Rate Option definition
Examples of Rate Option in a sentence
The notice shall specify an Interest Period during which such Interest Rate Option shall apply.
Such Letter of Credit Borrowing shall be due and payable on demand (together with interest) and shall bear interest at the rate per annum applicable to the Revolving Credit Loans under the Base Rate Option.
Absent due notice from the Borrower of conversion or prepayment, such Loan shall automatically be converted to the Base Rate Option otherwise available with respect to such Loan upon such specified date.
Interest on Loans to which the Base Rate Option applies shall be due and payable in arrears on each Payment Date.
Where ISDA Determination applies to the calculation of interest, the applicable Final Terms will also specify the applicable Floating Rate Option, Designated Maturity and Reset Date.