CD Base Rate definition

CD Base Rate has the meaning set forth in Section 2.07(b).
CD Base Rate applicable to any Interest Period is the rate of interest determined by the Agent to be the average (rounded upward, if necessary, to the next higher 1/100 of 1%) of the prevailing rates per annum bid at 10:00 A.M. (New York City time) (or as soon thereafter as practicable) on the first day of such Interest Period by two or more New York certificate of deposit dealers of recognized standing for the purchase at face value from each CD Reference Bank of its certificates of deposit in an amount comparable to the principal amount of the CD Loan of such CD Reference Bank to which such Interest Period applies and having a maturity comparable to such Interest Period.
CD Base Rate with respect to each day during each Interest Period pertaining to a CD Rate Loan, the rate of interest per annum determined by the Agent to be the rate notified to the Agent by Chemical as the average rate bid at 9:00 A.M., New York City time, or as soon thereafter as practicable, on the first day of such Interest Period by a total of three certificate of deposit dealers of recognized standing selected by Chemical for the purchase at face value from Chemical of its certificates of deposit in an amount comparable to the CD Rate Loan of Chemical to which such Interest Period applies and having a maturity comparable to such Interest Period.

Examples of CD Base Rate in a sentence

  • At a minimum, these fees must be clearly displayed on the registrar's website and a link to these fees must be included in the registrar's registration agreements.

  • Un demandante puede presentar una queja directamente con la administración de tránsito Federal por archivar una queja con la oficina de derechos civiles, atención: Coordinador del programa Título VI, edificio Oriente, piso 5 º-TCR, 1200 New Jersey Avenue SE, Washington, DC 20590.

  • Rates: Borrowing Options: LIBOR, Adjusted CD, Base Rate and for the Revolving Credit Facility only, Money Market.

  • Xxxxxxxxx: Sylvia Mills, 248/615-5951 MORGAN GUARANTY TRUST COMPANY OF NEW YORK ----------------------------------------- o For LIBOR, CD, Base Rate Principal and/or Interest payments and fees Morgan Guaranty Trust Company of New York New York, Xxx Xxrk ABA #021000238 For Credit to: Loan Department A/C # 999-99-090 Attention: Corporate Processing - Mod 00 Reference: Century Telephone Enterprises, Inc.


More Definitions of CD Base Rate

CD Base Rate means that rate per annum at which Lender can obtain funds in the national certificate of deposit market in the amount of Five Million and No/100 Dollars ($5,000,000.00) at approximately ten o'clock a.m., Charlotte, North Carolina time, on the first Business Day of a month for a maturity period equal to thirty (30) days.
CD Base Rate means, with respect to any Interest Period, the rate of interest determined by Administrative Agent to be the arithmetic average (rounded upward, if necessary, to the next higher 1/10,000th of 1%) of the prevailing rates per annum bid at 9:00 a.m. (New York time) (or as soon thereafter as practicable) on the first day of such Interest Period by two (2) or more New York certificate of deposit dealers of recognized standing for the purchase at face value from each Domestic Reference Bank of its certificates of deposit in an amount comparable to the unpaid principal amount of the CD Loan of Lenders to which such Interest Period applies and having a maturity equal to such Interest Period.
CD Base Rate means, with respect to any CD Rate Loan for the Interest Period applicable thereto, the interest rate per annum (expressed as a decimal and rounded upward, if necessary, to the next higher 1/100th of 1%) determined by the Agent to be the prevailing rate bid, at 10:00 a.m. (Charlotte time), or as soon thereafter as practicable, on the Business Day on which the applicable Interest Period commences, offered by two (2) or more certificate of deposit dealers of recognized standing for the purchase at face value from First Union of its negotiable certificates of deposit having a maturity comparable to the duration of the applicable Interest Period and in the approximate amount of such CD Rate Loan. If no such bids or offers are generally available or if the Agent determines that it is impossible or impractical for First Union actually to obtain such bids or offers from certificate of deposit dealers, then the Agent shall be entitled to determine the CD Base Rate by estimating in its reasonable judgment the interest rate per annum (as described above) that would be applicable if such bids and offers were generally available.
CD Base Rate means for any Interest Period the prevailing per annum rate of interest as reasonably determined by the Bank (rounded upward, if necessary, to the next higher 1/100 of 1%) bid at 11:00 a.m. (New York time) (or as soon thereafter as practicable) on the first day of such Interest Period by two PAGE
CD Base Rate means, with respect to any CD Loans, the arithmetic mean, as calculated by the Administrative Agent, of the respective rates per annum (rounded upwards, if necessary, to the nearest 1/20 of 1%) of the Reference Lenders, in each such case determined by the Reference Lender to be the average of the bid rates quoted to it at its principal office at approximately 10:00 a.m. New York City time (or as soon thereafter as practicable) on the first day of the Interest Period for such Loan by New York certificate of deposit dealers of recognized standing selected by such Reference Lender for the purchase at face value of certificates of deposit of such Reference Lender with a term, and in an amount, comparable to such Interest Period and the principal amount of the CD Loan which shall be made by such Reference Lender and outstanding during such Interest Period; provided that, if such quotations from such dealers are not available to such Reference Lender, such Lender shall notify the Administrative Agent of a reasonably equivalent rate determined by it on the basis of another source or sources selected by it.
CD Base Rate means with respect to any Loan Period for a CD Rate Loan ------------ the average of the bid rates (rounded to the nearest 1/100 of 1% or, if there is no nearest 1/100 of 1%, to the next higher 1/100 of 1%) quoted at 10:00 a.m., New York City time (or as soon thereafter as is practi cable), on the first Business Day of such Loan Period by two or more New York certificate of deposit dealers of recognized standing, selected by the Agent, for the purchase at face value of 30-day, 60-day, 90-day or 180-day, as the case may be, certificates of deposit sold by the Reference Banks in the secondary market in an amount substantially equal to the amount of such CD Rate Loan.
CD Base Rate applicable to any CD Rate Interest Period means the per annum rate that is equal to the sum of: