Certificate of Deposit Rate means the rate of interest per annum determined by the Administrative Agent to be the arithmetic mean (rounded upward to the next 1/100th of 1%) of the rates notified to the Administrative Agent as the rates of interest bid by two or more certificate of deposit dealers of recognized standing selected by the Administrative Agent for the purchase at face value of dollar certificates of deposit issued by major United States banks, for a maturity comparable to such Interest Period and in the approximate amount of the CD Rate Loans to be made, at the time selected by the Administrative Agent on the first day of such Interest Period.

Certificate of Deposit Rate means the rate of interest per annum determined by the Agent to be the arithmetic mean (rounded upward to the next 1/100th of 1%) of the rates notified to the Agent as the rates of interest bid by two or more certificate of deposit dealers of recognized standing selected by the Agent for the purchase at face value of dollar certificates of deposit issued by major United States banks, for a maturity comparable to such Interest Period and in the approximate amount of the CD Rate Loans to be made, at the time selected by the Agent on the first day of such Interest Period.

Certificate of Deposit Rate means, for any CD Rate Interest Period, the rate of interest per annum determined by the Bank to be the arithmetic mean (rounded upward to the nearest 1/100th of 1%) of the rates notified to the Bank as the rates of interest bid by two or more certificate of deposit dealers of recognized standing selected by the Bank for the purchase at face value of dollar certificates of deposit issued by major United States banks, for a maturity comparable to the CD Rate Interest Period and in the approximate amount of the CD Rate Advance to be made, at the time selected by the Bank on the first day of such CD Rate Interest Period.

Examples of Certificate of Deposit Rate in a sentence

Unless otherwise disclosed on your Certificate of Deposit Rate Sheet or Receipt, all Certificate of Deposit accounts automatically renew to interest rates in effect at the time of maturity for the applicable term.
Borrowings are uncollateralized and bear interest at a rate of between 1.50% and 2.25% per annum over the bank's Reserve Adjusted Certificate of Deposit Rate (RACD) as defined in the agreement.
Anything to the contrary provided herein notwithstanding, upon any increase in the reserve percentage by the Board of Governors of the Federal Reserve System, Borrower shall have the right to request (which request shall not be unreasonably denied by Bank) the use of the thirty (30) day Secondary Certificate of Deposit Rate or some other mutually agreed upon index instead of the One Month LIBOR-Indexed Rate.
If the Interest Rate Basis specified on the face of this Note is the Certificate of Deposit Rate, Commercial Paper Rate, CMT Rate, Federal Funds Rate or Prime Rate, the Interest Determination Date with respect to any Interest Reset Date shall be the second Business Day immediately preceding such Interest Reset Date.
Substituting the difference between the 3 month and the 20 year treasury rate for the 6 month Certificate of Deposit Rate yields similar results.

More Definitions of Certificate of Deposit Rate

Certificate of Deposit Rate means, with respect to any CD Tranche Period, the average of the bid rates determined by the Liquidity Provider to be bid rates per annum, at approximately 10:00 a.m. (New York City time) on the Business Day before the first day of the CD Tranche Period for which such CD Rate is to be applicable, of two or more New York certificate of deposit dealers of recognized standing selected by the Liquidity Provider for the purchase in New York from the Liquidity Provider at face value of certificates of deposit of the Liquidity Provider in an aggregate amount approximately comparable to the amount of the CD Tranche to which such CD Rate is to be applicable and with a maturity approximately equal to the applicable CD Tranche Period.

Certificate of Deposit Rate has the meaning specified in the definition of "Adjusted CD Rate."

Certificate of Deposit Rate means, for any Interest Period with respect to any Certificate of Deposit Loan, an interest rate per annum (expressed as a percentage and rounded, if necessary, to the nearest 1/10,000 of one percent) equal to the sum

Certificate of Deposit Rate means for any Interest Period for CD

Certificate of Deposit Rate has the meaning assigned to such term in the definition of “Alternate Base Rate”.

Certificate of Deposit Rate has the meaning specified in the definition of -----------------------------

Certificate of Deposit Rate means the highest rate of return for certificates of deposit issued by Bank of America and having a maturity of one month.