Gold Rate definition

Gold Rate has the meaning assigned to it in Section 2.12. --------- ------------

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Gold Rate means, with respect to any Gold Loan advanced by any U.S. Lender for any Interest Period applicable thereto, the rate of interest per annum, calculated on the basis of a 360 day year (rounded upwards, if necessary, to the next 1/16% of one percent) equal to the greater of (i) the Applicable Margin, and (ii) the Eurodollar Rate plus the Applicable Margin less the mean rate quoted in the London Interbank Forward Bullion Market as set forth on the Reuters GOFO page at 11:00 A.M. (London Time) two Business Days prior to the first day of such Interest Period. If the rate set forth above is not available on the Reuters GOFO page, the Gold Rate shall be the rate of interest per annum, calculated on the basis of a 360 day year, equal to the arithmetic average (rounded upwards, if necessary, to the next 1/16% of one percent) of the rates offered by the Gold Rate Reference Lenders two Business Days prior to the first day of the applicable Interest Period.

Gold Rate means, with respect to any Consignment term, the average London Inter Bank Offered Rate as shown on Reuters LIBO screen as at 10:00 a.m. London, England time three (3) Business Days prior to the first day of the Consignment term, less the mean rate shown on such date on the Reuters GOFO page as at 10:00 a.m. London, England time.

Examples of Gold Rate in a sentence

Gold Rate (expressed as a rate per annum) for each Fixed Period (as defined in Clause 5.3.2) is the USD LIBOR rate minus GOFO (the Gold Forward Rate) as at the first Business Day of each Fixed Period plus XXXXX.
If K&S fails to notify AGR MATTHEY of its intention to fix the Gold Rate for a specified period by the first Business Day after the expiry of the preceding Fixed Period, K&S shall be deemed to have fixed the Gold Rate for a period of one month.
VISA Gold Rate Advantage, VISA Credit Builder Advantage, VISA Secured Credit Builder Advantage, and VISA Advantage Rewards advances are subject to a Variable Rate which is based on the highest Prime Rate as published in the money rates section of The Wall Street Journal in effect on the last day of each month of each year ("Index") plus Our Margin.
If the Gold Rate per annum quoted by ---------- any Bank is for two successive Interest Periods more than 120% of the average of the Gold Rates quoted by the other Banks, the Borrower shall afford such Bank the opportunity to reduce its rates.
Gold Rate (expressed as a rate per annum) for each Fixed Period (as defined in Clause 5.3.2) is the USD LIBOR rate minus GOFO (the Gold Forward Rate) as at the first Business Day of each Fixed Period plus XXXXX Gold Price is the Gold PM Fix on the first calendar day of each Fixed Period or when no such price is available, reference shall be made to the spot price (as determined in the manner set out in paragraph 2 of Schedule 2) as at 08.00 AM Perth time on the following day.
The Gold Rate per annum shall be quoted by each Bank consistent with the criteria set forth in Schedule 2 hereto.

More Definitions of Gold Rate

Gold Rate means, with respect to any Consignment term, the arithmetic mean rate for the relevant Consignment term as shown on Reuters LIBO screen as at 10:00 a.m. London, England time three (3) Business Days prior to the first day of the Consignment term, LESS the mean rate shown on such date on the Reuters GOFO page as at 10:00 a.m. London, England time.

Gold Rate means, with respect to any Gold Loan advanced by any Lender for any Interest Period applicable thereto, the rate of interest per annum, calculated on the basis of a 360 day year (rounded upwards, if necessary, to the next 1/16% of one percent) equal to the greater of (i) the Applicable Margin, and (ii) the Eurodollar Rate plus the Applicable Margin less the mean rate quoted in the London Interbank Forward Bullion Market as set forth on the Reuters GOFO page at 11:00 A.M. (London Time) two Business Days prior to the first day of such Interest Period. If the rate set forth above is not available on the Reuters GOFO page, the Gold Rate shall be the rate of interest per annum, calculated on the basis of a 360 day year, equal to the arithmetic average (rounded upwards, if necessary, to the next 1/16% of one percent) of the rates offered by the Gold Rate Reference Lenders two Business Days prior to the first day of the applicable Interest Period.

Gold Rate means for any Interest Period in relation to a Gold Loan, the rate of interest PER ANNUM equal to (i) the LIBO Rate for such Interest Period MINUS (ii) the Forward Gold Rate for such Interest Period.