32 196 definition

32 196. Reserve Costs" means, so long as a Note Purchaser shall be required under regulations of the Federal Reserve Board to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency Liabilities (as defined in Regulation D), additional amounts equal to the product of (l) the aggregate principal amount of the Notes held by it, multiplied by (2) an interest rate per annum equal, at all times during the period in which such reserves were assessed, to the remainder obtained by subtracting (a) the LIBO Rate for such Interest Period from (b) the rate obtained by dividing such LIBO Rate for such Interest Period by a percentage equal to 100% minus the LIBO Rate Reserve Percentage of such Holder, which amounts shall be payable on each Payment Date.
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Related to 32 196

  • the 1965 Act means the Compulsory Purchase Act 1965(2);

  • the 1961 Act means the Land Compensation Act 1961(d); “the 1965 Act” means the Compulsory Purchase Act 1965(e); “the 1980 Act” means the Highways Act 1980(f);

  • the 1981 Act which means the Compulsory Purchase (Vesting Declarations) Act 1981.

  • the 1983 Act means the Representation of the People Act 1983;

  • the 1985 Act means the Companies Act 1985;