BADLAR definition

BADLAR means the average interest rate (tasa pasiva) applicable to 30 to 35 days’ term deposits of ARS1,000,000 (Pesos one million) or more with private financial institutions located in the City of Buenos Aires or the Greater Buenos Aires area (as set forth on the webpage of the Central Bank), resulting from the survey made by the Central Bank which is published daily by the Central Bank. In order to determine the Badcor Rate, the Argentine Paying Agent shall calculate the simple average of the last five (5) interest rates published by the Central Bank, including, if available, the interest rate published as of 1:00 p.m. (Buenos Aires City time) on the relevant Interest Determination Date.
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BADLAR means the average interest rate (tasa pasiva) applicable to 30 to 35 days´ term deposits of Ps. 1,000,000 or more with private financial institutions located in the City of Buenos Aires or the Greater Buenos Aires area (Ticker BADLARPP of Bloomberg), resulting from the survey made by the BCRA which is published daily by such BCRA.
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Examples of BADLAR in a sentence

  • The Interest Rate Basis for each Floating Rate Note will be: (a) LIBOR, in which case such Note will be a LIBOR Note: (b) the Treasury Rate, in which case such Note will be a Treasury Rate Note; or (c) such other interest rate basis as is set forth in such Pricing Supplement, including but not limited to BADLAR Private Banks Rate and/or CER (Coeficiente de Estabilización y Referencia or Reference Stabilization Index rate).

  • The BADCOR for any Interest Period shall be calculated by the Agent on the first day of such Interest Period, taking into account the average BADLAR during the previous five days on which a publication of the BADLAR was available and shall be communicated in writing to the Borrower and the Controlling Shareholders within three (3) Business Days from calculation.

  • Should all the Lenders and the Borrower not reach an agreement as to such substitute base rate, then the interest corresponding to any Interest Period shall be calculated by applying an interest rate to be informed in writing to the Borrower by the Agent (with the consent of all the Lenders), which rate should follow market standards, be similar to BADLAR and reasonably reflect the Lenders’ actual funding costs.