Absolute Rate definition

Absolute Rate means a fixed rate of interest expressed in multiples of 1/100th of one basis point.
Absolute Rate means, with respect to an Absolute Rate Loan made by a given Lender for the relevant Absolute Rate Interest Period, the rate of interest per annum (rounded to the nearest 1/100 of 1%) offered by such Lender and accepted by the Borrower.
Absolute Rate has the meaning given that term in Section 2.2.(c)(ii)(C).

Examples of Absolute Rate in a sentence

  • The contractor also agrees to submit a copy of the Monthly Project Workforce Report, Form AA-202 once a month thereafter for the duration of the contract to the Department of Labor Workforce and Development and to the board of education Public Agency Compliance Officer.All bidders should familiarize themselves with N.J.S.A. 10:5-31 et seq.

  • The Borrower may request the submission of Competitive Bids by delivering a Bid Request to the Administrative Agent not later than 12:00 noon (i) one Business Day prior to the requested date of any Bid Borrowing that is to consist of Absolute Rate Loans, or (ii) four Business Days prior to the requested date of any Bid Borrowing that is to consist of Eurodollar Margin Bid Loans.

  • Not later than 11:30 a.m. (i) on the requested date of any Bid Borrowing that is to consist of Absolute Rate Loans, and (ii) three Business Days prior to the requested date of any Bid Borrowing that is to consist of Eurodollar Margin Bid Loans, the Borrower shall notify the Administrative Agent of its acceptance or rejection of the offers notified to it pursuant to Section 2.03(d).

  • The Administrative Agent’s notice to the Borrower shall specify the aggregate principal amount of Competitive Bid Loans for which offers have been received for each Interest Period specified in the related Competitive Bid Quote Request and the respective principal amounts and Competitive LIBOR Margins or Absolute Rate, as the case may be, so offered.

  • The Administrative Agent's notice to the Borrower shall specify the aggregate principal amount of Competitive Bid Loans for which offers have been received for each Interest Period specified in the related Competitive Bid Quote Request and the respective principal amounts and Competitive LIBOR Margins or Absolute Rate, as the case may be, so offered.


More Definitions of Absolute Rate

Absolute Rate means an interest rate (rounded to the nearest .0001) expressed as a decimal.
Absolute Rate has the meaning specified in subsection 2.06(c).
Absolute Rate means a fixed rate of interest expressed in multiples of 1/100th of one percent.
Absolute Rate means a rate of interest per annum, expressed as a percentage to four decimal places and set forth in a Bid for a particular Bid Loan amount and a particular Loan Period.
Absolute Rate means a fixed annual rate, expressed as a percentage.
Absolute Rate is defined in Section 2.2(b)(iii).