Automatic Rate Fixing Conversion definition

Automatic Rate Fixing Conversion means an Interest Rate Conversion whereby either (i) the initial Reference Rate component of the interest rate for a Credit based on a Variable Spread is converted to a Fixed Reference Rate; or (ii) the initial Variable Rate for a Credit with a Fixed Spread is converted to a Fixed Rate, in either case for the aggregate principal amount of the Credit withdrawn from the Credit Account during each of the two or more consecutive Interest Periods of that equals or exceeds a specified threshold, and for the full maturity of such amount, as specified in the Financing Agreement or in a separate request from the Recipient.
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Automatic Rate Fixing Conversion means an “Automatic Rate Fixing Conversion” as defined in the relevant General Conditions or described in the relevant Loan Agreement and subject to the provisions of Section III.3.4 of this Directive.
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Automatic Rate Fixing Conversion means an Interest Rate Conversion whereby either: (i) the initial Reference Rate component of the interest rate for a Loan based on a
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Examples of Automatic Rate Fixing Conversion in a sentence

  • The Borrower elects to apply the Automatic Rate Fixing Conversion to the Loan.

  • Consequently, any portions of the Loan on which the interest rate is not fixed pursuant to the withdrawn Request for Automatic Rate Fixing continue to accrue interest at the Variable Rate applicable prior to such Automatic Rate Fixing Conversion, subject to Section III.3.5.4 below.3.5 Effecting Conversions 3.5.1 Fixed Rate Conversions.

  • Subject to Section 4.01(e) below, the Borrower may at any time request any of the following Conversions: (i) a Currency Conversion, including Local Currency Conversion and Automatic Conversion into Local Currency; (ii) an Interest Rate Conversion, including Automatic Rate Fixing Conversion; and (iii) an Interest Rate Cap or Interest Rate Collar.


More Definitions of Automatic Rate Fixing Conversion

Automatic Rate Fixing Conversion means an Interest Rate Conversion whereby either:
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Automatic Rate Fixing Conversion means an “Automatic Rate Fixing Conversion” as defined in the relevant General Conditions or described in the relevant Loan Agreement and as further described in the provisions of Section
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Related to Automatic Rate Fixing Conversion

  • Automatic Conversion means the irrevocable and automatic release of all of the Company’s obligations under the Securities (other than the CSO Obligations, if any) in consideration of the Company’s issuance of the Conversion Shares at the Conversion Price to the Conversion Shares Depository (on behalf of the Holders and Beneficial Owners of the Securities) or to the relevant recipient of such Conversion Shares, all in accordance with the terms of the Securities.

  • Interest Conversion Rate means the lesser of (a) the Conversion Price or (b) 85% of the lesser of (i) the average of the VWAPs for the 10 consecutive Trading Days ending on the Trading Day that is immediately prior to the applicable Interest Payment Date or (ii) the average of the VWAPs for the 10 consecutive Trading Days ending on the Trading Day that is immediately prior to the date the applicable Interest Conversion Shares are issued and delivered if after the Interest Payment Date.

  • Default Conversion Price shall have the meaning set forth in Section 4(b).

  • New Conversion Price means the amount determined in accordance with the following formula, which shall apply from the QTE Effective Date: NCP = ECP * (VWAPAES / VWAPOS) where:

  • Conversion Date shall have the meaning set forth in Section 4(a).