Primary Term Rate definition

Primary Term Rate means the rate specified as such in the applicable Reference Rate Terms.

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Primary Term Rate. If no Primary Term Rate is available for the Interest Period of a Term Rate Loan, the applicable Term Reference Rate shall be the Interpolated Primary Term Rate for a period equal in length to the Interest Period of that Loan.

Primary Term Rate. The Term SOFR reference rate administered by CME Group Benchmark Administration Limited (or any other person which takes over the administration of that rate) for the relevant period published (before any correction, recalculation or republication by the administrator) by CME Group Benchmark Administration Limited (or any other person which takes over the publication of that rate).

Examples of Primary Term Rate in a sentence

If paragraph (c) above applies but no Historic Primary Term Rate is available for the Interest Period of the Loan, the applicable Term Reference Rate shall be the Interpolated Historic Primary Term Rate for a period equal in length to the Interest Period of that Loan.
If paragraph (b) above applies but no Primary Term Rate is available for the Interest Period of that Loan and it is not possible to calculate the Interpolated Primary Term Rate, the applicable Term Reference Rate shall be the Historic Primary Term Rate for that Loan.
If paragraph (a) above applies but it is not possible to calculate the Interpolated Primary Term Rate, the Interest Period of the Loan shall (if it is longer than the applicable Fallback Interest Period) be shortened to the applicable Fallback Interest Period and the applicable Term Reference Rate shall be determined pursuant to the definition of “Term Reference Rate”.
If paragraph (a) above applies but it is not possible to calculate the Interpolated Primary Term Rate, the Interest Period of the Loan shall (if it is longer than the applicable Fallback Interest Period) be shortened to the applicable Fallback Interest Period and the applicable Term Reference Rate shall be determined pursuant to the definition of "Term Reference Rate".

More Definitions of Primary Term Rate

Primary Term Rate. The euro interbank offered rate administered by the European Money Markets Institute (or any other person which takes over the administration of that rate) for the relevant period published (before any correction, recalculation or republication by the administrator) by the European Money Markets Institute (or any other person which takes over the publication of that rate).

Primary Term Rate means for a currency and the applicable category of Loan, the rate specified as such in Schedule 13 (Term Rate Terms).

Primary Term Rate. In relation to NIBOR, the Norwegian interbank offered rate administered by Finansielle Referanser AS (NoRe) (or any other person which takes over the administration of that rate) for the relevant period displayed (before any correction, recalculation or republication by the administrator) on the Refinitiv screen; If such service ceases to be available, the Facility Agent may specify another service, displaying the relevant rate after consultation with the Company, the relevant Revolving Facility C Lenders, the Revolving Facility G Lender, the Swingline Facility C Lenders and the Swingline Facility G Lender. Rate fixing timings 1 week.

Primary Term Rate means the applicable Screen Rate as of the Quotation Day of that Dollar Loan and for a period equal in length to the interest period of that Dollar Loan.

Primary Term Rate. In relation to CIBOR, the Copenhagen interbank offered rate administered by the Danish Bankers' Association (or any other person which takes over the administration of that rate) for the relevant period displayed (before any correction, recalculation or republication by the administrator) on the Refinitiv screen. If such service ceases to be available, the Facility Agent may specify another service, displaying the relevant rate after consultation with the Company and the relevant Revolving Facility C Lenders, the Revolving Facility G Lender, the relevant Swingline Facility C Lenders,and the Swingline Facility G Lender. Rate fixing timings 1 week.

Primary Term Rate means, in relation to any Term Rate Note, the rate specified as such in the applicable Reference Rate Terms.

Primary Term Rate. The term SOFR reference rate (“Term SOFR”) administered by CME Group Benchmark Administration Limited (or any other person which takes over the administration of that rate) that is two (2) US Government Securities Business Days prior to the first day of such Interest Period for the relevant period published (before any correction, recalculation or republication by the administrator) by CME Group Benchmark Administration Limited (or any other person which takes over the publication of that rate) and if such page or service is replaced or ceases to be available, the Agent may specify another page or service displaying the relevant rate in accordance with Clause ‎39.12 (Replacement of Screen Rate).