Rate Switch Date definition
Rate Switch Date means the last day of the Floating Rate Interest Period that is current as at the “Effective Date” as defined in the Fifth Supplemental Agreement.
Rate Switch Date means, if the Borrowers request a switch from a Compounded Reference Rate to a Term SOFR Reference Rate, the date (which shall be the last day of an Interest Period) on which the Facility Agent, acting in its individual capacity and on behalf and on the instructions of the Lenders, agree in writing that interest under this Agreement should be calculated by reference to the Term SOFR Reference Rate.
Rate Switch Date means 31 July 2023.
Examples of Rate Switch Date in a sentence
On and from the date of this Agreement and until a Rate Switch Date, interest under this Agreement should be calculated by reference to the Compounded Reference Rate.
For the purposes of this clause 6.4: LIBO Option B Lender means an Option B Lender that is, or becomes, an Option B Lender prior to the Rate Switch Date.
This change of the interest rate benchmark for the Loan will occur on the Rate Switch Date (as defined below).
The Lender shall notify the Borrower of the Rate Switch Date for the Loan promptly upon becoming aware of the occurrence of the Rate Switch Date.
Clause 8 (Interest), Clause 9 (Interest Periods) and Clause 10 (Changes to calculation of interest rates) shall continue to apply to the Loan until the Rate Switch Date.
More Definitions of Rate Switch Date
Rate Switch Date has the meaning given to that term in Clause 8A.2 (Rate switch definitions).
Rate Switch Date means the first day of the Interest Period in respect of the Loan fixed after the Effective Date or any other date agreed as such between the Lender and the Borrowers, but in any event no later than the end of the first interest period falling due after 30 June 2023.
Rate Switch Date has the meaning given to it in Schedule 3. Reference Rate has the meaning given to it in Schedule 3.
Rate Switch Date means the earlier of:
Rate Switch Date means 30 August 2023 or any other date agreed as such between the Owner and the Charterer.
Rate Switch Date means the earlier of any Rate Switch Trigger Event Date.