Ticker Rate definition
Ticker Rate means (i) for the period from (and including) the ECD to (and including) the Final Completion Date, a rate of seven per cent (7%) per annum and (ii) for the period after (and excluding) the Final Completion Date, a rate of four per cent (4%) per annum;
Ticker Rate means the product of (x) a fraction where the numerator is the number of days that elapse, if any, between the date of this Agreement and the Completion Date and the denominator is 365, multiplied by (y) [***];