Common use of Agreed Rate Clause in Contracts

Agreed Rate. With respect to any period for which interest is to be calculated, the Citibank, N.A. "base rate" from time to time in effect for each day in such period, calculated by multiplying the Citibank, N.A. "base rate" by the number of days such "base rate" is in effect, determining the sum of the products obtained thereby and dividing such sum by the number of days in such period. Alternate. See Section 3.2.(B).

Appears in 4 contracts

Samples: Revolving Credit Agreement (Lyondell Chemical Co), Credit Agreement (Lyondell Chemical Co), Limited Partnership Agreement (Lyondell Chemical Co)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.