Reference Rate. (a) The Reference Rate on any Auction Date with respect to Bonds in any Auction Rate Period of 35 days or less shall be the offered rate for deposits in U.S. dollars for a one-month period which appears on the MoneyLine Telerate Page 3750 at approximately 11:00 A.M., London time, on such date, or if such date is not a date on which dealings in U.S. dollars are transacted in the London interbank market, then on the preceding day on which such dealings were transacted in such market. The Reference Rate with respect to Bonds in any Auction Rate Period of more than 35 days shall be the rate on the most recently auctioned Treasury securities having a maturity which most closely approximates the length of the Auction Rate Period, as last published in The Wall Street Journal. If either rate is unavailable, the Reference Rate shall be an index or rate agreed to by all Broker-Dealers and consented to by the Company.
Reference Rate. The rate of interest publicly announced from time to time by Bank of America National Trust and Savings Association in San Francisco, California, as its reference rate. The Reference Rate is set by Bank of America National Trust and Savings Association based upon various factors, including Bank of America National Trust and Savings Association's costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans. Bank of America National Trust and Savings Association may price loans at, above or below the Reference Rate. Any change in the Reference Rate shall take effect at the opening of business on the day specified in the public announcement of such change.
Reference Rate. The Reference Rate shall mean the per annum rate of interest announced by the Administrative Agent from time to time at its corporate headquarters as its “Reference Rate.” The Reference Rate is an index rate determined by the Administrative Agent from time to time as a means of pricing certain extensions of credit and is neither directly tied to any external rate of interest or index nor necessarily the lowest rate of interest charged by the Administrative Agent at any given time. Any change in the Reference Rate announced by the Administrative Agent shall take effect at the opening of business on the day specified in the public announcement of such change.
Reference Rate. The unpaid principal amount of each Reference Rate Loan shall bear interest at a rate per annum which shall from day to day be equal to the Reference Rate in effect from day to day plus the Reference Rate Applicable Margin.
Reference Rate. The reference rate for a year is determined on the basis of the month-end, nominal rate of interest earned on long-term bonds issued by the Government of Canada for the month of November preceding the beginning of the fiscal year, as compiled by Statistics Canada and published in the Bank of Canada Review under identification number B-14013 in the CANSIM system, adjusted by applying successively to that rate the following adjustments:
Reference Rate. 8.1.2 If any day during the Interest Period for a Utilisation is not an RFR Banking Day, the rate of interest on that Utilisation for that day will be the rate applicable to the immediately preceding RFR Banking Day.
Reference Rate. The national prime fluctuating rate of interest published from time to time in The Wall Street Journal (whether or not charged or published by the Bank). It is a rate recognized by the Bank based on various factors, including the Bank's costs and desired return, general economic conditions and other factors and is used as a reference point by the Bank for pricing some loans. The Bank may price loans at, above or below the Reference Rate. Any change in the Reference Rate will take effect, without notice (which notice is hereby waived), on the day such change is published in The Wall Street Journal.
Reference Rate. (a) The Reference Rate on any Auction Date with respect to Bonds in any Auction Period of less than 180 days shall be LIBOR. The Reference Rate with respect to Bonds in any Auction Period of 180 days or more shall be the greater of LIBOR or the rate on United States Treasury Securities having a maturity which most closely approximates the length of the Auction Period, as last published in The Wall Street Journal. If either rate is unavailable, the Reference Rate shall be an index or rate agreed to by all Broker-Dealers and consented to by the Borrower.
Reference Rate. If Borrower fails to elect a LIBOR Rate at any time Borrower requests an advance under the Note, or fails to select a new or renewal Rate Period prior to the expiration of a Rate Period applicable to a particular advance, or if Borrower fails to designate a Rate Period applicable to any LIBOR Rate election, the rate of interest applicable to the loan advance as to which such failure occurs shall automatically revert to a per annum variable rate of interest equal to the Reference Rate (as defined in the Note) in effect from time to time. With respect to any advance then accruing interest at a LIBOR Rate, the Reference Rate will begin to accrue as of the expiration of any Rate Period then or therefore expiring, and continuing until Borrower makes a valid election for a new LIBOR Rate and Rate Period, at which time the interest rate due under the Note with respect to such advance shall be based on the LIBOR Rate in effect at the time of Borrower's election as hereinabove provided for the corresponding Rate Period. Except as herein otherwise expressly provided, the Note has not been otherwise modified and remains in full force and effect. ("Borrower") KORN/FERRY INTERNATIONAL By: /s/ Xxxxxx X Xxxxx ------------------------------- XXXXXX X. XXXXX, TREASURER
Reference Rate. Advances under the Revolving Credit Facilities shall bear interest during each quarter at a rate per annum equal to the Reference Rate plus the percentage points set forth below corresponding to the ratio set forth below as of the end of the immediately preceding quarterly accounting period. -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Total Funded Debt/Trailing Reference Rate Spread LIBOR Rate Spread Four Quarter EBITDA -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- >1.75:1 0.25% 2.00% -------------------------------------------------------------------------------- > or equal to 1.75:1>1.00 0.125% 1.875% -------------------------------------------------------------------------------- < or equal to 1.00 0.00% 1.75% -------------------------------------------------------------------------------- --------------------------------------------------------------------------------
