Base Lending Rate means, for any day, the higher of (i) the rate announced by The Chase Manhattan Bank (the “Bank”) from time to time at its principal office in New York, New York as its prime rate for domestic (United States) commercial loans in effect on such day and (ii) the Federal Funds Rate (as hereinafter defined) in effect on such day plus 1/2%. (Such Base Lending Rate is not necessarily intended to be the lowest rate of interest charged by the Bank in connection with extensions of credit.) Each change in the Base Lending Rate shall result in a corresponding change in the interest rate and such change shall be effective on the effective date of such change in the Base Lending Rate.
Base Lending Rate means the weighted average of the cost of fund to any bank;
Base Lending Rate means the rate of interest established from time to time by the Bank as its base lending rate and may or may not be the lowest rate of interest charged by the Bank to any of its customers. Changes in the Base Lending Rate shall take effect on the date announced by the Bank unless otherwise specified in the announcement. / / FIXED RATE. At the rate of _____________ percent per annum. / / DISCOUNT. Interest to maturity has been deducted from the proceeds of the Note. Interest at the rate of _____________ percent per annum shall be paid on any amount not paid when due hereunder until that amount and any such interest are so paid. / / OTHER. INTEREST PAYMENTS (Check One) Interest, at the rate set forth above, shall be paid by the Borrower to the Bank as follows, or monthly in arrears if none are so marked: /X/ PERIODICALLY. Monthly, but if filled in then ________________, in arrears, with the first payment due on June 1, 1996 and each subsequent payment due on
Examples of Base Lending Rate in a sentence
Cash accounts with debit balances may be subject to interest charges of up to 3.00 percentage points above the Pershing Base Lending Rate (PBLR).
If there has been a change in the LPL Base Lending Rate, separate computations will be made with respect to each rate of charge for the appropriate number of days at each rate during the Interest Period.
When the LPL Base Lending Rate changes during an interest period, interest will be calculated according to the number of days each rate is in effect during that period.
When the Pershing Base Lending Rate changes during an interest period, interest will be calculated according to the number of days each rate is in effect during that period.
The LPL Base Lending Rate will be set with reference to commercially recognized interest rates, industry conditions relating to the extension of credit, and general market conditions.
More Definitions of Base Lending Rate
Base Lending Rate means the UK base rate published by the Royal Bank of Scotland, as varied from time to time.
Base Lending Rate means, at any time, the higher of, (a) the Prime Rate and (b) the rate that is 1/2 of 1% in excess of the Federal Funds Effective Rate.
Base Lending Rate means the variable per annum rate equal to the Base Rate plus the Applicable Base Lending Rate Margin.
Base Lending Rate means in relation to a currency, the base lending rate for that currency as established and quoted by us from time to time
Base Lending Rate means the minimum interest rate based on owner’s cost of funds and other administrative costs;
Base Lending Rate means the rate of interest fixed by the Lender from time to time based on the guidelines issued by Bank Negara Malaysia from time to time which is reflective of the total cost to the Lender for maintaining the Banking Facilities together with such allowable profit margin or such substituted rate by whatever name stipulated by the Lender from time to time pursuant to any subsequent guidelines issued by Bank Negara Malaysia or any other authority having jurisdiction over the Lender.
Base Lending Rate means an interest rate per annum, fluctuating daily, equal to the higher of (a) a rate announced by Creditanstalt-Bankverin from time to time at its principal office in Greenwich, Connecticut, as its prime date for domestic (United States) commercial loans in effect on such date; (b) the Federal Funds Rate in effect on such date plus one-half percent (1/2%). The Base Lending Rate is not necessarily intended to be the lowest rate of interest charge by Creditanstalt-Bankverin in connections with extension of credit. Each change in the Base Lending Rate shall result in the corresponding change in the interest rates hereunder with respect to a Base Rate Loan and such change shall be effective on the effective date of such change in the Base Lending Rate.