Historic RFR definition
Historic RFR means, in relation to a currency and an RFR Banking Day for that currency, the most recent RFR for a day which is no more than five RFR Banking Days before that RFR Banking Day.
Historic RFR means, in relation to an RFR Banking Day, the most recent RFR for a day which is no more than 5 RFR Banking Days before that RFR Banking Day. HMRC means His Majesty's Revenue & Customs of the United Kingdom.
Historic RFR means, in relation to an RFR Banking Day, the most recent RFR for a day which is no more than two (2) RFR Banking Days before that RFR Banking Day.
More Definitions of Historic RFR
Historic RFR means, in relation to a currency and an RFR Banking Day for that currency, the most recent RFR for a day which is no more than five RFR Banking Days before that RFR Banking Day. "Holding Company" means in relation to a person, an entity of which that person is a Subsidiary. "IFRS" means UK adopted international accounting standards within the meaning of section 474(1) of the Companies Act 2006 to the extent applicable to the relevant financial statements. "Impaired Agent" means an Agent at any time when: (a) it has failed to make (or has notified a Party that it will not make) a payment required to be made by it under the Financing Documents by the due date for payment; (b) the Agent otherwise rescinds or repudiates a Financing Document; (c) (if the Agent is also a Lender) it is a Defaulting Lender under paragraph (a) or (b) of the definition of "Defaulting Lender"; or (d) an Insolvency Event has occurred and is continuing with respect to the Agent;
Historic RFR means, in relation to an RFR Banking Day, the most recent RFR for a day which is no more than five (5) RFR Banking Days before that RFR Banking Day. "Holding Company" means, in relation to a person, any other person in respect of which it is a Subsidiary. "Insurance Report" means a report with respect to the Insurances, with a form, scope and conclusion acceptable to the Lenders, and from a firm of marine insurance brokers acceptable to the Lenders. "Insurances" means, in relation to a Vessel, all insurance policies and contracts of insurance (which expression includes all entries of the Vessel in a protection and indemnity or war risk association) which are from time to time during the Security Period in place or taken out or entered into by or for the benefit of a Borrower (whether in the sole name of a Borrower or in the joint names of a Borrower and any other person) in respect of the Vessel or otherwise in connection with the Vessel and all benefits thereunder (including claims of whatsoever nature and return of premiums). "Interest Payment" means the aggregate amount of interest that is, or is scheduled to become, payable under any Finance Document. "Interest Payment Date" means the last Business Day of each Interest Period. "Interest Period" means, in relation to a Loan, each period determined in accordance with Clause 9 (Interest Periods), and, in relation to an Unpaid Sum, each period determined in accordance with Clause 8.3 (Default interest). "ISM Code" means the International Safety Management Code for the Safe Operation of Ships and for Pollution Prevention. "ISPS Code" means the International Ship and Port Facility Security (ISPS) Code as adopted by the International Maritime Organization's (IMO) Diplomatic Conference of December 2002. "Lender" means: a) any Original Lender; and b) any New Lender, which in each case has not ceased to be a Party in accordance with the terms of this Agreement. "Loan" means a loan made or to be made under a Facility or the principal amount outstanding for the time being of that loan.
Historic RFR means, in relation to a currency and an RFR Banking Day for that currency, the most recent RFR for a day which is no more than five RFR Banking Days before that RFR Banking Day. "IFRS" means international accounting standards within the meaning of the IAS Regulation 1606/2002 to the extent applicable to the relevant financial statements. "Impaired Agent" means an Administrative Party at any time when: (a) it has failed to make (or has notified a Party that it will not make) a payment required to be made by it under the Finance Documents by the due date for payment; (b) that Administrative Party otherwise rescinds or repudiates a Finance Document; (c) (if that Administrative Party is also a Bank) it is a Defaulting Bank under paragraph (a) or (b) of the definition of "Defaulting Bank"; or (d) an Insolvency Event has occurred and is continuing with respect to that Administrative Party; unless, in the case of paragraph (a) above: (i) its failure to pay is caused by: (A) an administrative or technical error; or (B) a Disruption Event; and
Historic RFR means, in relation to a currency and an RFR Banking Day for that