CETES Rate definition

CETES Rate means, for any Interest Period with respect to a Peso Rate Loan, the rate equal to the Federal Treasury Certificates Rate for a twenty-eight day period, as published by Banco de Mexico in the Official Daily of the Federation on the most recent date prior to the Business Day on which such Interest Period is to commence.
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CETES Rate means the last annual interest yield rate equivalent to the discount rate of the Certificates of the Federal Treasury in a 28 day term, or, in case the end of such term were to fall on a non-business day, of 26, 27 or 29 days, in the primary position weekly made known by the Federal Government through the Ministry of Finance and Public Credit (Secretaría de Hacienda y Crédito Público) through notices in the newspapers of major circulation in the country, being applicable to this Credit the last CETES Rate made known before the beginning of each Interest Period. In case none of the aforementioned rates are published, the parties agree to the execution of an amendment agreement for this Agreement, with the purpose of establishing the interest rate applicable to the same. The foregoing, within a term no greater than 30 (thirty) calendar days notifies the Borrower of said circumstance.
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CETES Rate means the average annual yield, calculated monthly, on CETES with maturities of up to one month, issued during the month in which a CETES Rate is calculated, or such other index reflecting the cost of funds to the Guarantor as shall be acceptable to the Guarantor and the Bank;
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Examples of CETES Rate in a sentence

  • The Amount of Indebtedness in effect will accrue ordinary interest monthly, which will be calculated to the last day of each Interest Calculation Period at the rate obtained from adding 2.5 (two point five) percentage points to the CETES Rate.

  • Following the expiration of the Interest Period for any LIBOR-based Loan or TIIE-based Loan, as the case may be, interest shall automatically accrue (x) if such Loan is a LIBOR-based Loan, at the Federal Funds Rate unless Borrower requests and receives another LIBOR-based Loan as provided in this Section 2.11 or (y) if such Loan is a TIIE-based Loan, at the CETES Rate unless Borrower requests and receives another TIIE-based Loan as provided in this Section 2.11.


More Definitions of CETES Rate

CETES Rate. Means the average of the annual yield, equal to the discount of the Federation Treasury Certificates (Certificados de la Tesoreria de la Federacion) (Cetes) in the first exchange issued for a term of twenty-eight (28) days or for a substitute term in the case of non business days, corresponding to the auctions held during the immediately preceding month on the first date of each Interest Calculation Period or on the date on which the delay occurs, recognizing that both the ordinary and moratory interest will vary monthly together with the variations of the Cetes Rate. TIIE Rate. Means the Interbank Balance Interest Rate (Tasa de Interes Interbancaria de Equilibrio) published periodically by Banco de Mexico in the Official Federal Gazette (Diario Oficial de la Federacion) on the last day of the preceding month, as well as of the date on which the first Credit Disbursement (Disposicion de Credito) as well as on the date on which the delay occurs, provided that the calculation of ordinary and moratory interests, as the case may be, will be made monthly based on the last Interbank Balance Interest Rate published in the preceding month, regardless of the term for which it was determined and if on such date various Interbank Balance Interest Rates for various terms are published the following will apply: (i) the Interbank Balance Interest Rate set for the term of twenty-eight (28) days; (ii) failing that, that Interbank Balance Interest Rate for term of greater than twenty-eight (28) days that is closest to the length of such term; and (iii) failing that, the Interbank Balance Interest Rate for a term of less than twenty-eight (28) days that is closest to the length of such term, recognizing that both the ordinary and moratory interest rates will vary monthly together with the variations in the TIIE.
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CETES Rate has the meaning assigned to such term in Section 3.03(a) of this Agreement.
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CETES Rate means, with respect to any day, the last annual yield rate of the primary placement of Federal Treasury Certificates (CETES) with a term of 28 (twenty-eight) days (or the term that is closest to the term of 28 (twenty-eight) days), determined by the Bank of Mexico on or before the day in question.
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CETES Rate means, with respect to any CETES based loan outstanding under this Agreement, the average weighted value of all primary placement rates of the Certificados de la Tesorera de la Federacin having a maturity of 28 days or such term as may substitute such 28 day term in case the maturity of such instrument is not a Business Day, published in the "Economic Indexes" Section of the Official Gazette on any day that the CETES Rate shall be the applicable interest rate with respect to the indebtedness outstanding hereunder.
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Related to CETES Rate

  • CMS Rate means the applicable swap rate for swap transactions in the Reference Currency with a maturity of the Designated Maturity, expressed as a percentage, which appears on the Relevant Screen Page as at the Specified Time on the relevant Interest Determination Date in question, all as determined by the Calculation Agent.

  • Daily LIBOR Rate means, for any day, the rate per annum determined by the Agent by dividing (x) the Published Rate by (y) a number equal to 1.00 minus the Reserve Percentage.

  • One Month LIBOR Rate means, with respect to any interest rate calculation for a Loan or other Obligation bearing interest at the Alternate Base Rate, a rate per annum equal to the quotient (rounded upward if necessary to the nearest 1/16th of one percent (0.0625%)) of (i) the rate per annum referred to as the BBA (British Bankers Association) LIBOR RATE as reported on Reuters LIBOR page 1, or if not reported by Reuters, as reported by any service selected by Administrative Agent on the applicable day (provided that if such day is not a Eurodollar Banking Day for which a Eurodollar Rate is quoted, the next preceding Eurodollar Banking Day for which a Eurodollar Rate is quoted) at or about 11:00 a.m., London time (or as soon thereafter as practicable), for Dollar deposits being delivered in the London interbank eurodollar currency market for a term of one month commencing on such date of determination, divided by (ii) one minus the Reserve Requirement in effect on such day. If for any reason rates are not available as provided in clause (i) of the preceding sentence, the rate to be used in clause (i) shall be, at Administrative Agent’s discretion (in each case, rounded upward if necessary to the nearest one-sixteenth (1/16) of one percent (0.0625%)), (1) the rate per annum at which Dollar deposits are offered to the Administrative Agent in the London interbank eurodollar currency market or (2) the rate at which Dollar deposits are offered to the Administrative Agent in, or by ▇▇▇▇▇ Fargo to major banks in, any offshore interbank eurodollar market selected by Administrative Agent, in each case on the applicable day (provided that if such day is not a Eurodollar Banking Day for which Dollar deposits are offered to Administrative Agent in the London interbank eurodollar currency market, the next preceding Eurodollar Banking Day for which Dollar deposits are offered to Administrative Agent in the London interbank eurodollar currency market) at or about 11:00 a.m., London time (or as soon thereafter as practicable) (for delivery on such date of determination) for a one month term. Each determination by Administrative Agent pursuant to this definition shall be conclusive absent manifest error.

  • LIBO Base Rate means with respect to each day an Advance is outstanding (or if such day is not a Business Day, the next succeeding Business Day), the rate per annum equal to the rate published by Bloomberg or if such rate is not available, the rate appearing at page 3750 of the Telerate Screen as one-month LIBOR on such date, and if such rate shall not be so quoted, the rate per annum at which the Lender is offered Dollar deposits at or about 11:00 A.M., eastern time, on such date by prime banks in the interbank eurodollar market where the eurodollar and foreign currency and exchange operations in respect of its Advances are then being conducted for delivery on such day for a period of one month and in an amount comparable to the amount of the Advances to be outstanding on such day.

  • U.S. Base Rate means, on any day, the annual rate of interest equal to the greater of (a) the annual rate of interest announced by a commercial Canadian bank selected by the Lender and in effect as its base rate at its principal office in Toronto, Ontario on such day for determining interest rates on Dollar demand commercial loans in Canada, and (b) the sum of the Federal Funds (Effective) Rate plus 0.50% per annum.