Money Market Rate definition

Money Market Rate has the meaning specified in Section 2.03(c)(ii)(C).

Money Market Rate means the fixed interest rate per annum which the Bank determines could be obtained by reinvesting a specified Prepaid Installment in the Money Market from the date of prepayment through the Original Payment Date.

Money Market Rate has the meaning set forth in Section 2.2.

Examples of Money Market Rate in a sentence

• Islamic Interbank Money Market Rate (“IIMM”) per annum calculated on daily basis.

• SCE shall also pay to CDWR accrued interest on such Other ISO Charge Remittances from the date paid by CDWR to the ISO to the date reimbursed by SCE to CDWR, at the SCE Daily Money Market Rate, compounded daily.

• The Parties agree to settle on and make payments for the net amount owed for Imbalance Energy for the Transition Period ninety days after the end of the Transition Period, including interest at the SCE Daily Money Market Rate, compounded daily, beginning 45 days after the day Imbalance Energy was delivered and ending on the date of payment.

• The applicable interest rate for this determination shall be the SCE Daily Money Market Rate for the first 30 days after amounts are due to the ISO, and the Late Payment Rate, as defined in the Servicing Agreement, for the period of time beginning 30 days after the amounts are due to the ISO until paid.

• Upon such clarification by the CPUC, the Parties shall apply the methodology adopted by the CPUC to the remittance obligations hereunder, and the Parties shall reimburse each other as necessary to adjust the amounts paid or owing by either Party based on the methodology approved by the CPUC, including interest on such adjustment at the SCE Daily Money Market Rate, compounded daily.

More Definitions of Money Market Rate

Money Market Rate means (a) the Federal Funds Rate plus (b) the Applicable Rate for Eurodollar Rate Advances.

Money Market Rate with respect to any proposed Money Market Loan, the quoted rate per annum obtained by the Administrative Agent with respect thereto, and accepted by each Lender, in its sole discretion, no later than 10:00 A.M., New York City time, on the requested Borrowing Date.

Money Market Rate means such rate of interest per annum (if any) as the Swingline Lender may quote from time to time on any single commercial borrowing for a period of up to 90 days.

Money Market Rate as defined in subsection 3.2(b).

Money Market Rate means (a) the “ASK” rate for Federal Funds appearing on Page 5 of the Dow Jxxxx Market Service (or on any successor or substitute page of such Service, or any successor to or substitute for such Service, providing rate quotations comparable to those currently provided on such page of such Service, as determined by the Swingline Lender from time to time for purposes of providing quotations of the offer rates applicable to Federal Funds for a term of one Business Day) at the time reviewed by the Swingline Lender plus (b) the Applicable Margin for LIBOR Rate Loans. In the event that part (a) of such rate is not available at such time for any reason, then part (a) of such rate will be the rate agreed to between the Swingline Lender and the Borrower. The Borrower understands and agrees that the rate quoted from Page 5 of the Dow Jxxxx Market Service is a real-time rate that changes from time to time. The rate quoted by the Swingline Lender and used for the purpose of setting the interest rate for a Swingline Loan will be the rate on the screen of the Swingline Lender at the time of setting the rate and will not be an average or composite of rates for that day.

Money Market Rate means, for any day, the LIBO Rate applicable to a Eurocurrency Borrowing with an Interest Period of one month plus the Applicable Rate.

Money Market Rate has the meaning assigned to such term in Section 3.4.