Examples of Adjusted Certificate of Deposit Rate in a sentence
Borrowings are uncollateralized and bear interest at a rate of between 1.50% and 2.25% per annum over the bank's Reserve Adjusted Certificate of Deposit Rate (RACD) as defined in the agreement.
Subject to the provisions of subsection 2.3.F, each Loan (other than Bid Rate Loans, which shall bear interest as provided in subsection 2.1.E) shall bear interest on the unpaid principal amount thereof from the date made through maturity (whether by acceleration or otherwise) at a rate determined by reference to the Base Rate, the Adjusted Certificate of Deposit Rate or the Adjusted Eurodollar Rate, as the case may be.
In such event, the Participation Rate with respect to such proposed Tranche Period and related Tranche shall be determined by reference to the Adjusted Certificate of Deposit Rate.
Conditions would not provide adequate protection against the associated risks.