Corporate Base Rate definition

Corporate Base Rate means a rate per annum equal to the corporate base rate of interest announced by First Chicago from time to time, changing when and as said corporate base rate changes.

Corporate Base Rate as used in this Agreement shall mean the prime rate, base rate or other analogous rate of the new Agent.

Corporate Base Rate means the corporate base rate of interest announced by First Chicago from time to time, changing when and as said corporate base rate changes.

Examples of Corporate Base Rate in a sentence

• In the event that there is a successor to the Agent by merger, or the Agent assigns its duties and obligations to an Affiliate pursuant to this Section 10.12, then the term "Corporate Base Rate" as used in this Agreement shall mean the prime rate, base rate or other analogous rate of the new Agent.

• Changes in the rate of interest on that portion of any Advance maintained as a CBR Advance will take effect simultaneously with each change in the Corporate Base Rate.

• The foregoing shall not delay or otherwise affect the Borrower’s obligation to pay interest at the Corporate Base Rate as provided in this paragraph.

• The Agent will notify each Lender of the interest rate applicable to each LIBOR Advance promptly upon determination of such interest rate and will give each Lender prompt notice of each change in the Corporate Base Rate.

• The Corporate Base Rate is a reference rate and does not necessarily represent the lowest or best rate of interest actually charged to any customer.

More Definitions of Corporate Base Rate

Corporate Base Rate means a fluctuating rate of interest per annum as shall be in effect from time-to-time equal to the corporate base rate of interest publicly announced by Bank One from time to time as its corporate base rate, whether or not the Borrowers have notice thereof, when and as said corporate base rate changes.

Corporate Base Rate means, for any day a fluctuating rate per annum equal to the higher of (a) the Federal Funds Rate for such day, plus 0.50% and (b) the rate of interest in effect for such day as publicly announced from time to time by the Agent as its “prime rate”. The “prime rate” is a rate set by the Agent based upon various factors including the Agent’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 the prime rate announced by the Agent shall take effect at the opening of business on the day specified in the public announcement of such change.

Corporate Base Rate means the rate of interest most recently announced by the First National Bank of Chicago, or its successor (the "First") as its corporate base rate. If the First ceases to use the term corporate base rate, then the Corporate Base Rate shall be the rate used by the First as a base rate of interest for commercial loans, however this rate is designated by the First. A certificate by an officer of the First stating the corporate base rate (or such designated rate) in effect shall be conclusive evidence thereof.

Corporate Base Rate means for any day, the higher of (i) the prime rate per annum announced from time to time by Credit Suisse in New York in effect on such day and (ii) the Federal Funds Rate plus 100 basis points. (The Corporate Base Rate is not intended to represent the lowest rate charged by Credit Suisse for extensions of credit.)

Corporate Base Rate means a rate per annum equal to the rate announced from time to time by the Lender to be its "Prime Rate" as such "Prime Rate" may change from time to time, said changes to occur on the first date the "Prime Rate" changes; it being understood that the "Prime Rate" is the rate announced by the Lender from time to time as its "Prime Rate" and is not necessarily the lowest interest rate charged by the Lender to its customers.

Corporate Base Rate means the per annum rate announced by the Agent from time to time as its prime rate of interest, which need not be the lowest rate of interest it charges any of its customers. The Corporate Base Rate shall change simultaneously with any change in such announced prime rate. Notwithstanding the foregoing, for purposes of determining the applicable Corporate Base Rate at any time for this Agreement, the Corporate Base Rate shall not be less than 4.25%.

Corporate Base Rate means the corporate base rate of interest announced by Bank One from time to time, changing when and as said corporate base rate changes.