Alternative Term Rate definition

Alternative Term Rate means any rate specified as such in the Reference Rate Terms. “Alternative Term Rate Adjustment” means any rate which is either:
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Alternative Term Rate means, for any Interest Period, with respect to any Eurocurrency Rate Loan denominated in Euros, the rate per annum equal to EURIBOR.
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Alternative Term Rate means any rate specified as such in the Reference Rate Terms.
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Examples of Alternative Term Rate in a sentence

  • Alternative Term Rate Structure: Commercial Use – Vehicles to be used commercially, as defined on the applicable GAP Waiver Agreement, may be covered with a $55 surcharge for this optional coverage.

  • Not later than 11:00 a.m. (Eastern time), four Business Days prior to the requested date of such Borrowing or continuation of Alternative Term Rate Loans, the Administrative Agent shall notify the Borrower (which notice may be by telephone) whether or not the requested Interest Period has been consented to by all the Lenders.

  • Interest shall accrue on each Alternative Daily Rate Loan and Alternative Term Rate Loan for the day on which such Loan is made, and shall not accrue on any Alternative Daily Rate Loans or Alternative Term Rate Loans, or any portion thereof, for the day on which such Loans or such portion is paid, provided that any Alternative Daily Rate Loan and Alternative Term Rate Loan that is repaid on the same day on which it is made shall, subject to the terms of this Agreement, bear interest for one day.

  • Premium Variation - Alternative Term Rate Structure is not applicable to PROGRAM THREE.


More Definitions of Alternative Term Rate

Alternative Term Rate means any rate specified as such in Schedule 13 (Term Rate Terms).
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Alternative Term Rate. If paragraph (e) above applies but no Alternative Term Rate is available for the Interest Period of that Loan, the applicable Revolving Loan Term Rate shall be the aggregate of: (i) the Interpolated Alternative Term Rate for a period equal in length to the Interest Period of that Loan; and (ii) any applicable Alternative Term Rate CAS.
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Related to Alternative Term Rate

  • Adjusted Term SOFR Rate means, for any Interest Period, an interest rate per annum equal to (a) the Term SOFR Rate for such Interest Period, plus (b) 0.10%; provided that if the Adjusted Term SOFR Rate as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for the purposes of this Agreement.

  • Base Rate Term SOFR Determination Day has the meaning specified in the definition of “Term SOFR”.

  • Term Rate Period means any period of time during which a Group of 2024 Series A Variable Rate Bonds bears interest at the Term Rate.

  • Additional Term Loan has the meaning specified in Section 2.01(c).

  • Alternative Currency Term Rate means, for any Interest Period, with respect to any Credit Extension:

  • Base Rate Term Loan means a Term Loan that is a Base Rate Loan.

  • Additional Term Loans means any term loan added pursuant to Section 2.22, 2.23 or 9.02(c)(i).

  • Initial Term Loan shall have the meaning provided in Section 2.1(a).

  • ABR Term Loan means any Term Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • ABR Term SOFR Determination Day has the meaning specified in the definition of “Term SOFR”.

  • Term Rate means the per annum interest rate with respect to Bonds in the Term Rate Mode determined pursuant to Section 2.09.

  • Original Term Loans means the "Term Loans" under, and as defined in, the Original Credit Agreement.

  • Three-Month Term SOFR Conventions means any determination, decision or election with respect to any technical, administrative or operational matter (including with respect to the manner and timing of the publication of Three-Month Term SOFR, or changes to the definition of “interest period,” timing and frequency of determining Three-Month Term SOFR with respect to each interest period and making payments of interest, rounding of amounts or tenors, and other administrative matters) that the Calculation Agent decides may be appropriate to reflect the use of Three-Month Term SOFR as the Benchmark in a manner substantially consistent with market practice (or, if the Calculation Agent decides that adoption of any portion of such market practice is not administratively feasible or if the Calculation Agent determines that no market practice for the use of Three-Month Term SOFR exists, in such other manner as the Calculation Agent determines is reasonably necessary).

  • Extended Term Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Initial Term Facility means the Initial Term Loan Commitments and the Initial Term Loans made hereunder.

  • Three-Month Term SOFR means the rate for Term SOFR for a tenor of three months that is published by the Term SOFR Administrator at the Reference Time for any Floating Interest Period, as determined by the Calculation Agent after giving effect to the Three-Month Term SOFR Conventions.

  • Initial Term Loans means the term loans made by the Lenders on the Closing Date to the Borrower pursuant to Section 2.01(a).

  • Adjusted Term SOFR means, for purposes of any calculation, the rate per annum equal to (a) Term SOFR for such calculation plus (b) the Term SOFR Adjustment; provided that if Adjusted Term SOFR as so determined shall ever be less than the Floor, then Adjusted Term SOFR shall be deemed to be the Floor.

  • Contract Term Adjustment means adjustment only as provided for in the three circumstances described in this Subsection. Under these circumstances, the contract term shall be adjusted in writing to include additional calendar days in one or more Normal Operating Seasons equal to the actual time lost, except as limited by paragraph (b) in this Subsection.

  • Periodic Term SOFR Determination Day has the meaning specified in the definition of “Term SOFR”.

  • LIBOR Term Loan means any Term Loan bearing interest at a rate determined by reference to the LIBOR Rate.

  • Incremental Term Maturity Date means, with respect to Incremental Term Loans of any Series, the scheduled date on which such Incremental Term Loans shall become due and payable in full hereunder, as specified in the applicable Incremental Facility Agreement.

  • Subsequent Rate Period means, with respect to any Series of RVMTP Shares, the period consisting of seven calendar days, but adjusted in each case to reflect any changes when the regular calendar day that is a Rate Determination Date is not a Business Day, from, and including, the first calendar day following the Initial Rate Period of such Series to, and including, the next Rate Determination Date for such Series and any period thereafter from, and including, the first calendar day following a Rate Determination Date for shares of such Series to, and including, the next succeeding Rate Determination Date for shares of such Series.

  • Term SOFR Rate means, with respect to any Term Benchmark Borrowing and for any tenor comparable to the applicable Interest Period, the Term SOFR Reference Rate at approximately 5:00 a.m., Chicago time, two U.S. Government Securities Business Days prior to the commencement of such tenor comparable to the applicable Interest Period, as such rate is published by the CME Term SOFR Administrator.

  • Additional Term Lender means any Lender with an Additional Term Loan Commitment or an outstanding Additional Term Loan.

  • Extended Term Loans has the meaning specified in Section 2.15(a).