Rate Option definition

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

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.


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 or “Rate Options” - The choice of applicable interest rates and Interest Periods offered to the Borrowers 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 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 means the Eurocurrency Rate or the Floating Rate or the Alternate Currency Rate, as applicable.
Rate Option has the meaning given to it in the applicable Final Terms or if not specified in the Final Terms, the ISDA Definitions;
Rate Option means the Adjusted Alternate Base Rate or the Adjusted LIBOR Rate. The Rate Option in effect on any date shall always be the Adjusted Alternate Base Rate unless the Borrower has properly selected the Adjusted LIBOR Rate pursuant to Section 2.11 hereof.