Indicative Rate definition
Indicative Rate means the acceptable exchange rate threshold at which
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;
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.
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.