Bond Base Rate definition
Bond Base Rate means, in relation to any Facility B1 Loan under the rate per annum which shall be determined by the Administrative Agent to be equal to the arithmetic mean (rounded upwards to the nearest 1/100 % of 1%) of the yield of KRW-denominated corporate bonds with a remaining period to maturity of 3 years issued by public offering by a company with an A+ credit rating, as published by The Korea Securities Dealers Association at the close of business on each of the 6 business days (in Senior Secured Credit Facility Agreement Korea) prior to the Relevant Quotation Date, provided that, if quotations of such yield are not available, the Administrative Agent shall determine the Bond Base Rate on the basis of another comparable source or sources reasonably selected by it after consultation with those Lenders with Facility B1 Commitments and the Borrower.