Base Rate Interest Rate definition
Base Rate Interest Rate means a per annum rate of interest equal to the Base Rate plus the Base Rate Spread.
Examples of Base Rate Interest Rate in a sentence
If such notice is given, the Loan, commencing with the first (1st) day of the next succeeding Interest Accrual Period, shall be converted to a Base Rate Loan bearing interest based on the Base Rate Interest Rate in effect on the related Determination Date, and thereafter the Interest Rate shall be the Base Rate Interest Rate.
Upon repurchase of more than fifty percent (50%) of the Existing Senior Indebtedness, the Borrower shall enter into an interest rate protection arrangement with BKB with a principal amount protected of at least $15,000,000.00 at the Base Rate ("Interest Rate Protection Agreement").