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Base Rate
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Base Rate
. The greater of (a) the fluctuating
annual rate of interest
announced
from time to time
by the Agent
at the Agent’s
Head Office
as its “
prime rate
”, (b) one half of one percent (0.5%) above the
Federal Funds Effective Rate
, and (c) LIBOR for an Interest
Period of
one (1) month plus one percent (1.0%). The Base Rate is a
reference rate
used
by the lender
acting as Agent
in determining
interest rates
on
certain loans
and is not intended to be the lowest rate of
interest charged
by the lender acting as the Agent or any
other lender
on
any extension of credit
to any debtor.
Any change
in
the rate
of
interest payable
hereunder
resulting from
a change in
the Base Rate shall
become effective
as of 12:01 a.m. on the
Business Day
on which such change in the Base Rate becomes effective, without
notice or demand
of any kind.
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Base Rate
. The higher of (a) the
annual rate of interest
announced
from time to time
by BKB at its
head office
in Boston, Massachusetts, as its "base rate" and (b) one-half of one percent (1/2%) above the
Federal Funds Effective Rate
.
For the purposes of
this definition, "Federal Funds Effective Rate" shall mean for any day,
the rate
per annum
equal to
the
weighted average
of the rates on overnight federal funds transactions with
members of the
Federal Reserve System
arranged by federal funds brokers, as published for such day (or, if such day is
not a Business Day
, for the next preceding Business Day) by the
Federal Reserve Bank of New York
, or, if such rate is not so published for any day that is a Business Day, the average of the quotations for such day on such transactions received
by the Agent
from
three funds
brokers of recognized standing selected by the Agent.
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Base Rate
. For any day a fluctuating rate
per annum
equal to
the higher of (a)
the Federal Funds Rate
plus 1/2 of 1% and (b) the
rate of interest
in effect
for such day as
publicly announced
from time to time
by
Bank of America
as its “
prime rate
.” The “prime rate” is a rate set by Bank of America based upon various factors including Bank of America’s costs and desired return, general
economic conditions
and
other factors
, and is used as a
reference point
for pricing some loans, which may be priced at, above, or below such
announced rate
. Any
change in
such rate announced by Bank of America shall take effect at the opening of business on
the day
specified in the
public announcement
of such change.
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Base Rate
. The greater of (a) the
annual rate of interest
announced
from time to time
by BankBoston at its
head office
in Boston, Massachusetts as its "base rate" or (b) one-half of one percent (0.5%) above the
Federal Funds Effective Rate
(rounded upwards, if necessary, to the next one-eighth of one percent).
Any change
in
the rate
of
interest payable
hereunder
resulting from
a change in
the Base Rate shall become
effective as of the
opening of business on
the day
on which such change in the Base Rate becomes effective.
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Base Rate
the basic
customs duty
from which the
tariff elimination
program starts;
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Base Rate
. Base Rate" means a rate of interest
equal to
two percent (2.0%) above the "
Prime Rate of Interest
".
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Base Rate
. Borrower may prepay principal on any portion of this Note which bears interest determined
in relation to
the Base Rate
at any time
, in any amount and
without penalty
.
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Base Rate
. The greater of (i) the
rate of interest
announced
from time to time
by the Bank
at its
head office
as its Base Rate, and (ii) the
Federal Funds Effective Rate
plus 1/2 of 1%
per annum
(rounded upwards, if necessary, to the next 1/8 of 1%).
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Base Rate
. The greater of (a) the
Applicable Margin for Base Rate Loans
plus the greater of (i) the fluctuating
annual rate of interest
announced
from time to time
by the Agent
at the Agent’s
Head Office
as its “
prime rate
”, or (ii) one half of one percent (0.50%) above the
Federal Funds Effective Rate
, or (b) the
sum of
LIBOR with an Interest
Period of
one (1) month
based on
the then
applicable LIBOR
determined for such Interest Period) plus the then Applicable Margin for
LIBOR Rate Loans
. The Base Rate is a
reference rate
and does not necessarily represent the lowest or best rate being charged to any customer.
Any change
in
the rate
of
interest payable
hereunder
resulting from
a change in
the Base Rate shall become
effective as of the
opening of business on
the day
on which such change in the Base Rate becomes effective, without
notice or demand
of any kind. Base Rate Loans. Collectively, the
Term Base Rate Loans
.
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Base Rate
. The
annual rate of interest
announced
from time to time
by Agent
at Agent's
Head Office
as its "base rate".
Any change
in
the rate
of
interest payable
hereunder
resulting from
a change in
the Base Rate shall become
effective as of the
opening of business on
the day
on which such change in the Base Rate becomes effective.
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