ZAR-PRIME-AVERAGE definition

ZAR-PRIME-AVERAGE means the rate that will be the South African Average Prime Rate, which appears on the Reuters Screen SAFEY Page under the caption “Average Prime Rate” as of 1:00pm, Johannesburg time, on the relevant date.
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ZAR-PRIME-AVERAGE means that the rate for a Reset Date will be the South African Average Prime Rate, which appears on the Reuters Screen SAFEY Page under the caption "Average Prime Rate" as of 1:00 p.m., Johannesburg time, on that Reset Date. If such rate does not appear on the Reuters Screen SAFEY Page, the rate for that Reset Date will be determined as if the parties had specified "ZAR-PRIME-AVERAGE-Reference Banks" as the applicable Floating Rate Option.
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Related to ZAR-PRIME-AVERAGE

  • Weighted Average means a ratio of the weight of the investment by the financial market participant in an investee company in relation to the enterprise value of the investee company;

  • Weighted Average SOFR means the arithmetic mean of SOFR in effect for each Business Day during the relevant Interest Period, calculated by multiplying the relevant SOFR by the number of calendar days such SOFR is in effect, determining the sum of such products and dividing such sum by the number of calendar days in the relevant Interest Period, provided however that during a Suspension Period, the SOFR for each day during that Suspension Period will be the value for the Business Day immediately prior to the first day of such Suspension Period. For purposes of this provision “Suspension Period” is the number of Business Days prior to the end of the relevant Interest Period as specified in the applicable pricing supplement.

  • Weighted Average Spread means, as of any day, the number expressed as a percentage equal to (i) the Aggregate Funded Spread divided by (ii) the Aggregate Eligible Collateral Obligation Amount (excluding any interest that has been deferred and capitalized on any Deferrable Collateral Obligation).