{"component": "definition", "props": {"groups": [{"snippet": "means the simple arithmetic mean of the bank rates in effect at 4:00 p.m. Eastern Standard Time each day during the calendar month which immediately precedes the calendar month in which payment is made, where the \"bank rate\" means the rate of interest established from time to time by the Bank of Canada as the minimum rate at which the Bank of Canada makes short term advances to members of the Canadian Payments Association;", "snippet_links": [{"key": "arithmetic-mean", "type": "definition", "offset": [17, 32]}, {"key": "in-effect", "type": "definition", "offset": [51, 60]}, {"key": "eastern-standard-time", "type": "definition", "offset": [74, 95]}, {"key": "calendar-month", "type": "definition", "offset": [116, 130]}, {"key": "bank-rate", "type": "definition", "offset": [214, 223]}, {"key": "rate-of-interest", "type": "definition", "offset": [235, 251]}, {"key": "from-time-to-time", "type": "clause", "offset": [264, 281]}, 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Association;", "size": 402, "title": "Average Rate", "id": "average-rate", "examples": ["Union <strong>Average Rate</strong> Identifiers Classification(s) listed under the UAVG identifier indicate that no single majority rate prevailed for those classifications; however, 100% of the data reported for the classifications was union data.", "For each Distribution Date (and the related Interest Accrual Period) each of the Class M-1, Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 and Class B-6 Certificates shall accrue interest at a per annum rate equal to the B <strong>Average Rate</strong>.", "Prior to January 31, 2005, the 36 Month <strong>Average Rate</strong> shall mean only the average of the Month End Rates which have occurred since January 31, 2002, even though less than 36.", "For each Distribution Date (and the related Interest Accrual Period) each of the Class B1, Class B2, Class B3, Class B4, Class B5 and Class B6 Certificates will accrue interest at a per annum rate 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Class B5 and Class B6 Certificates shall accrue interest at a per annum rate equal to the B <strong>Average Rate</strong>.", "The interest rate shall be adjusted higher or lower on the 15th day of every month thereafter to reflect any change in the SOFR 30-Day <strong>Average Rate</strong> for the prior month, and this higher or lower rate will thereafter apply to the outstanding principal indebtedness and remain in effect until a different rate of interest is established.", "SARON: with respect to any applicable determination date, the Swiss <strong>Average Rate</strong> Overnight published on such date on the applicable Reuters screen page (or such other commercially available source providing such quotations as may be designated by the Agent from time to time); provided however that if such determination date is not a Business Day, SARON means such rate that applied on the first Business Day immediately prior thereto."], "related": [["wage-rate", "Wage Rate", "Wage Rate"], 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