Facility B Base Rate definition

Facility B 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 B 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 B 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 B 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
Facility B 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 B 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 B Base Rate shall be the interest rate (indicated as an (English Translation - For Reference Purpose Only) 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 B 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

Related to Facility B Base Rate

  • Canadian Base Rate means at any time, the greater of (a) the Canadian Prime Rate and (b) except during any period of time during which a notice delivered to Centuri under Section 5.8 shall remain in effect, the annual rate of interest equal to the sum of (i) the CDOR Rate for an Interest Period of one month at such time plus (ii) one percent (1%) per annum; each change in the Canadian Base Rate shall take effect simultaneously with the corresponding change or changes in the Canadian Prime Rate or the CDOR Rate, as applicable.

  • U.S. Base Rate means, for any day, the greater of:

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

  • 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.

  • 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:

  • 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.

  • 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.

  • Applicable Base Rate Margin means, on any day, a rate per annum equal to the higher of (a) the Applicable Eurocurrency Margin for such day minus 1.00% and (b) 0.00%.

  • 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.

  • Applicable Advance Rate For each Collateral Obligation and for the applicable number of Business Days between the certification date for a sale or participation required by Section 9.4 and the expected date of such sale or participation, the percentage specified below: Senior Secured Loans with a Market Value of: 90% or more of par 100 % 93 % 92 % 88 % Below 90% of par 100 % 80 % 73 % 60 % Other Collateral Obligations with a Xxxxx’x Rating of at least “B3” and a Market Value of 90% or more of par 100 % 89 % 85 % 75 % All other Collateral Obligations 100 % 75 % 65 % 45 %

  • Alternate Base Rate Advance means an Advance that bears interest in relation to the Alternate Base Rate as provided in Section 3.1(b).

  • Base Rate Margin has the meaning set forth in the definition of Applicable Margin.

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

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

  • Applicable Facility Fee Rate means, at any time, the percentage rate per annum at which Facility Fees are accruing on the Aggregate Commitment at such time as set forth in the Pricing Schedule.

  • 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.

  • 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.

  • Maximum Advance Rate means 80.0%.

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

  • Facility Fee Percentage means, as of any date, the percentage set forth in the column headed “Facility Fee Percentage” in Section 2.3 that is in effect on such date.

  • Alternate Base Rate means, for any day, a rate per annum equal to the greater of (a) the Prime Rate in effect on such day and (b) the Federal Funds Effective Rate in effect on such day plus 1/2 of 1%. Any change in the Alternate Base Rate due to a change in the Prime Rate or the Federal Funds Effective Rate shall be effective from and including the effective date of such change in the Prime Rate or the Federal Funds Effective Rate, respectively.

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

  • LIBOR Margin has the meaning given that term in Section 2.2.(c)(ii)(D).

  • Applicable Facility Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.14(C)(i) hereof determined in accordance with the provisions of Section 2.14(D)(ii) hereof.

  • Lender Rate means, with respect to each Interest Period, the prime commercial lending rate per annum established by the Trustee, as in effect on each day in the Interest Period.

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