Index And When It Is Determined definition

Index And When It Is Determined. The Index used to determine your variable APRs is the U.S. Prime Rate shown in the "Money Rates" section of The Wall Street Journal on the last day the rate is published in each calendar month (the determination date). The Index will be effective for the entire billing cycle that ends in the second month after the determination date. For example, if your billing cycle ends in July, we will use the Index determined on the last day the rate is published in The Wall Street Journal in May.
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Related to Index And When It Is Determined

  • Screen Rate Determination is specified in the relevant Final Terms as the manner in which the Interest Rate is to be determined and the Reference Rate is specified in the relevant Final Terms as being “Compounded Daily ▇▇▇▇▇”, the Interest Rate for a ▇▇▇▇▇ Interest Accrual Period (as defined below) will, subject as provided below, be the Compounded Daily ▇▇▇▇▇ Formula Rate with respect to such ▇▇▇▇▇ Interest Accrual Period plus or minus (as indicated in the relevant Final Terms) the Margin (if any). In these Conditions:

  • Index Determination Date means, in relation to any Index, a date on which such Indexfalls to be determined in accordance with the Conditions;

  • TIA Applicability Determination As defined in Section 12.12.

  • Benchmark Determination Date means (a) if the Benchmark is LIBOR, the LIBOR Determination Date, (b) if the Benchmark is Term SOFR, the date that is two Business Days before the first day of the applicable Accrual Period, (c) if the Benchmark is Compounded SOFR, the date that is five Business Days before the last day of the applicable Accrual Period and (d) if the Benchmark is any other rate, the date determined by the Trust according to Section 2.16 of the Indenture.

  • SOFR Determination Day has the meaning specified in the definition of “Daily Simple SOFR”.