Bank Interest Rate means the rate of interest, if any, on any Bank Bonds held by and payable to the Bank, and any other Person to whom a Bank or other holder has sold Bank Bonds pursuant to the Liquidity Facility (other than a remarketing by the Remarketing Agent), at any time as determined and calculated in accordance with the provisions of the applicable Liquidity Facility, including interest payable and attributable to prior interest accruing in excess of the Maximum Rate.
Bank Interest Rate means, for any day during any Interest Period for any Loan (or any portion thereof), an interest rate per annum equal to the Eurodollar Rate on such day; provided, however, that if any Lender shall have notified the Borrower that the introduction of or any change in, or in the interpretation of, any law or regulation makes it unlawful, or any central bank or other governmental authority asserts that it is unlawful, for such Lender to fund such Loan at the Bank Interest Rate set forth above (and such Lender shall not have subsequently notified the Borrower that such circumstances no longer exist), the Bank Interest Rate for each day on and after such notice that has not been withdrawn by such Lender shall be an interest rate per annum equal to the Alternate Base Rate in effect on such day; and provided, further, however, that at all times following the occurrence and during the continuation of an Event of Default the Bank Interest Rate shall be the Default Rate.
Bank Interest Rate will mean, at any time that sums are due and payable to the Agent under Section 2.10.5.4, below, the Prime Rate plus three percent (3%).
Examples of Bank Interest Rate in a sentence
The accuracy of the sample survey is documented in ‘The measurement of Sampling Error in Bank Interest Rate Statistics’, Bank of Italy, Supplements to the Statistical Bulletin – Methodological Notes, June 2007 and in ‘Quality Measures in Non-random Sampling MFI Interest Rate Statistics’, ECB, Statistics Paper Series, 2013.
For the avoidance of doubt, if the Custody Income Proceeds for that Interest Period are negative, then the Account Bank Interest Rate for that Interest Period shall also be negative.
On the Interest Determination Date in relation to each Interest Period, the Account Bank will calculate (in accordance with these Conditions) the Account Bank Interest Rate in respect of such Interest Period and the Agent Bank will calculate the Rate of Interest payable in respect of each Note for such Interest Period.
Interest shall accrue on such unsatisfied excess amounts the Account Bank Interest Rate and be compounded on future Payment Dates until paid.
Scanlon:Suppose Jones has suffered an accident in the transmitter room of a television station.
More Definitions of Bank Interest Rate
Bank Interest Rate means the rate of interest, if any, on any Bank Bonds held by and payable to the Bank at any time as determined and calculated in accordance with the provisions of the Liquidity Facility.
Bank Interest Rate means, with respect to the interest rate to accrue on any Bank Bond during which the Bank holds such Bond, a rate determined as follows:
Bank Interest Rate means with respect to any amounts owing under any Bank Bond, the rate of interest which is applicable to the amounts owing under such Bank Bond as specified in and computed in accordance with the Liquidity Facility or Credit Facility.
Bank Interest Rate means, with respect to Bank Bonds, a rate per annum equal to: (i) the Alternate Base Rate from and including the date the Bonds become Bank Bonds to and including the date 30 days from the date the Bonds become Bank Bonds, (ii) the Alternate Base Rate plus one percent (1.0%) per annum, from and including the date 31 days following the date the Bonds become Bank Bonds to and including the date 60 days from the date the Bonds become Bank Bonds, (iii) the Alternate Base Rate plus two percent (2.0%) per annum, from and including the date which is 61 days following the date the Bonds become Bank Bonds until paid in full; provided, however, that upon the occurrence and during the continuance of any Event of Default, “Bank Interest Rate” shall mean the Default Rate; provided, further, however, that to the extent that during any period in which any Bank Bonds are outstanding, the Bank Interest Rate exceeds the Maximum Interest Rate, such Bank Bonds shall continue to bear interest at the Maximum Rate if and to the extent necessary for State Street to recover the interest that would have accrued on the Bank Bonds if the rate of such interest had not been limited to the Maximum Interest Rate. At no time shall the Bank Interest Rate be less than the highest rate of interest on any outstanding Bond that is not a Bank Bond.
Bank Interest Rate means the rate of interest on any Adjustable Rate Bonds held by and payable to the Liquidity Facility Provider at any time as determined and calculated in accordance with the provisions of the Liquidity Facility.
Bank Interest Rate means a per annum rate of interest established on each Computation Date equal to the sum of (i) the Applicable Spread plus (ii) the LIBOR Index; provided that if an Event of Default has occurred and is continuing, the Bank Interest Rate shall equal the Default Rate; provided, further, that, subject to the provisions of Section 36 hereof, the Bank Interest Rate shall not exceed the Maximum Rate. The Bank Interest Rate shall be rounded upward to the nearest third decimal place.
Bank Interest Rate means the per annum rate of interest on Bank Bonds pursuant to a Standby Bond Purchase Agreement, initially for each period specified below, the interest rate specified with respect to such period which interest rates shall be computed on the basis of the actual number of days elapsed and a 365 or 366 day year, as applicable:Period RateDate of advance to and including the 30th day thereafterThe 31st day after the date of advance to and including the 90th day after the date of advanceBase Rate Base Rate plus 0.50%Thereafter Base Rate plus 1.00% Notwithstanding anything in the applicable Standby Bond Purchase Agreement to the contrary, from and after an event of default thereunder, the Bank Interest Rate shall equal the Default Rate.