Adjusted Base Rate definition

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

Adjusted 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 Adjusted 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.

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

Examples of Adjusted Base Rate in a sentence

• Subject to Section 3.1(b), (i) all Base Rate Loans shall accrue interest at the Adjusted Base Rate, (ii) all SOFR Loans shall accrue interest at Adjusted Term SOFR plus the Applicable Percentage and (iii) all Swing Line Loans shall bear interest at (A) the Adjusted Base Rate or (B) Adjusted Daily Simple SOFR plus the Applicable Percentage for SOFR Swing Line Loans, as requested by the Borrower.

• Subject to Section 3.1(b), (i) all Base Rate Loans shall accrue interest at the Adjusted Base Rate, (ii) all SOFR Loans shall accrue interest at Adjusted Term SOFR plus the Applicable Percentage and (iii) all Swing Line Loans shall bear interest at (A) the Adjusted Base Rate or (B) the Adjusted Daily Simple SOFR plus the Applicable Percentage for SOFR Swing Line Loans, as requested by the Borrower.

More Definitions of Adjusted Base Rate

Adjusted Base Rate means, for any day, the fluctuating rate per annum of interest equal to the greatest of (a) the Wall Street Journal Rate in effect on such day, (b) the Federal Funds Rate in effect on such day plus 0.50%, and (c) the Daily One-Month LIBOR plus 1.00%. Any change in the Adjusted Base Rate due to a change in the Wall Street Journal Rate, Daily One-Month LIBOR or the Federal Funds Rate shall be effective on the effective date of such change in the Wall Street Journal Rate, Daily One-Month LIBOR or the Federal Funds Rate.

Adjusted Base Rate means the Base Rate plus the Applicable Percentage for Base Rate Loans.

Adjusted Base Rate means, on any day, the Base Rate for such day plus the Base Rate Margin for such day, provided that the Adjusted Base Rate charged by any Person shall never exceed the Highest Lawful Rate.

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

Adjusted Base Rate means a floating interest rate equal to the sum of (i) the LIBOR Market Index Rate, plus (ii) the Base Rate Applicable Margin in effect from time to time.

Adjusted Base Rate means that rate of interest equal to the Base Rate plus the Applicable Margin.

Adjusted Base Rate means, for any day and any Base Rate Loan, an interest rate per annum equal to the greater of (a) the Federal Funds Rate for such day plus one-half of one percent (0.5%) and (b) the Base Rate for such day; such rate to be computed on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed (including the first day but excluding the last day) during the period for which payable, but in no event shall such rate at any time exceed the maximum rate of interest permitted by applicable law.