Loan Reference Rate definition
Examples of Loan Reference Rate in a sentence
The Guarantor must pay interest at the Commonwealth Bank of Australia Corporate Loan Reference Rate plus two (2%) per cent on each part of the Client’s Obligations which is a monetary amount from time to time owing under this Guarantee that is not paid when due.
Facility Expiry Date {[Expiry Date]} {[Total Term] [Term Units] from the initial Drawdown Date} Interest Rate Our variable Business Edge Loan Reference Rate{ {plus less} a Margin of [Margin %] per annum}.
If the Relevant Screen Rate is unavailable, the Agent Bank will request the principal London Office of each of the Reference Banks to provide the Agent Bank with its offered quotation to leading Banks for Sterling Deposits of (pound)10,000,000 for the Loan Reference Rate in the London inter-bank market as at or about 11.00 am London time on such Loan Tranche Interest Reset Date.
Each Revolving Loan that is a Reference Rate Loan shall bear interest on the principal amount thereof from time to time outstanding, from the date of such Loan until such principal amount becomes due, at a rate per annum equal to the Reference Rate plus the Revolving Loan Reference Rate Margin.
Interest on the unpaid principal balance of (i) each LIBOR Rate Loan, Reference Rate Loan bearing interest based off LIBOR and CP Rate Loan shall be calculated on the basis of the actual days elapsed in a year consisting of 360 days and (ii) each Reference Rate Loan (other than when the Reference Rate is calculated based off LIBOR) shall be calculated on the basis of the actual days elapsed in a year consisting of 365 or 366 days, as the case may be.
Interest on the unpaid principal balance of (i) each LIBOR Rate Loan, Cost of Funds Rate Loan, Reference Rate Loan bearing interest based off LIBOR, CDOR Rate Loan and CP Rate Loan shall be calculated on the basis of the actual days elapsed in a year consisting of 360 days and (ii) each Reference Rate Loan (other than when the Reference Rate is calculated based off LIBOR) shall be calculated on the basis of the actual days elapsed in a year consisting of 365 or 366 days, as the case may be.
If the Relevant Screen Rate is unavailable, the Agent Bank will request the principal London Office of each of the Reference Banks to provide the Agent Bank with its offered quotation to leading Banks for Sterling Deposits of (GBP)10,000,000 for the Loan Reference Rate in the London inter-bank market as at or about 11.00 am London time on such Loan Tranche Interest Reset Date.
Each portion of the Term Loan that is a Reference Rate Loan shall bear interest on the principal amount thereof from time to time outstanding, from the date of such Loan until such principal amount is repaid, at a rate per annum equal to the Reference Rate plus the Term Loan Reference Rate Margin.