Facility A Base Rate definition

Facility A Base Rate means, with respect to each Interest Calculation Period, the interest rate for the term corresponding to the Interest Calculation Period of the Japanese Yen TIBOR published by the JBA TIBOR Administration or any successor institution thereof (page 17,097 of the Telerate or other page that may replace such page) as at 11:00 AM or at the nearest possible time after 11:00 AM of the second Business Day prior to the first day of such Interest Calculation Period. However, (i) if there is no relevant interest rate for such Interest Calculation Period, the Facility A Base Rate shall be the interest rate (indicated as an annual rate) calculated by performing linear interpolation based on the formula below (provided that the figure shall be rounded off to four decimal places), and (ii) if such interest rate is not published for some reason, the Facility A Base Rate shall be the interest rate (indicated as an annual rate) that is reasonably decided upon by the Agent as the offered rate or the like for a drawdown in yen for the period corresponding to such Interest Calculation Period in the Tokyo Interbank Market as at 11:00 AM of the second Business Day prior to the first day of such Interest Calculation Period or the nearest time prior thereto. Notwithstanding the foregoing, if the interest rate determined in accordance with the above amounts to a negative value, the Facility A Base Rate shall be 0% (per annum). (Formula with respect to the linear interpolation) R={(r2-r1)#(t2-t1)}×(α-t1)+r1R#Relevant interest rate for such Interest Calculation Period α#Actual number of days of such Interest Calculation Period r1#Interest rate displayed for the period of the number of days that is less than and the nearest to the number of days of such Interest Calculation Period r2#Interest rate displayed for the period of the number of days that is greater than and the nearest to the number of days of such Interest Calculation Period t1#Actual number of days of the period in relation to r1 t2#Actual number of days of the period in relation to r2
Sample 1
Facility A Base Rate means, with respect to each Interest Calculation Period, the interest rate for the term corresponding to the Interest Calculation Period of the Japanese Xxx XXXXX published by the JBA TIBOR Administration or any successor institution thereof (page 17,097 of the Telerate or other page that may replace such page) as at 11:00 AM or at the nearest possible time after 11:00 AM of the second Business Day prior to the first day of such Interest Calculation Period. However, (i) if there is no relevant interest rate for such Interest Calculation Period, the Facility A Base Rate shall be the interest rate (indicated as an annual rate) calculated by performing linear interpolation based on the formula below (provided that the figure shall be rounded off to four decimal places), and (ii) if such interest rate is not published for some reason, the Facility A Base Rate shall be the interest rate (indicated as an annual rate) that is reasonably decided upon by the Agent as the offered rate or the like for a (English Translation - For Reference Purpose Only) drawdown in yen for the period corresponding to such Interest Calculation Period in the Tokyo Interbank Market as at 11:00 AM of the second Business Day prior to the first day of such Interest Calculation Period or the nearest time prior thereto. Notwithstanding the foregoing, if the interest rate determined in accordance with the above amounts to a negative value, the Facility A Base Rate shall be 0% (per annum). (Formula with respect to the linear interpolation) R={(r2-r1)／(t2-t1)}×(α-t1)+r1 R：Relevant interest rate for such Interest Calculation Period α：Actual number of days of such Interest Calculation Period r1：Interest rate displayed for the period of the number of days that is less than and the nearest to the number of days of such Interest Calculation Period r2：Interest rate displayed for the period of the number of days that is greater than and the nearest to the number of days of such Interest Calculation Period t1：Actual number of days of the period in relation to r1 t2：Actual number of days of the period in relation to r2
Sample 1

Related to Facility A Base Rate

  • Canadian Base Rate means, at any time, the annual rate of interest equal to the greater of (a) the annual rate from time to time publicly announced by Agent (or a bank that is listed on Schedule 1 of the Bank Act (Canada) acceptable to Agent) as its prime rate in effect for determining interest rates on Canadian Dollar denominated commercial loans made in Canada and (b) the annual rate of interest equal to the sum of the 30-day BA Rate at such time plus 1% percent per annum.

  • CD Base Rate has the meaning set forth in Section 2.07(b).

  • U.S. Base Rate means, for any day, the rate of interest per annum equal to the greater of (a) the interest rate per annum publicly announced from time to time by the Administrative Agent as its reference rate in effect on such day at its principal office in Toronto for determining interest rates applicable to commercial loans denominated in U.S. Dollars in Canada (each change in such reference rate being effective from and including the date such change is publicly announced as being effective) and (b) the Federal Funds Effective Rate in effect on such day plus 1/2 of 1%.

  • LIBOR Base Rate means, for each Interest Period, the London interbank offered rate for six-month deposits in Dollars for value the first day of such Interest Period (or, in the case of the initial Interest Period, for value the Interest Payment Date occurring on or next preceding the first day of such Interest Period), as reasonably determined by the Bank and expressed as a percentage per annum.

  • Borrowing Base Utilization Percentage means, as of any day, the fraction expressed as a percentage, the numerator of which is the sum of the Revolving Credit Exposures of the Lenders on such day, and the denominator of which is the Borrowing Base in effect on such day.

  • LIBO Base Rate means with respect to each day an Advance is outstanding (or if such day is not a Business Day, the next succeeding Business Day), the rate per annum equal to the rate published by Bloomberg or if such rate is not available, the rate appearing at page 3750 of the Telerate Screen as one-month LIBOR on such date, and if such rate shall not be so quoted, the rate per annum at which the Lender is offered Dollar deposits at or about 11:00 A.M., eastern time, on such date by prime banks in the interbank eurodollar market where the eurodollar and foreign currency and exchange operations in respect of its Advances are then being conducted for delivery on such day for a period of one month and in an amount comparable to the amount of the Advances to be outstanding on such day.

  • Weighted Average Advance Rate means, as of any date of determination with respect to all Eligible Collateral Obligations included in the Adjusted Aggregate Eligible Collateral Obligation Balance, the number obtained by (i) summing the products obtained by multiplying (a) the Advance Rate of each such Eligible Collateral Obligation by (b) such Eligible Collateral Obligation’s contribution to the Adjusted Aggregate Eligible Collateral Obligation Balance and (ii) dividing such sum by the Adjusted Aggregate Eligible Collateral Obligation Balance.

  • Fixed Base Rate means, for each Disbursed Amount, the equivalent of the London interbank offered rate for six-month deposits in dollars for value on the Rate Fixing Date for such Disbursed Amount, expressed as a single fixed interest rate based on the fixed interest rates corresponding to the repayment installments of such Disbursed Amount, as reasonably determined by the Bank and expressed as a percentage per annum.

  • Eurodollar Base Rate has the meaning specified in the definition of Eurodollar Rate.

  • Alternative Base Rate means the rate that has replaced LIBOR in customary market usage for determining floating interest rates in respect of bonds denominated in Dollars or, if the Independent Financial Adviser or the Issuer (in consultation with the Calculation Agent and acting in good faith and a commercially reasonable manner), as applicable, determines that there is no such rate, such other rate as the Independent Financial Adviser or the Issuer (in consultation with the Calculation Agent and acting in good faith and a commercially reasonable manner), as applicable, determines in its or the Issuer’s sole discretion is most comparable to LIBOR. If the Alternative Base Rate is determined, such Alternative Base Rate shall be the Alternative Base Rate for the remaining Interest Periods.

  • Swingline Rate means the Base Rate plus the Applicable Margin applicable to Base Rate Loans.

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

  • Alternate Base Rate Loans means Loans that bear interest at an interest rate based on the Alternate Base Rate.

  • Applicable Revolver LIBOR Margin means the per annum interest rate from time to time in effect and payable in addition to the LIBOR Rate applicable to the Revolving Loan, as determined by reference to Section 1.5(a).

  • Applicable Facility Fee Rate means, at any time, the percentage rate per annum at which Facility Fees are accruing on the Aggregate Commitment (without regard to usage) at such time as set forth in the Pricing Schedule.

  • U.S. Base Rate Loan means a Loan denominated in Dollars which bears interest at a rate based upon the U.S. Base Rate.

  • Alternate Base Rate Loan means a Loan which bears interest at the Alternate Base Rate or the Default Rate.

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances Outstanding.

  • Prime Rate Spread means the difference (expressed as the number of basis points) between (a) LIBOR plus the Spread on the date LIBOR was last applicable to the Loan and (b) the Prime Rate on the date that LIBOR was last applicable to the Loan; provided, however, in no event shall such difference be a negative number.

  • Reference Rate means the rate specified as such hereon.

  • Facility Fee Rate means a rate per annum determined in accordance with the Pricing Schedule.

  • Applicable Base Rate means (i) with respect to a Rate Period of fewer than 49 days, the greater of (a) the SIFMA Municipal Swap Index or (b) the LIBOR Rate, and (ii) with respect to a Rate Period of 49 or more days, the LIBOR Rate.

  • Eurocurrency Base Rate means, with respect to a Eurocurrency Rate Advance for the relevant Interest Period:

  • Base Rate Revolving Loan means a Revolving Loan that is a Base Rate Loan.

  • Maximum Advance Rate means 80.0%.

  • Applicable Commitment Fee Rate means: