Indicative Rate definition

Indicative Rate means the acceptable exchange rate threshold at which
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Indicative Rate means the offered borrowing rates estimated based on current market of bonds issued by similarly rated municipalities in Canada by CIBC World Markets and RBC Capital Markets for the relevant borrowing term;
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Indicative Rate means the rate, if any, which the Agent has provided to the Borrower on the date that the Borrower provides the Agent with a Notice of Borrowing, as being the Base Rate or Adjusted London Interbank Offered Rate, effective on the date of such Notice of Borrowing. The Indicative Rate is not binding on the Agent or any Bank and the interest rate applicable to a Borrowing may be greater than, equal to or less than the Indicative Rate.
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Examples of Indicative Rate in a sentence

  • Where the Cities advance funding to the Corporation through membership loans, the said loans shall bear interest at a rate equal to the then Indicative Rate calculated and compounded annually until such loan is paid in full together with interest.

  • Upon receipt of such Indicative Rate Request, the Bank shall have three (3) Business Days to respond to the City with the indicative fixed rate.

  • Term % Index Spread Indicative Rate 5 Year 100 6 Year 100 7 Year 100 Term % Index Spread Indicative Rate 5 Year 6 Year 7 Year Bank Counsel If you plan to engage outside counsel, please confirm the firm and estimated fee.

Related to Indicative Rate

  • Alternative Rate means an alternative benchmark or screen rate which the Independent Adviser determines in accordance with Condition 5(j)(ii) is customarily applied in international debt capital markets transactions for the purposes of determining rates of interest (or the relevant component part thereof) in the same Specified Currency as the Notes.

  • Effective Rate shall have the meaning given to such term in Section 2.7(e).

  • Fed Funds Effective Rate means, in respect of a day, the rate of interest (expressed as an annual rate) as published in Federal Reserve Statistical Release H.15 (519) or Reuters Screen FEDFUNDS 1 Page or Bloomberg Page FEDL01 INDEX or any substituted publication therefor, charged for federal funds (dollars in immediately available funds borrowed by banks on an overnight unsecured basis) on that day or the immediately preceding day for which it had a value, or, if not available, ascertained from any other source as the Margin Loan Provider may deem appropriate.

  • Federal Funds Effective Rate means, for any day, the weighted average (rounded upwards, if necessary, to the next 1/100 of 1%) of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average (rounded upwards, if necessary, to the next 1/100 of 1%) of the quotations for such day for such transactions received by the Administrative Agent from three Federal funds brokers of recognized standing selected by it.

  • Reference Rate means the rate specified as such hereon.