Variable Rate Swap SVR definition
Variable Rate Swap SVR means, in respect of a Calculation Period, the rate of interest equal to the average of the standard variable rate or its equivalent charged to existing borrowers on residential mortgage loans as published from time to time after excluding the highest and lowest rate, of the Reference Lenders, as determined by the Cash Manager in good faith and notified to the Calculation Agent from time to time in accordance with the Cash Management Agreement.
Variable Rate Swap SVR means, in respect of a Swap Determination Period, the rate equal to the average of the standard variable rates or their equivalent charged to existing borrowers on residential mortgage loans as published from time to time as at the start of business on the first day of such Swap Determination Period after excluding the highest and lowest rate, of the Reference Lenders, as determined by the Cash Manager in good faith and notified to the Calculation Agent from time to time in accordance with the Cash Management Agreement.
Variable Rate Swap SVR has the meaning given to it in the Interest Rate Swap Agreement;
More Definitions of Variable Rate Swap SVR
Variable Rate Swap SVR has the meaning given to it in the Interest Rate Swap Agreement; voting certificate has the meaning given to it in Schedule 4 to the Trust Deed;
Variable Rate Swap SVR has the meaning given to it in the Current Issuer Basis Rate Swap Agreement; and
Variable Rate Swap SVR means, (i) in respect of a Swap Determination Period, the rate equal to the average of the standard variable rates or their equivalent charged to existing borrowers on residential mortgage loans as published from time to time as at the start of business on the first day of such Swap Determination Period, and (ii) in respect of a Further Issue Determination Period, the rate equal to the average of the standard variable rates or their equivalent charged to existing borrowers on residential mortgage loans as published from time to time as at the start of business on the first day of such Further Issue Determination Period, in the case of both (i) and (ii) above, after excluding the highest and lowest rate, of the Reference Lenders, as determined by the Cash Manager in good faith and notified to the Calculation Agent from time to time in accordance with the Cash Management Agreement.