Current Market Rate definition
Current Market Rate means the one-year Treasury bill rate.
Current Market Rate means the most recent yield on United States Treasury Obligations adjusted to a constant maturity having a term most nearly corresponding to the term remaining from the date of prepayment to the Maturity Date, in effect two (2) business days prior to the prepayment date as published by the Board of Governors of the Federal Reserve system in the Federal reserve Statistical Release H.15 (519), or by such other quoting service, index or commonly available source utilized by Manufacturers and Traders Trust Company.
Current Market Rate means the most recent yield on United States Treasury Obligations adjusted to a constant maturity having a term most nearly corresponding to Fixed Rate Period remaining from the date of prepayment to the last day of the applicable Fixed Rate Period, in effect two (2) Business Days prior to the prepayment date as published by the Board of Governors of the Federal Reserve System in the Federal reserve Statistical Release H.15 (519), or by such other quoting service, index, or commonly available source utilized by the Lender. The “present value” calculation shall use the Current Market Rate as the discount rate and shall be calculated as if each installment of the principal sum had been made when due during the remainder of the applicable Fixed Rate Period.
Examples of Current Market Rate in a sentence
The Current Market Rate shall include a three percent annual escalation of the fixed base rental rate then prevailing in the market.
Upon selection, ▇▇▇▇▇▇▇▇’s and ▇▇▇▇▇▇’s brokers shall work together in good faith to agree upon which of the two Estimates most closely reflects the Current Market Rate.
Tenant shall, within thirty (30) days after receipt of Landlord’s notice, notify Landlord in writing whether Tenant (a) accepts Landlord’s determination of the Current Market Rate or (b) requests that the Current Market Rate be determined by brokers (the “Arbitration Request”).
The Estimate chosen by such brokers shall be binding on both Landlord and Tenant as the Current Market Rate.
Within thirty (30) days after receipt of Tenant’s notice to extend, Landlord shall deliver to Tenant written notice of Landlord’s determination of the Current Market Rate and shall advise Tenant of the required adjustment to Base Rent, if any.
More Definitions of Current Market Rate
Current Market Rate means at any time the current rate for entering into transactions with the Trading Instrument on financial market.
Current Market Rate means the ten- year constant treasury maturity year rate, as determined at the time the individual loan is closed upon, plus two- and one-half percent.
Current Market Rate means the exchange rate set by the Bank as the arithmetical average of current market exchange rates at which a Spot Transaction in the Currency Pair agreed in the Foreign Exchange Option could be exercised at 10:00 New York time (unless the Contracting Parties agree on another time) on the Exercise Date for the Foreign Exchange Option (bid and ask).
Current Market Rate of a currency pair or CFD, when used in this Agreement, unless the context otherwise requires, shall mean the best current Price of the relevant financial instrument as received from our Liquidity Providers.
Current Market Rate means the most recent yield on United States Treasury Obligations adjusted to a constant maturity having a term most nearly corresponding to the Measurement Period, in effect two (2) Business Days prior to the date of prepayment, as published by the Board of Governors of the Federal Reserve System in the Federal Reserve Statistical Release H.15 (519), or by such other quoting service, index or commonly available source utilized by the Lender for such purposes. The present value calculation used herein shall use the Current Market Rate as the discount rate and shall be calculated as if each installment of principal of Term Loan B had been made as scheduled pursuant to the terms of Section 2.9.
Current Market Rate means the prevailing rental rate per rentable square foot under office leases recently executed for comparable space in the Building and in comparable buildings in the North ▇▇▇▇▇▇▇ County submarket in which the Building is located. The determination of Current Market Rate shall take into consideration net versus gross lease (and differing base years, if applicable); any differences in the size of space being leased, the location of space in the building and the length of lease terms; any differences in definitions of rentable square feet or rentable area with respect to which rental rates are computed; the value of rent abatements, allowances (for demolition, space planning, architectural and engineering fees, construction, moving expenses or other purposes); the creditworthiness of Tenant; the location and condition of the building; the condition of the space; and other pertinent factors. The Current Market Rate may include an escalation of a fixed rental rate (based on a fixed step or index) then prevailing in the market.
Current Market Rate means the rental rate, at which tenants, as of the commencement of the subject Renewal Term, are leasing non-subleased, non-encumbered space comparable in size, location and quality to the Premises for a term of five (5) years, which comparable space is located in the following Class A office buildings in the commercial/business district of Seattle, Washington: ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇▇ (1420 Fifth Avenue), Two Union Square and Fourth and Madison, taking into consideration Tenant’s obligation to pay Tenant’s share of Operating Expenses and Real Estate Taxes, and the then “As Is” condition of the Premises.