Bank of England Base Rate definition

Bank of England Base Rate means the base lending rate most recently set by the Monetary Policy Committee of the Bank of England pursuant to Part 2 of Bank of England Act 1998.
Bank of England Base Rate means the Bank of England's official dealing rate (the repo rate) as set by the UK Monetary Policy Committee and in the event that such rate ceases to exist or becomes inappropriate as an index for the Base Rate Pledge such alternative rate or index, not controlled by the Seller, that the Seller considers to be the most appropriate in the circumstances;
Bank of England Base Rate means the rate announced from time to time by the Monetary Policy Committee of the Bank of England as the official dealing rate, being the rate at which the Bank is willing to enter into transactions for providing short-term liquidity in the money markets;

Examples of Bank of England Base Rate in a sentence

  • Bank of England Base Rate Tracker Loans includes loans issued at a discount or premium to base rate.

  • The ACD also reserves the right to apply interest charges at 4% above the Bank of England Base Rate on the value of any settlement not received by the end of the business day on the settlement date and thereafter.

  • It moves in line with the Bank of England Base Rate (we call this the Base Rate as we explain below) – when the Base Rate changes, you’ll see your simple rate change by exactly the same amount.

  • It moves in line with the Bank of England Base Rate (we call this the Base Rate as we explain below)–when the Base Rate changes, you’ll see your simple rate change by exactly the same amount.

  • Unpaid rent: Payment of interest for the late payment of rent at a rate of 3% above the Bank of England Base Rate.


More Definitions of Bank of England Base Rate

Bank of England Base Rate means the rate the Bank of England Monetary Policy Committee considers every month and publicly announces any changes to.
Bank of England Base Rate means the base lending rate most recently set by
Bank of England Base Rate means the Bank of England Official Bank Rate;
Bank of England Base Rate means the most recent published rate for deposits for a period equal to the Designated Maturity (as specified in the applicable Issue Terms) which appears on the Relevant Screen Page (as specified in the applicable Issue Terms) as of 5:00 p.m., London time, on the Interest Determination Date (as specified in the applicable Issue Terms) or, if such Relevant Screen Page is not available, such replacement page as the Calculation Agent shall select, or if the Calculation Agent determines no suitable replacement page exists, the rate determined by the Calculation Agent in good faith and in a commercially reasonable manner.
Bank of England Base Rate means the most recent published rate for deposits for a period equal to the Designated Maturity (as specified in the applicable Final Terms) which appears on the Relevant Screen Page (as specified in the applicable Final Terms) as of 5:00 p.m., London time, on the Interest Determination Date (as specified in the applicable Final Terms) or, if such Relevant Screen Page is not available, such replacement page as theCalculation Agent shall select, or if the Calculation Agent determines no suitable replacement page exists, the rate determined by the Calculation Agent in good faith and in a commercially reasonable manner. 5.3.3 Determination or Calculation by Trustee: If the Calculation Agent fails at any time to determine a Rate of Interest or to calculate an Interest Amount, the Trustee will determine such Rate of Interest and make such determination or calculation which shall be deemed to have been made by the Calculation Agent. In doing so, the Trustee shall apply all of the provisions of these Conditions with any necessary consequential amendments to the extent that, in its sole opinion and with absolute discretion, it can do so and in all other respects it shall do so in such manner as it shall deem fair and reasonable in all the circumstances and will not be liable for any loss, liability, cost, charge or expense which may arise as a result thereof. Any such determination or calculation made by the Trustee shall be binding on the Issuer, the Registrar, the Noteholders and the Trustee may rely on the advice of a professional adviser in making such determinations or calculations or appoint an agent on behalf of the Issuer to do so. All certificates, communications, opinions, determinations, calculations, quotations and decisions given, expressed, made or obtained for the purposes of the provisions of this Condition 5.3.3 by the Trustee, shall (in the absence of manifest error) be binding on the Issuer, the Registrar and all Noteholders and (in the absence of wilful default) no liability to the Issuer or the Noteholders shall attach to the Trustee in connection with the exercise or non–exercise by it of its powers, duties and discretions pursuant to such provisions. 5.3.4 Minimum Rate of Interest and/or Maximum Rate of Interest: If the applicable Final Terms specifies a Minimum Rate of Interest for any Interest Period, then, in the event that the Rate of Interest in respect of such Interest Period determined in accordance with the provisions of Condition 5....
Bank of England Base Rate means, a fluctuating rate per annum, for any day, equal to the interest per annum as set and published by the Bank of England known as the BOE Official Bank Rate (or any successor rate).
Bank of England Base Rate means the Bank of England official dealing rate (the Official Bank Rate) as set by the Monetary Policy Committee;