Consignment Fixed Rate definition

Consignment Fixed Rate. With respect to any Interest Period, the amount equal to (a) the greater of (i) the Eurodollar Rate for such Interest Period minus the average of rates quoted to the Agent as the London Interbank Bullion Rates as displayed on Xxxxxx'x gold loan screen or, if Xxxxxx'x gold loan screen is not available, as set by the Agent, for Precious Metal forwards for such period (the "Contango Rate"), and (ii) zero (0), plus (b) two percent (2.00%).
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Consignment Fixed Rate and "Maturity Date" and replacing them with the following:
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Consignment Fixed Rate. With respect to an agreed upon tenor and so long as market conditions permit, the rate per annum equal to the applicable fixed rate determined by LLC in its sole discretion plus the Applicable Consignment Rate Margin.
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Examples of Consignment Fixed Rate in a sentence

  • Each conversion request relating to the conversion of Consigned Precious Metal to a Consignment Fixed Rate Amount shall be irrevocable by the Borrower.

  • For any day with respect to a Eurodollar Rate Loan or Consignment Fixed Rate Amount, the maximum rate (expressed as a decimal) at which any lender subject thereto would be required to maintain reserves under Regulation D of the Board of Governors of the Federal Reserve System (or any successor or similar regulations relating to such reserve requirements) against "Eurocurrency Liabilities" (as that term is used in Regulation D), if such liabilities were outstanding.

  • Inability to Determine Eurodollar Rate or Consignment Fixed Rate.

  • Consigned Precious Metal which is accruing a Consignment Fee calculated by reference to the Consignment Fixed Rate.

  • Except as otherwise provided in the definition of the term "Interest Period" with respect to Eurodollar Rate Loans and Consignment Fixed Rate Amounts, whenever a payment hereunder or under any of the other Loan Documents becomes due on a day that is not a Business Day, the due date for such payment shall be extended to the next succeeding Business Day, and interest shall accrue during such extension.

  • The Consignment Fee and Gold Fronting Fee with respect to Consignment Fixed Rate Amounts shall be payable as to any Consignment Fixed Rate Amounts in respect of which the applicable Interest Period is (y) 3 months or less, on the last day of such Interest Period, and (z) more than 3 months, on the date that is 3 months from the first day of such Interest Period and, in addition, on the last day of such Interest Period.

  • Each Consignment Request for Consignment Base Rate Amounts shall be in a minimum aggregate amount of 100 xxxx ounces or an integral multiple of one hundred (100) in excess thereof, and each Consignment Request for Consignment Fixed Rate Amounts shall be in a minimum aggregate amount of five thousand (5,000) xxxx ounces or an integral multiple of one thousand (1000) in excess thereof.

  • Any day on which commercial banks are open for international business (including dealings in Dollar deposits) in London or such other eurodollar interbank market as may be selected (a) with respect to Dollar Facility Loans which are also Eurodollar Rate Loans, by the Dollar Agent, in its sole discretion acting in good faith or (b) with respect to Gold Loans which are also Eurodollar Rate Loans or with respect to Consignment Fixed Rate Amounts, by the Gold Agent, in its sole discretion acting in good faith.

  • Illegality of Eurodollar Rate Loans or Consignment Fixed Rate Amounts.

  • Consigned Precious Metal which is accruing a Consignment Fee and Gold Fronting Fee calculated by reference to the Consignment Fixed Rate.


More Definitions of Consignment Fixed Rate

Consignment Fixed Rate. Consignment Limit", "Dollar Facility", "Intercreditor Agreement", "Maturity Date", "Maximum Drawing Amount" and "Security Documents" and replacing them with the following:
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Consignment Fixed Rate. With respect to any Interest Period, the amount equal to (a) the greater of (i) the Eurodollar Rate applicable to Revolving Credit Loans for such Interest Period minus the average of rates quoted to the Administrative Agent as the London Interbank Bullion Rates as displayed on Reutxx'x xxxd loan screen or, if Reutxx'x xxxd loan screen is not available, as set by the Administrative Agent, for Precious Metal forwards for such period (the "Contango Rate"), and (ii) zero (0), plus (b) the Eurodollar Applicable Margin applicable to Revolving Credit Loans.
Sample 1
Consignment Fixed Rate. With respect to any Interest Period, the amount equal to (a) the greater of (i) the LIBOR Rate applicable to Revolving Credit Loans for such Interest Period minus the average of rates quoted to the Gold Fronting Bank as the London Interbank Bullion Rates as displayed on Xxxxxx'x gold loan screen or, if Xxxxxx'x gold loan screen is not available, as set by the Gold Fronting Bank, for Precious Metal forwards for such period and (ii) zero (0), plus (b) the LIBOR Applicable Margin.
Sample 1
Consignment Fixed Rate means with respect to any Interest Period and so long as market conditions permit, the rate per annum equal to the current market rate for fixed rate Precious Metals maturities plus the Applicable Consignment Rate Margin.
Sample 1

Related to Consignment Fixed Rate

  • Fixed Rate means, with respect to any Competitive Loan (other than a Eurodollar Competitive Loan), the fixed rate of interest per annum specified by the Lender making such Competitive Loan in its related Competitive Bid.

  • Fixed Rate Mortgage Loan A fixed rate mortgage loan purchased pursuant to this Agreement.

  • Agreed Interest Rate means that interest rate determined as of the time it is to be applied that is equal to the lesser of (i) 5% in excess of the discount rate established by the Federal Reserve Bank of San Francisco as it may be adjusted from time to time, or (ii) the maximum interest rate permitted by Law.

  • U.S. Base Rate means, for any day, the greater of:

  • Fixed Interest Rate means the annual interest rate of five and forty hundredths percent (5.40%).

  • Index Rate means, for any day, a floating rate equal to the higher of (i) the rate publicly quoted from time to time by The Wall Street Journal as the "base rate on corporate loans posted by at least 75% of the nation's 30 largest banks" (or, if The Wall Street Journal ceases quoting a base rate of the type described, the highest per annum rate of interest published by the Federal Reserve Board in Federal Reserve statistical release H.15 (519) entitled "Selected Interest Rates" as the Bank prime loan rate or its equivalent), and (ii) the Federal Funds Rate plus 50 basis points per annum. Each change in any interest rate provided for in the Agreement based upon the Index Rate shall take effect at the time of such change in the Index Rate.

  • Subsequent Fixed Rate Period means for the initial Subsequent Fixed Rate Period, the period commencing on April 1, 2022 and ending on and including March 31, 2027 and for each succeeding Subsequent Fixed Rate Period, the period commencing on the day immediately following the end of the immediately preceding Subsequent Fixed Rate Period and ending on and including March 31 in the fifth year thereafter.

  • Reference Interest Rate means the interest rate which is used as the basis for calculating any interest to be applied and which comes from a publicly available source which can be verified by both parties to a payment service contract;

  • Initial Fixed Rate Period means the period commencing on the Issue Date and ending on and including June 30, 2020.

  • Floating Rate Security means a Debt Security that provides for the payment of interest at a variable rate determined periodically by reference to an interest rate index specified pursuant to Section 2.03.

  • Adjustable Rate Mortgage Loan A Mortgage Loan serviced pursuant to this Agreement under which the Mortgage Interest Rate is adjusted from time to time in accordance with the terms and provisions of the related Mortgage Note.

  • Adjusted Net Mortgage Interest Rate As to each Mortgage Loan and at any time, the per annum rate equal to the Mortgage Interest Rate less the Expense Fee Rate.

  • Fixed Rate Security means a Debt Security which provides for the payment of interest at a fixed rate.

  • Floating Rate means, for any day, a rate per annum equal to (i) the Alternate Base Rate for such day plus (ii) the Applicable Margin, in each case changing when and as the Alternate Base Rate changes.

  • CB Floating Rate means the Prime Rate; provided that the CB Floating Rate shall never be less than the Adjusted One Month LIBOR Rate on such day (or if such day is not a Business Day, the immediately preceding Business Day). Any change in the CB Floating Rate due to a change in the Prime Rate or the Adjusted One Month LIBOR Rate shall be effective from and including the effective date of such change in the Prime Rate or the Adjusted One Month LIBOR Rate, respectively.

  • SOFR Rate means the rate that will be obtained by the Paying Agent for each Interest Period on the SOFR Adjustment Date as of the SOFR Determination Time (or, if the Benchmark is not SOFR, the Reference Time) and, except following a determination by the Administrator that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred, means, with respect to the Class A-2b Notes as of any SOFR Adjustment Date, a rate equal to Compounded SOFR; provided, that, the Administrator will have the right, in its sole discretion, to make applicable SOFR Adjustment Conforming Changes.

  • Term SOFR Reference Rate means the forward-looking term rate based on SOFR.

  • Adjusted Interest Rate is defined in Section 1.2(e).

  • Fixed Rate Period shall have the meaning in the form of Security set forth in Section 2.1.

  • LIBOR Base Rate means, for each Interest Period, the London interbank offered rate for six-month deposits in Dollars for value the first day of such Interest Period (or, in the case of the initial Interest Period, for value the Interest Payment Date occurring on or next preceding the first day of such Interest Period), as reasonably determined by the Bank and expressed as a percentage per annum.

  • Floating Rate Convention means that each relevant date shall be the date which numerically corresponds to the preceding such date in the calendar month which is the number of months specified in the applicable Final Terms as the Specified Period after the calendar month in which the preceding such date occurred; provided, however, that:

  • LIBOR Daily Floating Rate means, for any day, a fluctuating rate of interest per annum equal to LIBOR as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by Administrative Agent from time to time), at approximately 11:00 a.m., London time, two (2) London Banking Days prior to such day, for Dollar deposits with a term of one (1) month commencing that day; provided that if the LIBOR Daily Floating Rate shall be less than zero, such rate shall be deemed zero for purposes of the Loan Documents.

  • Basic Rate means the applicable basic minimum wage rate prevailing on the date 28 days prior to the latest date for submission of Tenders, by reason of any National or State Statute or Ordinance.

  • Term SOFR Rate means, with respect to any Term Benchmark Borrowing and for any tenor comparable to the applicable Interest Period, the Term SOFR Reference Rate at approximately 5:00 a.m., Chicago time, two U.S. Government Securities Business Days prior to the commencement of such tenor comparable to the applicable Interest Period, as such rate is published by the CME Term SOFR Administrator.

  • Mid-Swap Floating Leg Benchmark Rate means EURIBOR (if the Specified Currency is euro), LIBOR for the Specified Currency (if the Specified Currency is U.S. dollars, Pounds Sterling or Swiss Francs), CIBOR (if the Specified Currency is Danish Kroner), NIBOR (if the Specified Currency is Norwegian Kroner), STIBOR (if the Specified Currency is Swedish Kronor) or (in the case of any other Specified Currency) the benchmark rate most closely connected with such Specified Currency and selected by the Calculation Agent in its discretion after consultation with the Issuer;