Basic Interest Rate. The Producer shall pay the Administrator Interest at the following rates on the outstanding balance of all Advances made by the Administrator to the Producer pursuant to this Agreement from the date of each Advance until all Advances, Interest, and Costs are paid in full:
Basic Interest Rate shall be as defined in Section 3.1.
Basic Interest Rate means a rate per annum equal to (a) from the Closing Date until the day immediately preceding the Amendment No. 1 Effective Date, the greater of (i) the fluctuating rate of interest announced from time to time in The Wall Street Journal as the “US prime rate” (or if such rate is no longer published by The Wall Street Journal, such rate as the Agent shall announce from time to time as its “prime rate”, which rate is not necessarily the lowest rate that the Agent charges to its customers) plus 5.50% and (ii) 9.00% and (b) from the Amendment No. 1 Effective Date until maturity (whether by acceleration or otherwise), a rate per annum equal to 8.00%.
Examples of Basic Interest Rate in a sentence
The interest rate will then be 5 %points above the Basic Interest Rate.
However, in the case the rate that applies to the calculation period of the interest rate does not exist, what is calculated based on the method stated in the contract will be the Basic Interest Rate that applies to the concerned period.
The interest rate for default will be 5pct-points above the Basic Interest Rate.
The interest rate will then be 5 % points above the Basic Interest Rate.
In the case of floating rate assets and liabilities the Bank is also exposed to basis risk, which is the difference in repricing characteristics of the various floating rate indices, such as the Bulgarian Basic Interest Rate, the LIBOR and EURIBOR, although these indices tend to move in high correlation.
More Definitions of Basic Interest Rate
Basic Interest Rate means with respect to each Loan: (i) 10% per annum during the period commencing on the Closing Date and ending on the first anniversary of the Closing Date; and (ii) 20% per annum during the period commencing on the first anniversary of the Closing Date and ending on the payment in full of the Loan.
Basic Interest Rate. (BIR) shall mean a variable interest rate index used by the Bank as basis for calculating the interest rate on the loan. BIR shall be approved by the Managing Board of the Bank and calculated for each individual type of currency, following a method announced by the Bank, on the basis of the ratio between the projected costs of the liabilities of the Bank and the market interest rates for the same currency, applicable to credits in local and foreign currency. BIRce shall mean the Basic Interest Rate adjusted with market environment ratio. BIR shall be applied as a reference interest rate for credit agreements entered into before 23 July 2014;
Basic Interest Rate the per annum rate of interest described in the Schedule as the Basic Interest Rate.
Basic Interest Rate means, for any Quarterly Period, a rate per annum equal to the Chartered Bank Prime Business Rate published for the Wednesday before the first (1st) day of that Quarterly Period plus TWO PERCENT (2%) rounded to the nearest ONE-QUARTER PERCENT (1/4%). Where the expressions “TWO PERCENT (2%)” AND “ONE-QUARTER PERCENT (1/4%)” are used in this definition, such reference is to percentage points such that, for example, if the Chartered Bank Prime Business Rate published for the Wednesday before the Quarterly Period commencing the first (1st) day of January of a calendar year is SIX AND THIRTY-SEVEN ONE HUNDREDTHS PERCENT (6.37%), the Basic Interest Rate during that Quarterly Period would be EIGHT AND ONE-QUARTER PERCENT (8 1/4%);
Basic Interest Rate has the meaning ascribed thereto in Section 4.02;
Basic Interest Rate. For the first rate, in order to utilize the short term money market rates an adaptable rate, from the second rate the rate shall be calculated 2 days prior to the payment of interest date, by requesting the Offer Trade for the National TIBOR 3 month rate on display at TELERATE 17097 at 11am Tokyo time.
Basic Interest Rate means the interest rate corresponding to the Reference Loan Period, among Japanese yen Tokyo interbank offered rates (on the Telerate Page 17097 or the page inherited from it) published by Japanese Bankers Association at 11:00 a.m. or as soon as possible after 11:00 a.m., on the day falling two Business Days before the relevant Preferred Drawdown Date. If such rates are not released for whatever reason, the Basic Interest Rate shall be an interest rate (expressed as an annualized rate) reasonably determined by the Agent, at or immediately before 11:00 a.m., on the day prior to the two Business Days, as an offered rate for yen-fund loan transactions made in the Tokyo interbank market, during the period corresponding to the Reference Loan Period.