Mexican Peso Negotiated Rate definition

Mexican Peso Negotiated Rate means, with respect to any Interest Period, a rate per annum established by JPMorgan Chase Bank, N.A. in its sole and absolute discretion, as last quoted to Borrower no later than 11:00 a.m., London time, three Business Days prior to the disbursement or renewal of such Loan denominated in Mexican Pesos; provided that, notwithstanding the foregoing, in no event shall the Mexican Peso Negotiated Rate be based on the Prime Rate.
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Mexican Peso Negotiated Rate means, with respect to an Individual Currency Loan in Mexican Pesos, for the relevant Individual Currency Interest Period, a rate per annum established by JPMorgan Chase Bank, N.A. in its sole and absolute discretion, as last quoted to the Parent (on behalf of the applicable Borrower) no later than 2:00 p.m. Chicago, Illinois, local time two (2) Business Days prior to the disbursement or renewal of such Individual Currency Loan in Mexican Pesos; provided that in the event that a new Non-Core Currency has been added pursuant to Section 2.7(c) or (d) of this Agreement, the Individual Currency Rate with respect to such new Non-Core Currency shall be as set forth in the supplement to this Agreement executed and delivered pursuant thereto; and provided further that, in the event that the applicable Lender has made any determination pursuant to Section 3.4(a)(iv) of this Agreement in respect of any Individual Currency Loan, the Individual Currency Rate determined pursuant to clause (a) of this definition shall instead be the rate based on the all-in cost of funds of the applicable Lender (as determined by such Lender) to fund such Individual Currency Loan with a maturity comparable to such Individual Currency Interest Period.
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Mexican Peso Negotiated Rate means, with respect to a Fixed Rate Borrowing denominated in Mexican Pesos, for the relevant Interest Period, a rate per annum established by JPMorgan Chase Bank, N.A. in its sole and absolute discretion, as last quoted to Borrower no later than 11:00 a.m., London time, three Business Days prior to the disbursement or renewal of such Fixed Rate Borrowing denominated in Mexican Pesos. The “Fixed Rate” with respect to a Fixed Rate Borrowing denominated in British Pounds Sterling with respect to the Interest Period therefor shall be the London interbank offer rate (LIBOR) administered by the ICE Benchmark Administration (or any other person which takes over the administration of that rate) as displayed on page LIBOR01 or LIBOR02 of the Reuters screen as at or about 11:00 am London time on the first day of such Interest Period (or any replacement Reuters page which displays that rate) for a maturity comparable to the relevant Interest Period. The term “Reference Page” means, with respect to a currency, the page of the Reuters Group service providing rate quotations for deposits of such currency; provided that in the event the Applicable Rate does not appear on such service, the term “Reference Page” means the applicable page of such other comparable publicly available rate quoting service as may be selected by the Administrative Agent. For avoidance of doubt, the “Fixed Rate” with respect to a Fixed Rate Borrowing denominated in Canadian Dollars with respect to the Interest Period therefor shall be a rate of interest per annum equal to the CDOR Rate. For purposes hereof, the “CDOR Rate” means, with respect to any Interest Period, the average rate for bankers acceptances as administered by the Investment Industry Regulatory Organization of Canada (or any other Person that takes over the administration of that rate) with a tenor equal to the relevant period displayed on CDOR01 page of the Reuters Monitor Service (or, in the event such rate does not appear on a Reuters page or screen, on any successor or substitute page on such screen or service that displays such rate, or on the appropriate page of such other information service that publishes such rate from time to time as selected by the Administrative Agent in its reasonable discretion) at or about 10:15 a.m. (Toronto, Ontario time) on the first day of the applicable Interest Period. “Fixed Rate”, when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrow...
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Examples of Mexican Peso Negotiated Rate in a sentence

  • Change the determination of Fixed Rate from referencing (i) rates at which deposits of Mexican Pesos for comparable amounts and maturities are offered to the principal London office of JPMorgan in the London or European interbank market, or other market (as determined by JPMorgan) to (ii) the Mexican Peso Negotiated Rate, which is the per annum rate JPMorgan quotes to us for the relevant interest period.


More Definitions of Mexican Peso Negotiated Rate

Mexican Peso Negotiated Rate means, with respect to an Individual Currency Loan in Mexican Pesos, for the relevant Interest Period, a rate per annum established by MUFG in its sole and absolute discretion, as last quoted to the Company (on behalf of the applicable Borrower) no later than 11:00 a.m. two (2) Business Days prior to the disbursement or renewal of such Individual Currency Loan in Mexican Pesos; provided that in the event that a new Non-Core Currency has been added pursuant to Section 2.06(b), the Individual Currency Rate with respect to such new Non-Core Currency shall be as set forth in the supplement to this Agreement executed and delivered pursuant thereto; and provided further that, in the event that the applicable Lender has made any determination pursuant to Section 3.03(a) in respect of any Individual Currency Loan, the Individual Currency Rate determined pursuant to clause (a) of this definition shall instead be the rate based on the all-in cost of funds of the applicable Lender (as determined by such Lender) to fund such Individual Currency Loan with a maturity comparable to such Interest Period.
Sample 1
Mexican Peso Negotiated Rate means, with respect to a Fixed Rate Borrowing denominated in Mexican Pesos, for the relevant Interest Period, a rate per annum established by JPMorgan Chase Bank, N.A. in its sole and absolute discretion, as last quoted to Borrower no later than 11:00 a.m., London time, three Business Days prior to the disbursement or renewal of such Fixed Rate Borrowing denominated in Mexican Pesos; provided that, notwithstanding the foregoing, in no event shall the Mexican Peso Negotiated Rate be based on the Prime Rate. The “Fixed Rate” with respect to a Fixed Rate Borrowing denominated in British Pounds Sterling with respect to
Sample 1
Mexican Peso Negotiated Rate means, with respect to an Individual Currency Loan in NYDOCS02/1167307 17 Mexican Pesos, for the relevant Interest Period, a rate per annum established by MUFG in its sole and absolute discretion, as last quoted to the Company (on behalf of the applicable Borrower) no later than 11:00 a.m. two (2) Business Days prior to the disbursement or renewal of such Individual Currency Loan in Mexican Pesos; provided that in the event that a new Non-Core Currency has been added pursuant to Section 2.06(b), the Individual Currency Rate with respect to such new Non-Core Currency shall be as set forth in the supplement to this Agreement executed and delivered pursuant thereto; and provided further that, in the event that the applicable Lender has made any determination pursuant to Section 3.03(a) in respect of any Individual Currency Loan, the Individual Currency Rate determined pursuant to clause (a) of this definition shall instead be the rate based on the all-in cost of funds of the applicable Lender (as determined by such Lender) to fund such Individual Currency Loan with a maturity comparable to such Interest Period.
Sample 1
Mexican Peso Negotiated Rate means, with respect to any Interest Period, a rate per annum established by JPMorgan Chase Bank, N.A. in its sole and absolute discretion, as last quoted to Borrower no later than 11:00 a.m., London time, three Business Days prior to the disbursement or renewal of such Loan denominated in Mexican Pesos; provided that, notwithstanding the foregoing, in no event shall the Mexican Peso Negotiated Rate be based on the Prime Rate. SECOND AMENDED AND RESTATED CREDIT AGREEMENT – Page 14
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Related to Mexican Peso Negotiated Rate

  • Alternative Currency Daily Rate means, for any day, with respect to any Credit Extension:

  • Euro-Dollar Rate means a rate of interest determined pursuant to Section 2.07 on the basis of an Adjusted London Interbank Offered Rate.

  • Negotiated Rate with respect to each Swing Line Loan, the rate per annum agreed to in writing by the Borrower and the Swing Line Lender as the interest rate which such Swing Line Loan shall bear.

  • Adjusted London Interbank Offered Rate applicable to any Interest Period means a rate per annum equal to the quotient obtained (rounded upward, if necessary, to the next higher 1/100 of 1%) by dividing (i) the applicable London Interbank Offered Rate by (ii) 1.00 minus the Euro-Dollar Reserve Percentage.

  • EURIBOR Rate has the meaning specified in the definition of “Eurocurrency Rate”.

  • USD LIBOR means the London interbank offered rate for U.S. dollars.

  • Swingline Rate means, for any Interest Period, the rate as offered by the Administrative Agent and accepted by the Borrower. The Borrower is under no obligation to accept this rate and the Administrative Agent is under no obligation to provide it.

  • USD-LIBOR-BBA As defined in the Swap Agreement in the Annex to the 2000 ISDA Definitions.

  • borrowing rate means the interest rate expressed as a fixed or variable percentage applied on an annual basis to the amount of credit drawn down;

  • Borrowing Tranche means specified portions of Loans outstanding as follows: (i) any Loans to which a LIBOR Rate Option applies which become subject to the same Interest Rate Option under the same Loan Request by the Borrower and which have the same Interest Period shall constitute one Borrowing Tranche, and (ii) all Loans to which a Base Rate Option applies shall constitute one Borrowing Tranche.

  • Alternate Currency Loan means any Loan denominated in an Alternate Currency.

  • Alternative Currency Term Rate means, for any Interest Period, with respect to any Credit Extension:

  • Alternative Currency Daily Rate Loan means a Loan that bears interest at a rate based on the definition of “Alternative Currency Daily Rate.” All Alternative Currency Daily Rate Loans must be denominated in an Alternative Currency.

  • CDOR Rate is defined in the definition of “Eurocurrency Rate” herein.

  • LIBO Rate means, with respect to any Eurodollar Borrowing for any Interest Period, the rate appearing on Page 3750 of the Telerate Service (or on any successor or substitute page of such Service, or any successor to or substitute for such Service, providing rate quotations comparable to those currently provided on such page of such Service, as determined by the Administrative Agent from time to time for purposes of providing quotations of interest rates applicable to dollar deposits in the London interbank market) at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period, as the rate for dollar deposits with a maturity comparable to such Interest Period. In the event that such rate is not available at such time for any reason, then the "LIBO Rate" with respect to such Eurodollar Borrowing for such Interest Period shall be the rate at which dollar deposits of $5,000,000 and for a maturity comparable to such Interest Period are offered by the principal London office of the Administrative Agent in immediately available funds in the London interbank market at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period.

  • U.S.-Canadian Exchange Rate means, on any date:

  • Euro-Dollar Margin means a rate per annum determined in accordance with the Pricing Schedule.

  • Alternative Currency Loan means an Alternative Currency Daily Rate Loan or an Alternative Currency Term Rate Loan, as applicable.

  • Applicable Eurodollar Rate Margin means, with respect to any Eurodollar Rate Advance, for each Pricing Period, the interest rate margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: Applicable Pricing Level Margin I 52.50 II 62.50 III 72.50 IV 82.50 V 92.50

  • Applicable Eurocurrency Margin means, as at any date of determination, the rate per annum then applicable to Eurocurrency Rate Loans determined in accordance with the provisions of Section 2.14(D)(ii) hereof.

  • Alternative Currency Sublimit means an amount equal to the lesser of the Aggregate Revolving Commitments and $200,000,000. The Alternative Currency Sublimit is part of, and not in addition to, the Aggregate Revolving Commitments.

  • Applicable Eurodollar Margin means, as at any date of determination, the rate per annum then applicable to Eurodollar Rate Loans determined in accordance with the provisions of Section 2.15(D)(ii) hereof.

  • Rate Option means the Eurodollar Rate or the Floating Rate.

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • Overnight Bank Funding Rate means, for any day, the rate comprised of both overnight federal funds and overnight Eurodollar borrowings by U.S.-managed banking offices of depository institutions (as such composite rate shall be determined by the NYFRB as set forth on its public website from time to time) and published on the next succeeding Business Day by the NYFRB as an overnight bank funding rate (from and after such date as the NYFRB shall commence to publish such composite rate).

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.