XXXXX Reference Rate means, in respect of 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 is published by such authorised distributors) on the London Banking Day immediately following such London Banking Day; and
XXXXX Reference 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, in each case on the London Banking Day immediately following such London Banking Day. If, in respect of any London Banking Day on which an applicable XXXXX reference rate is required to be determined, the Agent (or such other Calculation Agent specified in the applicable Final Terms) determines that the XXXXX reference rate is not made available on the Relevant Screen Page and has not otherwise been published by the relevant authorised distributors, then unless the Agent (or such other Calculation Agent specified in the applicable Final Terms) has been notified of any Successor Rate or Alternative Rate (and any related Adjustment Spread or Benchmark Amendments) pursuant to Condition 4(c), if applicable, the XXXXX reference rate in respect of such London Banking Day shall be:
XXXXX Reference Rate means in respect of any Business Day, a reference rate equal to the daily XXXXX rate for such Business 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 Business Day immediately following such Business Day);
Examples of XXXXX Reference Rate in a sentence
For the purposes of this Clause 7.1, “Compounded Daily XXXXX” shall be calculated by the Trust Property Cash Manager using the XXXXX Reference Rate as at the relevant Payment Calculation Date as reference rate for the calculation of interest for the immediately following Interest Period (with the resulting percentage rounded if necessary to the fifth decimal place, with 0.000005 being rounded upwards).
More Definitions of XXXXX Reference Rate
XXXXX Reference Rate in respect of any London Banking Day (“LBDx”), means a reference rate equal to the daily Sterling Overnight Index Average (“XXXXX”) rate for such LBDx 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, in each case on the London Banking Day immediately following such LBDx,
XXXXX Reference Rate means, in respect of 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 by such authorised distributors on the Relevant Screen Page (or, if the Relevant Screen Page is unavailable, as otherwise is published by such authorised distributors) on the London Banking Day immediately following such London Banking Day; and
XXXXX Reference Rate means in respect of any London Business Day: (a) the XXXXX (sterling overnight index average) reference rate for such London Business Day as provided by the administrator of XXXXX to authorised distributors and as then published on the Reuters Screen “XXXXX” Page or, if such is unavailable, as otherwise published by such authorised distributors; or (b) if, in respect of any London Business Day in the relevant Pricing Rate Period, the XXXXX (sterling overnight index average) reference rate is not available on the Reuters Screen “XXXXX” Page or has not otherwise been published by the relevant authorised distributors, such XXXXX Reference Rate shall be: (i) The Bank of England’s Bank Rate (the “Bank Rate”) (or any successor rate to, or replacement rate for, that rate) as published by The Bank of England prevailing at close of business on the relevant London Business Day; plus (ii) the mean of the spread of the XXXXX Reference Rate to the Bank Rate over the five (5) most immediately preceding London Business Days on which a XXXXX Reference Rate has been published, excluding the highest spread (or, if there is more than one highest spread, one only of those highest spreads) and lowest spread (or, if there is more than one lowest spread, one only of those lowest spreads) to the Bank Rate (the “Bank Rate Adjustment”); or (c) if paragraph (b) above applies but the Bank Rate for that London Business Day is not available, the percentage rate per annum which is the aggregate of (i) the most recent Bank Rate for a day which is no more than 5 London Business Days before that London Business Day; and (ii) the Bank Rate Adjustment; or (d) if there is no XXXXX rate or Bank Rate available pursuant to (a) to (c) above, the rate for any relevant Transaction will be as specified in the related Confirmation, rounded, in each case, to four decimal places (with 0.00005 being rounded upwards).
XXXXX Reference Rate means, in respect of any London Banking Day, 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, provided that if, in respect of any London Banking Day, the applicable XXXXX Reference Rate is not made available on the Relevant Screen Page or has not otherwise been published by the relevant authorised distributors, then (unless the Fiscal Agent or the Calculation Agent, as applicable, has been notified of any Successor Rate or Alternative Rate (and any related Adjustment Spread and/or Benchmark Amendments) pursuant to Condition 4D below, if applicable) the XXXXX Reference Rate in respect of such London Banking Day shall be:
XXXXX Reference Rate in respect of any London Banking Day, is 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, in each case on the London Banking Day immediately following such London Banking Day. If, in respect of any London Banking Day, the applicable XXXXX reference rate is not made available on the Relevant Screen Page and has not otherwise been published by the relevant authorised distributors, then unless the Agent (or such other Calculation Agent specified in the applicable Final Terms) has been notified of any Successor Rate or Alternative Rate (and any related Adjustment Spread or Benchmark Amendments) pursuant to Condition 4(c), if applicable, the XXXXX reference rate in respect of such London Banking Day shall be:
XXXXX Reference Rate means, in respect of 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 Screen or, if the Screen is unavailable, as otherwise provided by the administrator (on the London Banking Day immediately following such London Banking Day). If, in respect of any London Banking Day in the relevant Observation Period, the Agent Bank determines that the XXXXX Reference Rate is not available on the Screen or has not otherwise been published by one or more authorised distributors, such XXXXX Reference Rate shall be: (A) the Bank of England's Bank Rate (the "Bank Rate") prevailing at close of business on the relevant London Banking Day; plus (B) the mean of the spread of the XXXXX Reference Rate to the Bank Rate over the previous five days on which a XXXXX Reference Rate has been published, excluding the highest spread (or, if there is more than one highest spread, one only of those highest spreads) and lowest spread (or, if there is more than one lowest spread, one only of those lowest spreads) to the Bank Rate. Rate of Interest on the Fixed Rate Notes
XXXXX Reference Rate means, in respect of any London Banking Day, the daily Sterling Overnight Index Average (XXXXX) rate for such London Banking Day as provided by the Bank of England (or a successor administrator of XXXXX) to authorised distributors (the XXXXX authorised distributors) and as then published on the Relevant Screen Page (or, if the Relevant Screen Page is unavailable, as otherwise published by the XXXXX authorised distributors) on the London Banking Day immediately following such London Banking Day. If, in respect of any London Banking Day, the applicable XXXXX Reference Rate is not made available on the Relevant Screen Page (or has not been otherwise published by the XXXXX authorised distributors) by 5.00 p.m. London time, then the XXXXX Reference Rate in respect of such London Banking Day shall be: