Xxxxx’x Rate means the average of the daily Moody’s Corporate Bond Yield Average – Monthly Average Corporates as published by Xxxxx’x Investors Service, Inc. (or any successor) for the month next preceding the Date of Termination. Any remaining payments due under the Agreement shall be paid as otherwise provided herein.
Xxxxx’x Rate means, in relation to any Loan in Swedish Kronor for any day, a rate per annum equal to the Stockholm Interbank Offered Rate or, if such rate is not available, a comparable or successor rate, which rate is reasonably selected by the Administrative Agent, as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time) at or about 11:00 a.m. (Stockholm, Sweden time) for an amount comparable to the amount of that Loan on such day for overnight deposits and, if any such applicable rate is below zero, the XXXXXX Rate for such day will be deemed to be zero; provided, that, after the date hereof and to the extent a comparable or successor rate is reasonably selected by the Administrative Agent (as contemplated above), such selected rate shall be applied in a manner consistent with market practice; provided, further that to the extent such market practice is not administratively feasible for the Administrative Agent, such selected rate shall be applied in a manner as otherwise reasonably determined by the Administrative Agent.
Xxxxx’x Rate means, with respect to any Interest Period, the rate per annum equal to the Stockholm Interbank Offered Rate or a successor thereto approved by the Administrative Agent (“XXXXXX”) as published by Reuters (or such other page or commercially available source providing XXXXXX quotations as may be designated by the Administrative Agent from time to time in its reasonable discretion) at or about 11:00 a.m. (Stockholm, Sweden time) on the day that is two Term Benchmark Banking Days for SEK prior to the first day of the Interest Period (or if such day is not a Term Benchmark Banking Days for SEK, then on the immediately preceding Term Benchmark Banking Days for SEK) with a term equivalent to such Interest Period (the “XXXXXX Screen Rate”). If the XXXXXX Rate shall be less than zero (0.00%), the XXXXXX Rate shall be deemed to be zero (0.00%) for purposes of this Agreement.
Examples of Xxxxx’x Rate in a sentence
Amounts held in this account shall include only those amounts deferred prior to 1990 that have been continuously credited to the Fixed Income Investment Fund until January 1, 2003 (plus interest accrued thereon), at which point such amounts were credited to this Xxxxx’x Rate Investment Fund.
Upon the expiration of the applicable six (6) month period, all payments deferred pursuant to this Section 9 (excluding in-kind benefits) shall be paid in a lump sum payment to the Executive, plus interest thereon from the date of the Executive’s Involuntary Termination through the payment date at an annual rate equal to Xxxxx’x Rate.
Participants are not permitted to credit new amounts to the Xxxxx’x Rate Investment Fund.
More Definitions of Xxxxx’x Rate
Xxxxx’x Rate means, in the case of any Eurocurrency Borrowing denominated in SEK, with respect to any Interest Period, the Stockholm Interbank Offered Rate administered by the Swedish Bankers’ Association (or any other person that takes over administration of that rate) for deposits in Swedish Krona with a term equivalent to such Interest Period as displayed on such screen that displays such rate, or on the appropriate page of such other information service that publishes such rate as shall be selected by the Administrative Agent from time to time in its reasonable discretion (the “XXXXXX Screen Rate) as of 11:00 a.m. London time two Business Days prior to the commencement of such Interest Period. If the XXXXXX Rate shall be less than zero, the XXXXXX Rate shall be deemed to be zero for purposes of this agreement.
Xxxxx’x Rate means, in relation to any Loan in Swedish Kronor, the rate per annum equal to the Stockholm Interbank Offered Rate (“XXXXXX”), as published on the applicable Reuters screen page (or if not available, such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time) on the Rate Determination Date with a term equivalent to one month and, if any such applicable rate is below zero, the XXXXXX Rate for such day will be deemed to be zero.
Xxxxx’x Rate has the meaning set forth in paragraph 2(a) of Annex I.
Xxxxx’x Rate means the percentage rate per annum at which each Note will bear interest initially.
Xxxxx’x Rate means for any Loans in SEK, the XXXXXX Screen Rate or the applicable Reference Bank Rate.
Xxxxx’x Rate means, with respect to any Accrual Period, the greater of (a) 0.0% and (b) the applicable Swedish Krona Screen Rate for a period equal to such Accrual Period as of 11:00 a.m., Stockholm, Sweden time, two (2) Business Days prior to the first day of such Accrual Period; provided that, in the event no such rate is shown, the XXXXXX Rate shall be a comparable or successor rate, with the consent of the Servicer, as published on the applicable Reuters Screen page (or on the appropriate page of such other information service which publishes that rate from time to time in place thereof) as of 11:00 a.m. (Stockholm, Sweden time) two (2) Business Days prior to the first day of such Accrual Period.
Xxxxx’x Rate means, with respect to any Interest Period, the Stockholm interbank offered rate administered by the Swedish Bankers’ Association ( or any other person that takes over the administration of that rate) for deposits in SEK with a term equivalent to such Interest Period as displayed on the Reuters screen page that displays such rate (or, in the event such rate does not appear on such Reuters page, on any successor or substitute page on such screen that displays such rate, or on the appropriate page of such other information service that publishes such rate as shall be selected by the Administrative Agent from time to time in its reasonable discretion) as of 11:00 a.m. Stockholm time two (2) Term Benchmark Banking Days for SEK prior to the commencement of such Interest Period (the “XXXXXX Screen Rate”). If the XXXXXX Rate shall be less than zero (0.00%), the XXXXXX Rate shall be deemed to be zero (0.00%) for purposes of this Agreement.