Australian Base Rate means, for all Australian Swing Line Loans, on each day any such Australian Swing Line Loan is outstanding, a fluctuating rate per annum equal to the rate announced from time to time by the Reserve Bank of Australia as the “cash rate” at or about 10:30 a.m. (Sydney, Australia time) on such day. If such rate is not available at such time for any reason, then the “Australian Base Rate” shall be the rate per annum as otherwise agreed to by the applicable Australian Borrower and the Australian Swing Line Lender; provided that if such Australian Borrower and the Australian Swing Line Lender are unable to mutually agree on an acceptable rate, the Australian Swing Line Lender shall be under no obligation to provide Australian Swing Line Loans. Any change in such rate shall take effect at the opening of business on the Business Day of such change. If the Australian Base Rate shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement.
Australian Base Rate. For any day, a fluctuating rate per annum equal to (a) the RBA cash rate displayed at or about 10:30 a.m. (Sydney time) on such day on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time) plus (b) 3.00%. Any change in such RBA cash rate shall take effect at the opening of business on the day specified in the public announcement of such change.
Australian Base Rate means the greater of (a) Australian “cash rate” as determined by the Australian Reserve Bank Board, being the rate at which Australian banks borrow from and lend to each other on an overnight, unsecured basis as reflected at : xxxx://xxx.xxx.xxx.xx/ or (b) the Australian Bank Xxxx Rate for an Interest Period of one month plus one percent (1.00%) per annum. Any change in the Australian Base Rate shall take effect at the opening of business on the day specified in the public announcement of such change.
Examples of Australian Base Rate in a sentence
Committed Australian Loans shall be made in Dollars or Australian Dollars and shall be either Australian Base Rate Loans, LIBO Rate Loans (if in Dollars) or BBR Rate Loans, as the Australian Borrower or the Parent, on behalf of the Australian Borrower, may request subject to and in accordance with this Section 2.02.
Base Rate Loan: an Australian Base Rate Loan, Belgian Base Rate Loan, Canadian Base Rate Loan, Dutch Base Rate Loan, New Zealand Base Rate Loan, Norwegian Base Rate Loan, Singapore Base Rate Loan, UK Base Rate Loan and/or U.S. Base Rate Loan, as the context requires.
In addition to the lockout system, there must be an accompanying tag that identifies the operation and prohibits use.c. Cleaning.
The Australian Swingline Loans shall be Australian Base Rate Loans and bear interest as set forth in Section 3.1. Each Australian Swingline Loan shall constitute a Revolver Loan for all purposes except that payments thereon shall be made to the Australian Swingline Lender for its own account.
Each Swing Line Loan shall bear interest only at a rate based, in the case of Swing Line Loans denominated in U.S. Dollars, on Daily LIBORSOFR and, in the case of Swing Line Loans denominated in Australian Dollars, on the Australian Base Rate.
More Definitions of Australian Base Rate
Australian Base Rate means, with respect to U.S. Dollars funded outside the U.S., LIBOR as of 11.00 a.m. on the first Business Day in each month for a one month period, provided that to the extent a comparable or successor rate is approved by the Agent in connection herewith, the approved rate shall be applied in a manner consistent with market practice; provided, further that to the extent such market practice is not administratively feasible for the Agent, such approved rate shall be applied in a manner as otherwise reasonably determined by the Agent in consultation with Parent. Any change in such rate shall take effect at the opening of business on the day of such change.
Australian Base Rate means, with respect to Swing Line Loans denominated in Australian Dollars, on each day any such Swing Line Loan is outstanding, a fluctuating rate per annum equal to the rate announced from time to time by the Reserve Bank of Australia as the “cash rate” at or about 10:30 a.m. (Sydney time) on such day. If such rate is not available at such time for any reason, then the “Australian Base Rate” shall be the rate per annum as otherwise agreed to by the applicable Australian Borrower and
Australian Base Rate means, with respect to Swing Line Loans denominated in Australian Dollars, on each day any such Swing Line Loan is outstanding, a fluctuating rate per annum equal to the rate announced from time to time by the Reserve Bank of Australia as the “cash rate” at or about 10:30 a.m. (Sydney time) on such day. If such rate is not available at such time for any reason, then the “Australian Base Rate” shall be the rate per annum as otherwise agreed to by the applicable Australian Borrower and the Swing Line Lender; provided, that (x) if the Australian Borrower and the Swing Line Lender are unable to mutually agree on an acceptable rate, the Swing Line Lender shall be under no obligation to provide Swing Line Loans denominated in Australian Dollars and (y) if the Australian Base Rate shall be less than zero, such rate shall be deemed zero for purposes of this Agreement. Any change in such rate shall take effect at the opening of business on the Business Day of such change.
Australian Base Rate means, with respect to Swing Line Loans denominated in Australian Dollars, on each day any such Swing Line Loan is outstanding, a fluctuating rate per annum equal to the rate announced fromý time to time by the Reserve Bank of Australia as the “cash rate” at or about 10:30 a.m. (Sydneyý time) on such day. If such rate is not available at such time for any reason, then the “Australian Xxxxx Rate” shall be the rate per annum as otherwise agreed to by the applicable Australian Borrower and theý Swing Line Lender; provided, that (x) if the Australian Borrower and the Swing Lineý Lender are unable to mutually agree on an acceptable rate, the Swing Line Lender shall be under no obligation to provide Swing Line Loans denominated in Australian Dollars and (y) if the Australian Base Rate shall be less than zero, such rate shall be deemed zero for purposes of this Agreement. Any change in such rate shall take effect at the opening of business on the Business Day of such change.
Australian Base Rate means the greater of (a) Australian “cash rate” as determined by the Australian Reserve Bank Board, being the rate at which Australian banks borrow from and lend to each other on an overnight, unsecured basis as reflected at : http://www.rba.gov.au/ or (b) the Australian Bank Bill Rate for an Interest Period of one month plus one percent (1.00%) per annum. Any change in the Australian Base Rate shall take effect at the opening of business on the day specified in the public announcement of such change.
Australian Base Rate means the base commercial lending rate of interest charged by commercial banks as publicly announced by a bank located in Australia and selected by Agent in its sole discretion to be in effect from time to time, such rate to be adjusted automatically, without notice, on the effective date of any change in such rate.
Australian Base Rate means for any day, a fluctuating interest rate per annum (rounded upwards, if necessary, to the next 1/16 of 1%) publicly announced by Bank One, NA in Adelaide, Australia as its base rate (it being acknowledged that such announced rate may not necessarily be the lowest rate charged by Bank One, NA to any of its customers) in effect at its principal office in Adelaide, Australia; each change in the Australian Base Rate shall be effective on the date such change is publicly announced as being effective.