PBOC Base Rate definition

PBOC Base Rate means, subject to Clause 8.1(b) (Calculation of interest), in relation to a Loan, the prevailing official lending rate per annum on the Utilisation Date of that Loan as promulgated and announced by PBOC for loans with a term comparable to that Loan.
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PBOC Base Rate means, in respect of any RMB Loan, the base rate applicable to any loan denominated in RMB of the same tenor, as announced by the People’s Bank of China on its official website on the Interest Rate Determination Date.
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PBOC Base Rate means, in respect of any Loan, the base rate applicable to any loan denominated in RMB of the same tenor, as announced by the People’s Bank of China on its official website on the Interest Rate Determination Date. “PRC” means the People’s Republic of China, which for the purposes of this Agreement, shall exclude the Hong Kong Special Administrative Region, the Macau Special Administrative Region and Taiwan. “Project” means the manufacturing project of the Borrower (excluding any future expansion of the project which is not financed by the Facility), for the manufacture of large scale and high strength aluminum alloy plates, to be established in the Jingkou Science and Technology Industrial Zone, Zhenjiang City, Jiangsu Province, PRC. “Representations” has the meaning set forth in Section 15 (Representations and Warranties). “Revenue Account” means the account opened with the Lender by and in the name of the Borrower for the settlement of operational income of the Borrower. “RMB” means the lawful currency of the PRC. “Second Currency” has the meaning set forth in Section 13.1 (Currency Indemnity). “Sum” has the meaning set forth in Section 13.1 (Currency Indemnity). “Syndicate” has the meaning set forth in Section 19.2(a). “Syndicate Loan Documents” has the meaning set forth in Section 19.2(d). 4 “Tax” means any tax, levy, impost, duty or other charge or withholding of a similar nature (including any penalty or interest payable in connection with any failure to pay or any delay in paying any of the same). “Third Party Financing Terms” has the meaning set forth in Section 16.2(a). “Transferee Lender” has the meaning set forth in Section 19.1 (Assignments and Transfers by a Lender). “Unpaid Sum” means any sum due and payable but unpaid by the Borrower under any Finance Document. “Utilisation” means a utilisation of the Facility. “Utilisation Date” means the date of making an utilisation of the Facility, being the date on which the relevant Loan is made. “Utilization Request” means a notice substantially in the form set out in Schedule 2 (Form of Utilization Request).
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Examples of PBOC Base Rate in a sentence

  • The rate of interest which shall accrue on each Loan for each Interest Period is (A) Interest Relevant Percentage multiplied by (B) the applicable PBOC Base Rate.

  • If the interest on a Loan will be determined by reference to the PBOC Base Rate that does not exist any more (such event, a “Market Disruption Event”), the Lender shall promptly give written notice to the Borrower (such notice, the “Market Disruption Notice”), notifying it of such fact and that this Section 10.1 is in operation.

  • The interest rate with respect to each Loan for each Interest Period relating thereto is 110% of the applicable PBOC Base Rate for the same period, as determined and/or adjusted on the relevant Interest Rate Determination Date.

  • The Onshore Term Loan is a term loan facility with a facility amount of RMB1 billion, with final maturity of three years from the date of the first utilization under the Onshore Facility Agreement and an interest of 106% times PBOC Base Rate per annum.


More Definitions of PBOC Base Rate

PBOC Base Rate the base interest rate determined by the People’s Bank of China as set out in the Onshore Facility Agreement
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Related to PBOC Base Rate

  • U.S. Base Rate means, on any day, the annual rate of interest equal to the greater of (a) the annual rate of interest announced by a commercial Canadian bank selected by the Lender and in effect as its base rate at its principal office in Toronto, Ontario on such day for determining interest rates on Dollar demand commercial loans in Canada, and (b) the sum of the Federal Funds (Effective) Rate plus 0.50% per annum.

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

  • 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.

  • 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.

  • 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.