Alternate Rate definition

Alternate Rate means, for any day, the sum of (a) a rate per annum selected by the Administrative Agent, in its reasonable discretion based on market conditions in consultation with the Company (and any applicable Subsidiary Borrower) and the relevant Lenders, plus (b) the Applicable Margin for Eurocurrency Loans. When used in reference to any Loan, “Alternate Rate” refers to whether such Loan is bearing interest at a rate determined by reference to the Alternate Rate.

Alternate Rate means, with respect to each Interest Accrual Period, the per annum rate of interest of the Alternate Index, determined as of the Determination Date immediately preceding the commencement of such Interest Accrual Period.

Alternate Rate is defined in Section 2.4.

Examples of Alternate Rate in a sentence

• You should review the Tabular Detail - Alternate Rate pages, which show the effect of changing the hypothetical crediting rates of the Index Accounts.

• Information provided by PG&E will include, but is not limited to, “transition kits” for the MHP residents with information about construction work impacts, timing, account setup instructions, utility programs and services such as California Alternate Rate for Energy (CARE), medical assistance program, energy efficiency and demand response opportunities.

• For customers enrolled in the California Alternate Rate Assistance (CARE) or Family Electric Rate Assistance (FERA) programs, the twenty (20) percent discount will be applied to the CARE or FERA rate.

• Interest calculated at the Alternate Rate, when and if applicable, shall be due and payable immediately without notice or demand.

• The California Alternate Rate for Energy (CARE) program provides households with income below 200% of the Federal Poverty Level with a 20% discount on their energy bills.

More Definitions of Alternate Rate

Alternate Rate means the Base Rate.

Alternate Rate for any Fixed Period for any Funding Tranche means an interest rate per annum equal to the sum of (x) Applicable Margin per annum and (y) the Eurodollar Rate for such Fixed Period; provided, however, that in the case of:

Alternate Rate means, for any Rate Period for any Portion of Investment, an interest rate per annum equal to the sum of the Offshore Rate and the Applicable Margin for such Rate Period; provided, however, that, in the case of:

Alternate Rate for any Settlement Period for any Portion of Capital of the Purchased Interest means an interest rate per annum equal to: (a) 1.25% per annum above the Euro-Rate for such Settlement Period; provided, however, that if (x) it shall become unlawful for any Purchaser or Program Support Provider to obtain funds in the London interbank eurodollar market in order to make, fund or maintain any Purchased Interest, or if such funds shall not be reasonably available to any Purchaser or Program Support Provider, or (y) there shall not be at least two Business Days prior to the commencement of an applicable Settlement Period to determine a Euro-Rate in accordance with its terms, then the "Alternate Rate" shall be equal to the Base Rate in effect for each day during the remainder of such Settlement Period or (b) if requested by the Seller the Base Rate for such Settlement Period; provided, however, that the "Alternate Rate" for any day while a Termination Event exists shall be an interest rate equal to 2.00% per annum above the Base Rate in effect on such day.

Alternate Rate for any Settlement Period for any Portion of Capital means an interest rate per annum equal to: (a) 3.25% per annum above the Euro-Rate for such Settlement Period or, in the sole discretion of the applicable Purchaser, (b) the Base Rate for such Settlement Period; provided, that the “Alternate Rate” for any day while a Termination Event exists shall be an interest rate equal to the greater of (i) 3.00% per annum above the Base Rate in effect on such day and (ii) the “Alternate Rate” as calculated in clause (a) above.

Alternate Rate means a floating rate of interest equal to the Federal Funds Effective Rate plus 0.75% per annum. The Alternate Rate shall change when and as the Federal Funds Effective Rate changes. A written statement delivered to the Borrower by the Agent of the Alternate Rate shall be conclusive evidence of such rate.

Alternate Rate has the meaning specified in Section 2.7(b).