Optional Rate definition

Optional Rate means as to any Optional Rate Loan a rate of interest per annum to be determined at the time a Borrower gives a notice of borrowing for an Optional Rate Loan, which may be a fixed rate or a variable rate, and which shall be at a mutually agreeable margin over the cost to the applicable Lending Office to obtain Dollars or the Approved Currency in the jurisdiction in which the Optional Rate Loan is to be made.

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Optional Rate means the conversion rate, as set forth in Section III(B) of the Certificate, at which the Stock, and therefore the Depositary Shares, will be subject to upon conversion, and may be subject to upon redemption.

Optional Rate. Reinvestment Rate"; and "EBITDA".

Examples of Optional Rate in a sentence

Procedures upon Company's Exercise of Optional Rate Reset: Company Notice to Trustee Regarding Exercise of Reset Option.
Rate DS, Service at Secondary Distribution Voltage………………………………… 40 01/03/23 Rate GS-FL, Optional Unmetered for Small Fixed Loads…………………………… 41 01/03/23 Rate EH, Optional Rate for Electric Space Heating…………………………………..
At the expiration of each LIBOR Interest Period on such Permissible Increment, unless, in each case, Borrower selects a LIBOR Optional Rate as provided in Section 2.5 hereof, interest on such Permissible Increment shall again accrue at the Alternate Base Rate plus the Applicable Margin.
All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed, except that interest chargeable on account of Optional Rate Currency Advances shall be computed on the basis of a three hundred sixty five (365) day year where such computation is required by any law or is customary in the country of the Optional Currency.
Effective as of the Execution Date, the definitions in Section 1 of the Existing Agreement of each of the following terms are deleted in their entirety: "LIBOR-based Rate and London Interbank Offered Rate"; "Optional Rate"; "Reinvestment Rate"; and "EBITDA".
Any outstanding interest accrued before an Optional Rate Switch shall in any event be paid by the Borrower at latest on the Business Day before the Optional Rate Switch Date.
At the expiration of such Optional Rate on such Permissible Increment, unless, in each case, the Borrowers exercise the Optional Rate as provided in Section 2.2.9, interest shall again accrue at the Prime Rate plus the Applicable Margin.
The Agent shall be entitled to rely on any verbal communication of the election of a LIBOR Optional Rate which is received by a designated employee of the Agent from anyone reasonably believed in good faith by such employee to be authorized.
Optional Rate Refresh OECM’s goal is to keep Rates as low as possible for Customers.
No interest period for a portion of the Term Loan Optional Rate Portion may extend beyond the Term Loan Maturity Date (defined below).

More Definitions of Optional Rate

Optional Rate means the sum of the Adjusted LIBO Rate plus 1.50%.

Optional Rate means a rate selected by Borrower to be calculated by reference to the Adjusted LIBOR.

Optional Rate means the sum of the Adjusted LIBO Rate plus 1.50%. "Permanent Financing Period" means the period commencing on the Conversion

Optional Rate means a LIBOR-based Rate. -------------

Optional Rate means one of the optional interest rates provided under this Agreement, other than BofA's Reference Rate and UBOC's Prime Rate.

Optional Rate means the LIBOR plus the Applicable Margin.