Applicable Base Rate Sample Clauses
The 'Applicable Base Rate' clause defines the reference interest rate used to calculate variable interest payments under a financial agreement. Typically, this clause specifies which benchmark rate (such as LIBOR, SOFR, or a bank's prime rate) will be used, and may outline how the rate is determined or adjusted over time. By clearly establishing the base rate, this clause ensures transparency and consistency in interest calculations, reducing the risk of disputes over payment amounts.
Applicable Base Rate. The applicable rate per annum of interest on the Base Rate Loans as set forth in the Pricing Table. Applicable Eurodollar Rate. The applicable rate per annum of interest on the Eurodollar Loans shall be as set forth in the Pricing Table.
Applicable Base Rate. “Applicable Base Rate” means, for any given Credit Facility under this Agreement, the Applicable Index Rate plus the Applicable Margin.
Applicable Base Rate. The applicable rate per annum of interest on the Base Rate Loans as set forth in the Pricing Table. Applicable Eurodollar Rate. The applicable rate per annum of interest on the Eurodollar Loans shall be as set forth in the Pricing Table. Applicable Facility Fee Rate. The applicable rate per annum with respect to the Facility Fee shall be as set forth in the Pricing Table. Applicable L/C Rate. The applicable rate per annum on the Maximum Drawing Amount shall be as set forth in the Pricing Table. Applicable Requirements. See §7.10. Applicable Spot Rate. On any date, the quoted spot rate for conversion of U.S. Dollars to Canadian Dollars by the Administrative Agent or the respective Issuing Bank, as applicable, through its principal foreign exchange trading office at approximately 11:00 a.m. (New York time) on the date two Business Days prior to the date as of which the foreign exchange computation is made; provided that the Administrative Agent or such Issuing Bank may obtain such spot rate from another financial institution designated by the Administrative Agent or such Issuing Bank or from Reuters page 1 FED (or on any successor or substitute page of such service, or any successor to or substitute for such service providing rate quotations comparable to those currently provide on such page of such service); and provided further that an Issuing Bank may use such spot rate quoted on the date as of which the foreign exchange computation is made.