Indenture Trustee Advance Rate definition
Indenture Trustee Advance Rate. With respect to any advance by the Indenture Trustee hereunder, a rate of interest per annum determined as of the date of such advance equal to the Base Rate.
Examples of Indenture Trustee Advance Rate in a sentence
All advances made by the Indenture Trustee under this subsection (b) shall accrue interest on behalf of the Indenture Trustee at the Indenture Trustee Advance Rate.
All advances made by the Indenture Trustee pursuant to this subsection (a) shall accrue interest on behalf of the Indenture Trustee at the Indenture Trustee Advance Rate.