{"component": "definition", "props": {"groups": [{"samples": [{"hash": "b9u470RJ2kd", "uri": "/contracts/b9u470RJ2kd#base-rate", "label": "Credit Agreement (Clear Channel Outdoor Holdings, Inc.)", "score": 37.3750839233, "published": true}, {"hash": "9s5WOSXJPuw", "uri": "/contracts/9s5WOSXJPuw#base-rate", "label": "Credit Agreement (Clear Channel Outdoor Holdings, Inc.)", "score": 37.2792625427, "published": true}, {"hash": "9VA7j72dtcN", "uri": "/contracts/9VA7j72dtcN#base-rate", "label": "Letter of Credit Agreement (Pacificorp /Or/)", "score": 37.2600975037, "published": true}], "snippet": "means a fluctuating interest rate per annum in effect from time to time, which rate per annum shall at all times be equal to the highest of:", "size": 2137, "snippet_links": [{"key": "interest-rate-per-annum", "type": "definition", "offset": [20, 43]}, {"key": "in-effect", "type": "clause", "offset": [44, 53]}, {"key": "from-time-to-time", "type": "clause", "offset": [54, 71]}, {"key": "at-all-times", "type": "definition", "offset": [100, 112]}, {"key": "equal-to", "type": "definition", "offset": [116, 124]}], "hash": "8611eff51534c3d4a4ccdc0601f1cf5b", "id": 1}, {"samples": [{"hash": "fuDkRZKGxp", "uri": "/contracts/fuDkRZKGxp#base-rate", "label": "Credit Agreement (Johnson Controls Inc)", "score": 22.081451416, "published": true}, {"hash": "iC4v3TfiNIb", "uri": "/contracts/iC4v3TfiNIb#base-rate", "label": "Credit Agreement (Consolidated Edison Inc)", "score": 21.5941143036, "published": true}, {"hash": "nq8jbnFOeL", "uri": "/contracts/nq8jbnFOeL#base-rate", "label": "Credit Agreement (Lincoln National Corp)", "score": 21.0, "published": true}], "snippet": "means, for any day, a rate per annum equal to the higher of (i) the Prime Rate for such day and (ii) the sum of 1/2 of 1% plus the Federal Funds Rate for such day.", "size": 1226, "snippet_links": [{"key": "per-annum", "type": "definition", "offset": [27, 36]}, {"key": "equal-to", "type": "definition", "offset": [37, 45]}, {"key": "the-prime-rate", "type": "definition", "offset": [64, 78]}, {"key": "sum-of", "type": "clause", "offset": [105, 111]}, {"key": "the-federal-funds-rate", "type": "definition", "offset": [127, 149]}], "hash": "c8d1dfacdd39407f09e61df13ecf722c", "id": 2}, {"samples": [{"hash": "k0xxu2SJsxI", "uri": "/contracts/k0xxu2SJsxI#base-rate", "label": "Credit Agreement", "score": 34.1455497742, "published": true}, {"hash": "ek0pISTHmIW", "uri": "/contracts/ek0pISTHmIW#base-rate", "label": "Credit Agreement (TreeHouse Foods, Inc.)", "score": 32.247089386, "published": true}, {"hash": "3sAlYkrIpbE", "uri": "/contracts/3sAlYkrIpbE#base-rate", "label": "Credit Agreement (TreeHouse Foods, Inc.)", "score": 32.1232032776, "published": true}], "snippet": "means for any day a fluctuating rate per annum equal to the highest of (a) the Federal Funds Rate plus 1/2 of 1%, (b) the rate of interest in effect for such day as publicly announced from time to time by Bank of America as its \u201cprime rate,\u201d and (c) the Eurodollar Rate plus 1.00%. 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Any change in such prime rate announced by Bank of America shall take effect at the opening of business on the day specified in the public announcement of such change.", "size": 888, "snippet_links": [{"key": "per-annum", "type": "definition", "offset": [37, 46]}, {"key": "equal-to", "type": "definition", "offset": [47, 55]}, {"key": "the-federal-funds-rate", "type": "definition", "offset": [75, 97]}, {"key": "rate-of-interest", "type": "clause", "offset": [122, 138]}, {"key": "in-effect", "type": "clause", "offset": [139, 148]}, {"key": "publicly-announced", "type": "definition", "offset": [165, 183]}, {"key": "from-time-to-time", "type": "clause", "offset": [184, 201]}, {"key": "bank-of-america", "type": "definition", "offset": [205, 220]}, {"key": "prime-rate", "type": "definition", "offset": [229, 239]}, {"key": "eurodollar-rate", "type": "clause", "offset": [254, 269]}, {"key": "economic-conditions", "type": "clause", "offset": [421, 440]}, {"key": "other-factors", "type": "clause", "offset": [445, 458]}, {"key": "reference-point", "type": "definition", "offset": [477, 492]}, {"key": "announced-rate", "type": "definition", "offset": [562, 576]}, {"key": "change-in", "type": "clause", "offset": [582, 591]}, {"key": "the-day", "type": "definition", "offset": [685, 692]}, {"key": "public-announcement", "type": "clause", "offset": [710, 729]}], "hash": "6fb47ee80eb851df5d70c9f5e11d4c4f", "id": 3}, {"samples": [{"hash": "hiJDs405HXH", "uri": "/contracts/hiJDs405HXH#base-rate", "label": "Credit Agreement (Exponential Interactive, Inc.)", "score": 23.308008194, "published": true}, {"hash": "jOrZjVEP3OS", "uri": "/contracts/jOrZjVEP3OS#base-rate", "label": "Credit Agreement (Exponential Interactive, Inc.)", "score": 23.2039699554, "published": true}, {"hash": "chSlXB76Jjs", "uri": "/contracts/chSlXB76Jjs#base-rate", "label": "Credit Agreement (Buckeye Technologies Inc)", "score": 22.3908290863, "published": true}], "snippet": "means for any day a fluctuating rate per annum equal to the higher of (a) the Federal Funds Rate plus 1/2 of 1% and (b) the rate of interest in effect for such day as publicly announced from time to time by Bank of America as its \u201cprime rate.\u201d The \u201cprime rate\u201d is a rate set by Bank of America based upon various factors including Bank of America\u2019s costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans, which may be priced at, above, or below such announced rate. Any change in such rate announced by Bank of America shall take effect at the opening of business on the day specified in the public announcement of such change.", "size": 819, "snippet_links": [{"key": "per-annum", "type": "definition", "offset": [37, 46]}, {"key": "equal-to", "type": "definition", "offset": [47, 55]}, {"key": "the-federal-funds-rate", "type": "definition", "offset": [74, 96]}, {"key": "rate-of-interest", "type": "clause", "offset": [124, 140]}, {"key": "in-effect", "type": "clause", "offset": [141, 150]}, {"key": "publicly-announced", "type": "definition", "offset": [167, 185]}, {"key": "from-time-to-time", "type": "clause", "offset": [186, 203]}, {"key": "bank-of-america", "type": "definition", "offset": [207, 222]}, {"key": "prime-rate", "type": "definition", "offset": [231, 241]}, {"key": "economic-conditions", "type": "clause", "offset": [383, 402]}, {"key": "other-factors", "type": "clause", "offset": [407, 420]}, {"key": "reference-point", "type": "definition", "offset": [439, 454]}, {"key": "announced-rate", "type": "definition", "offset": [524, 538]}, {"key": "change-in", "type": "clause", "offset": [544, 553]}, {"key": "the-day", "type": "definition", "offset": [641, 648]}, {"key": "public-announcement", "type": "clause", "offset": [666, 685]}], "hash": "6f05f05fe36ad7ba248f2bb0eea0c108", "id": 4}, {"samples": [{"hash": "4KIJgDvTKjo", "uri": "/contracts/4KIJgDvTKjo#base-rate", "label": "Credit Agreement (Mediacom Capital Corp)", "score": 21.2190284729, "published": true}, {"hash": "j6R85jVjbT6", "uri": "/contracts/j6R85jVjbT6#base-rate", "label": "364 Day Credit Agreement (American General Finance Inc)", "score": 21.0, "published": true}, {"hash": "imYtL1iueHA", "uri": "/contracts/imYtL1iueHA#base-rate", "label": "Credit Agreement (Mediacom Communications Corp)", "score": 21.0, "published": true}], "snippet": "means, for any day, a rate per annum equal to the higher of (a) the Federal Funds Rate for such day plus 1/2 of 1% and (b) the Prime Rate for such day. Each change in any interest rate provided for herein based upon the Base Rate resulting from a change in the Base Rate shall take effect at the time of such change in the Base Rate.", "size": 539, "snippet_links": [{"key": "per-annum", "type": "definition", "offset": [27, 36]}, {"key": "equal-to", "type": "definition", "offset": [37, 45]}, {"key": "the-federal-funds-rate", "type": "definition", "offset": [64, 86]}, {"key": "the-prime-rate", "type": "definition", "offset": [123, 137]}, {"key": "interest-rate", "type": "definition", "offset": [171, 184]}, {"key": "the-base-rate", "type": "definition", "offset": [216, 229]}, {"key": "resulting-from", "type": "definition", "offset": [230, 244]}, {"key": "a-change-in", "type": "definition", "offset": [245, 256]}, {"key": "at-the-time", "type": "clause", "offset": [289, 300]}], "hash": "26b297171e2f84b01ce9b30862c16ead", "id": 5}, {"samples": [{"hash": "aw8ktAXfzeA", "uri": "/contracts/aw8ktAXfzeA#base-rate", "label": "10 K Annual Report", "score": 25.8405208588, "published": true}, {"hash": "ky8OUaiKyGD", "uri": "/contracts/ky8OUaiKyGD#base-rate", "label": "Credit Agreement (McClatchy Co)", "score": 21.0, "published": true}, {"hash": "jstyp5kGjLz", "uri": "/contracts/jstyp5kGjLz#base-rate", "label": "Credit Agreement (Prometheus Laboratories Inc)", "score": 21.0, "published": true}], "snippet": "means for any day a fluctuating rate per annum equal to the higher of (a) the Federal Funds Rate plus 1/2 of 1% and (b) the rate of interest in effect for such day as publicly announced from time to time by Bank of America as its \"prime rate.\" The \"prime rate\" is a rate set by Bank of America based upon various factors including Bank of America's costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans, which may be priced at, above, or below such announced rate. Any change in such rate announced by Bank of America shall take effect at the opening of business on the day specified in the public announcement of such change.", "size": 535, "snippet_links": [{"key": "per-annum", "type": "definition", "offset": [37, 46]}, {"key": "equal-to", "type": "definition", "offset": [47, 55]}, {"key": "the-federal-funds-rate", "type": "definition", "offset": [74, 96]}, {"key": "rate-of-interest", "type": "clause", "offset": [124, 140]}, {"key": "in-effect", "type": "clause", "offset": [141, 150]}, {"key": "publicly-announced", "type": "definition", "offset": [167, 185]}, {"key": "from-time-to-time", "type": "clause", "offset": [186, 203]}, {"key": "bank-of-america", "type": "definition", "offset": [207, 222]}, {"key": "prime-rate", "type": "definition", "offset": [231, 241]}, {"key": "economic-conditions", "type": "clause", "offset": [383, 402]}, {"key": "other-factors", "type": "clause", "offset": [407, 420]}, {"key": "reference-point", "type": "definition", 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of:", "size": 506, "snippet_links": [{"key": "interest-rate-per-annum", "type": "definition", "offset": [20, 43]}, {"key": "in-effect", "type": "clause", "offset": [44, 53]}, {"key": "from-time-to-time", "type": "clause", "offset": [54, 71]}, {"key": "at-all-times", "type": "definition", "offset": [100, 112]}, {"key": "equal-to", "type": "definition", "offset": [116, 124]}], "hash": "3e9fa983f3bf1479e215e0b930a2114d", "id": 7}, {"samples": [{"hash": "hhMCztFEqPK", "uri": "/contracts/hhMCztFEqPK#base-rate", "label": "Credit Agreement (Broadview Networks Holdings Inc)", "score": 24.2388782501, "published": true}, {"hash": "9Vfw8myQILr", "uri": "/contracts/9Vfw8myQILr#base-rate", "label": "Credit Agreement (Broadview Networks Holdings Inc)", "score": 24.2388782501, "published": true}, {"hash": "5sVBMAjInZA", "uri": "/contracts/5sVBMAjInZA#base-rate", "label": "Credit Agreement (La-Z-Boy Inc)", "score": 22.8015060425, "published": true}], "snippet": "means, at any time, the higher of (a) the Prime Rate and (b) the Federal Funds Rate plus 1/2 of 1%; each change in the Base Rate shall take effect simultaneously with the corresponding change or changes in the Prime Rate or the Federal Funds Rate.", "size": 398, "snippet_links": [{"key": "at-any-time", "type": "clause", "offset": [7, 18]}, {"key": "the-prime-rate", "type": "definition", "offset": [38, 52]}, {"key": "the-federal-funds-rate", "type": "definition", "offset": [61, 83]}, {"key": "change-in", "type": "clause", "offset": [105, 114]}, {"key": "the-base-rate", "type": "definition", "offset": [115, 128]}, {"key": "simultaneously-with-the", "type": "clause", "offset": [147, 170]}, {"key": "changes-in", "type": "clause", "offset": [195, 205]}], "hash": "a3a96486575d2308b12419165a609368", "id": 8}, {"samples": [{"hash": "7p0KssD8MWh", "uri": "/contracts/7p0KssD8MWh#base-rate", "label": "Credit Agreement (MacDermid Group Inc.)", "score": 22.64818573, "published": true}, {"hash": "93GCQjCdxs3", "uri": "/contracts/93GCQjCdxs3#base-rate", "label": "Credit Agreement (MacDermid Group Inc.)", "score": 22.5222454071, "published": true}, {"hash": "k5QwdHWAoMJ", "uri": "/contracts/k5QwdHWAoMJ#base-rate", "label": "Credit Agreement (Chattem Inc)", "score": 21.0, "published": true}], "snippet": "means for any day a fluctuating rate per annum equal to the higher of (a) the Federal Funds Rate in effect on such day plus 1/2 of 1% and (b) the Prime Rate in effect on such day.", "size": 398, "snippet_links": [{"key": "per-annum", "type": "definition", "offset": [37, 46]}, {"key": "equal-to", "type": "definition", "offset": [47, 55]}, {"key": "the-federal-funds-rate", "type": "definition", "offset": [74, 96]}, {"key": "in-effect", "type": "clause", "offset": [97, 106]}, {"key": "the-prime-rate", "type": "definition", "offset": [142, 156]}], "hash": "a46d8fc37c8064bd30dbde1e12adb609", "id": 9}, {"samples": [{"hash": "2tyRUloxdDb", "uri": "/contracts/2tyRUloxdDb#base-rate", "label": "Loan and Servicing Agreement (Ares Capital Corp)", "score": 35.7761802673, "published": true}, {"hash": "9F38PJHguok", "uri": "/contracts/9F38PJHguok#base-rate", "label": "Loan and Servicing Agreement (Ares Capital Corp)", "score": 33.495552063, "published": true}, {"hash": "a9EBxDn9GhR", "uri": "/contracts/a9EBxDn9GhR#base-rate", "label": "Loan and Servicing Agreement (Ares Capital Corp)", "score": 33.1067771912, "published": true}], "snippet": "means, on any date, a fluctuating per annum interest rate equal to the higher of (a) the Prime Rate or (b) the Federal Funds Rate plus 0.5%.", "size": 382, "snippet_links": [{"key": "per-annum", "type": "definition", "offset": [34, 43]}, {"key": "interest-rate", "type": "definition", "offset": [44, 57]}, {"key": "equal-to", "type": "definition", "offset": [58, 66]}, {"key": "the-prime-rate", "type": "definition", "offset": [85, 99]}, {"key": "the-federal-funds-rate", "type": "definition", "offset": [107, 129]}], "hash": "fe7c02d3e96caf08a39dd7d6d0a0531d", "id": 10}], "next_curs": "ClYSUGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjILEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiISYmFzZS1yYXRlIzAwMDAwMDBhDKIBAmVuGAAgAA==", "definition": {"snippet": "means a fluctuating interest rate per annum in effect from time to time, which rate per annum shall at all times be equal to the highest of:", "title": "Base Rate", "size": 40975, "id": "base-rate", "examples": ["Initial Term Loans and, 2024-2 Refinancing Term Loans and 2026 Incremental Term Loans may be <strong>Base Rate</strong> Loans (in the case of Term Loans denominated in Dollars) or SOFR Loans, as further provided herein.", "Each Borrowing of <strong>Base Rate</strong> Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof.", "In the case of each Borrowing, each Appropriate Lender shall make the amount of its Revolving Loan available to the Administrative Agent in Same Day Funds at the Administrative Agent\u2019s Office not later than (x) in the case of SOFR Loans or Alternative Currency Loans, 1:00 p.m. (New York City time), on the Business Day specified in the applicable Committed Loan Notice or (y) in the case of <strong>Base Rate</strong> Loans, 2:00 p.m. (New York City time), on the Business Day specified in the applicable Committed Loan Notice.", "If the Borrower fails to specify a Type of Revolving Loan in a Committed Loan Notice, then (x) in the case of Revolving Loans denominated in Dollars, the applicable Revolving Loans shall be made as <strong>Base Rate</strong> Loans and (y) in the case of Revolving Loans that are Alternative Currency Term Rate Loans, the applicable Revolving Loans shall be made as Alternative Currency Term Rate Loans with an Interest Period of one month.", "All computations of interest for <strong>Base Rate</strong> Loans calculated by reference to the \u201cprime rate\u201d shall be made on the basis of a year of 365 days or 366 days, as the case may be, and actual days elapsed.", "At any time when <strong>Base Rate</strong> Loans are outstanding, the Administrative Agent shall notify the Borrower and the Lenders of any change in the \u201cprime rate\u201d used in determining the <strong>Base Rate</strong> promptly following the public announcement of such change.", "Each such notice must be received by the Administrative Agent not later than (A) 1:00 p.m. (New York City time) two Business Days prior to the requested date of any Borrowing of SOFR Loans, (B) 1:00 p.m. (New York City time) three Business Days prior to the requested date of any Borrowing of Alternative Currency Loans and (C) 1:00 p.m. (New York City time) on the requested date of any Borrowing of <strong>Base Rate</strong> Loans (in the case of Revolving Loans denominated in Dollars only).", "If an Issuing Bank resigns as an Issuing Bank, it shall retain all the rights and obligations of an Issuing Bank hereunder with respect to all Letters of Credit outstanding as of the effective date of its resignation as an Issuing Bank and all Letter of Credit Obligations with respect thereto (including the right to require the Lenders to make <strong>Base Rate</strong> Loans or fund risk participations in Letters of Credit pursuant to Section 2.04(c)).", "The Administrative Agent and its affiliates or other related entities may, in its business, engage in transactions that affect the calculation of <strong>Base Rate</strong>, the Term SOFR Screen Rate, Term SOFR, Term SOFR, any alternative, successor or replacement rate (including any Benchmark Replacement) or any relevant adjustments thereto, in each case, in a manner adverse to the Borrower (but not with the specific intent of adversely impacting the Borrower).", "If the Borrower fails to specify a Type of Term Loan in a Committed Loan Notice, then the applicable Term Loans shall be made as <strong>Base Rate</strong> Loans."], "related": [["libor-base-rate", "LIBOR Base Rate", "LIBOR <strong>Base Rate</strong>"], ["reference-rate", "Reference Rate", "Reference Rate"], ["libo-base-rate", "LIBO Base Rate", "LIBO <strong>Base Rate</strong>"], ["us-base-rate", "U.S. Base Rate", "U.S. <strong>Base Rate</strong>"], ["alternate-base-rate", "Alternate Base Rate", "Alternate <strong>Base Rate</strong>"]], "related_snippets": [], "updated": "2026-05-22T05:44:05+00:00"}, "json": true, "cursor": ""}}