Financing Rate means the charges, expressed as a percent per annum, imposed on the unpaid principal of the Loan. The Financing Rate shall consist of an interest rate component and a Grant Allocation Assessment rate component.
Financing Rate means an amount that equals: (a) the Financing Spread + (b) the London interbank offered rate (British Banker’s Association) for three-month deposits in U.S. Dollars, which is displayed on Reuters page “LIBOR01” (or any successor service or page for the purpose of displaying the London interbank offered rates of major banks, as determined by the Calculation Agent) (“LIBOR”), as of 11:00 a.m., London time, on the day that is two London business days prior to the immediately preceding Monthly Valuation Date. Notwithstanding the foregoing:
Financing Rate means the semiannual compounding rate at which charges are imposed on the unpaid principal, including capitalized interest, of a State Revolving Fund (SRF) loan as described in subsection 62-503.300(5), F.A.C., hereby incorporated by reference. The financing rate has a loan interest rate component and, for non-capitalization grant project loans, a grant allocation assessment rate component.
Examples of Financing Rate in a sentence
Investors should not rely on any historical changes or trends in the Secured Overnight Financing Rate as an indicator of future changes in the Secured Overnight Financing Rate.
The Secured Overnight Financing Rate is filtered by the Federal Reserve to remove a portion of the foregoing transactions considered to be “specials”.
If the rate at which interest accrues on any day (meaning Secured Overnight Financing Rate for that Reset Date plus or minus the applicable spread) declines to zero or becomes negative, no interest will be payable on the Notes in respect of that day.The Federal Reserve began to publish the Secured Overnight Financing Rate in April 2018.
The Secured Overnight Financing Rate is published by the Federal Reserve Bank of New York (the “Federal Reserve”) and is intended to be a broad measure of the cost of borrowing cash overnight collateralized by Treasury securities.
Market terms for debt securities indexed to the Secured Overnight Financing Rate, such as the spread over the index reflected in interest rate provisions, may evolve over time, and trading prices of the Notes may be lower than those of later-issued indexed debt securities as a result.
More Definitions of Financing Rate
Financing Rate means the charges, expressed as a percent per annum, imposed on the unpaid principal of the Loan.
Financing Rate means [XXX].
Financing Rate means zero per cent. 6. Early Termination Provisions: Payments on Early Termination Date:If this TRS1 Transaction terminates prior to the Termination Date (for whatever reason, including as a result of an Event of Default or Termination Event under the Swap Agreement), no termination payment shall be payable by either party in respect of the Transaction (and no amount shall be included in respect of the Transaction as part of the calculation to be made pursuant to Section 6(e) of the Swap Agreement) and neither party shall have any further liability in respect of the termination of the Transaction.7. Account Details: Account details for Party A: As per standard settlement instructions Account details for Party B: Please provide detailsand/or such other accounts as shall be advised by one Party to the other as and when necessary Please confirm that the foregoing correctly sets forth the terms of our agreement by having an authorised signatory validly execute a copy of this Confirmation and return it to us. Yours faithfully, NatWest Markets Plc Confirmed as of the date first above written: Lunar Luxembourg S.A., acting in respect of its Compartment 2022-01 Name: Title: ANNEX 3 TRS2 CONFIRMATION Dated: 25 July 2022 Lunar Luxembourg S.A., acting in respect of its Compartment 2022-01 46a, avenue J.F. KennedyL-1855 LuxembourgGrand Duchy of Luxembourg Re: Total Return Swap Transaction – TRS2 Dear Sir or Madam, Swap Confirmation to TRS2 in respect of the Series 2022-01 EUR 300,000,000 Secured Instruments due 2026, issued by Lunar Luxembourg S.A. acting in respect of its Compartment 2022-01The purpose of this communication (this “Confirmation”) is to set forth the terms and conditions of a total return swap transaction to be entered into between us on the Trade Date set forth below (the “TRS2 Transaction” or “TRS2”).This Confirmation supplements, forms a part of, and is subject to, the 2002 ISDA Master Agreement deemed to have been entered into between NatWest Markets Plc (“Party A”) and Lunar Luxembourg S.A., acting in respect of its Compartment 2022-01 (“Party B”) upon execution of the Constituting Document (as supplemented and / or amended from time to time, the “Swap Agreement”). The definitions and provisions contained in the 2006 ISDA Definitions (the “Definitions”) published by the International Swaps and Derivatives Association, Inc. are incorporated into this Confirmation. In the event of any inconsistency between the Definitions and this Confirmation, the...
Financing Rate means the charges, expressed as a percent per annum, imposed on the unpaid principal of the Loan as set forth herein.
Financing Rate means an amount equal to the sum of (a) 0.40% per annum and (b) the London interbank offered rate (British Banker’s Association) for three-month deposits in U.S. Dollars, which is displayed on Reuters page LIBOR01 (or any successor service or page for the purpose of displaying the London interbank offered rates of major banks, as determined by the Calculation Agent), as of 11:00 a.m., London time, on the day that is two London Business Days prior to the immediately preceding Monthly Valuation Date. (Face of Security continued on next page)
Financing Rate means the semiannual compounding rate at which charges are imposed on the unpaid principal, including capitalized interest, of a State Revolving Fund (SRF) loan as described in subsection 62- 503.300(5), F.A.C., hereby incorporated by reference. The financing rate has a loan interest rate component and, for