Common use of Central Bank Rate Adjustment Clause in Contracts

Central Bank Rate Adjustment. In relation to the Central Bank Rate prevailing at close of business on any RFR Banking Day, the arithmetic mean (calculated by the Agent or by any other Finance Party which agrees to make the calculation in place of the Agent) of the Central Bank Rate Spreads for the five most immediately preceding RFR Banking Days for which the RFR is available.

Appears in 3 contracts

Samples: Loan Agreement (EuroDry Ltd.), Facility Agreement (Castor Maritime Inc.), Castor Maritime Inc.

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Central Bank Rate Adjustment. In relation to the Central Bank Rate prevailing at close of business on any RFR Banking Day, the arithmetic mean (calculated by the Agent or by any other Finance Creditor Party which agrees to make the calculation in place of the Agent) of the Central Bank Rate Spreads for the five most immediately preceding RFR Banking Days for which the RFR is available.

Appears in 1 contract

Samples: Agreement (Capital Product Partners L.P.)

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