Effective Base Rate definition
Effective Base Rate means, at any time, the per annum rate equal to the Base Rate at such time plus the Applicable Margin.
Effective Base Rate means the Base Rate plus the Base Rate Margin as from time to time is in effect.
Effective Base Rate means the rate of interest for all Base Rate Advances, such rate to be based upon the ratio of Consolidated Funded Debt to EBITDA for Borrower's immediately preceding four (4) fiscal quarters determined as of the date of Agent's receipt of the financial reports required in Section 6.01, but in no event later than fifteen days after the date such reports were due. The Effective Base Rate shall be calculated as follows:
Examples of Effective Base Rate in a sentence
Supervisors shall be paid at the following rate, 0 – 5 Years of Continuous Service: Effective: Base Rate Statutory Holiday Pay Vacation Pay Total Hourly Rate (3.46%) (4%) Aug.
The Administrative Agent will give each Lender prompt notice of each change in the Alternate Base Rate and Federal Funds Effective Base Rate.
Each Base Rate Advance shall bear interest on the unpaid principal amount thereof until payment in full at the Effective Base Rate, but in no event to exceed the Highest Lawful Rate.
Changes in the rate of interest on that portion of any Advance maintained as a Federal Funds Advance will take effect simultaneously with each change in the Federal Funds Effective Base Rate.
More Definitions of Effective Base Rate
Effective Base Rate means the rate of interest for all Base Rate Advances, such rate to be based upon the ratio of Consolidated Funded Debt to EBITDA for Borrower's immediately preceding four (4) fiscal quarters determined as of the date of Agent's receipt of the financial reports required in Section 6.01, but in no event later than fifteen days after the date such reports were due. The Effective Base Rate shall be calculated as follows: If Ratio for Four Then Effective Base Rate Preceding Quarters Is For Advance Is --------------------- ----------------------- 1.00 or less to 1.00 Base Rate minus .50%