{"component": "definition", "props": {"groups": [{"snippet_links": [{"key": "per-annum", "type": "definition", "offset": [27, 36]}, {"key": "equal-to", "type": "definition", "offset": [37, 45]}, {"key": "the-prime-rate", "type": "definition", "offset": [65, 79]}, {"key": "in-effect", "type": "clause", "offset": [80, 89]}, {"key": "federal-funds-effective-rate", "type": "clause", "offset": [114, 142]}, {"key": "any-change", "type": "definition", "offset": [181, 191]}, {"key": "a-change-in", "type": "definition", "offset": [226, 237]}, {"key": "effective-from", "type": "definition", "offset": [298, 312]}, {"key": "date-of", "type": "clause", "offset": [341, 348]}], "snippet": "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%. 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Any change in the Alternate Base Rate due to a change in the Prime Rate, the NYFRB Rate or the Adjusted Term SOFR Rate shall be effective from and including the effective date of such change in the Prime Rate, the NYFRB Rate or the Adjusted Term SOFR Rate, respectively. If the Alternate Base Rate is being used as an alternate rate of interest pursuant to Section 2.14 (for the avoidance of doubt, only until the Benchmark Replacement has been determined pursuant to Section 2.14(b)), then the Alternate Base Rate shall be the greater of clauses (a) and (b) above and shall be determined without reference to clause (c) above. For the avoidance of doubt, if the Alternate Base Rate as determined pursuant to the foregoing would be less than 1.00%, such rate shall be deemed to be 1.00% for purposes of this Agreement.", "samples": [{"hash": "lUk6VTbnCmn", "uri": "/contracts/lUk6VTbnCmn#alternate-base-rate", "label": "Credit Agreement (Voyager Technologies, Inc./Tx)", "score": 37.5147171021, "published": true}, {"hash": "9tPE6mtyBjI", "uri": "/contracts/9tPE6mtyBjI#alternate-base-rate", "label": "Credit Agreement (Voyager Technologies, Inc./De)", "score": 36.8658447266, "published": true}, {"hash": "hTwzLZEPvuu", "uri": "/contracts/hTwzLZEPvuu#alternate-base-rate", "label": "Credit Agreement (InfuSystem Holdings, Inc)", "score": 36.5400428772, "published": true}], "size": 364, "hash": "889c34c81b429831bdda0eb5ce3aa0de", "id": 3}, {"snippet_links": [{"key": "per-annum", "type": "definition", "offset": [25, 34]}, {"key": "in-effect", "type": "clause", "offset": [47, 56]}, {"key": "from-time-to-time", "type": "clause", "offset": [57, 74]}, {"key": "at-all-times", "type": "clause", "offset": [96, 108]}, {"key": "equal-to", "type": "definition", "offset": [109, 117]}], "snippet": "means a fluctuating rate per annum as shall be in effect from time to time, which rate shall be at all times equal to the highest of:", "samples": [{"hash": "l5crU210RAx", "uri": "/contracts/l5crU210RAx#alternate-base-rate", "label": "Loan Financing and Servicing Agreement (PGIM Private Credit Fund)", "score": 37.3477058411, "published": true}, {"hash": "2xpGsBEeNe9", "uri": "/contracts/2xpGsBEeNe9#alternate-base-rate", "label": "Loan Financing and Servicing Agreement (Monroe Capital Enhanced Corporate Lending Fund)", "score": 36.9178657532, "published": true}, {"hash": "8TLzzTXtMgV", "uri": "/contracts/8TLzzTXtMgV#alternate-base-rate", "label": "Loan Financing and Servicing Agreement (Crestline Lending Solutions, LLC)", "score": 36.8412055969, "published": true}], "size": 312, "hash": "a7e63ab12c34ef79f48f17b3a63618db", "id": 4}, {"snippet_links": [{"key": "per-annum", "type": "definition", "offset": [27, 36]}, {"key": "equal-to", "type": "definition", "offset": [37, 45]}, {"key": "the-prime-rate", "type": "definition", "offset": [66, 80]}, {"key": "in-effect", "type": "clause", "offset": [81, 90]}, {"key": "federal-funds-effective-rate", "type": "clause", "offset": [112, 140]}, {"key": "adjusted-libo-rate", "type": "definition", "offset": [188, 206]}, {"key": "one-month", "type": "clause", "offset": [213, 222]}, {"key": "interest-period", "type": "clause", "offset": [223, 238]}, {"key": "not-a-business-day", "type": "clause", "offset": [270, 288]}, {"key": "provided-that", "type": "clause", "offset": [339, 352]}, {"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [354, 380]}, {"key": "based-on", "type": "clause", "offset": [426, 434]}, {"key": "the-rate", "type": "definition", "offset": [435, 443]}, {"key": "reuters-screen-libor01-page", "type": "definition", "offset": [457, 484]}, {"key": "page-of", "type": "clause", "offset": [520, 527]}, {"key": "london-time", "type": "clause", "offset": [567, 578]}, {"key": "any-change", "type": "definition", "offset": [592, 602]}, {"key": "a-change-in", "type": "definition", "offset": [637, 648]}, {"key": "effective-from", "type": "definition", "offset": [733, 747]}, {"key": "date-of", "type": "clause", "offset": [776, 783]}], "snippet": "means, for any day, a rate per annum equal to the greatest of (a) the Prime Rate in effect on such day, (b) the Federal Funds Effective Rate in effect on such day plus \u00bd of 1% and (c) the Adjusted LIBO Rate for a one month Interest Period on such day (or if such day is not a Business Day, the immediately preceding Business Day) plus 1%, provided that, for the avoidance of doubt, the Adjusted LIBO Rate for any day shall be based on the rate appearing on Reuters Screen LIBOR01 Page (or on any successor or substitute page of such page) at approximately 11:00 a.m. London time on such day. Any change in the Alternate Base Rate due to a change in the Prime Rate, the Federal Funds Effective Rate or the Adjusted LIBO Rate shall be effective from and including the effective date of such change in the Prime Rate, the Federal Funds Effective Rate or the Adjusted LIBO Rate, respectively.", "samples": [{"hash": "5G3RP8oCVPr", "uri": "/contracts/5G3RP8oCVPr#alternate-base-rate", "label": "Credit Agreement (Synchronoss Technologies Inc)", "score": 27.590007782, "published": true}, {"hash": "fK4QrBhPutu", "uri": "/contracts/fK4QrBhPutu#alternate-base-rate", "label": "Credit Agreement", "score": 26.8754272461, "published": true}, {"hash": "8ZdMysBFus6", "uri": "/contracts/8ZdMysBFus6#alternate-base-rate", "label": "Credit Agreement (Informatica Corp)", "score": 25.8459949493, "published": true}], "size": 275, "hash": "63a8ec13168052df7d4a7afb58329a82", "id": 5}, {"snippet_links": [{"key": "per-annum", "type": "definition", "offset": [27, 36]}, {"key": "equal-to", "type": "definition", "offset": [37, 45]}, {"key": "the-prime-rate", "type": "definition", "offset": [66, 80]}, {"key": "in-effect", "type": "clause", "offset": [81, 90]}, {"key": "federal-funds-effective-rate", "type": "clause", "offset": [112, 140]}, {"key": "adjusted-libo-rate", "type": "definition", "offset": [207, 225]}, {"key": "one-month", "type": "clause", "offset": [230, 239]}, {"key": "interest-periods", "type": "definition", "offset": [240, 256]}, {"key": "any-change", "type": "definition", "offset": [280, 290]}, {"key": "a-change-in", "type": "definition", "offset": [325, 336]}, {"key": "effective-from", "type": "definition", "offset": [421, 435]}, {"key": "date-of", "type": "clause", "offset": [464, 471]}], "snippet": "means, for any day, a rate per annum equal to the greatest of (a) the Prime Rate in effect on such day, (b) the Federal Funds Effective Rate in effect on such day plus 1/2 of 1%, and (c) the then applicable Adjusted LIBO Rate for one month interest periods, plus 1.00% per annum. 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Any change in the Alternate Base Rate due to a change in the Prime Rate, the NYFRB Rate or the Adjusted LIBO Rate shall be effective from and including the effective date of such change in the Prime Rate, the NYFRB Rate or the Adjusted LIBO Rate, respectively. If the Alternate Base Rate is being used as an alternate rate of interest pursuant to Section 2.14 hereof, then the Alternate Base Rate shall be the greater of clause (a) and (b) above and shall be determined without reference to clause (c) above. For the avoidance of doubt, if the Alternate Base Rate shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement.", "samples": [{"hash": "b5Ickab4LRG", "uri": "/contracts/b5Ickab4LRG#alternate-base-rate", "label": "Credit Agreement (Pattern Group Inc.)", "score": 34.6386032104, "published": true}, {"hash": "Nbo0x8xU3y", "uri": "/contracts/Nbo0x8xU3y#alternate-base-rate", "label": "Credit Agreement (Pattern Group Inc.)", "score": 34.2060241699, "published": true}, {"hash": "2xQs8HeDjNi", "uri": "/contracts/2xQs8HeDjNi#alternate-base-rate", "label": "Credit Agreement (Virtusa Corp)", "score": 30.7905540466, "published": true}], "size": 247, "hash": "45d72b218c424576a977720255ecd570", "id": 7}, {"snippet_links": [{"key": "per-annum", "type": "definition", "offset": [27, 36]}, {"key": "equal-to", "type": "definition", "offset": [37, 45]}, {"key": "the-prime-rate", "type": "definition", "offset": [64, 78]}, {"key": "in-effect", "type": "clause", "offset": [79, 88]}, {"key": "federal-funds-effective-rate", "type": "clause", "offset": [113, 141]}, {"key": "any-change", "type": "definition", "offset": [180, 190]}, {"key": "a-change-in", "type": "definition", "offset": [225, 236]}, {"key": "effective-from", "type": "definition", "offset": [297, 311]}, {"key": "date-of", "type": "clause", "offset": [340, 347]}], "snippet": "means, for any day, a rate per annum equal to the higher 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 Alternate 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.", "samples": [{"hash": "bSJLRn7Gg96", "uri": "/contracts/bSJLRn7Gg96#alternate-base-rate", "label": "Credit Agreement (Sherwin Williams Co)", "score": 32.5838470459, "published": true}, {"hash": "aQewimsBsXC", "uri": "/contracts/aQewimsBsXC#alternate-base-rate", "label": "Continuing Agreement for Standby Letters of Credit", "score": 31.3408622742, "published": true}, {"hash": "30eIef95eFZ", "uri": "/contracts/30eIef95eFZ#alternate-base-rate", "label": "Credit Agreement (Sherwin Williams Co)", "score": 28.6933612823, "published": true}], "size": 232, "hash": "ac515437aed8e01e8381b4cb152c8a12", "id": 8}, {"snippet_links": [{"key": "per-annum", "type": "definition", "offset": [27, 36]}, {"key": "equal-to", "type": "definition", "offset": [37, 45]}, {"key": "the-prime-rate", "type": "definition", "offset": [66, 80]}, {"key": "in-effect", "type": "clause", "offset": [81, 90]}, {"key": "federal-funds-effective-rate", "type": "clause", "offset": [112, 140]}, {"key": "adjusted-libo-rate", "type": "definition", "offset": [190, 208]}, {"key": "one-month", "type": "clause", "offset": [215, 224]}, {"key": "interest-period", "type": "clause", "offset": [225, 240]}, {"key": "not-a-business-day", "type": "clause", "offset": [272, 290]}, {"key": "provided-that", "type": "clause", "offset": [341, 354]}, {"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [356, 382]}, {"key": "based-on", "type": "clause", "offset": [428, 436]}, {"key": "the-rate", "type": "definition", "offset": [437, 445]}, {"key": "reuters-screen-libor01-page", "type": "definition", "offset": [459, 486]}, {"key": "page-of", "type": "clause", "offset": [522, 529]}, {"key": "london-time", "type": "clause", "offset": [569, 580]}, {"key": "any-change", "type": "definition", "offset": [594, 604]}, {"key": "a-change-in", "type": "definition", "offset": [639, 650]}, {"key": "effective-from", "type": "definition", "offset": [735, 749]}, {"key": "date-of", "type": "clause", "offset": [778, 785]}], "snippet": "means, for any day, a rate per annum equal to the greatest of (a) the Prime Rate in effect on such day, (b) the Federal Funds Effective Rate in effect on such day plus 1/2 of 1% and (c) the Adjusted LIBO Rate for a one month Interest Period on such day (or if such day is not a Business Day, the immediately preceding Business Day) plus 1%, provided that, for the avoidance of doubt, the Adjusted LIBO Rate for any day shall be based on the rate appearing on Reuters Screen LIBOR01 Page (or on any successor or substitute page of such page) at approximately 11:00 a.m. London time on such day. Any change in the Alternate Base Rate due to a change in the Prime Rate, the Federal Funds Effective Rate or the Adjusted LIBO Rate shall be effective from and including the effective date of such change in the Prime Rate, the Federal Funds Effective Rate or the Adjusted LIBO Rate, respectively.", "samples": [{"hash": "keO84vM5xlK", "uri": "/contracts/keO84vM5xlK#alternate-base-rate", "label": "Credit Agreement (Signet Jewelers LTD)", "score": 25.4052028656, "published": true}, {"hash": "9laXtoORJQA", "uri": "/contracts/9laXtoORJQA#alternate-base-rate", "label": "Credit Agreement (National General Holdings Corp.)", "score": 24.597536087, "published": true}, {"hash": "b5PfIfU6Kpx", "uri": "/contracts/b5PfIfU6Kpx#alternate-base-rate", "label": "Credit Agreement (Watsco Inc)", "score": 24.5838470459, "published": true}], "size": 214, "hash": "2e3ef630c17bf0ee0c7103dfc2154dc8", "id": 9}, {"snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [23, 38]}, {"key": "base-rate-loans", "type": "clause", "offset": [43, 58]}, {"key": "rate-of-interest", "type": "definition", "offset": [74, 90]}, {"key": "per-annum", "type": "definition", "offset": [91, 100]}, {"key": "equal-to", "type": "definition", "offset": [164, 172]}], "snippet": "means, on any date and with respect to all Base Rate Loans, a fluctuating rate of interest per annum (rounded upward, if necessary, to the next highest 1/16 of 1%) equal to the higher of", "samples": [{"hash": "iYAuaEQ8rNd", "uri": "/contracts/iYAuaEQ8rNd#alternate-base-rate", "label": "First Lien Credit Agreement (Standard Register Co)", "score": 24.5838470459, "published": true}, {"hash": "hnSwWbHTnO3", "uri": "/contracts/hnSwWbHTnO3#alternate-base-rate", "label": "Second Lien Credit Agreement (Standard Register Co)", "score": 24.5838470459, "published": true}, {"hash": "1OeCp7VRiN8", "uri": "/contracts/1OeCp7VRiN8#alternate-base-rate", "label": "Term Loan Credit Agreement (Standard Register Co)", "score": 24.1937026978, "published": true}], "size": 203, "hash": "3d99c428092b1d65204c4b44d795f851", "id": 10}], "next_curs": "CmASWmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjwLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIcYWx0ZXJuYXRlLWJhc2UtcmF0ZSMwMDAwMDAwYQyiAQJlbhgAIAA=", "definition": {"title": "Alternate Base Rate", "snippet": "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 Alternate 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.", "size": 15570, "id": "alternate-base-rate", "examples": ["The applicable <strong>Alternate Base Rate</strong>, Term SOFR, EURIBOR or \u20acSTR shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error.", "The Administrative Agent and its affiliates or other related entities may engage in transactions that affect the calculation of the <strong>Alternate Base Rate</strong>, Term SOFR, the Term SOFR Reference Rate, EURIBOR, or \u20acSTR any alternative, successor or replacement rate (including any Benchmark Replacement) or any relevant adjustments thereto, in each case, in a manner adverse to the Borrower."], "related": [["corporate-base-rate", "Corporate Base Rate", "Corporate Base Rate"], ["base-rate-basis", "Base Rate Basis", "Base Rate Basis"], ["alternate-base-rate-loan", "Alternate Base Rate Loan", "<strong>Alternate Base Rate</strong> Loan"], ["alternative-base-rate", "Alternative Base Rate", "Alternative Base Rate"], ["us-base-rate", "U.S. Base Rate", "U.S. Base Rate"]], "related_snippets": [], "updated": "2026-07-18T04:26:07+00:00"}, "json": true, "cursor": ""}}