Alternate Reference Rate definition

Alternate Reference Rate means, on any date, a fluctuating rate of interest per annum equal to the higher of

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Alternate Reference Rate has the meaning set forth in Appendix B.

Alternate Reference Rate means, for any day, a rate of interest per annum equal to the higher of (i) the Reference Rate for such day and (ii) the sum of Federal Funds Effective Rate for such day plus 1/2% per annum.

Examples of Alternate Reference Rate in a sentence

The applicable interest rate for each Floating Rate Loan shall change simultaneously with each change in the Alternate Reference Rate.
All Alternate Reference Rate Loans and Eurodollar Loans and all payments of principal shall be recorded by the holder in its records or, at its option, on the schedule (or any continuation thereof) attached to this Note.
Each Noteholder shall notify the Indenture Trustee and the Issuer in writing of the applicable Note Interest Rate (including all of the components thereof (such as the Alternate Reference Rate, the Eurodollar Rate (Reserve Adjusted), the Reserve Percentage and the Commercial Paper Rate, as applicable)) on or before 1:00 p.m. (New York time) on such applicable date of determination, and such Note Interest Rate shall be deemed to have been in effect for the Accrual Period then ending.
All interest and fees shall be computed on the basis of the actual number of days (including the first day but excluding the last day) occurring during the period for which such interest or fee is payable over a year comprised of 360 days (or, in the case of interest on a Loan bearing interest at, or based upon, the Alternate Reference Rate, 365 days or, if appropriate, 366 days).
To the extent the Issuer is not reimbursed in full in accordance with the preceding sentence, the Borrower's Reimbursement Obligation shall accrue interest at a fluctuating rate equal to the lesser of (i) the Highest Lawful Rate or (ii) the Alternate Reference Rate, plus the Applicable Margin, plus a margin of 3% per annum, payable on demand.

More Definitions of Alternate Reference Rate

Alternate Reference Rate. 1 "Alternate Reference Rate Loan" 2 "Amended and Restated Declaration of Trust" 2 "Asset Coverage Ratio" 2 "Bank" 2 "Banking Day" 2 "Borrower" 2 "Breakage Date" 2 "Capitalized Lease" 2 "Code" 2 "Commitment Letter" 2 "Credit" 2 "Dollars" 2 "ERISA" 3 "ERISA Affiliate" 3 "Eurocurrency Reserve Requirement" 3 "Eurodollar Loan" 3 "Eurodollar Office" 3 "Event of Default" 3 "Federal Funds Effective Rate" 4 "Federal Reserve Board" 4 "Fiscal Quarter" 4 "Fiscal Year" 4 "GAAP" 4 "Impermissible Change of Control" 4 "Indebtedness" 4 "Interbank Rate" 5 "Interbank Rate (Reserve Adjusted)" 5 "Interest Period" 5 "Lien" 6 "Loan" 6 "Material Adverse Change" 6 "Morg▇▇ ▇▇▇dit Agreement" 6 "Net Asset Value" 6 "Note" 6 _____________________ * The Table of Contents is not part of this Agreement.

Alternate Reference Rate means, on any date, a fluctuating rate of interest per annum equal to the higher of: (a) the rate then published as the prime rate in the Wall Street Journal; and (b) the Federal Funds Rate plus 0.50%.

Alternate Reference Rate means, for any day, a fluctuating rate per annum equal to the greater of (i) the Reference Rate in effect on such day or (ii) a rate per annum (rounded upward to the next highest 1/8 of 1% if not already an integral multiple of 1/8 of 1%) equal to the Federal Funds Effective Rate in effect on such day plus 1/4 of 1% per annum. If for any reason the Bank shall have determined (which determination shall be conclusive in the absence of manifest error) that it is unable to ascertain the Federal Funds Effective Rate for any reason (including, without limitation, the inability of the Bank to obtain sufficient bids or publications in accordance with the terms hereof), the Alternate Reference Rate shall be a fluctuating rate per annum equal to the Reference Rate in effect from time to time until the circumstances giving rise to such inability no longer exist.

Alternate Reference Rate. On any date of determination, a fluctuating rate of interest per annum equal to the higher of: (a) the rate of interest most recently announced by the Bank at its principal office in Atlanta, Georgia as its prime rate (it being understood that at any one time there shall exist only one such prime rate so announced), which rate is not necessarily intended to be the lowest rate of interest determined by the Bank in connection with extensions of credit; and (b) the Federal Funds Rate most recently determined by the Bank plus 0.50% per annum.

Alternate Reference Rate means, on any date and with respect to all Base Rate Loans, a fluctuating rate of interest per annum equal to the higher of

Alternate Reference Rate has the meaning set forth in APPENDIX B.

Alternate Reference Rate means at any time the greater of (a) the Federal Funds Rate plus 1/2 of 1% and (b) the Reference Rate.