BBSY definition

BBSY has the meaning specified in the definition of “Alternative Currency Term Rate”.
View Source
BBSY has the meaning specified in the definition of Eurocurrency Base Rate.
View Source
BBSY has the meaning assigned to such term in clause (d) of the definition of “Term Benchmark Rate”.
View Source

Examples of BBSY in a sentence

  • Notwithstanding anything to the contrary herein, to the extent that Term SOFR, the Term ▇▇▇▇▇ Rate, the ▇▇▇▇▇ ▇▇▇▇, the BBSY Rate or the EURIBOR Rate and/or the Alternate Base Rate is not applicable to or available with respect to a Revolving Loan to be denominated in an Alternate Currency, the interest rate components applicable to such Alternate Currency shall be separately agreed by the Lead Borrower and the Administrative Agent.

  • If any such Interest Election Request requests a Term SOFR Borrowing, Term ▇▇▇▇▇ Rate Borrowing, BBSY Rate Borrowing or EURIBOR Rate Borrowing but does not specify an Interest Period, then the applicable Borrower shall be deemed to have selected an Interest Period of one (1) month’s duration.

  • Borrowings of more than one Type and Class may be outstanding at the same time; provided that there shall not at any time be more than a total of ten (10) different Interest Periods in effect for Term SOFR Borrowings, Term ▇▇▇▇▇ Revolving Loans, ▇▇▇▇▇ ▇▇▇▇ Revolving Loan, BBSY Revolving Loan or EURIBOR Revolving Loan, respectively, at any time outstanding (or such greater number of different Interest Periods as the Administrative Agent may agree from time to time).

  • At the commencement of each Interest Period for any Borrowing of BBSY Revolving Loans, such BBSY Revolving Loans shall comprise an aggregate principal amount that is an integral multiple of AUS$100,000 and not less than AUS$500,000.

  • Thereafter, the applicable Borrower may elect to convert any Borrowing to a Borrowing of a different Type or to continue such Borrowing and, in the case of a Term SOFR Borrowing, Term ▇▇▇▇▇ Rate Borrowing, BBSY Revolving Loan or EURIBOR Revolving Loan, may elect Interest Periods therefor, all as provided in this Section 2.08; provided that Revolving Loans denominated in any Alternate Currency shall be Alternate Currency Term Rate Borrowings at all times.


More Definitions of BBSY

BBSY as set forth in the definition of Eurocurrency Rate.
View Source
BBSY has the meaning specified in the definition of “Australian BBSR Rate”.
View Source
BBSY shall have the meaning provided in clause (c) of the definition of “Alternative Currency Term Rate.”
View Source
BBSY has the meaning assigned thereto in the definition of “Eurodollar Rate”.
View Source
BBSY with respect to Australian Dollars for any Interest Period (i) the rate of interest per annum equal to the per annum rate of interest which appears as “BID” on the page designated as “BBSY” on the Reuters Monitor System (or such other comparable page as may, in the reasonable opinion of the Administrative Agent and in consultation with the Borrower, replace such BBSY page on such system for the purpose of displaying the bank bill swap rates) with maturities comparable to such Interest Period at approximately 10:30 am (Sydney, Australia time) on the first day of such Interest Period or (ii) if such rate is not available at such time for any reason, the rate per annum determined by the Administrative Agent as the average of the buying rates quoted to the Administrative Agent at or around 10:30 am (Sydney, Australia time) on the first day of such Interest Period for bills of exchange accepted by leading Australian banks which have a tenor equal to such Interest Period. If any Interest Period is an Impacted Interest Period, then BBSY shall be the Interpolated Rate for such Interest Period. BBSY shall not be less than zero.
View Source
BBSY means the rate expressed as a percentage to be the arithmetic mean (rounded upwards, if necessary, to the nearest four decimal places) as supplied to the Facility Agent at its request quoted by at least two reference banks that are leading banks as the rate at which it is offered deposits in Australian Dollars and for the required period in the Australian interbank market at or about 11:00 a.m., Sydney time.
View Source
BBSY means the rate expressed as a percentage per annum:
View Source