Alternate Interest Rate definition

Alternate Interest Rate means a rate per annum equal to the sum of (i) the Base Rate plus (ii) the Applicable Rate.

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Alternate Interest Rate means, on any day, the per annum rate of interest that is equal to the sum of (i) the Federal Funds Rate in effect on such day plus (ii) one-quarter of one percent (0.25%) per annum (that is, 25 “basis points”) plus (iii) the Applicable Spread in effect on such day.

Alternate Interest Rate means, on any date with respect to any Series L Note, (a) the per annum rate of interest of ▇▇▇▇▇▇ Guaranty Trust Company of New York (or its successor) publicly announced in New York City as its prime rate on such date, plus (b) the Applicable Margin with respect to such Series L Note. Each change in such prime rate that is announced by ▇▇▇▇▇▇ Guaranty Trust Company of New York (or its successor) will be effective as of the effective date of such announcement or, if no such effective date is specified, as of the date of such announcement.

Examples of Alternate Interest Rate in a sentence

On or prior to the date of delivery of an Alternate Interest Rate Contract to the Trustee, the Authority shall furnish or cause to be furnished to the Trustee an opinion of counsel satisfactory to the Authority stating that the delivery of such Alternate Interest Rate Contract to the Trustee is authorized under the Indenture and complies with the terms of this Series Indenture.
If such notice is given, and until such notice has been withdrawn by Agent, all Loans, Swing Line Loans and Letter of Credit Advances shall bear interest at the Alternate Interest Rate rather than by reference to the LIBOR Market Index Rate.
Any LIBOR Rate Loan Facility outstanding at the commencement of any such suspension shall be converted at the end of the then current Interest Period into an Alternate Interest Rate Loan unless such suspension has then ended.
The Administrative Agent will promptly notify the Borrower and the Lenders if it determines that the circumstances giving rise to the Alternate Interest Rate Notice no longer exist.
Borrower may, in compliance with the other terms and conditions hereof, request Alternate Interest Rate Construction Loans during any periods in which the LIBOR Rate is suspended.

More Definitions of Alternate Interest Rate

Alternate Interest Rate means a fluctuating per annum rate of interest as shall be in effect from time to time which rate shall at all times be equal to the Federal Funds Rate plus three percent (3%). Any change in the Alternate Interest Rate due to a change in the Federal Funds Rate shall be effective as of the effective date of such change in such Federal Funds Rate.

Alternate Interest Rate means an interest rate established periodically in accordance with the Indenture.

Alternate Interest Rate means a rate per annum less than or equal to the cost to the Noteholder (as determined by the Noteholder in good faith) as its blended cost to fund the relevant amounts.

Alternate Interest Rate means a rate per annum less than or equal to the cost to the Administrative Agent (as determined by the Administrative Agent in good faith) as its blended cost to fund the relevant amounts. For the avoidance of doubt, the Administrative Agent shall be under no obligation to disclose any non-public information used in determining the Alternate Interest Rate.

Alternate Interest Rate means the greater of (i) the Prime Rate in effect on such day, and (ii) the Federal Funds Effective Rate in effect on such day plus 2%. Any change in the Alternate Interest Rate due to a change in the Prime Rate or the Federal Funds Effective Rate shall be effective on the effective day of such change in the Prime Rate or the Federal Funds Effective Rate, respectively.

Alternate Interest Rate means 100 basis points more than the rate of interest per annum publicly announced from time to time by The Chase Manhattan Bank as its prime rate in effect at its principal office in New York City; each change in such prime rate shall be effective from and including the date such change is publicly announced as being effective.

Alternate Interest Rate means a fluctuating per annum rate of interest as shall be in effect from time to time which rate shall at all times be equal to the Federal Funds Rate PLUS three percent (3%). Any change in the Alternate Interest Rate due to a change in the Federal Funds Rate shall be effective as of the effective date of such change in such Federal Funds Rate.