Base Rate Option means the option of the Borrower to have Loans bear interest at the rate and under the terms set forth in Section 4.1.1(a)(i) [Revolving Credit Base Rate Option].
Base Rate Margin has the meaning set forth in the definition of Applicable Margin.
Base Rate means, for any day, the rate per annum equal to the higher of (a) the Federal Funds Rate for such day plus one-half of one percent (0.5%) and (b) the Prime Rate for such day. Any change in the Base Rate due to a change in the Prime Rate or the Federal Funds Rate shall be effective on the effective date of such change in the Prime Rate or Federal Funds Rate.
Prime Rate Margin is set forth on Schedule I hereto.
Eurocurrency Base Rate has the meaning specified in the definition of Eurocurrency Rate.
Alternate Base Rate Advance means an Advance which bears interest at the Alternate Base Rate.
Base Rate Advance means an Advance that bears interest as provided in Section 2.07(a)(i).
LIBOR Base Rate means, for each Interest Period, the London interbank offered rate for six-month deposits in Dollars for value the first day of such Interest Period (or, in the case of the initial Interest Period, for value the Interest Payment Date occurring on or next preceding the first day of such Interest Period), as reasonably determined by the Bank and expressed as a percentage per annum.
Applicable Base Rate Margin means, on any day, a rate per annum equal to the higher of (a) the Applicable Eurocurrency Margin for such day minus 1.00% and (b) 0.00%.
Eurodollar Base Rate has the meaning specified in the definition of Eurodollar Rate.
LIBOR Rate Margin has the meaning set forth in the definition of Applicable Margin.
Eurodollar Rate Margin means the margin over the Eurodollar Rate used in determining the rate of interest of Eurodollar Rate Loans pursuant to subsection 2.2A.
Reference Rate Advance means an Advance which bears interest as provided in Section 2.09(a).
Base Rate of Pay means the employee’s hourly rate of pay excluding any premiums, incentives, add-ons or rollups.
Base Rate Term Loan means any portion of the Term Loan during any period in which it bears interest based on the Base Rate.
Base Rate Basis means a simple interest rate equal to the sum of (a) the Base Rate and (b) the Applicable Margin applicable to Base Rate Advances. The Base Rate Basis shall be adjusted automatically as of the opening of business on the effective date of each change in the Base Rate to account for such change, and shall also be adjusted to reflect changes of the Applicable Margin applicable to Base Rate Advances.
LIBO Base Rate means with respect to each day an Advance is outstanding (or if such day is not a Business Day, the next succeeding Business Day), the rate per annum equal to the rate published by Bloomberg or if such rate is not available, the rate appearing at page 3750 of the Telerate Screen as one-month LIBOR on such date, and if such rate shall not be so quoted, the rate per annum at which the Lender is offered Dollar deposits at or about 11:00 A.M., eastern time, on such date by prime banks in the interbank eurodollar market where the eurodollar and foreign currency and exchange operations in respect of its Advances are then being conducted for delivery on such day for a period of one month and in an amount comparable to the amount of the Advances to be outstanding on such day.
Floating Rate Margin means 7.50 per cent. per annum.
Alternate Base Rate Loans means Loans that bear interest at an interest rate based on the Alternate Base Rate.
Applicable Prime Rate Margin shall have the meaning provided in section 2.7(g).
LIBOR Applicable Margin means, as of any date with respect to any LIBOR Interest Period, the Applicable Margin in effect for such LIBOR Interest Period as determined in accordance with Section 2.4 hereof.
Applicable LIBOR Rate Margin means the following per annum percentages, applicable in the following situations:
Floating Rate Option has the meaning given to it in the ISDA Definitions;
U.S. Base Rate means, on any day, the annual rate of interest equal to the greater of (a) the annual rate of interest announced by a commercial Canadian bank selected by the Lender and in effect as its base rate at its principal office in Toronto, Ontario on such day for determining interest rates on Dollar demand commercial loans in Canada, and (b) the sum of the Federal Funds (Effective) Rate plus 0.50% per annum.
Base Rate Revolving Loan means a Revolving Loan that is a Base Rate Loan.
Applicable Eurodollar Rate Margin means, with respect to any Eurodollar Rate Advance, for each Pricing Period, the interest rate margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: Applicable Pricing Level Margin I 52.50 II 62.50 III 72.50 IV 82.50 V 92.50