Bank Offered Rate Sample Clauses

Bank Offered Rate. If the Borrower wishes to borrow funds at the Bank Offered Rate or to change the rate of interest on any advance to the Bank Offered Rate, it shall, at or before 10:00 A.M., Chicago time, on the date such borrowing or change is to take effect, which shall be a banking day of the Lender, give written or telephonic notice thereof, which shall be irrevocable. Such notice shall specify the advance to which the Bank Offered Rate is to apply and the desired maturity period (but not to exceed the maturity date of the Loan). The Lender shall then in its sole discretion offer or decline to offer a Bank Offered Rate (and if it offers a Bank Offered Rate, the rate of such Bank Offered Rate shall be in the Lender's sole discretion), and the Borrower shall irrevocably accept or decline such particular Bank Offered Rate and the related advance and confirm such acceptance in writing by letter or other written communication dated and sent the date of such borrowing or change. Without limiting the Borrower's obligations under any other document or instrument, the Lender may in offering such Bank Offered Rate and the related advance rely without inquiry upon any person whom it reasonably believes to be a party authorized to accept or decline such Bank Offered Rate and the related advance.
Sample 1
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Bank Offered Rate. If the Loans may bear interest at the Bank Offered Rate (pursuant to Section 2.1 hereinabove) and Borrower wishes to borrow funds at the Bank Offered Rate or to change the rate of interest on any Loan or portion thereof to the Bank Offered Rate, it shall, at or before 10:00 A.M., Chicago time on the date such borrowing or change is to take effect, which shall be a Banking Day (as hereinafter defined) of the Lender, give written or telephonic notice thereof, which shall be irrevocable. Such notice shall specify the Loan or portion thereof to which the Bank Offered Rate is to apply and the desired Interest Period (but not to exceed the maturity date of this Agreement). The Lender shall then in its sole discretion offer or decline to offer a Bank Offered Rate (and if it offers a Bank Offered Rate, the rate of such Bank Offered Rate shall be in the Lender's sole discretion), and the Borrower shall irrevocably accept or decline such particular Bank Offered Rate and the related Loan or portion thereof and confirm such acceptance in writing by letter or other written communication dated and sent the date of such borrowing or change. Without limiting the Borrower's obligations under any other document or instrument, the Lender may in offering such Bank Offered Rate and the related Loan or portion thereof rely without inquiry upon any person whom it reasonably believes to be a party authorized to accept or decline such Bank Offered Rate and the related Loan or portion thereof.
Sample 1

Related to Bank Offered Rate

  • London Interbank Offered Rate Benchmark Transition Event On March 5, 2021, the IBA, the administrator of the London interbank offered rate, and the FCA, the regulatory supervisor of the IBA, made the Announcements that the final publication or representativeness date for Dollars for (I) 1-week and 2-month London interbank offered rate tenor settings will be December 31, 2021 and (II) overnight, 1-month, 3-month, 6-month and 12-month London interbank offered rate tenor settings will be June 30, 2023. No successor administrator for the IBA was identified in such Announcements. The parties hereto agree and acknowledge that the Announcements resulted in the occurrence of a Benchmark Transition Event with respect to the London interbank offered rate pursuant to the terms of this Agreement and that any obligation of the Administrative Agent to notify any parties of such Benchmark Transition Event pursuant to clause (iii) of this Section 4.8(c) shall be deemed satisfied.

  • LIBOR Rate The election of LIBOR Rates shall be subject to the following terms and requirements:

  • Discount Rate For purposes of this Agreement, the term "Discount Rate" shall mean the applicable Federal short-term rate determined under Section 1274(d) of the Code or its successor. If such rate is no longer determined, the Discount Rate shall be the yield on 2-year Treasury notes for the most recent period reported in the most recent issue of the Federal Reserve Bulletin or its successor, or, if such rate is no longer reported therein, such measure of the yield on 2-year Treasury notes as the Company may reasonably determine.

  • LIBOR Borrower may prepay principal on any portion of this Note which bears interest determined in relation to LIBOR at any time and in the minimum amount of One Hundred Thousand Dollars ($100,000.00); provided however, that if the outstanding principal balance of such portion of this Note is less than said amount, the minimum prepayment amount shall be the entire outstanding principal balance thereof. In consideration of Bank providing this prepayment option to Borrower, or if any such portion of this Note shall become due and payable at any time prior to the last day of the Fixed Rate Term applicable thereto by acceleration or otherwise, Borrower shall pay to Bank immediately upon demand a fee which is the sum of the discounted monthly differences for each month from the month of prepayment through the month in which such Fixed Rate Term matures, calculated as follows for each such month:

  • Prime Heloc 2nd 5YR/10YR IO 4.5 CA 780.02 PRIME Heloc 2nd 5YR/10YR IO 0.75 CA 343.33 PRIME Heloc 2nd 5YR/10YR IO 1.875 CA 0 PRIME Heloc 2nd 5YR/10YR 1MO/1MO IO 1 CA 9.89 PRIME Heloc 2nd 15YR/10YR 1MO/1MO IO 0.25 NV 292.42 PRIME Heloc 2nd 5YR/10YR IO 3.25 CA 0 PRIME Heloc 2nd 5YR/10YR IO 1.5 CA 349.91 PRIME Heloc 2nd 5YR/10YR IO 0.5 CA 0 PRIME Heloc 2nd 5YR/10YR 1MO/1MO IO 1.5 CA 378.08 PRIME Heloc 2nd 5YR/10YR IO 2.5 WA 329.11 PRIME Heloc 2nd 15YR/10YR 1MO/1MO IO 2 CA 0 PRIME Heloc 2nd 5YR/10YR 1MO/1MO IO 1.5 CA 203.15 PRIME Heloc 2nd 5YR/10YR 1MO/1MO IO 2.25 CA 0 PRIME Heloc 2nd 5YR/10YR IO 0.75 CA 0 PRIME Heloc 2nd 5YR/10YR IO 1 CA 395.29 PRIME Heloc 2nd 5YR/10YR IO 0.125 CO 416.5 PRIME Heloc 2nd 5YR/10YR IO 3.5 CA 0 PRIME Heloc 2nd 5YR/10YR IO 4.5 CA 152.56 PRIME Heloc 2nd 15YR/10YR 1MO/1MO IO 0.5 MD 0 PRIME Heloc 2nd 5YR/10YR IO 2.75 CA 0 PRIME Heloc 2nd 5YR/10YR IO 2.625 OR 185.86 PRIME Heloc 2nd 5YR/10YR IO 1.25 CA 0 PRIME Heloc 2nd 5YR/10YR IO 0.5 NV 0 PRIME Heloc 2nd 5YR/10YR 1MO/1MO IO 2.25 OR 187.83 PRIME Heloc 2nd 5YR/10YR IO 2.5 AZ 99.03 PRIME Heloc 2nd 5YR/10YR IO 2.25 CA 832.79 PRIME Heloc 2nd 5YR/10YR IO 3 CA 0 PRIME Heloc 2nd 5YR/10YR IO 2.75 CA 0 PRIME Heloc 2nd 5YR/10YR IO 3 CA 242.05 PRIME Heloc 2nd 5YR/10YR 1MO/1MO IO 2 FL 330.25 PRIME Heloc 2nd 15YR/10YR 1MO/1MO IO 0.5 CA 1137.02 PRIME Heloc 2nd 5YR/10YR IO 3.25 CA 476.04 PRIME Heloc 2nd 5YR/10YR IO 3.25 DC 991.78 PRIME Heloc 2nd 15YR/10YR 1MO/1MO IO 1 NC 0 PRIME Heloc 2nd 5YR/10YR IO 4.5 FL 118.48 PRIME Heloc 2nd 5YR/10YR IO 3.25 NJ 299.49 PRIME Heloc 2nd 5YR/10YR IO 1.125 VA 0 PRIME Heloc 2nd 5YR/10YR IO 3.25 PA 266.3 PRIME Heloc 2nd 5YR/10YR IO 3.25 IL 182.39 PRIME Heloc 2nd 5YR/10YR IO 0.75 GA 127.13 PRIME Heloc 2nd 15YR/10YR 1MO/1MO IO 0.25 GA 0 PRIME Heloc 2nd 5YR/10YR 1MO/1MO IO 2.5 VA 0 PRIME Heloc 2nd 5YR/10YR IO 1.75 OH 68.01 PRIME Heloc 2nd 5YR/10YR IO 2.25 MI 264.5 PRIME Heloc 2nd 5YR/10YR IO 2.5 VA 387.41 PRIME Heloc 2nd 15YR/10YR 1MO/1MO IO 1.125 FL 249.92 PRIME Heloc 2nd 5YR/10YR IO 3.5 NY 0 PRIME Heloc 2nd 15YR/10YR 1MO/1MO IO 1 VA 129.79 PRIME Heloc 2nd 15YR/10YR 1MO/1MO IO 2.5 CO 274.09 PRIME Heloc 2nd 5YR/10YR IO 0.5 CA 0 PRIME Heloc 2nd 5YR/10YR IO 3 CO 0 PRIME Heloc 2nd 5YR/10YR IO 2.5 NY 0 PRIME Heloc 2nd 5YR/10YR IO 1.75 FL 170.14 PRIME Heloc 2nd 5YR/10YR IO 3 VA 0 PRIME Heloc 2nd 5YR/10YR IO 1.75 FL 520.2 PRIME Heloc 2nd 5YR/10YR IO 0.625 MT 140.31 PRIME Heloc 2nd 5YR/10YR IO 2.5 IL 120.16 PRIME Heloc 2nd 5YR/10YR IO 3 IL 356.3 PRIME Heloc 2nd 5YR/10YR IO 3 NY 257.68 PRIME Heloc 2nd 15YR/10YR 1MO/1MO IO 1.875 FL 172.45 PRIME Heloc 2nd 5YR/10YR IO 3 CO 140.65 PRIME Heloc 2nd 5YR/10YR IO 3.75 CA 535.31 PRIME Heloc 2nd 15YR/10YR 1MO/1MO IO 1 NV 186.57 PRIME Heloc 2nd 15YR/10YR 1MO/1MO IO 0 CA 122.26 PRIME Heloc 2nd 5YR/10YR 1MO/1MO IO 2 CA 0 PRIME Heloc 2nd 5YR/10YR IO 1.5 CO 174.34 PRIME Heloc 2nd 5YR/10YR IO 3.25 GA 204.46 PRIME Heloc 2nd 5YR/10YR IO 1 OR 387.17 PRIME Heloc 2nd 5YR/10YR IO 2.625 CA 0 PRIME Heloc 2nd 5YR/10YR IO 2.25 VA 101.46 PRIME Heloc 2nd 5YR/10YR IO 2.25 MA 0 PRIME Heloc 2nd 5YR/10YR IO 3 IL 0 PRIME Heloc 2nd 5YR/10YR IO 3.5 VA 350.34 PRIME Heloc 2nd 5YR/10YR IO 1.25 NY 0 PRIME Heloc 2nd 15YR/10YR 1MO/1MO IO 2 FL 818.01 PRIME Heloc 2nd 15YR/10YR 1MO/1MO IO 1 VA 300.98 PRIME Heloc 2nd 5YR/10YR IO 0.125 IL 109.69 PRIME Heloc 2nd 5YR/10YR IO 3 AZ 0 PRIME Heloc 2nd 5YR/10YR IO 2 IL 115.97 PRIME Heloc 2nd 5YR/10YR IO 3 NY 0 PRIME Heloc 2nd 15YR/10YR 1MO/1MO IO 2.25 CA 0 PRIME Heloc 2nd 5YR/10YR IO 2.5 CO 0 PRIME Heloc 2nd 15YR/10YR 1MO/1MO IO 0.75 MI 14.54 PRIME Heloc 2nd 5YR/10YR 1MO/1MO IO 0.75 CA 0 PRIME Heloc 2nd 5YR/10YR IO 2.25 CA 0 PRIME Heloc 2nd 5YR/10YR IO 0.75 MD 249.56 PRIME Heloc 2nd 15YR/10YR 1MO/1MO IO 0.75 FL 382.7 PRIME Heloc 2nd 5YR/10YR IO 0.5 CA 867.11 PRIME Heloc 2nd 15YR/10YR 1MO/1MO IO 0.5 MN 0 PRIME Heloc 2nd 5YR/10YR IO 3 MD 716.87 PRIME Heloc 2nd 5YR/10YR IO 1.75 CA 0 PRIME Heloc 2nd 5YR/10YR IO 1.75 MA 0 PRIME Heloc 2nd 5YR/10YR IO 2 PA 194.06 PRIME Heloc 2nd 5YR/10YR IO 1.25 IL 0 PRIME Heloc 2nd 5YR/10YR IO 2.625 CO 324.08 PRIME Heloc 2nd 5YR/10YR IO 1.25 VA 0 PRIME Heloc 2nd 5YR/10YR IO 0.75 NV 552 PRIME Heloc 2nd 5YR/10YR IO 3 FL 480.46 PRIME Heloc 2nd 5YR/10YR IO 3 TN 313.99 PRIME Heloc 2nd 5YR/10YR IO 3.75 CA 0 PRIME Heloc 2nd 15YR/10YR 1MO/1MO IO 0 FL 0 PRIME Heloc 2nd 5YR/10YR IO 3.25 CA 0 PRIME Heloc 2nd 5YR/10YR 1MO/1MO IO 3.5 WA 222.18 PRIME Heloc 2nd 5YR/10YR IO 2.5 CA 0 PRIME Heloc 2nd 5YR/10YR IO 2.25 IL 206.1 PRIME Heloc 2nd 5YR/10YR IO 2.75 NC 0 PRIME Heloc 2nd 5YR/10YR IO 1.375 CO 0 PRIME Heloc 2nd 15YR/10YR 1MO/1MO IO 1.75 NV 190.68 PRIME Heloc 2nd 5YR/10YR IO 1.75 CA 0 PRIME Heloc 2nd 5YR/10YR IO 1 UT 261.54 PRIME Heloc 2nd 5YR/10YR IO 2.75 MA 0 PRIME Heloc 2nd 5YR/10YR IO 3.5 PA 302.91 PRIME Heloc 2nd 15YR/10YR 1MO/1MO IO 1.125 CA 92.93 PRIME Heloc 2nd 15YR/10YR 1MO/1MO IO 1.125 CA 0 PRIME Heloc 2nd 5YR/10YR IO 0.75 VA 0 PRIME Heloc 2nd 5YR/10YR 1MO/1MO IO 2 VA 0 PRIME Heloc 2nd 5YR/10YR IO 2.5 CA 0 PRIME Heloc 2nd 5YR/10YR 1MO/1MO IO 3.25 CA 0 PRIME Heloc 2nd 5YR/10YR 1MO/1MO IO 2.75 CA 0 PRIME Heloc 2nd 5YR/10YR 1MO/1MO IO 3 NV 604.03 PRIME Heloc 2nd 5YR/10YR IO 2.25 CA 906.85 PRIME Heloc 2nd 5YR/10YR 1MO/1MO IO 1 CA 0 PRIME Heloc 2nd 5YR/10YR 1MO/1MO IO 2.5 CA 497 PRIME Heloc 2nd 5YR/10YR IO 1 CA 0 PRIME Heloc 2nd 5YR/10YR IO 1 CA 0 PRIME Heloc 2nd 5YR/10YR IO 2.75 CA 0 PRIME Heloc 2nd 5YR/10YR IO 2.5 CA 1099.86 PRIME Heloc 2nd 5YR/10YR IO 2 PA 207.94 PRIME Heloc 2nd 15YR/10YR 1MO/1MO IO 0.25 CA 0 PRIME Heloc 2nd 5YR/10YR IO 2.75 GA 251.48 PRIME Heloc 2nd 5YR/10YR IO 2 CA 0 PRIME Heloc 2nd 5YR/10YR IO 1 CA 353 PRIME Heloc 2nd 5YR/10YR IO 2 CA 0 PRIME Heloc 2nd 15YR/10YR 1MO/1MO IO 2.25 MI 762.91 PRIME Heloc 2nd 15YR/10YR 1MO/1MO IO 0.625 CA 0 PRIME Heloc 2nd 5YR/10YR 1MO/1MO IO 1 CA 700.39 PRIME Heloc 2nd 5YR/10YR IO 1.5 CA 256.44 PRIME Heloc 2nd 5YR/10YR IO 2.5 CA 0 PRIME Heloc 2nd 15YR/10YR 1MO/1MO IO 2.25 NY 0 PRIME Heloc 2nd 5YR/10YR IO 2 NY 0 PRIME Heloc 2nd 5YR/10YR IO 2.25 CA 0 PRIME Heloc 2nd 5YR/10YR IO 1.25 CA 324.39 PRIME Heloc 2nd 5YR/10YR IO 0.5 MN 151.39 PRIME Heloc 2nd 5YR/10YR IO 2.25 AZ 244.6 PRIME Heloc 2nd 5YR/10YR IO 2.5 NV 0 PRIME Heloc 2nd 5YR/10YR IO 2.5 CA 0 PRIME Heloc 2nd 15YR/10YR 1MO/1MO IO 2 CA 478.34 PRIME Heloc 2nd 5YR/10YR IO 3.125 FL 188.41 PRIME Heloc 2nd 5YR/10YR IO 2.5 OR 0 PRIME Heloc 2nd 5YR/10YR IO 3.25 CA 260.87 PRIME Heloc 2nd 5YR/10YR IO 2.5 WA 420.68 PRIME Heloc 2nd 5YR/10YR IO 2.75 MN 0 PRIME Heloc 2nd 5YR/10YR IO 4.25 CA 205.79 PRIME Heloc 2nd 15YR/10YR 1MO/1MO IO 1 MI 0 PRIME Heloc 2nd 5YR/10YR IO 3.5 IL 0 PRIME Heloc 2nd 5YR/10YR IO 2.625 OH 0 PRIME Heloc 2nd 5YR/10YR IO 4 MD 324.8 PRIME Heloc 2nd 5YR/10YR IO 0.5 FL 0 PRIME Heloc 2nd 15YR/10YR 1MO/1MO IO 2.5 CA 360.16 PRIME Heloc 2nd 5YR/10YR 1MO/1MO IO 2 FL 0 PRIME Heloc 2nd 5YR/10YR IO 3 GA 0 PRIME Heloc 2nd 5YR/10YR IO 2.25 CA 0 PRIME Heloc 2nd 5YR/10YR 1MO/1MO IO 3 CA 0 PRIME Heloc 2nd 5YR/10YR 1MO/1MO IO 1.75 CA 256.72 PRIME Heloc 2nd 15YR/10YR 1MO/1MO IO 2.5 CA 476.68 PRIME Heloc 2nd 5YR/10YR IO 1.75 CA 1161.25 PRIME Heloc 2nd 5YR/10YR IO 0.25 OR 330.24 PRIME Heloc 2nd 5YR/10YR 1MO/1MO IO 1.75 NC 159.04 PRIME Heloc 2nd 5YR/10YR IO 2 CA 94.18 PRIME Heloc 2nd 5YR/10YR 1MO/1MO IO 3.25 CA 0 PRIME Heloc 2nd 5YR/10YR IO 0 VA 222.51 PRIME Heloc 2nd 5YR/10YR IO 2.5 CA 0 PRIME Heloc 2nd 5YR/10YR IO 3 CA 610.45 PRIME Heloc 2nd 5YR/10YR IO 0.75 WA 0 PRIME Heloc 2nd 5YR/10YR IO 2 CA 0 PRIME Heloc 2nd 5YR/10YR IO 0.75 CA 0 PRIME Heloc 2nd 5YR/10YR 1MO/1MO IO 0.625 OR 0 PRIME Heloc 2nd 5YR/10YR IO 3.375 CA 13.47 PRIME Heloc 2nd 15YR/10YR 1MO/1MO IO 0.5 CA 0 PRIME Heloc 2nd 5YR/10YR IO 2.75 CA 725.08 PRIME Heloc 2nd 5YR/10YR IO 1 CA 0 PRIME Heloc 2nd 5YR/10YR IO 4 CA 920.1

  • Money Market Loans (a) In addition to making Syndicated Borrowings, the Borrower may, as set forth in this Section 2.03, request the Banks to make offers to make Money Market Borrowings available to the Borrower. The Banks may, but shall have no obligation to, make such offers and the Borrower may, but shall have no obligation to, accept any such offers in the manner set forth in this Section 2.03, provided that:

  • Interest Rates; LIBOR Notification The interest rate on Eurodollar Loans is determined by reference to the LIBO Rate, which is derived from the London interbank offered rate. The London interbank offered rate is intended to represent the rate at which contributing banks may obtain short-term borrowings from each other in the London interbank market. In July 2017, the U.K. Financial Conduct Authority announced that, after the end of 2021, it would no longer persuade or compel contributing banks to make rate submissions to the ICE Benchmark Administration (together with any successor to the ICE Benchmark Administrator, the “IBA”) for purposes of the IBA setting the London interbank offered rate. As a result, it is possible that commencing in 2022, the London interbank offered rate may no longer be available or may no longer be deemed an appropriate reference rate upon which to determine the interest rate on Eurodollar Loans. In light of this eventuality, public and private sector industry initiatives are currently underway to identify new or alternative reference rates to be used in place of the London interbank offered rate. In the event that the London interbank offered rate is no longer available or in certain other circumstances as set forth in Section 2.14(c) of this Agreement, such Section 2.14(c) provides a mechanism for determining an alternative rate of interest. The Administrative Agent will notify the Borrower, pursuant to Section 2.14, in advance of any change to the reference rate upon which the interest rate on Eurodollar Loans is based. However, the Administrative Agent does not warrant or accept any responsibility for, and shall not have any liability with respect to, the administration, submission or any other matter related to the London interbank offered rate or other rates in the definition of “LIBO Rate” or with respect to any alternative or successor rate thereto, or replacement rate thereof, including without limitation, whether the composition or characteristics of any such alternative, successor or replacement reference rate, as it may or may not be adjusted pursuant to Section 2.14(c), will be similar to, or produce the same value or economic equivalence of, the LIBO Rate or have the same volume or liquidity as did the London interbank offered rate prior to its discontinuance or unavailability.

  • Eurodollar CDs Any Portfolio Securities which are Eurodollar CDs may be physically held by the European branch of the U.S. banking institution that is the issuer of such Eurodollar CD (a "European Branch"), provided that such Portfolio Securities are identified on the books of the Bank as belonging to the Fund and that the books of the Bank identify the European Branch holding such Portfolio Securities. Notwithstanding any other provision of this Agreement to the contrary, except as stated in the first sentence of this subsection 6.8, the Bank shall be under no other duty with respect to such Eurodollar CDs belonging to the Fund.

  • Competitive Bid Loans Subject to the terms and conditions set forth herein, a Borrower may, from time to time, during the period from the Closing Date until the date occurring seven days prior to the Maturity Date, request and each Lender may, in its sole discretion, agree to make Competitive Bid Loans to such Borrower; provided, however, that (A) the sum of the aggregate amount of Revolving Loans outstanding plus the aggregate amount of Competitive Bid Loans outstanding to the Borrowers on any day shall not exceed the Revolving Loan Commitment and (B) if a Lender makes a Competitive Bid Loan, such Lender’s obligation to make its pro rata share of any Revolving Loan shall not be reduced thereby.

  • Funding of Competitive Bid Loans Each Lender which is to make a Competitive Bid Loan shall make its Competitive Bid Loan available to the Administrative Agent by 2:00 p.m. on the date specified in the Competitive Bid Request by deposit of immediately available funds at the office of the Administrative Agent in New York, New York or at such other address as the Administrative Agent may designate in writing. The Administrative Agent will, upon receipt, make the proceeds of such Competitive Bid Loans available to the relevant Borrower.

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