Definition of Term Deposit Rate

  1. Term Deposit Rate means the rate per annum equal to the Bank Rate minus 3.00% per annum.

Examples of Term Deposit Rate in a sentence

  1. "Term Deposit Rate" means the rate per annum equal to the Bank Rate minus 3.00% per annum.
  2. (e) Interest shall accrue on the Term Deposit for each Interest Period at the Term Deposit Rate ("Term Interest") and the Issuer shall pay Term Interest on each Payment Date on the Term Deposit to the applicable Term Institutions, in accordance with Section 2.6 of this Agreement and Section 5.2 of the Indenture.

Definition of Term Deposit Rate in Agreement

Term Deposit Rate means the rate per annum equal to the Bank Rate minus 3.00% per annum.