Examples of Reference Rate in a sentence
Investors in such Notes will therefore not benefit from any increase in the relevant Reference Rate or value of the Reference Item which would otherwise cause such interest rate to exceed the maximum specified rate.
Interest Chargeable: Floating Rate of Interest is computed with reference to the EHFL- Reference Rate of EHFL together with the margin, if any, as specified in detail in the loan agreement.
If the Issuer determines that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred in relation to an Original Reference Rate at any time when any Rate of Interest (or any component part thereof) remains to be determined by reference to such Original Reference Rate, then the following provisions shall apply.
If (i) the Issuer is unable to appoint an Independent Adviser or (ii) the Independent Adviser appointed by it fails to determine a Successor Rate or, failing which, an Alternative Rate in accordance with this Condition 7(j) prior to the date which is 10 business days prior to the relevant Interest Determination Date, the Reference Rate applicable to the immediate following Interest Period shall be the Reference Rate applicable as at the last preceding Interest Determination Date.
Modes of Communication of changes in interest rate: Any change in EHFL- Reference Rate would be duly communicated to the borrower/s at the contact details available with EHFL through SMS/ E-mail/ Courier or any other electronic mode prevalent for the time being.