Bill Rate definition

Bill Rate means, on any Business Day, the average (determined by MDL and rounded up to the nearest fifth decimal place) of the individual bid rates, expressed as a percentage per annum, quoted by entities (each a “bank”) on the Reuters Screen Pages “BKBL” and “BKBM” (or such other pages as may replace those pages on that service for displaying quotations for bank bills of exchange having a tenor of three Months) at or about 10.45 a.m. on the relevant Business Day for bills of exchange having a tenor of three Months which have been drawn, accepted or endorsed by such banks and for each non-Business Day, the Bill Rate on the most recent Business Day.

Bill Rate means on any day the rate (expressed as a yield per annum) which is—

Bill Rate means, in respect of any rate of interest to be calculated pursuant to this agreement, the Reserve Bank of New Zealand 90 day B2 Wholesale interest rate stated on the following page (or any successor page) http://www.rbnz.govt.nz/statistics/b2 at or about 3.00pm on the first Business Day of the period in respect of which such rate of interest is to be calculated, and thereafter at intervals of 90 days from that Business Day.

Examples of Bill Rate in a sentence

• Bank Bill Rate means, for the day of calculation, the average mid rate for bills having a tenor closest to 90 days, as displayed on the "BBSY" page of the Reuters Monitor System on that day.

• Late payment will attract an interest charge payable at the Bank Bill Rate plus two percentage points.

• The Applicable Rate per annum for any dividend period beginning on or after April 1, 2006 will be equal to .50% plus the highest of the Treasury Bill Rate, the Ten Year Constant Maturity Rate and the Thirty Year Constant Maturity Rate (each as defined below under “Adjustable Rate Dividends”), as determined in advance of such dividend period.

• The “Effective Rate” for any dividend period beginning on or after April 1, 2006 will be equal to the highest of the Treasury Bill Rate, the Ten Year Constant Maturity Rate and the Thirty Year Constant Maturity Rate (each as defined below) for such dividend period.

• The Treasury Bill Rate, the Ten Year Constant Maturity Rate and the Twenty Year Constant Maturity Rate shall each be rounded to the nearest five hundredths of a percentage point.

More Definitions of Bill Rate

Bill Rate means the average 90 day bank bill mid rate as quoted on Reuters Screen page BKBM (known as at the Commencement Date as the FRA rate) at or about 10.45 am as at the relevant date, provided that if, on or about that time for any reason the Reuters Screen page BKBM is not then available, the last rate quoted on that page before it became unavailable;

Bill Rate means in respect of any rate of interest to be calculated pursuant to this Agreement the mid or "FRA" rate for 90-day bank accepted bills (expressed as a percentage) as quoted on Reuters page BKBM (or any successor page) at or about 10.45 am on the first Business Day of the period in respect of which such rate of interest is to be calculated, and thereafter on each succeeding Business Day of the period.

Bill Rate means in respect of any rate of interest to be calculated pursuant to the Agreement the mid or “FRA” rate for 90 day bank accepted bills (expressed as a percentage) as quoted on Reuters page BKBM (or any successor page) at or about 10.00am on the first Business Day of the period in respect of which that rate of interest is to be calculated, and thereafter at intervals of 90 days from that Business Day.

Bill Rate in relation to each Interest Period mexxx the rate (expressed as a percentage per annum) which is the bid rate shown at approximately 10:15 a.m., Sydney time, on page "BBSY" on the Reuters Monitor System on the first day of that Interest Period for a term approximately equal to that Interest Period, but if such rate is no longer available, the Bill Rate means the rate reasonably determined by xxx Australian Agent to be the average rate at which Westpac Banking Corporation, Australia and New Zealand Banking Group and the Commonwealth Bank of Australia are purchasing bills of exchange accepted by an Australian Lender for a term approximately equal to that Interest Period on such day.

Bill Rate in relation to each Interest Period means the rate (expressed as a percentage per annum) which is the average of the bid rates shown at approximately 11.00 am Wellington time on page "BKBM" on the Reuters Screen (or its successor page) on the first day of that Interest Period for a term approximately equal to the duration of that Interest Period (or if that Interest Period is subject to marginal adjustment, for a term equal to the duration of the Interest Period prior to such adjustment) provided that if such rate is no longer available or, in the opinion of the Agent such rate becomes inappropriate, unfair or incapable of application, the Bill Rate shall mean the rate reasonably determined by the Agent to be the appropriate equivalent rate having regard to prevailing market conditions.

Bill Rate means the hourly pay rate billed to the Government by a Staffing Agency for Temporary Labor Personnel. The Bill Rate includes the Direct Pay Rate and the Staffing Agency mark-up.

Bill Rate means, at the relevant time, the rate percent per year (expressed as a yield to maturity and rounded upwards if necessary to 4 decimal places) being: