US Base Rate Basis definition

US Base Rate Basis means the basis of calculation of interest on each Advance made at the US Base Rate, in accordance with the provisions of Sections 2.7, 4.1 and 4.2;
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US Base Rate Basis means the basis of calculation of interest on the US Base Rate Advances, or any part thereof, made using the US Base Rate, plus the Margin applicable to Prime Rate Advances.
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US Base Rate Basis means the calculation of interest on the US Base Rate Loans as provided in Sections 3.4 and 3.6;
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Examples of US Base Rate Basis in a sentence

  • However, if the Borrower has not delivered a notice to the Agent in a timely manner in accordance with the provisions of this Section 4.11, the Borrower shall be deemed to have chosen to have the interest on the amount of such Advance calculated on the US Base Rate Basis.

  • Where no specific provision for interest on any amount outstanding and payable by the Borrower is made in this Agreement, interest thereon shall be computed and payable on a US Base Rate Basis if the amount outstanding is denominated in US Dollars.

  • Where no specific provision for interest on any amount outstanding and payable by the Borrowers is made in this Agreement, interest thereon shall be computed and payable on a Prime Rate Basis if the amount outstanding is denominated in Canadian Dollars or on a US Base Rate Basis if the amount outstanding is denominated in US Dollars.

  • Each Cdn Lender hereby covenants to pay to the Cdn LC Issuing Lender as a purchase price of such claim an amount equal to such Rateable Share, in the manner and within the delays contemplated in Section 6.5. Any arrears on the payment of any such Rateable Share shall bear interest on a Prime Rate Basis if the amount of such arrears is denominated in Canadian Dollars or on a US Base Rate Basis if the amount of such arrears is denominated in US Dollars.

  • If any Lender does not make available the amount required under subsection 3.4.6 or 3.4.7, as the case may be, the Former Swing Line Lender shall be entitled to recover such amount on demand from such Lender, together with interest thereon, as applicable, at the Prime Rate Basis or US Base Rate Basis, as applicable, at such time from the date of non-payment until such amount is paid in full.

  • Any Advance where the Borrower requests that the interest thereon be calculated on a Prime Rate Basis or U.S. Base Rate Basis, as the case may be, shall be in a minimum amount of $1,000,000 Cdn or $1,000,000 U.S., and in multiples of $100,000 Cdn or $100,000 U.S. as the case may be.

  • Furthermore, climate change is a natural phenomena ▇▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇.▇▇▇/scien ce/climate-change-brings- needed-rain-to-africa Fox News “UN’s massive new climate report adds little explanation for pause in warming” Suggests that the climate change report by the UN does not explain why global temperature have not risen the last 15 years.

  • Where no specific provision with respect to interest on an outstanding portion of the Loan is contained in this Agreement, the interest on such portion of the Loan shall be calculated and payable on the Prime Rate Basis if the amount is in Canadian Dollars or on the US Base Rate Basis if the amount is in US Dollars.

  • Any arrears on the payment of any such Pro Rata Share shall bear interest on a Prime Rate Basis, in the case of LC Loans or Euro LC Loans (and in the latter case, based on the Equivalent in Canadian Dollars of the principal amount of the unpaid portion of the Pro Rata Share of such Lender of any Euro LC Loan) or a U.S. Base Rate Basis, in the case of U.S. LC Loans.

  • Where no specific provision for interest on any amount outstanding and payable by the Borrower is made in this Agreement, interest thereon shall be computed and payable on a Prime Rate Basis if the amount outstanding is denominated in Canadian Dollars or on a US Base Rate Basis if the amount outstanding is denominated in US Dollars.


More Definitions of US Base Rate Basis

US Base Rate Basis means the calculation of interest on the outstanding amount of monies advanced in U.S. Dollars under the Commitments or any portion thereof as provided under Sections 4.2 and 4.7; and
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US Base Rate Basis means the basis of calculation of interest on the US Base Rate Advances, or any part thereof, as set forth in Sections 5.3 and 5.4;
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Related to US Base Rate Basis

  • Base Rate Basis means a simple interest rate equal to the sum of (i) the Base Rate and (ii) the Applicable Margin applicable to Base Rate Advances for the applicable Loans. The Base Rate Basis shall be adjusted automatically as of the opening of business on the effective date of each change in the Base Rate to account for such change, and shall also be adjusted to reflect changes of the Applicable Margin applicable to Base Rate Advances.

  • Interest Rate Basis means the Base Rate Basis or the LIBOR Basis, as appropriate.

  • Alternate Base Rate means, for any day, a rate per annum equal to the greatest of (a) the Prime Rate in effect on such day, (b) the Base CD Rate in effect on such day plus 1% and (c) the Federal Funds Effective Rate in effect on such day plus 1/2 of 1%. Any change in the Alternate Base Rate due to a change in the Prime Rate, the Base CD Rate or the Federal Funds Effective Rate shall be effective from and including the effective date of such change in the Prime Rate, the Base CD Rate or the Federal Funds Effective Rate, respectively.

  • Corporate Base Rate means a rate per annum equal to the corporate base rate of interest announced by First Chicago from time to time, changing when and as said corporate base rate changes.

  • 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.