 of the XXXXX Rate Manual, insuring Buyer’s title to the Property, subject only to the Permitted Exceptions and the standard printed exceptions to title in such ALTA standard policy and Buyer elects not to proceed with the Closing of this transaction, Buyer’s sole remedy shall be to declare this Agreement terminated.

• The Administrative Agent shall promptly notify the Borrowers and the Banks of each determination of a Eurocurrency Rate, Adjusted Term XXXXX Rate, Adjusted Term SOFR Rate, Adjusted Daily Simple SOFR, Adjusted Daily Simple XXXXX and/or Adjusted Daily Simple XXXXX.

• Each Revolving Credit Loan denominated in Pounds Sterling shall be a XXXXX Rate Loan.

• In the case of a XXXXX Rate Revolving Loan, the loss, cost or expense of any Lender shall be the amount reasonably determined by such Lender.

• Each Request for a Credit Extension (other than a Committed Loan Notice requesting only a conversion of Loans to the other Type or a continuation of Eurocurrency Rate Loans, Term SOFR Loans or XXXXX Rate Loans) submitted by the Borrowers shall be deemed to be a representation and warranty that the conditions specified in Sections 4.02(a) and (b) have been satisfied (unless waived) on and as of the date of the applicable Credit Extension.

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 xxxxx mean 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, with respect to any applicable determination date, for a Borrowing denominated in Sterling, an interest rate per annum equal to XXXXX published on the fifth Business Day preceding such date, as such XXXXX is published by the XXXXX Administrator on the XXXXX Administrator’s Website; provided however that if such determination date is not a Business Day, XXXXX means such rate that applied on the first Business Day immediately prior thereto; provided that if the XXXXX Rate shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement.