Base Interest Rates definition

Base Interest Rates means the complete set of rates identified and used by the Proposer in the Financial Model to calculate the Base Maximum Availability Payment and the First Year Maximum Availability Payment set forth in Appendix D-1A or D-1B, as appropriate. The Base Interest Rates shall be determined in accordance with Benchmark Interest Rates provided by the Proposer in accordance with Section 4.14. The Base Interest Rates do not include any credit spread, margin or fee components.

Base Interest Rates means the base rate of Barclays Bank plc1 or such other rate as Homes England determines (acting reasonably); Business Day means any day other than a Saturday, Sunday or statutory bank holiday in England; Claim means an application for Funding; Claim Form means the document in the form of the template annexed as Appendix 3 to be completed and provided by the Local Authority to the nominated Homes England contact at agreed intervals to claim Funding; Completion Date means the date by which the Project is actually completed to Homes England's reasonable satisfaction and in accordance with the terms of this Agreement.

Base Interest Rates means the base rate of Barclays Bank plc2 or such other rate as Homes England determines (acting reasonably);

Examples of Base Interest Rates in a sentence

• Base Interest Rates in the GSA Leasing Terms and Conditions are indexed to Treasury constant maturities as quoted in the Federal Statistical Release H.15 (519) as of the preceding date closest to the date of the Lease Quote.

• To carry out this mandate, Iowa's State Revolving Fund Loan Programs utilizes Base Interest Rates for Tax-Exempt and Taxable Standard Term loans (up to 20-year terms) that are re-calculated and published on the first business day each January, April, July, and October (the "Effective Date").

• The Sponsors will verify the respective Base Interest Rates to each Proposer independently.

• The Proposer provided Base Interest Rates in accordance with Section 4.14.

• Beginning October 1, 2023, Iowa’s SRF Loan Programs will utilize Base Interest Rates for Tax-Exempt and Taxable Standard Term SRF Loans (up to a 20-year term) that will be re-calculated and published on the first business day each January, April, July, and October (the “Effective Date”).

• Beginning October 1, 2023, Iowa’s State Revolving Fund Loan Programs will utilize Base Interest Rates for Tax-Exempt and Taxable Standard Term SRF Loans (up to a 20-year term) that will be re-calculated and published on the first business day each January, April, July, and October (the “Effective Date”).

• The Base Interest Rates will be calculated by taking 75 percent of the average Bloomberg BVAL General Obligation Municipal AAA 20-year yield (“BVAL”) for the calendar month immediately preceding the Effective Date.

• The valid Base Interest Rates for the period agreed in the Service Contract (during which the interest rate does not change) are available online at European Money Markets Institute official webpage and the Base Interest Rate applicable to the Service Contract is available on Digital Channels.

• The Proposer must price the Base Interest Rates at 10:00 a.m. EDT on the date two weeks prior to the Financial Proposal Due Date, and provide the Sponsors with all supporting information (including the screen from which the benchmark rate was extracted, the average life and / or drawdown and repayment profile) that would allow the Sponsors and their advisors to verify the reference interest Base Interest Rates.

• Proposers shall deliver this information in writing to the Designated Contact no later than the date set forth in Section 1.5. The Base Interest Rates shall be appended to the Agreement with the successful Proposer.

More Definitions of Base Interest Rates

Base Interest Rates means the Bond Financing Benchmark Rates plus Credit Spreads.

Base Interest Rates means the complete set of rates identified and used (together with the Base Credit Spreads) by the Proposer in the Original Financial Model to calculate the Maximum Availability Payment set forth in Appendix C-2 to this ITP. The Base Interest Rates shall be determined in accordance with ITP Section 6.5 based on the values of the Benchmark Interest Rates. The Base Interest Rates do not include any credit spread, margin or fee components and therefore exclude Base Credit Spreads.