TONAR definition

TONAR means, with respect to any Business Day, a rate per annum equal to the Tokyo Overnight Average Rate for such Business Day published by the TONAR Administrator on the TONAR Administrator’s Website on the immediately succeeding Business Day.
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TONAR means a rate equal to the Tokyo Overnight Average Rate as administered by the TONAR Administrator.
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TONAR means a rate equal to the Tokyo Overnight Average Rate as administered by the TONAR Administrator. “TONAR Adjustment” means a per annum percentage equal to -0.02923% (negative 2.923 basis points). “TONAR Administrator” means the Bank of Japan (or any successor administrator of the Tokyo Overnight Average Rate). “TONAR Administrator’s Website” means the Bank of Japan’s website, currently at xxxx://xxx.xxx.xx.xx, or any successor source for the Tokyo Overnight Average Rate identified as such by the TONAR Administrator from time to time. “Total Credit Exposure” means, as to any Lender at any time, the unused Revolving Credit Commitments, Revolving Credit Exposure and outstanding Term Loans of such Lender at such time. “Total Funded Debt” means, at any time the same is to be determined, the aggregate of all Indebtedness of the Parent and its Restricted Subsidiaries determined without duplication on a consolidated basis minus (i) the aggregate stated amount of performance letters of credit issued for the account of the Parent or any Restricted Subsidiary other than any such Letter of Credit issued hereunder, (ii) the aggregate principal amount of debt for borrowed money owed by the Parent or any Restricted Subsidiary under overdraft facilities but only to the extent of cash held by the Parent and its Restricted Subsidiaries on a consolidated basis and (iii) to the extent otherwise included in Indebtedness, Bank Product Obligations. “UK Financial Institution” means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms. “UK Resolution Authority” means the Bank of England or any other public administrative authority having responsibility for the resolution of any UK Financial Institution. “Unadjusted Benchmark Replacement” means the applicable Benchmark Replacement excluding the related Benchmark Replacement Adjustment. “Undisclosed Administration” means in relation to a Lender or its direct or indirect parent company or other affiliate that exercises control over it, the appointment of an administrator,
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Examples of TONAR in a sentence

  • SARON, SOFR, SONIA and TONAR, two business days before the relevant interest period.

  • As at the date of this Prospectus, the Sub-Funds use risk-free rate benchmarks such as the Euro Short Term Rate (€STR), which is administered by the European Central Bank, the Secured Overnight Financing Rate (SOFR), which is administered by the US Federal Reserve Bank (i.e. New York Fed), the Sterling Overnight Index Average (SONIA) which is administered by the Bank of England, the Tokyo Overnight Average Rate (TONAR) which is administered by the Bank of Japan.

  • The Working Group on Sterling Risk-Free Reference Rates in the United Kingdom chose the Sterling Overnight Index Average (SONIA) to replace British pound sterling LIBOR; the Study Group on Risk-Free Reference Rates in Japan chose the Tokyo Overnight Average Rate (TONAR) to replace yen LIBOR and to serve as an alternative to the Tokyo Interbank Offered Rate (TIBOR); and the National Working Group in Switzerland selected the Swiss Average Rate Overnight (SARON) to replace Swiss franc LIBOR.

  • New alternative reference rates (SONIA, SARON, TONAR, SOFR) are available as a replacement of the ceased rates.

  • Progress in JPY has been very gradual, and Japan plans to take a multiple rate approach wherein Domestic TIBOR is expected to continue with TONAR.

  • Interest is earned by reference to overnight benchmark rates for the following currencies : GBP (SONIA), USD (EFFR), EUR (€STR), CHF (SARON), and JPY (TONAR).

  • The reference rate for US OIS contracts is the effective federal funds rate, while for UK, Eurozone and Japanese contracts the reference rates are SONIA, EONIA and TONAR, respectively.

  • The SRFRWG has published a “Freely Available Independent RFR Calculator Summary” that includes independent RFR calculators that could be beneficial in helping market participants to calculate and validate interest amounts in agreements for certain RFRs (e.g. SOFR, SONIA, €STR, TONAR).

  • JPY TONAR, the uncollateralized overnight call rate will replace the current JPY LIBOR rates as the benchmark risk free rate.

  • For CHF (Swiss Franc)LIBOR the relevant RFR is SARON (Swiss Average Rate Overnight) and for JPY (Japanese yen) it is TONA (aka TONAR) (Tokyo Overnight Average Rate).


More Definitions of TONAR

TONAR means a rate per equal to the Tokyo Overnight Average Rate as administered by the TONAR Administrator and displayed on the TONAR Administrator`s Website; provided that if TONAR as so determined shall ever be less than the Floor, then TONAR shall be deemed to be the Floor.
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TONAR means a rate equal to the Tokyo Overnight Average Rate as administered by the TONAR Administrator. “TONAR Administrator” means the Bank of Japan (or any successor administrator of the Tokyo Overnight Average Rate).
Sample 1
TONAR means in relation to any Loan, the Tokyo Overnight Average (TONAR) rate provided by the Bank of Japan, as administrator of the benchmark, or any successor administrator, whereby the relevant SONIA rate for an upcoming Calculation Period shall be calculated using the prescribed Compounding Methodology.
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Related to TONAR

  • Growler means any refillable, resealable container complying with federal law.

  • POPIA means the Protection of Personal Information Act, No 4 of 2013;

  • Crane means any self-propelled vehicle to which has been permanently mounted or attached any crane, whether or not such vehicle was originally a truck, tractor, or other type of motor vehicle or was designed and built as a complete crane unit. However, the word "crane," as herein defined, shall not be construed to mean any truck or other vehicle equipped with or to which has been affixed any device used for the purpose of providing a means for towing other vehicles.

  • Proctor means any person, including, but not limited to,

  • Embalmer means any person engaged in the practice of embalming.

  • POPI means the Protection of Personal Information Act, 4 of 2013;

  • Loft means an intermediary floor on a residual space in a pitched roof; above normal floor level with a maximum height of 1.5 metres and which is constructed or adopted for storage purposes;

  • STU means the Board or the Government company notified by the respective State Government under Sub-section (1) of Section 39 of the Act;

  • You/Your means the person who owns or leases the Covered Equipment and any person to whom the Policy is transferred pursuant to clause 11.

  • Freeboard means a factor of safety usually expressed in feet above a flood level for purposes of floodplain management. "Freeboard" tends to compensate for the many unknown factors that could contribute to flood heights greater than the height calculated for a selected size flood and floodway conditions, such as wave action, blockage of bridge or culvert openings, and the hydrological effect of urbanization of the watershed.

  • Freshwater means all waters not defined as saltwater

  • Seaplane means an aeroplane capable normally of taking off from and alighting solely on water;

  • TSO means the CCR Hansa TSO(s) unless it is explicitly otherwise stated.

  • Ecology means the Washington state department of ecology.

  • Greywater means all liquid wastes from showers, baths, sinks, kitchens and domestic washing facilities, but does not include toilet wastes;

  • PAT means a document or product accessibility template, including any Information Technology Industry Council Voluntary Product Accessibility Template or VPAT®, that specifies how information and software products, such as websites, applications, software and associated content, conform to WCAG 2.0 Level AA.

  • Diocese means the Church of England diocese in which the Academies are situated;

  • CORA means the Colorado Open Records Act, §§24-72-200.1 et. seq., C.R.S.

  • handyman means a person employed to perform routine manual tasks in any

  • Cropland means land used for the production of adapted crops for harvest, alone or in a rotation with grasses and legumes, and includes row crops, small grain crops, hay crops, nursery crops, orchard crops, and other similar specialty crops.

  • Dell means Dell Inc., a Delaware corporation.

  • Pioneer or the "Company" means Pioneer Natural Resources Company and its subsidiaries.

  • PETE means polyethylene terephthalate, labeled by the SPI code #1.

  • Mayor means the duly elected and acting Mayor, or in the Mayor's absence, the duly appointed and/or elected Vice Mayor or Acting Mayor of the Issuer.

  • Radiologic technologist, limited means an individual, other than a licensed radiologic technologist,

  • BEO means a written order issued by the Contractor to the Judicial Council that confirms the Judicial Council’s specific instructions and orders with respect to the Program on any one or more of the following, but does not alter any of the Agreement’s terms and conditions: (i) meeting and/or function room(s) and set-up requirements and/or rental charges; (ii) meal menus and prices and set-up requirements; and/or (iii) audio-visual equipment and set-up requirements and/or rental charges. BEO’s will be approved and signed by the Judicial Council’s representative, as set forth in Exhibit B.