Compounded Rate Currency definition

Compounded Rate Currency means any currency which is not a Term Rate Currency.
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Compounded Rate Currency means GBP and, in circumstances where Term SOFR is unavailable in accordance with the terms of Clause 16.1A (Unavailability of Term SOFR), USD.
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Compounded Rate Currency means sterling and any other currency which is not a Term Rate Currency.
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More Definitions of Compounded Rate Currency

Compounded Rate Currency means U.S. dollars and any other currency which is not a Term Rate Currency and in respect of which a Compounding Methodology Supplement has been provided. "Compounded Rate Interest Payment" means the aggregate amount of interest that: (a) is, or is scheduled to become, payable under any Finance Document; and (b) relates to a Compounded Rate Loan. "Compounded Rate Loan" means any Loan or, if applicable, Unpaid Sum which is not a Term Rate Loan. "Compounded Reference Rate" means in relation to any RFR Banking Day during an Interest Period of a Compounded Rate Loan, the percentage rate per annum which is the aggregate of: (a)
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Compounded Rate Currency means any Rate Switch Currency in respect of which the Rate Switch Date has occurred.
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Compounded Rate Currency means Sterling, US Dollars and any other currency which is not a Term Rate Currency. “Compounded Rate Interest Payment” means the aggregate amount of interest that: (a) is, or is scheduled to become, payable under any Finance Document; and (b) relates to a Compounded Rate Loan. “Compounded Rate Loan” means any Loan or, if applicable, Unpaid Sum in a Compounded Rate Currency. “Compounded Reference Rate” means, in relation to any RFR Banking Day during the Interest Period of a Compounded Rate Loan, the percentage rate per annum which is the aggregate of: (a) the Cumulative Compounded RFR Rate for that RFR Banking Day; and (b) the applicable Credit Adjustment Spread (if any), or, to the extent that the Company, the Agent (in its own capacity) and the Agent (acting on the instructions of the Majority Lenders) agree in writing that the Daily Non-Cumulative Compounding RFR Rate should be used for the calculation of interest of a Compounding Rate Loan under this
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Compounded Rate Currency means U.S. Dollars or any Alternative Currency and, subject to it becoming a Compounded Rate Currency pursuant to Clause 9 (Rate Switch), euro. "Compounded Rate Interest Payment" means the aggregate amount of interest that: (a) is, or is scheduled to become, payable under any Financing Document; and (b) relates to a Compounded Rate Advance. "Compounded Rate Supplement" means, in relation to any Compounded Rate Currency, a document which: (a) is agreed in writing by the Obligors’ Agent, the Facility Agent (in its own capacity) and the Facility Agent (acting on the instructions of the Majority Lenders); (b) specifies for that Compounded Rate Currency the relevant terms which are expressed in this Agreement to be determined by reference to Compounded Rate Terms; and (c) has been made available to the Obligors’ Agent and each Finance Party. "Compounded Rate Terms" means in relation to: (a) a Compounded Rate Currency; (b) a Compounded Rate Advance or related Unpaid Sum in a Compounded Rate Currency; (c) an Interest Period for a Compounded Rate Advance or Unpaid Sum in a Compounded Rate Currency (or other period for the accrual of commission or fees in a Compounded Rate Currency); or (d) any term of this Agreement relating to the determination of a rate of interest in relation to a Compounded Rate Advance or Unpaid Sum in a Compounded Rate Currency, the terms set out for that currency in Schedule 10 (Compounded Rate Terms) or in any Compounded Rate Supplement. "Compounded Reference Rate" means, in relation to any RFR Banking Day during the Interest Period of a Compounded Rate Advance, the percentage rate per annum which is the aggregate of: (a) the Daily Non-Cumulative Compounded RFR Rate for that RFR Banking Day; and (b) the applicable Credit Adjustment Spread. "Compounding Methodology Supplement" means, in relation to the Daily Non-Cumulative Compounded RFR Rate, a document which: (a) is agreed in writing by the Obligors’ Agent, the Facility Agent (in its own capacity) and the Facility Agent (acting on the instructions of the Majority Lenders); (b) specifies a calculation methodology for that rate; and
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Related to Compounded Rate Currency

  • Alternative Currency means each of Euro, Sterling, Yen and each other currency (other than Dollars) that is approved in accordance with Section 1.06.

  • Eligible Currency means any currency other than Dollars that is readily available, freely traded, in which deposits are customarily offered to banks in the London interbank market, convertible into Dollars in the international interbank market available to the Lenders in such market and as to which a Dollar Amount may be readily calculated; provided, that Canadian Dollars shall constitute an Eligible Currency even if not customarily offered on the London interbank market so long as the CDOR Rate may be determined for Canadian Dollar Loans pursuant to the definition of CDOR Rate, and Canadian Dollars otherwise satisfy the requirements of this definition of Eligible Currency. If, after the designation by the Lenders of any currency as an Agreed Currency, currency control or other exchange regulations are imposed in the country in which such currency is issued, or any other event occurs, in each case with the result that different types of such currency are introduced, such country’s currency is, (i) in the determination of the Administrative Agent, no longer readily available or freely traded, (ii) as to which, in the determination of the Administrative Agent, a Dollar Amount is not readily calculable, or (iii) no longer a currency in which the Required Lenders are willing to make Loans (each of (i), (ii) and (iii), a “Disqualifying Event”), then the Administrative Agent shall promptly notify the Lenders and the Borrower, and such country’s currency shall no longer be an Agreed Currency until such time as the Disqualifying Event(s) no longer exist, but in any event within five (5) Business Days after receipt of such notice from the Administrative Agent, the Borrower shall repay all Loans made in the currency to which the Disqualifying Event applies in Dollars or convert such Loans into the Dollar Amount of Loans in Dollars, subject to the other terms contained in Article II.