Agent Rate definition

Agent Rate means the interest rate which the Administrative Agent offers to leading banks in the Tokyo interbank market deposits in Yen for a period comparable to the applicable Interest Period at or about 11:00 am (Tokyo time) on the second Tokyo Business Day before the first day of the applicable Interest Period.
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Agent Rate for any date, with respect to amounts (i) in U.S. Dollars, the Federal Funds Effective Rate, (ii) in Euro or Yen, an interest rate calculated by the Administrative Agent to reflect its cost of funds.
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Examples of Agent Rate in a sentence

  • In the event any additional interest is payable as a result of any discrepancy between the Borrower Provided Senior Rate and the Senior Administrative Agent Rate, payment of such additional interest will not be due hereunder for the purposes of Section 10.1(a) provided that it is paid within five days of it being requested by the Administrative Agent.

  • Any Paying Agent, Rate Reduction Bond Registrar, co-registrar or co-paying agent or agent appointed under Section 3.02 may do the same with like rights.

  • Any Paying Agent, Rate Stabilization Bond Registrar, co-registrar or co-paying agent or agent appointed under Section 3.02 may do the same with like rights.

  • If the Company fails to maintain a Registrar, Paying Agent, Conversion Agent, Rate Solicitation Agent, or Bid Solicitation Agent, the Trustee shall act as such and shall be entitled to appropriate compensation therefor pursuant to Section 7.07.

  • The Company initially appoints the Trustee as Registrar, Conversion Agent, Paying Agent, Rate Solicitation Agent and Bid Solicitation Agent in connection with the Securities.

  • An employee filling the position of Counter Sales Agent I, Telephone Sales Agent, Tour Sales Agent, Rate Refund Clerk, Special Traffic Clerk or Chief Passenger Clerk, has had less than weeks service with the Corporation, will be paid in accordance with Appendix A.

  • BNY Midwest Trust Company, Wachovia Bank, National Association, as Trustee, Exchange Rate Agent, as Successor Trustee, Successor Exchange and Calculation Agent Rate Agent, and Successor Calculation Agent By: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ By: /s/ ▇▇▇▇ ▇▇▇▇ ------------------------------ --------------------------- Title: Vice President Title: Vice President FMC Corporation By: /s/ ▇▇▇▇▇▇ ▇.

  • Except as provided in Article 8 and except with respect to any TIBOR Loan which has been converted to a Base Rate Loan pursuant to Section 8.2, 8.3 or 8.4 hereof, Borrower may not prepay all or any portion of the principal amount of any TIBOR Loan or Agent Rate Loan prior to the end of the Interest Period applicable thereto unless such Borrower shall also pay any applicable expenses pursuant to Section 2.

  • All costs and expenses incurred by the Secured Party in connection therewith, together with interest thereon at the Secured Party's Agent Rate plus four percent per annum, shall become part of the Obligations secured hereby and be paid by the Debtor upon demand.

  • If such amount is not made available to the Administrative Agent by the required time on the Closing Date, such Lender shall pay to the Administrative Agent, on demand, such amount with interest thereon at a rate equal to the daily average Agent Rate with respect to such Tranche for the period until such Lender makes such amount immediately available to the Administrative Agent.

Related to Agent Rate

  • Disbursement Rate means an annual rate of interest, as of the date of determination, equal to the greater of (a) eight percent (8%) and (b) the per annum rate for ten (10) year U.S. Treasury Obligations as published in The Wall Street Journal plus three hundred (300) basis points; provided, however, that in no event shall the Disbursement Rate exceed eleven and one-half percent (11.5%).

  • Daily LIBOR Rate means, for any day, the rate per annum determined by the Agent by dividing (x) the Published Rate by (y) a number equal to 1.00 minus the Reserve Percentage.

  • Payment Rate means the rate of compensation at which the Insured is indemnified, as determined by AFSC.

  • Relevant Rate means the Benchmark for a Representative Amount of the Specified Currency for a period (if applicable or appropriate to the Benchmark) equal to the Specified Duration commencing on the Effective Date.

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