Pounds Sterling Rate definition

Pounds Sterling Rate means, with respect of a Pounds Sterling Loan, the rate per annum (rounded upwards, if necessary, to the next 1/100 of 1%), at which Pounds Sterling approximately equal in principal amount to the requested Borrowing and for a maturity equal to the applicable Interest Period, appear on the applicable page of the Reuters Screen as of 11:00 a.m., London Time, on the first day of such Interest Period. In the event that such rate does not appear thereon (or otherwise on such service), the “Pounds Sterling Rate” for purposes of this definition shall be determined by: (i) reference to such other comparable publicly available service for displaying Pounds Sterling rates as may be reasonably selected by the Alternative Currency Agent, or (ii) at the option of the Alternative Currency Agent the rate at which Pounds Sterling approximately equal in principal amount to such Borrowing and for a maturity equal to the applicable Interest Period are offered in immediately available funds to the principal office of the Alternative Currency Agent in London, England.
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Pounds Sterling Rate means, with respect of a Pounds Sterling Loan, the rate per annum, at which Pounds Sterling approximately equal in principal amount to the requested Borrowing and for a maturity equal to the applicable Interest Period, appear on the applicable page of the Reuters Screen as of 11:00 a.m., Minneapolis, Minnesota, on the first day of such Interest Period; provided that if such rate shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement. In the event that such rate does not appear thereon (or otherwise on such service), the “Pounds Sterling Rate” for purposes of this definition shall be determined by: (i) reference to such other comparable publicly available service for displaying Pounds Sterling rates as may be reasonably selected by the Alternative Currency Agent, or (ii) at the option of the Alternative Currency Agent the rate at which Pounds Sterling approximately equal in principal amount to such Borrowing and for a maturity equal to the applicable Interest Period are offered in immediately available funds to the principal office of the Alternative Currency Agent in Minneapolis, Minnesota; provided that if such rate shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement.
Sample 1
Pounds Sterling Rate means, with respect of a Pounds Sterling Loan, the rate per annum (rounded upwards, if necessary, to the next 1/100 of 1%), at which Pounds Sterling approximately equal in principal amount to the requested Borrowing and for a maturity equal to the applicable Interest Period, appear on the applicable page of the Reuters Screen as of 11:00 a.m., London Time, on the first day of such Interest Period; provided that if such rate shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement. In the event that such rate does not appear thereon (or otherwise on such service), the “Pounds Sterling Rate” for purposes of this definition shall be determined by: (i) reference to such other comparable publicly available service for displaying Pounds Sterling rates as may be reasonably selected by the Alternative Currency Agent, or (ii) at the option of the Alternative Currency Agent the rate at which Pounds Sterling approximately equal in principal amount to such Borrowing and for a maturity equal to the applicable Interest Period are offered in immediately available funds to the principal office of the Alternative Currency Agent in London, England; provided that if such rate shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement.
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Examples of Pounds Sterling Rate in a sentence

  • The applicable LIBO Rate, Eurocurrency Rate or Pounds Sterling Rate and the Alternate Base Rate shall be determined by the Agent, the Comerica Prime-based Rate shall be determined by the Floor Plan Agent, and the Quoted Rate shall be determined by the Swing Line Bank, and such determinations shall be conclusive absent manifest error.

  • The applicable SOFR Rate, Eurocurrency Rate or Pounds Sterling Rate and the Alternate Base Rate shall be determined by the Agent (which determination shall be conclusive absent manifest error) and the Quoted Rate shall be determined by the Swing Line Bank.

  • The applicable LIBO Rate, Eurocurrency Rate or Pounds Sterling Rate and the Alternate Base Rate shall be determined by the Agent (which determination shall be conclusive absent manifest error) and the Quoted Rate shall be determined by the Swing Line Bank.


More Definitions of Pounds Sterling Rate

Pounds Sterling Rate means, for any day, with respect of a Pounds Sterling Loan, the rate per annum, equal to SONIA determined pursuant to the definition thereof plus the SONIA Adjustment; provided that if such rate shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement. Any change in Pounds Sterling Rate due to a change in SONIA shall be effective from and including the effective date of such change in SONIA without notice to the Borrowers. For purposes of determining any interest rate hereunder or under any Loan Document which is based on the Pounds Sterling Rate, such interest rate shall change as and when SONIA shall change.
Sample 1
Pounds Sterling Rate means, with respect of a Pounds Sterling Loan, the rate per annum (rounded up to 1/16 of 1%, if necessary), at which Pounds Sterling approximately equal in principal amount to the requested Borrowing and for a maturity equal to the applicable Interest Period, appear on the applicable page of the Reuters Screen as of 11:00 a.m., London Time, on the first day of such Interest Period. In the event that such rate does not appear thereon (or otherwise on such service), the “Pounds Sterling Rate” for purposes of this definition shall be determined by: (i) reference to such other comparable publicly available service for displaying Pounds Sterling rates as may be reasonably selected by the Alternative Currency Agent, or (ii) at the option of the Alternative Currency Agent the rate at which Pounds Sterling approximately equal in principal amount to such Borrowing and for a maturity equal to the applicable Interest Period are offered in immediately available funds to the principal office of the Alternative Currency Agent in London, England.
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Pounds Sterling Rate and “Quoted Rate” set forth in Section 1.1 of the Credit Agreement are hereby deleted in their entirety and the following substituted in lieu thereof:
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Pounds Sterling Rate means, for any day, with respect of a Pounds Sterling Loan, the rate per annum, equal to XXXXX determined pursuant to the definition thereof plus the XXXXX Adjustment; provided that if such rate shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement. Any change in Pounds Sterling Rate due to a change in XXXXX shall be effective from and including the effective date of such change in XXXXX without notice to the Borrowers. For purposes of determining any interest rate hereunder or under any Loan Document which is based on the Pounds Sterling Rate, such interest rate shall change as and when XXXXX shall change.
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Related to Pounds Sterling Rate

  • Pounds Sterling means the lawful currency of the United Kingdom.

  • Canadian Dollars means the lawful currency of Canada.

  • Australian Dollars means the lawful currency of Australia.

  • British Pounds Sterling means the lawful currency of Great Britain.

  • Canadian Dollar means the lawful currency of Canada.

  • Canadian Dollar Equivalent of any amount which is expressed in United States Dollars means, on any date, the Canadian dollar equivalent of such amount determined by multiplying such amount by the U.S. - Canadian Exchange Rate in effect on such date;

  • Australian Dollar means the lawful currency of Australia.

  • Euros means the currency adopted by those nations participating in the third stage of the economic and monetary union provisions of the Treaty on European Union, signed at Maastricht on February 7, 1992.

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

  • Japanese Yen means the lawful currency of Japan.

  • Reference Currency means the currency specified as such in the applicable Final Terms.

  • U.S. Dollar Equivalent means, on any date of determination, (a) with respect to any amount in US Dollars, such amount, and (b) with respect to any amount in any Alternative Currency, the equivalent in US Dollars of such amount, determined by the Administrative Agent pursuant to Section 1.05 using the Exchange Rate with respect to such Alternative Currency at the time in effect under the provisions of such Section.

  • Base Currency Amount means, in relation to a Loan, the amount specified in the Utilisation Request delivered by a Borrower for that Loan (or, if the amount requested is not denominated in the Base Currency, that amount converted into the Base Currency at the Agent’s Spot Rate of Exchange on the date which is three Business Days before the Utilisation Date or, if later, on the date the Agent receives the Utilisation Request) adjusted to reflect any repayment or prepayment of the Loan.

  • Dollar Equivalent Amount means, at any time, (a) as to any amount denominated in Dollars, the amount hereof at such time, and (b) as to any amount denominated in a currency other than Dollars, the equivalent amount in Dollars as determined by Agent at such time that such amount could be converted into Dollars by Agent according to prevailing exchange rates selected by Agent.

  • Hong Kong Dollars means the lawful currency of Hong Kong.

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

  • Pound Sterling means the lawful currency of the United Kingdom.

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

  • Party A Currency Amount In respect of each Party A Calculation Period, an amount in Dollars equal to the principal amount outstanding of the Relevant Notes on the first day of such Calculation Period (after taking into account any redemption on such day).

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

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

  • Hong Kong Dollar means the lawful currency of Hong Kong.

  • Swiss Francs means the lawful currency of Switzerland.

  • Dollar Equivalent means, at any time, (a) with respect to any amount denominated in Dollars, such amount, and (b) with respect to any amount denominated in any currency other than Dollars, the equivalent amount thereof in Dollars as determined by the Administrative Agent at such time on the basis of the Spot Rate (determined in respect of the most recent Revaluation Date or other applicable date of determination) for the purchase of Dollars with such currency.

  • Yen and “¥” mean the lawful currency of Japan.

  • Index Currency means USD.