Domestic Base Rate means, for any period, a fluctuating interest rate per annum as shall be in effect from time to time which rate per annum shall at all times be equal to the highest of:

Domestic Base Rate means, at any time, with respect to Revolving Loans made in Dollars and Swingline Loans the higher of (a) the U.S. Prime Rate or (b) the Federal Funds Rate plus one half of one percent (0.50%); each change in the Domestic Base Rate shall take effect simultaneously with the corresponding change or changes in the U.S. Prime Rate or the Federal Funds Rate, as applicable.

Domestic Base Rate means for any day a fluctuating rate of interest 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 “prime rate,” (c) the Eurodollar RateTerm SOFR plus 1%; provided, that, if the Domestic Base Rate shall be less than zero, such rate shall be deemed zero for purposes of this Agreement. 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 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. If the Domestic Base Rate is being used as an alternate rate of interest pursuant to Section 3.03, then the Domestic Base Rate shall be the greater of clauses (a) and (b) above and shall be determined without reference to clause (c) above.

Examples of Domestic Base Rate in a sentence

If such Domestic Bank pays such amount (with interest and fees as aforesaid), the amount so paid (less all such aforementioned interest and fees incurred by such Domestic Bank as a result of its failure to pay the required amounts to the applicable Domestic Swing Line Lenders) shall constitute such Domestic Bank’s Domestic Base Rate Loan included in the relevant Domestic Base Rate borrowing or funded participation in the relevant Domestic Swing Line Loan, as the case may be.
Until a Bank funds its Domestic Base Rate Loan or risk participation pursuant to this §2.12(e) to refinance such Bank’s Domestic Commitment Percentage of any Domestic Swing Line Loan, interest in respect of such Domestic Swing Line Loan shall be solely for the account of the relevant Domestic Swing Line Lenders.
Domestic Loans bearing interest calculated by reference to the Domestic Base Rate.
In such event, Ryder shall be deemed to have requested a Domestic Base Rate Loan to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount, without regard to the minimum and multiples specified in §2.7 for the principal amount of Loans, but subject to the amount of the unutilized portion of the Total Domestic Commitment and the conditions set forth in §12 (other than the delivery of a Domestic Loan Request).
Loans bearing interest calculated by reference to the Domestic Base Rate, the Canadian Prime Rate, the Canadian Base Rate, the Sterling Reference Rate, the Reference U.K. Dollar Base Rate or the Euro Reference Rate, and, with respect to U.K. Swing Line Loans only, the RBS-U.K. Sterling Reference Rate, the RBS-U.K. Euro Reference Rate or the U.K. Dollar Base Rate.

More Definitions of Domestic Base Rate

Domestic Base Rate means, at any time, the higher of (i) the Domestic Prime Rate (ii) the one-month Adjusted Eurodollar Rate for a Domestic Eurodollar Rate Loan plus 1.0%, or (iii) the rate which is 1/2 of 1% in excess of the Federal Funds Effective Rate for Dollar denominated loans. Any change in the Domestic Base Rate due to a change in the Domestic Prime Rate or the Federal Funds Effective Rate shall be effective on the effective date of such change.

Domestic Base Rate. For any day, a fluctuating rate per annum equal to the highest of (a) the annual rate of interest announced from time to time by Bank of America as its “prime rate”, (b) one-half of one percent (1/2%) above the Federal Funds Effective Rate and (c) the Domestic LIBOR Rate plus 1.00%; and if the Domestic Base Rate shall be less than zero, such rate shall be deemed zero for purposes of this Agreement. 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 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.

Domestic Base Rate means the rate that Primary Documentation Agent announces from time to time as its prime lending rate in the United States for Dollar denominated loans, as in effect from time to time. Such prime lending rate is a reference rate and does not necessarily represent the lowest or best rate actually charged to any customer. Primary Documentation Agent or any other Lender may make commercial loans or other loans at rates of interest at, above or below such prime lending rate.

Domestic Base Rate means, for any day, the rate per annum equal to (A) for Loans in Article II hereof the higher of (i) the Federal Funds Effective Rate for such day plus one-half of one percent (.5%) and (ii) the Domestic Prime Rate for such day. Any change in the Domestic Base Rate resulting from a change in the Domestic Prime Rate or the Federal Funds Effective Rate shall become effective on the effective date of such change in the Domestic Prime Rate or the Federal Funds Effective Rate; and (B) for Canadian Loans in Article III hereof made by Canadian Facilities Lenders a fluctuating rate of interest per annum (expressed on the basis of a year of 365 days) equal to the higher of:

Domestic Base Rate means, for any day, a fluctuating interest rate per annum as shall be in effect from time to time, which rate per annum shall at all times be equal to the greatest of: (a) the rate of interest established by KeyBank National Association, from time to time, as its “prime rate,” whether or not publicly announced, which interest rate may or may not be the lowest rate charged by it for commercial loans or other extensions of credit; (b) the Federal Funds Effective Rate in effect from time to time, determined one Business Day in arrears, plus 1/2 of 1% per annum; and (c) the Adjusted LIBOR Rate for a one-month Interest Period on such day plus 1.00%.

Domestic Base Rate means on any day the per annum rate of interest equal to (A) for Loans in Article II hereof the greater of (i) the Domestic Prime Rate or (ii) the Federal Funds Effective Rate plus one-half of one percent (1/2%). Any change in the Domestic Base Rate resulting from a change in the Domestic Prime Rate or the Federal Funds Effective Rate shall become effective as of 12:01 A.M. of the Business Day on which each such change occurs. The Domestic Base Rate is a reference rate used by Agent in determining interest rates on certain loans and is not intended to be the lowest rate of interest charged on any extension of credit to any debtor and (B) for Canadian Loans in Article III hereof made by Canadian Facilities Lenders a fluctuating rate of interest per annum (expressed on the basis of a year of 365 days) equal to the higher of:

Domestic Base Rate definition

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