Australian Dollar Rate definition

Australian Dollar Rate means (a) the applicable Australian Screen Rate; or (b) if (i) no Australian Screen Rate is available for the currency or period of that Loan or (ii) the basis on which the agreed Australian Screen Rate page is calculated or displayed is changed and the Required Lenders instruct the Administrative Agent (after consultation by the Administrative Agent with the Australian Borrower) that in their opinion it ceases to reflect the Lenders’ cost of funding to the same extent as at the date of this Agreement, and no new relevant page is specified under the definition of “Australian Screen Rate”, the arithmetic mean of the rates (rounded upwards to four decimal places) as supplied to the Administrative Agent at its request quoted by the Facility Agent to leading banks in the London interbank market, as of 11:00 (London time) on the Interest Determination Date for the offering of deposits in the currency of that Loan and for a period comparable to the Interest Period for that Loan; provided that in the event the Administrative Agent has made any determination pursuant to Section 2.10(a)(i) in respect of Australian Dollar Loans, or in the circumstances described in clause (i) to the proviso to Section 2.10(b) in respect of such Australian Dollar Loans, the Australian Dollar Rate determined pursuant to this definition shall instead be the rate determined by each affected Lender to be that which expresses as a percentage rate per annum the cost to that affected Lender of funding its participation in that Australian Dollar Loan from whatever source or sources it may reasonably select.
Sample 1Sample 2
Australian Dollar Rate means the average bid reference rate as administered by the Australian Financial Markets Association (or any other Person that takes over the administration of that rate) for Australian Dollar bills of exchange. Base Rate shall mean, for any day, a fluctuating per annum rate of interest equal to the highest of (i) the Prime Rate, (ii) the Federal Funds Open Rate, plus one half of one percent (0.5%) and (iii) the Daily Libor Rate plus one percent (1.00%). Any change in the Base Rate (or any component thereof) shall take effect at the opening of business on the day such change occurs. Base Rate Option shall mean the option of the Borrower to have Loans denominated in Dollars bear interest at the rate and under the terms set forth in Section 3.1.1(i) [Revolving Credit Base Rate Option]. Borrower shall have the meaning specified in the preamble of this Agreement. Borrowing Date shall mean, with respect to any Loan, the date for the making thereof or the renewal or conversion thereof at or to the same or a different Interest Rate Option, which shall be a Business Day.
Sample 1
Australian Dollar Rate means, for any Interest Period for all ---------------------- Facility B Advances or Facility C Advances in Australian Dollars comprising part of the same Facility B or Facility C Borrowing, respectively:
Sample 1

Examples of Australian Dollar Rate in a sentence

  • Australian Dollar Rate shall mean the average bid reference rate as administered by the Australian Financial Markets Association (or any other Person that takes over the administration of that rate) for Australian Dollar bills of exchange.

  • The lower gain is due to lower average funds in 1Q FY2016 compared to 1Q FY2015 and a lower change over the quarter in the Singapore Dollar to Australian Dollar Rate.

  • There’s also a sharp decrease in the fund’s price for the month of October and December 2015 due to the fluctuations of Australian Dollar Rate.

  • He was a lay religious thinker charged with deconstructing and neutralising the ideas of the Iranian left, reflecting the state’s wish to eliminate the threat as well as remove the ideological challenge.

  • Such LIBOR Rate may also be expressed by the following formula: LIBOR Rate =Australian Dollar Rate quoted by Bloomberg or appropriate successor as shown on Bloomberg Page BTMM_ AU1.00 - Reserve Percentage The LIBOR Rate shall be adjusted with respect to any Loan to which the LIBOR Rate Option applies that is outstanding on the effective date of any change in the Reserve Percentage as of such effective date.

  • Such LIBOR Rate may also be expressed by the following formula: LIBOR Rate = Australian Dollar Rate quoted by Bloomberg or appropriate successor as shown on Bloomberg Page BTMM_ AU 1.00 - Reserve Percentage The LIBOR Rate shall be adjusted with respect to any Loan to which the LIBOR Rate Option applies that is outstanding on the effective date of any change in the Reserve Percentage as of such effective date.

  • Such LIBOR Rate may also be expressed by the following formula: LIBOR Rate = Australian Dollar Rate quoted by Bloomberg or appropriate successor as shown on Bloomberg Page BBSY 1.00 - Reserve Percentage The LIBOR Rate shall be adjusted with respect to any Loan to which the LIBOR Rate Option applies that is outstanding on the effective date of any change in the Reserve Percentage as of such effective date.


More Definitions of Australian Dollar Rate

Australian Dollar Rate means the average bid reference rate as administered by the Australian Financial Markets Association (or any other Person that takes over the administration of that rate) for Australian Dollar bills of exchange. Bail-In Action shall mean the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution. Bail-In Legislation shall mean, with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule. Base Rate shall mean, for any day, a fluctuating per annum rate of interest equal to the highest of (i) 0.00%, (ii) the Prime Rate, (iii) the Overnight Bank Funding Rate, plus one half of one percent (0.50%) and (iv) the Daily Libor Rate plus one percent (1.00%). Any change in the Base Rate (or any component thereof) shall take effect at the opening of business on the day such change occurs. Base Rate Option shall mean the option of the Borrowers to have Loans denominated in Dollars bear interest at the rate and under the terms set forth in Section 3.1.1(i) [Revolving Credit Base Rate Option]. Beneficial Ownership Regulation means 31 C.F.R. § 1010.230. Benefit Plan shall mean any of (i) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of ERISA, (ii) a “plan” as defined in and subject to Section 4975 of the Code or (iii) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”. Borrowers shall mean, collectively, the Closing Date Borrowers and each Designated Foreign Borrower from time to time party to this Agreement. Borrowing Date shall mean, with respect to any Loan, the date for the making thereof or the renewal or conversion thereof at or to the same or a different Interest Rate Option, which shall be a Business Day.
Sample 1
Australian Dollar Rate means the higher of (i), on any Australian Interest Determination Date in respect of an Interest Period (a) the rate, expressed as a yield per cent per annum, that is quoted as the average bid rate on the Reuters screen BBSY page (or any page that replaces that page) at about 10.30 am (Sydney, Australia time) on the Australian Interest Determination Date for Bank Bills that have a tenor equivalent to that Interest Period, or (b) if the rate described in (a) above is not displayed, the rate determined by the Administrative Agent to be the average of the buying rates quoted to the Administrative Agent by 3 Australian Reference Banks at about 11.00 am (Sydney, Australia time) on the Australian Interest Determination Date for Bank Bills that have a tenor equivalent to that Interest Period, or (c) if there are less than 3 Australian Reference Banks quoting buying rates described in paragraph (b) above, the rate set on that day by the Administrative Agent in good faith having regard to the Lenders that are providing Australian Dollar Denominated Revolving Loans cost of funding for the Interest Period and comparable indices then available in current markets and (ii) 1.50% per annum.
Sample 1
Australian Dollar Rate means the average bid reference rate as administered by the Australian Financial Markets Association (or any other Person that takes over the administration of that rate) for Australian Dollar bills of exchange. Available Tenor shall mean, as of any date of determination and with respect to the then-current Benchmark for any Currency, as applicable, (x) if the then current Benchmark for such Currency is a term rate or is based on a term rate, any tenor for such Benchmark that is or may be used for determining the length of an Interest Period pursuant to this Agreement as of such date and not including, for the avoidance of doubt, any tenor for such Benchmark that is then-removed from the definition of “Interest Period” pursuant to Section 3.4.4.5 [Unavailability of Tenor of Benchmark], or (y) if the then current Benchmark for such Currency is not a term rate nor based on a term rate, any payment period for interest calculated with reference to such Benchmark pursuant to this Agreement as of such date.
Sample 1

Related to Australian Dollar Rate

  • Euro-Dollar Rate means a rate of interest determined pursuant to Section 2.07(b) on the basis of a London Interbank Offered Rate.

  • Australian Dollar means the lawful currency of Australia.

  • Australian Dollars means the lawful currency of Australia.

  • Canadian Dollar means the lawful currency of Canada.

  • Canadian Dollar Equivalent of any amount which is expressed in United States Dollars means, on any date, the Canadian dollar equivalent of such amount determined by multiplying such amount by the U.S. - Canadian Exchange Rate in effect on such date;

  • Alternative Currency Daily Rate means, for any day, with respect to any Credit Extension:

  • Reference Currency means the currency specified as such in the applicable Final Terms.

  • Canadian Dollars means the lawful currency of Canada.

  • Adjusted Eurocurrency Rate means, with respect to any Eurocurrency Borrowing for any Interest Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal to (a) the Eurocurrency Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate for such Interest Period.

  • Alternative Currency Term Rate means, for any Interest Period, with respect to any Credit Extension:

  • Euro-Dollar Margin means a rate per annum determined in accordance with the Pricing Schedule.

  • U.S. Dollar Equivalent means, on any date of determination, (a) with respect to any amount in US Dollars, such amount, and (b) with respect to any amount in any Alternative Currency, the equivalent in US Dollars of such amount, determined by the Administrative Agent pursuant to Section 1.05 using the Exchange Rate with respect to such Alternative Currency at the time in effect under the provisions of such Section.

  • Applicable Eurodollar Rate Margin means, with respect to any Eurodollar Rate Advance, for each Pricing Period, the interest rate margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: Applicable Pricing Level Margin I 52.50 II 62.50 III 72.50 IV 82.50 V 92.50

  • Eurodollar Rate Margin means the margin over the Eurodollar Rate used in determining the rate of interest of Eurodollar Rate Loans pursuant to subsection 2.2A.

  • Eurocurrency Rate means, for any Interest Period with respect to any Eurocurrency Rate Loan:

  • Adjusted Eurodollar Rate means for any Interest Period with respect to any Eurodollar Loan, an interest rate per annum (rounded upwards, if necessary, to the next 1/100 of 1.00%) equal to (a) the Eurodollar Rate for such Interest Period multiplied by (b) the Statutory Reserves.

  • Canadian-U.S. Exchange Rate means, on any date, the inverse of the U.S. - Canadian Exchange Rate in effect on such date;

  • Base Currency Amount means, in relation to a Loan, the amount specified in the Utilisation Request delivered by a Borrower for that Loan (or, if the amount requested is not denominated in the Base Currency, that amount converted into the Base Currency at the Agent’s Spot Rate of Exchange on the date which is three Business Days before the Utilisation Date or, if later, on the date the Agent receives the Utilisation Request) adjusted to reflect any repayment or prepayment of the Loan.

  • Eurodollar Rate with respect to each day during each Interest Period pertaining to a Eurodollar Loan, a rate per annum determined for such day in accordance with the following formula (rounded upward to the nearest 1/100th of 1%): Eurodollar Base Rate

  • Alternative Currency means each of Euro, Sterling, Yen and each other currency (other than Dollars) that is approved in accordance with Section 1.06.

  • Alternative Currency Daily Rate Loan means a Loan that bears interest at a rate based on the definition of “Alternative Currency Daily Rate.” All Alternative Currency Daily Rate Loans must be denominated in an Alternative Currency.

  • Swingline Rate means the Base Rate plus the Applicable Margin applicable to Base Rate Loans.

  • U.S.-Canadian Exchange Rate means, on any date:

  • Overnight Foreign Currency Rate means, for any amount payable in a Foreign Currency, the rate of interest per annum as determined by the Administrative Agent at which overnight or weekend deposits in the relevant currency (or if such amount due remains unpaid for more than three (3) Business Days, then for such other period of time as the Administrative Agent may elect) for delivery in immediately available and freely transferable funds would be offered by the Administrative Agent to major banks in the interbank market upon request of such major banks for the relevant currency as determined above and in an amount comparable to the unpaid principal amount of the related Credit Event, plus any taxes, levies, imposts, duties, deductions, charges or withholdings imposed upon, or charged to, the Administrative Agent by any relevant correspondent bank in respect of such amount in such relevant currency.

  • Eurocurrency Rate Reserve Percentage for any Interest Period for all Eurocurrency Rate Advances comprising part of the same Borrowing means the reserve percentage applicable two Business Days before the first day of such Interest Period under regulations issued from time to time by the Board of Governors of the Federal Reserve System (or any successor) for determining the maximum reserve requirement (including, without limitation, any emergency, supplemental or other marginal reserve requirement) for a member bank of the Federal Reserve System in New York City with respect to liabilities or assets consisting of or including Eurocurrency Liabilities (or with respect to any other category of liabilities that includes deposits by reference to which the interest rate on Eurocurrency Rate Advances is determined) having a term equal to such Interest Period.

  • Alternate Currency means (i) with respect to any Letter of Credit, Canadian Dollars and any other currency other than Dollars as may be acceptable to the Administrative Agent and the Issuing Bank with respect thereto and all respective Lenders of such Facility with respect thereto in their sole discretion and (ii) with respect to any Loan, any currency other than Dollars that is approved in accordance with Section 1.05.