TONAR definition
TONAR means a rate equal to the Tokyo Overnight Average Rate as administered by the TONAR Administrator.
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.
TONAR means the Tokyo Overnight Average Rate (TONAR) provided by the Bank of Japan as administrator of the benchmark, or any successor administrator and displayed on the relevant screen of any authorised distributor of that reference rate, provided that if such rate is below zero, TONAR will be deemed to be zero.
Examples of TONAR in a sentence
The Administrative Agent will promptly notify the Borrower and the Lenders of the effectiveness of any Conforming Changes in connection with the use or administration of TONAR.
USD 200,000,000.00 Repurchase Facility FLOWERS FINANCE II, LLC request the following : Loan Number: Loan Currency: Pricing Option: Effective Date: Maturity Date: Year Basis: Amount: Base Rate Margin Reserve All-In Rate If you have any questions please contact Phone: Email: IMPORTANT INFORMATION: THE FORMULA FOR DAILY COMPOUNDED SOFR / ▇▇▇▇▇ / SARON OR TONAR INTEREST IS IN YOUR LOAN DOCUMENTATION.
The Administrative Agent and its affiliates or other related entities may engage in transactions that affect the calculation of TONAR, any alternative, successor or replacement rate (including any Benchmark Replacement) or any relevant adjustments thereto, in each case, in a manner adverse to the Borrower.
More Definitions of TONAR
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).
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 ▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇, 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,
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). “TONAR Administrator’s Website” means the Bank of Japan’s website, at ▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇, or any successor source for the Tokyo Overnight Average Rate identified as such by the TONAR Administrator from time to time. “UCP” means as is specified in Section 12.11(a) [Governing Law]. “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. “Unrestricted Cash” means, at any time of determination, the sum of (i) the aggregate amount of all cash deposits of the Parent and its Subsidiaries maintained in any demand account, and (ii) the aggregate monetary value of any Cash Equivalents of the Parent and its Subsidiaries, to the extent such cash deposits and Cash Equivalents are free of any Lien or other encumbrance (other than (x) customary Liens arising in the ordinary course of business which the depository institution or securities intermediary may have with respect to any right of offset against funds in such account and (y) customary holds for uncollected deposits) and do not appear as
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 selected by the Administrative Agent in its reasonable discretion). “TONAR Administrator’s Website” means the Bank of Japan’s website, at ▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇, 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, (a) in respect of the Revolving Credit Facility, the unused Revolving Credit Commitments and Revolving Credit Exposure of such Lender at such time, (b) in respect of the Three-Year Term Loan Facility, the Three-Year Term Loan Exposure of such Lender at such time, and (c) in respect of the Eighteen Month Term Loan Facility, the Eighteen Month Term Loan Exposure of such Lender at such time. “Total Outstandings” means the aggregate Outstanding Amount of all Loans and all L/C Obligations. “Total Revolving Credit Outstandings” means the aggregate Outstanding Amount of all Revolving Credit Loans, Swing Line Loans and L/C Obligations. “Type” means (a) with respect to a Revolving Credit Loan, its character as a Base Rate Loan, Term SOFR Loan or a Daily RFR Loan, (b) with respect to a Term Loan, its character as a Base Rate Loan or Term SOFR Loan and (c) with respect to a Swing Line Loan, its character as a Base Rate Loan.
TONAR means, with respect to any Business Day, a rate per annum equal to
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.
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.