USBR when used in reference to any Dollar Loan or Dollar Borrowing denominated in Dollars refers to whether such Loan, or the Loans comprising such Borrowing, are bearing interest by reference to the US Base Rate (Canada).
USBR means the United States Bureau of Reclamation.
USBR means the rate of interest per annum (based on a 365/366 day year) established by the Bank from time to time as the reference rate of interest for the determination of interest rates that the Bank charges to customers of varying degrees of creditworthiness for US dollar loans made by it in Canada. Any interest rate based on a period less than a year expressed as an annual rate for the purposes of the Interest Act (Canada) is equivalent to such determined rate multiplied by the actual number of days in the calendar year in which the same is to be ascertained and divided by the number of days in the period upon which it was based.
Examples of USBR in a sentence
The U.S. Bureau of Reclamation (hereinafter called USBR) manages, develops, and protects water and related resources in an environmentally and economically sound manner in the interest of the American public (43 U.S.C. Chapter 12).
Those rights established prior to 1964 were recognized by USBR in a Settlement Contract.
All surface water diversions and deliveries by Natomas are based on water rights and/or USBR settlement contract entitlements owned solely by Natomas.
The principal water supply facilities in California are operated by the USBR and DWR.
In California, the Mid-Pacific Region of the USBR is responsible for the management of the Central Valley Project (CVP).
More Definitions of USBR
USBR or "US Base Rate" means the rate of interest per annum, based on a 365 day year, established by the Lender from time to time as a reference rate for the determination of interest rates that the Lender charges to customers of varying degrees of creditworthiness for US dollar loans made by it in Canada. For purposes of this Facility, the US Base Rate will be the higher of the stated rate by the Lender or the Fed Funds Rate plus 1%.
USBR means the United States Department of the Interior, Bureau of Reclamation, or its duly authorized representative(s).
USBR means, for any day, the greatest of:
USBR means the higher of (i) the rate publicly announced by CIBC from time to time as its base rate for US Dollar commercial loans made in Canada, and (ii) the rate on overnight Federal Funds transactions with members of the Federal Reserve System in the United States, as published on the next succeeding business day by the Federal Reserve Bank in New York plus 0.50%. INTEREST PAYMENT In the case of any portion of the Term Loan DATES bearing interest based on USBR, monthly in arrears. In the case of any portion of the Term Loan bearing interest based on LIBOR, the earlier of (i) the last day of the interest period for such LIBOR Loan, and (ii) quarterly, in each case in arrears. DEFAULT RATE At any time when the Borrower is in default under the Credit Documentation, the principal amount of the Term Loan shall bear interest at 2% above the rate otherwise applicable thereto. Overdue interest, fees and other amounts shall bear interest at 2% above the rate applicable to USBR Loans. RATE AND FEE BASIS LIBOR interest rates are to be calculated on the basis of a year of 360 days, for the actual days elapsed. Unless otherwise stated, wherever in this Agreement reference is made to a rate of interest "per annum" or a similar expression is used, such interest will be calculated on the basis of a calendar year of 365 days or 366 days, as the case may be, and using the nominal rate method of calculation, and will not be calculated using the effective rate method of calculation or on any other basis that gives effect to the principle of deemed reinvestment of interest. All payments of interest to be made hereunder will be paid both before and after maturity and before and after default and/or judgment, if any, until payment thereof, and interest will accrue on overdue interest, if any. INTEREST ACT The annual rates of interest and fees to which the DISCLOSURE rates of interest and fees provided for herein (and stated herein to be calculated on the basis of a 360 day year) are equivalent are the rates so determined multiplied by the actual number of days in the applicable calendar year and divided by 360.
USBR means, at any time, the rate of interest per annum equal to the greater of (i) the lending rate which the principal office of the Administrative Agent announces from time to time as the reference rate of interest for commercial loans in U.S. Dollars made by it in Canada to its Canadian borrowers, adjusted automatically with each change in such rates, and (ii) an interest rate equal to the sum of (x) the Federal Funds Rate (expressed as a 365 day rate) and (y) 0.50% per annum.