Bloomberg CP Rate definition
Bloomberg CP Rate. For each day in a calendar month, the rate per annum determined on the CD equivalent yield basis equal to the composite broker/dealer offered rate for 30-day “A1/P1/F1” rated U.S. asset-backed commercial paper, which rate appears on a Bloomberg L.P. terminal, displayed under the address “ACPB030Y <Index> <Go>” effective as of 10:00 a.m., New York time, on the first Business Day of such month, provided that if no such offered rates appear on such page, the Bloomberg CP Rate for such month will be the arithmetic average (rounded upwards, if necessary, to the next higher 1/100th of 1%) of CP Rates being paid by the Buyer under the Credit and Security Agreement as of the first Business Day of such month.
Bloomberg CP Rate. For each day in a calendar month, the rate PER ANNUM determined on the CD equivalent yield basis equal to the composite broker/dealer offered rate for 30-day "A1/P1/F1" rated U.S. asset-backed commercial paper, which rate appears on a Bloomberg L.P. terminal, displayed under the address "ACPB030Y (Index) (Go)" effective as of 10:00 a.m., New York time, on the first Business Day of such month, PROVIDED THAT if no such offered rates appear on such page, the Bloomberg CP Rate for such month will be the arithmetic average (rounded upwards, if necessary, to the next higher 1/100th of 1%) of CP Rates being paid by the Buyer under the Credit and Security Agreement as of the first Business Day of such month.