Interest Rate Gap definition
Interest Rate Gap means, for any Time Period (as set forth in the definition of Adjusted Interest Rate Gap), the difference between: (i) on- and off-balance sheet assets repricing or maturing in such Time Period, and (ii) on- and off-balance sheet liabilities maturing or repricing in such Time Period.
Interest Rate Gap means for any Time Period, the difference between: (i) on- and off-balance sheet assets repricing or maturing in such Time Period, and (ii) on- and off-balance sheet liabilities maturing or repricing in such Time Period; “Interest Rate Risk Ratio” means for each Time Period, the result obtained by dividing: (i) the Adjusted Interest Rate Gap for such Time Period; by (ii) Total Capital; “Investment Report” a report in the form attached hereto as Schedule 7; “Large Exposure” means with respect to any Person or Economic Group, the Exposure of the Borrower to such Person or Economic Group which is in excess of ten per cent (10%) of Total Capital; “Liability” or “Liabilities” means with respect to any Person, the aggregate of all obligations (actual or contingent) of such Person to pay or repay money; “LIBOR” means the British Bankers’ Association (“BBA”) interbank offered rates for deposits in the Facility Currency which appear on the relevant page of the Reuters Service (currently Reuters Screen LIBOR01) or, if not available, on the relevant pages of any other service (such as Bloomberg Financial Markets Service) that displays such BBA rates; provided that if BBA for any reason ceases (whether permanently or temporarily) to publish interbank offered rates for deposits in the Facility Currency, “LIBOR” shall mean the rate determined pursuant to Section 2.03 (f) (Interest); “Lien” means any mortgage, pledge, charge, assignment, hypothecation, security interest, title retention, preferential right, trust arrangement, right of set-off, counterclaim or banker’s lien, privilege or priority of any kind having the effect of security, any designation of loss payees or beneficiaries or any similar arrangement under or with respect to any insurance policy or any preference of one creditor over another arising by operation of law; “Linked Party” means with respect to any Person (“Person A”), each of the following: (i) each other Person who has received a loan or other extension of credit from the Borrower and has provided proceeds of any loan or extension of credit or assets purchased with the proceeds of any loan or extension of credit to Person A in a transaction that is not an arm’s length arrangement; or (ii)each other Person who has received a loan or other extension of credit from the Borrower and has a financial interest in a common enterprise with Person A, where a common enterprise is deemed to exist when the expected source of repayment is the same for their re...