Bank Rate Funding definition

Bank Rate Funding means a Bank Funding or a Liquidity Funding.
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Bank Rate Funding means a purchase by any Liquidity Provider pursuant to its Liquidity Commitment of all or any portion of, or any undivided interest in, a Receivable Interest or any funding of a Receivable Interest hereunder by a Related Committed Purchaser other than through the issuance of Commercial Paper.
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Examples of Bank Rate Funding in a sentence

  • On the Settlement Date for each Receivable Interest that is funded with a Bank Rate Funding, Seller shall pay to each applicable Purchaser Agent (for the benefit of its Purchaser Group) an aggregate amount equal to the accrued and unpaid Yield thereon for the entire Interest Period of each related Bank Rate Funding in accordance with Article II.

  • If for any reason any Conduit Purchaser is unable, or determines that it is undesirable, to issue Commercial Paper to fund or maintain its investment in the Receivable Interests, or is unable for any reason to repay such Commercial Paper upon the maturity thereof, such Conduit Purchaser may avail itself of a Bank Rate Funding to the extent available.

  • Seller may select the LIBO Rate (subject to Section 4.4 below) or the Alternate Base Rate for each Bank Rate Funding.

  • Unless Seller gives sufficient notice to the applicable Purchaser Agent of another Yield Rate (in accordance with the preceding sentence), the initial Yield Rate for any Bank Rate Funding shall be the Alternate Base Rate (unless the Default Rate is then applicable).

  • Until Seller gives the required notice to the Administrator and the applicable Purchaser Agent of another Yield Rate in accordance with Section 4.3, the initial Yield Rate for any Receivable Interest funded with a Bank Rate Funding shall be the Alternate Base Rate (unless the Default Rate is then applicable).

  • Unless Seller gives sufficient notice to the applicable Purchaser Agent of another Yield Rate (in accordance with the preceding sentence), the initial Yield Rate for any Bank Rate Funding shall be the Alternate Base Rate (unless the Default Rate is then applicable).[Reserved].

  • Until Seller gives the required notice to the Administrator and the applicable Purchaser Agent of another Yield Rate in accordance with Section 4.3, theThe initial Yield Rate for any Receivable Interest funded with a Bank Rate Funding shall be the Alternate Base Rate (unless the Default Rate is then applicable).

Related to Bank Rate Funding

  • Bank Rate means the one year marginal cost of lending rate (MCLR) of the State Bank of India issued from time to time plus 350 basis points;”

  • Principal Funding Account shall have the meaning specified in subsection 4.03(a)(i).

  • Loan Interest Rate means, as to any Loan, the annual rate of interest specified in the Loan.

  • Revolving Advance has the meaning given in Section 2.1.

  • Term Loan Interest Rate means for any day a per annum rate of interest equal to the greater of either (i) 9.25% plus the prime rate as reported in The Wall Street Journal minus 3.50% and (ii) 9.25%.

  • Base Rate Term Loan means any portion of the Term Loan during any period in which it bears interest based on the Base Rate.

  • U.S. Base Rate Loan means a Loan denominated in Dollars which bears interest at a rate based upon the U.S. Base Rate.

  • Reference Rate Loan means any Committed Loan that bears interest at a rate determined with reference to the Reference Rate.

  • Reference Bank Rate means the arithmetic mean of the rates (rounded upwards to four decimal places) as supplied to the Facility Agent at its request by the Reference Banks as the rate at which the relevant Reference Bank could borrow funds in the London interbank market in dollars for the relevant period, were it to do so by asking for and then accepting interbank offers for deposits in reasonable market size in that currency and for that period.

  • Reference Rate Advance means an Advance which bears interest as provided in Section 2.09(a).

  • Swing Loan Maturity Date means, with respect to any Swing Loan, the earlier of (i) the last day of the period for such Swing Loan as established by the Swing Line Lender and agreed to by the Borrower, which shall be less than seven (7) Business Days, and (ii) the Revolving Facility Termination Date.

  • Net Loan Rate With respect to any Mortgage Loan (or the related REO Property), as of any date of determination, a per annum rate of interest equal to the then applicable Loan Rate for such Mortgage Loan minus the related Servicing Fee Rate and the Master Servicing Fee Rate.

  • Adjustable Rate Mortgage Loan A Mortgage Loan serviced pursuant to this Agreement under which the Mortgage Interest Rate is adjusted from time to time in accordance with the terms and provisions of the related Mortgage Note.

  • Revolving Loan Maturity Date means April 15, 2012, unless extended by Lender pursuant to any modification, extension or renewal note executed by Borrowers and accepted by Lender in its sole and absolute discretion in substitution for the Revolving Note.

  • Floating Rate Advance means an Advance which bears interest at the Floating Rate.

  • Revolving Interest Rate means an interest rate per annum equal to (a) the sum of the Alternate Base Rate plus the Applicable Margin with respect to Domestic Rate Loans and (b) the sum of the Eurodollar Rate plus the Applicable Margin with respect to Eurodollar Rate Loans.

  • Base Rate Loans Loans the rate of interest applicable to which is based upon the Base Rate.

  • Base Rate Committed Loan means a Committed Loan that is a Base Rate Loan.

  • Funding Rate means any individual rate notified by a Lender to the Facility Agent pursuant to sub-paragraph (ii) of paragraph (a) of Clause 10.3 (Cost of funds).

  • PPP Loan has the meaning set forth in Section 3.28.

  • Trustee Advance Rate With respect to any Advance made by the Trustee pursuant to Section 4.01(b), a per annum rate of interest determined as of the date of such Advance equal to the Prime Rate in effect on such date plus 5.00%.

  • CB Floating Rate means the Prime Rate; provided that the CB Floating Rate shall never be less than the Adjusted One Month LIBOR Rate on such day (or if such day is not a Business Day, the immediately preceding Business Day). Any change in the CB Floating Rate due to a change in the Prime Rate or the Adjusted One Month LIBOR Rate shall be effective from and including the effective date of such change in the Prime Rate or the Adjusted One Month LIBOR Rate, respectively.

  • Base Rate Advance means an Advance that bears interest as provided in Section 2.07(a)(i).

  • Receivables Advance Rate shall have the meaning set forth in Section 2.1(a)(y)(i) hereof.

  • Floating Rate Loan means a Loan which bears interest at the Floating Rate.