Absolute Interest Rate definition

Absolute Interest Rate is defined in Section 3.5.3.
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Examples of Absolute Interest Rate in a sentence

  • Each Quote must be submitted to the relevant Borrower not later than (a) 11:00 a.m., Eastern time, on the third Business Day immediately prior to the proposed date of borrowing, in the case of a LIBO Auction or (b) 12:00 noon, Eastern time, on the proposed date of borrowing, in the case of an Absolute Interest Rate Auction.

  • Not later than (a) 11:00 a.m., Eastern time, on the second Business Day immediately prior to the proposed date of borrowing, in the case of a LIBO Auction or (b) 2:00 p.m., Eastern time, on the proposed date of borrowing, in the case of an Absolute Interest Rate Auction, the relevant Borrower shall notify each Lender by telephone or telecopy of such Borrower's acceptance or nonacceptance of the Quotes submitted to such Borrower by such Lender.

Related to Absolute Interest Rate

  • Prime Interest Rate means the publicly quoted variable annual basic rate of interest, published from time to time by the bankers of FUNDI as being their prime rate and as certified by the auditors of FUNDI, whose appointment it shall not be necessary to prove. Details of such bankers will be provided to the Applicant when so requested in writing.

  • Note Interest Rate means a per annum rate equal to 0.02% in excess of LIBOR as determined by the Calculation Agent on the related LIBOR Determination Date with respect to each Interest Period.

  • Class E Interest Rate means 0.00% per annum (computed on the basis of a 360-day year consisting of twelve 30-day months).

  • Reference Interest Rate means the following rate (expressed as a percentage rate per annum) for deposits in the currency of the Strike Price: the Reference Interest Rate specified in the Table which has been published on the screen page specified in the Table (the "Screen Page") (or on a screen page replacing such screen page) on the immediately preceding Reset Date, provided that if such day is a Monday, the relevant day will be the immediately preceding Friday; all as determined by the Determination Agent.

  • Applicable Interest Rate means the rate of interest prescribed under the Act from time to time;