Rate Option definition

Rate Option means the Eurodollar Rate or the Floating Rate.

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Rate Option means the Eurocurrency Rate or the Floating Rate, as applicable.

Rate Option means the Libor Rate or the Base Rate.

Examples of Rate Option in a sentence

In the case of the renewal of a Daily SOFR Rate Option or the Term SOFR Rate Option at the end of an Interest Period, the first day of the new Interest Period shall be the last day of the preceding Interest Period, without duplication in payment of interest for such day.
Any Loan Request that fails to select an Interest Rate Option shall be deemed to be a request for the Daily SOFR Rate Option.
If the Borrower provides any Loan Request related to a Loan at the Daily SOFR Rate Option or the Term SOFR Rate but fails to identify an Interest Period therefor, such Loan Request shall be deemed to request an Interest Period of one (1) month.
Any Loan Request that fails to select an Interest Rate Option shall be deemed to be a request for the Base Rate Option.
If the Borrower provides any Loan Request related to a Loan at the Term SOFR Rate Option but fails to identify an Interest Period therefor, such Loan Request shall be deemed to request an Interest Period of one (1) month.

More Definitions of Rate Option

Rate Option. A fluctuating rate per annum (computed on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed) equal to the Base Rate plus the Applicable Margin, such interest rate to change automatically from time to time effective as of the effective date of each change in the Base Rate; or

Rate Option means the Alternate Base Rate, the Eurodollar Rate or the Federal Funds/Euro-Rate.

Rate Option has the meaning given to it in the ISDA Definitions;

Rate Option means the Adjusted Prime Rate, the Adjusted LIBOR Rate or the Absolute Rate (only as applicable to Competitive Bid Loans). The Rate Option in effect on any date shall always be the Adjusted Prime Rate unless the Borrower has properly selected the Adjusted LIBOR Rate pursuant to Section 2.10 hereof or a Competitive Bid Loan pursuant to Section 2.16 hereof.

Rate Option or “Rate Options” - individually, and collectively, the choice of applicable interest rates and Interest Periods offered pursuant to this Agreement to establish the interest to be charged on certain portions of the unpaid principal borrowed hereunder from time to time.

Rate Option means the Alternate Base Rate, the Adjusted Term SOFR Rate or the Adjusted Daily Simple SOFR.

Rate Option has the meaning given to it in the applicable Final Terms or if not specified in the Final Terms, the ISDA Definitions;