Applicable Determining Rate definition

Applicable Determining Rate means, (i) for any Standard Dividend Period or Short Dividend Period of 183 days or less, the Applicable "AA" Composite Commercial Paper Rate, (ii) for any Short Dividend Period of 184 to 364 days, the Applicable Treasury Bill Rate and (iii) for any Long Dividend Period, the Applicable Treasury Note Rate.
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Applicable Determining Rate means with respect to a Dividend Period from 1 day to 5 days, the greater of the Effective Composite Commercial Paper Rate for commercial paper of a term of 5 days and the Federal Funds Rate; with respect to a Dividend Period of 6 days to 89 days, the Effective Composite Commercial Paper Rate; with respect to a Dividend Period of 90 days to 364 days, the Effective LIBOR Rate; and with respect to a Dividend Period of 365 days to 30 years, the U.S. Treasury Rate.
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Applicable Determining Rate means (i) for any Dividend Period from 1 to
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Examples of Applicable Determining Rate in a sentence

  • Not later than 9:30 A.M. on each Auction Date, the Auction Agent shall notify by telephone the Company and the Broker-Dealers of the Applicable Determining Rate so determined and the Maximum Applicable Rate for the relevant series.

  • Time Event ---- ----- By 9:30 A.M. Auction Agent advises the Company and Broker-Dealers of the Applicable Determining Rate and the Maximum Applicable Rate as set forth in Section 2.3(a) hereof.

  • Time on Auction Date Event -------------------- ----- By 9:30 A.M. Auction Agent advises the Company and the Broker-Dealers of Applicable Determining Rate and the Maximum Applicable Rate as set forth in Section 2.3(c)(i) hereof.

  • If the Applicable Determining Rate is not quoted on an interest basis but is quoted on a discount basis, the Auction Agent shall convert the quoted rate to its interest equivalent in accordance with the terms of the Designation.

Related to Applicable Determining Rate

  • Reference Rate Determination Date means, in relation to any Reference Rate Business Day(i):

  • Pricing Rate Determination Date means with respect to any Pricing Rate Period with respect to any Transaction, the second (2nd) Business Day preceding the first day of such Pricing Rate Period.

  • Rate Determination Date means two (2) Business Days prior to the commencement of such Interest Period (or such other day as is generally treated as the rate fixing day by market practice in such interbank market, as determined by the Administrative Agent; provided that to the extent such market practice is not administratively feasible for the Administrative Agent, such other day as otherwise reasonably determined by the Administrative Agent).

  • Applicable Reference Rate means, collectively or individually, Term SOFR, Daily Compounded ▇▇▇▇▇, ▇▇▇▇▇ or the EURIBOR Rate.

  • Rate Determination Notice has the meaning specified in Section 3.07(g).