Benchmark Interest Rates definition

Benchmark Interest Rates means interest rates administered by Financial Benchmark Administrators;

Benchmark Interest Rates means the publicly documented interest rates of each maturity included in the following indices:

Benchmark Interest Rates means the publicly documented interest rates of eachmaturity included in the following indices:

Examples of Benchmark Interest Rates in a sentence

• NCDOT will bear the risk and have the benefit of changes in Benchmark Interest Rates (either positive or negative) during the Interest Rate Protection Period in accordance with the CA Documents.

• The State and Local Government Series (SLGS) index, provided by the US Treasury.The Benchmark Interest Rates do not include any additional credit spread, margin or fee components.

• Benchmark Interest Rates For programs requiring the application of a benchmark interest rate, 19 CFR 351.505(a)(1) states a preference for using an interest rate that the company would pay on a comparable commercial loan that the company could actually obtain on the market.

• Benchmark Interest Rates for Deposits and Loansby duration, as of July 7, 2011 Deposits6 month1 year2 years3 years5 years Loans3.30%6 month6.10%3.50%1 year6.56%4.40%1-3 years6.65%5.00%3-5 years6.90%5.50%Over 5 years7.05%Source: People’s Bank of China, “PBC Decides to Raise RMB Benchmark Deposit and Loan Rates,” July 6, 2011.

• The interest rate adjustment will be based on the movement, if any, in the Benchmark Interest Rate(s) underlying the financing contained in Proposer’s Financial Plan and Financial Model.

• PGCPS will review this information and approve the credit spread / margin (with the Benchmark Interest Rates).

• If a Proposer wishes to request PGCPS approval for two debt instruments and corresponding Benchmark Interest Rates and credit spreads, that will be permissible assuming that both instruments were previously approved in the Interim Financial Proposal.

• While key terms and pricing on debt financing may reasonably fluctuate from those assumptions used in the Financial Proposal as the debt financing is finalized during the ENA Period, any changes to the proposed debt instruments or Benchmark Interest Rates used in the Indicative Financing Plan will, without PGCPS’ approval, be considered to be a repudiation of the Proposal.

• Proposers must provide detailed supporting documentation in order for PGCPS to verify and approve the requested Benchmark Interest Rates, such as screenshots on Bloomberg or pricing calculations.

• Benchmark Interest Rates will be priced as of 10:00 a.m. Eastern time on such date.