Baseline CAS definition
Baseline CAS means any rate which is either:
Baseline CAS means with respect to a GBP Advance, 0.1193%.
Baseline CAS means, in relation to a Compounded Rate Loan in a Compounded Rate Currency, any rate which is either:
Examples of Baseline CAS in a sentence
The percentage rate per annum which is the aggregate of: (a) the Cumulative Compounded RFR Rate for the Interest Period of the relevant Loan; and (b) the applicable Baseline CAS.
If the aggregate of the Daily Rate and the Baseline CAS for any RFR Banking Day is less than zero, the Daily Rate for that RFR Banking Day shall be deemed to be such a rate that the aggregate of the Daily Rate and the Baseline CAS is zero.
More Definitions of Baseline CAS
Baseline CAS means any rate which is either: (a) specified as such in the Reference Rate Terms; or (b) determined by the Facility Agent (acting on the instructions of the Majority Lenders) with the consent of the Borrower (such consent not to be unreasonably withheld or delayed) (or by any other Finance Party (acting on the instructions of the Majority Lenders) which agrees to determine that rate in place of the Facility Agent with the consent of the Borrower (such consent not to be unreasonably withheld or delayed)) in accordance with the methodology specified in the Reference Rate Terms. "Break Costs" has the meaning given to that term in the Reference Rate Terms. "Business Day" means a day (other than a Saturday or Sunday) on which banks are open for general business in Amsterdam, London, New York, Paris, Tokyo and Singapore and in relation to: (a) any date for repayment of, or payment or purchase of an amount relating to the Loan (or any relevant part of it) or Unpaid Sum; or (b) the determination of the first day or the last day of an Interest Period for the Loan (or any relevant part of it) or Unpaid Sum, or otherwise in relation to the determination of the length of such an Interest Period), which is also an Additional Business Day relating to the Loan (or any relevant part of it) or Unpaid Sum. "Central Bank Rate" has the meaning given to that term in the Reference Rate Terms. "Central Bank Rate Adjustment" has the meaning given to that term in the Reference Rate Terms. "Compounded Reference Rate" means, in relation to any RFR Banking Day during the Interest Period of a Loan, the percentage rate per annum which is the aggregate of:
Baseline CAS has the meaning assigned to such term in the Lender Fee Letter.