Absolute Rate definition

Absolute Rate means a fixed rate of interest expressed in multiples of 1/100th of one basis point.

Absolute Rate has the meaning given that term in Section 2.2.(c)(ii)(C).

Absolute Rate means, with respect to an Absolute Rate Loan made by a given Lender for the relevant Absolute Rate Interest Period, the rate of interest per annum (rounded to the nearest 1/10,000 of 1%) offered by such Lender and accepted by the Borrower pursuant to Section 2.05.

Examples of Absolute Rate in a sentence

• The following capitalized terms shall have the meanings set forth in this §1 or elsewhere in the provisions of this Agreement referred to below: Absolute Rate.

• A Bid Rate Loan that bears interest at a rate determined with reference to an Absolute Rate.

• As to any Revolving Credit Loan or Incremental Term Loan, its nature as a Base Rate Loan, a Daily SOFR Loan, a Term SOFR Loan, an Alternative Currency Daily Rate Loan or an Alternative Currency Term Rate Loan, and as to any Bid Rate Loan, its nature as an Absolute Rate Loan or an Index Rate Loan.

• Borrower may request the submission of Competitive Bids by delivering a Bid Request to Administrative Agent not later than 1:00 p.m., (a) one Business Day prior to the requested date of any Bid Borrowing that is to consist of Absolute Rate Bid Loans or SOFR Margin Bid Loans that are Daily Simple SOFR Rate Loans, or (b) four Business Days prior to the requested date of any Bid Borrowing that is to consist of SOFR Margin Bid Loans that are Term SOFR Rate Loans.

More Definitions of Absolute Rate

Absolute Rate means an interest rate (rounded to the nearest .0001) expressed as a decimal.

Absolute Rate means a fixed rate of interest (rounded to the nearest 1/100 of 1%) for an Absolute Interest Period with respect to a Competitive Bid Loan offered by a Lender and accepted by the Borrower at such rate.

Absolute Rate means, with respect to an Absolute Rate Loan made by a Revolving Credit Lender for the relevant Competitive Bid Interest Period, the rate of interest per annum (rounded to the nearest 1/100 of 1%) offered by such Revolving Credit Lender and accepted by the Borrower.

Absolute Rate means, with respect to an Absolute Rate Loan made by a given Lender for the relevant Absolute Rate Interest Period, the rate of interest per annum (rounded to the nearest 1/100 of 1%) offered by such Lender and accepted by the Borrower.

Absolute Rate shall have the meaning set forth in Section 3.02(c)(ii)(D) hereof.

Absolute Rate means a fixed annual rate, expressed as a percentage.

Absolute Rate has the meaning specified in subsection 2.07(c).