The Base Rate definition

The Base Rate plus the applicable margin as determined above is hereinafter referred to as the "Revolving Credit Rate." Changes in the Base Rate shall be effective on the first day of each month, based on the Base Rate in effect on such day. Interest shall be due upon the rendering of each monthly invoice therefore by FNB-O. TERM NOTE TERMS
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The Base Rate means the Bank’s internal benchmark for interest rates in relation to Kenya Shillings informed by the banks internal parameters that may include and not limited to: Operating Expenses, Cost of Funding , Cost of Capital, among others. The Banks Internal benchmark may vary from time to time and will be reviewed periodically as the Bank determines. If the Interest rate on your loan is variable, it will change from time to time as advised and/or as the Base Rate changes and/or changes in any other rate as prescribed by the Central Bank of Kenya and/or based on changes in your risk profile, which will be reviewed periodically. If your interest rate is fixed, your loan interest will remain fixed unless you do not meet your contractual obligations. If we vary the Interest rate, we will notify you of the effective date of the revised interest rate and give you reasonable notice of the change prior to imposition in accordance with the applicable laws. The notice will include the new interest rates and to the extent possible and/or the change in the instalment amount, or tenor of your loan before the change takes effect. We will charge you Interest on the balance outstanding on your loan on a day to day basis, based on a 365 day year, and this will be applied in arrears on a monthly basis.
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The Base Rate means the three (3) month Dublin Inter Bank Offered Rate (DIBOR) or its equivalent three (3) month European Inter Bank Offered Rate (EURIBOR) as quoted by Allied Irish Bank Plc on the Commencement Date
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Examples of The Base Rate in a sentence

  • The Base Rate, after adjustment, is called the Intermediary’s Cost of Funds.

  • The Base Rate is a fixed rate based upon the meter size as set forth in the equivalency chart in Section G.

  • The Base Rate is calculated by using 90 percent of the daily average 20-year AAA-rated, general obligation bond Municipal Market Data (MMD) composite index for the most recent calendar month.

  • The Base Rate System is applicable with effect from July 1, 2010.

  • The Base Rate is the rate per annum equal to the highest of (i) the rate of interest established by KeyBank, from time-to-time, as its “prime rate,” (ii) the Federal Funds Effective Rate, as defined in the Credit Agreement, in effect from time-to-time plus ½ of 1% per annum, and (iii) 100 basis points in excess of LIBOR for loans with an interest period of one month.

  • The Base Rate is calculated by using 90% of the average 20-year, AAA-rated general obligation bond Municipal Market Data (MMD) composite index for the most recent calendar month.

  • The Base Rate System is applicable from July 1, 2010 and accordingly interest rates applicable for all tenors of rupee export credit advances sanctioned on or after July 01, 2010 are at or above Base Rate.

  • The Base Rate is derived from the Mid Rate and the Buy/Sell Spreads that you maintain for the currency pair in the exchange rate maintenance table.

  • The Base Rate is a fluctuating rate equal to the highest of (a) the federal funds rate plus 0.50%, (b) the prime rate as set by Bank of America, and (c) the Eurocurrency Rate plus 1.00%.

  • The components of the final exchange rate used for conversion are:• The Base Rate – this defaults from the exchange rate that you have maintained for the currency pair involved.


More Definitions of The Base Rate

The Base Rate means, at any time, the higher of the (i) Prime Rate or (ii) the Federal Funds Rate plus one-half of one percent (0.50%) per annum.
Sample 1
The Base Rate means that the rate of interest designated or announced by you from time to time as your "Base Rate" and used internally by you to calculate the interest payable to you under notes or other agreements providing for interest based on your Base Rate. The Base Rate is not necessarily the lowest rate granted by you; credit may be extended at interest rates both above and below the Base Rate. Principal shall be payable MONTHLY, BEGINNING MARCH 27, 1993_______________ ________________________________________________________________________________ Interest shall be payable MONTHLY, BEGINNING MARCH 27, 1993________________ ________________________________________________________________________________ COLLATERAL: 1976 CESSNA 172M, REGISTRATION NO. N80583, SERIAL NO. 17266659______ ________________________________________________________________________________ INSURANCE: If you require property insurance, I may obtain such insurance through the person of my choice.
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The Base Rate means the annual rate of interest for the time being chargeable under Section 22 of the Courts Axx 0000;
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The Base Rate means, for any day, the higher of (i) the per annum rate of interest determined by Citibank N.A. in New York City, from time to time, in its sole discretion, as its United States dollar prime commercial lending rate for such day and (ii) the sum of (A) the average rate charged to Citibank N.A. for overnight federal funds on such day (rounded upward, if necessary, to the nearest 1/100 of 1%) plus (B) 1/2%.
Sample 1
The Base Rate means the Bank’s internal benchmark for interest rates in relation to Kenya Shillings informed by the prevailing Treasury Bill rates. If the Interest rate on your loan is variable and will change from time to time as advised and/or as the Base Rate changes and/or changes in any other rate as prescribed by the Central Bank of Kenya and/or based on changes in your risk profile which will be reviewed periodically. If your interest rate is fixed, your loan interest will vary based on changes in your risk profile which will be reviewed periodically. If we vary the Interest rate, we will notify you of the effective date of the revised interest rate and give you reason- able notice of the change prior to imposition in accordance with the applicable laws. The notice will include the new interest rates to the extent possible and/or the change in the instalment amount, or tenor of your loan before the change takes effect. We will charge you Interest on the balance outstanding on your loan on a day to day basis, based on a 365 day year, and this will be applied in arrears on a monthly basis.
Sample 1

Related to The Base Rate

  • Applicable Base Rate means (i) with respect to a Rate Period of fewer than 49 days, the greater of (a) the SIFMA Municipal Swap Index or (b) the LIBOR Rate, and (ii) with respect to a Rate Period of 49 or more days, the LIBOR Rate.

  • 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.

  • Alternate Base Rate means, for any day, a rate per annum equal to the greater of (a) the Prime Rate in effect on such day and (b) the Federal Funds Effective Rate in effect on such day plus 1/2 of 1%. Any change in the Alternate Base Rate due to a change in the Prime Rate or the Federal Funds Effective Rate shall be effective from and including the effective date of such change in the Prime Rate or the Federal Funds Effective Rate, respectively.

  • CD Base Rate has the meaning set forth in Section 2.07(b).

  • 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.

  • Offshore Base Rate means the rate per annum appearing on Telerate Page 3750 (or any successor page) as the London interbank offered rate for deposits in Dollars at approximately 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period for a term comparable to such Interest Period. If for any reason such rate is not available, the Offshore Base Rate shall be, for any Interest Period, the rate per annum appearing on Reuters Screen LIBO Page as the London interbank offered rate for deposits in Dollars at approximately 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period for a term comparable to such Interest Period; provided, however, if more than one rate is specified on Reuters Screen LIBO Page, the applicable rate shall be the arithmetic mean of all such rates. If for any reason none of the foregoing rates is available, the Offshore Base Rate shall be, for any Interest Period, the rate per annum determined by Agent as the rate of interest at which dollar deposits in the approximate amount of the LIBOR Rate Loan comprising part of such Borrowing would be offered by the Bank's London Branch to major banks in the offshore dollar market at their request at or about 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period for a term comparable to such Interest Period.

  • Corporate Base Rate means a rate per annum equal to the corporate base rate of interest announced by First Chicago from time to time, changing when and as said corporate base rate changes.

  • 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.

  • 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.

  • 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.

  • Alternative Base Rate means the rate that has replaced LIBOR in customary market usage for determining floating interest rates in respect of bonds denominated in Dollars or, if the Independent Financial Adviser or the Issuer (in consultation with the Calculation Agent and acting in good faith and a commercially reasonable manner), as applicable, determines that there is no such rate, such other rate as the Independent Financial Adviser or the Issuer (in consultation with the Calculation Agent and acting in good faith and a commercially reasonable manner), as applicable, determines in its or the Issuer’s sole discretion is most comparable to LIBOR. If the Alternative Base Rate is determined, such Alternative Base Rate shall be the Alternative Base Rate for the remaining Interest Periods.

  • 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%.

  • Fixed Base Rate means, for each Disbursed Amount, the equivalent of the London interbank offered rate for six-month deposits in dollars for value on the Rate Fixing Date for such Disbursed Amount, expressed as a single fixed interest rate based on the fixed interest rates corresponding to the repayment installments of such Disbursed Amount, as reasonably determined by the Bank and expressed as a percentage per annum.

  • Canadian Base Rate means the rate determined by the Agent as the higher of (i) the annual rate of interest announced by the Agent (or any of its branches) as being its “prime rate” for determining interest rates on Canadian Dollar-denominated commercial loans made by it in Canada and (ii) the BA Rate (after giving effect to any minimum rate set forth in the definition thereof) for a one month BA Interest Period commencing on such day (or, if such day is not a Business Day, the immediately preceding Business Day) plus 1.00%.

  • Adjusted Base Rate means the Base Rate plus the Applicable Percentage.

  • Eurodollar Base Rate has the meaning specified in the definition of Eurodollar Rate.

  • Alternate Base Rate Loan means a Loan which bears interest at the Alternate Base Rate.

  • Reference Rate means the rate specified as such hereon.

  • Alternate Base Rate Advance means an Advance which bears interest at the Alternate Base Rate.

  • Interest Rate Basis means the Base Rate or the Eurodollar Basis, as applicable.

  • Alternate Base Rate Loans means Loans that bear interest at an interest rate based on the Alternate Base Rate.

  • Eurocurrency Base Rate has the meaning specified in the definition of Eurocurrency Rate.

  • CMS Rate means the applicable swap rate for swap transactions in the Reference Currency with a maturity of the Designated Maturity, expressed as a percentage, which appears on the Relevant Screen Page as at the Specified Time on the relevant Interest Determination Date in question, all as determined by the Calculation Agent.

  • Adjusted LIBOR Rate means, at any time with respect to any LIBOR Loan, a rate per annum equal to the LIBOR Rate as in effect at such time plus the Applicable Margin Percentage for LIBOR Loans as in effect at such time.

  • Base Rate Margin has the meaning set forth in the definition of Applicable Margin.

  • Eurodollar Rate with respect to each day during each Interest Period pertaining to a Eurodollar Loan, a rate per annum determined for such day in accordance with the following formula (rounded upward to the nearest 1/100th of 1%): Eurodollar Base Rate