Examples of SIFMA Index in a sentence
The Calculation Agent shall notify the Paying Agent and the Borrower of the Index Rate with respect to each SIFMA Index Reset Date.
Promptly following the determination of the SIFMA Index Rate, the Calculation Agent shall give notice thereof to the Paying Agent and the Borrower.
The SIFMA Index Rate shall be rounded upward to the second decimal place.
If the SIFMA Index Rate is not determined by the Calculation Agent on the Computation Date, the rate of interest on such Advance shall be the rate in effect for the immediately preceding SIFMA Index Reset Date until the Calculation Agent next determines the SIFMA Index Rate as required hereunder.
Each Advance shall bear interest at the SIFMA Index Rate, subject to adjustment as set forth herein.