Applicable Index Rate definition
Examples of Applicable Index Rate in a sentence
All Overadvances shall constitute Index Rate Loans and at the written request of Agent or the Requisite Lenders shall bear interest at the Index Rate plus the Revolving Loan Applicable Index Rate Margin and shall bear interest at the Default Rate only if not repaid within three (3) Business Days.
Competitive Loans the rate of interest applicable to which is equal to a fixed percentage rate per annum specified by the Competitive Loan Lender making such Loan in its Competitive Loan Offer (as opposed to a rate composed of the Applicable Index Rate plus or minus a margin).
During any Interest Period, (a) if the Applicable Index Rate is USD-OBFR, then the interest for such Interest Period shall be computed daily, based on the Applicable Interest Rate for such day, and (b) if the Applicable Index Rate is any other rate, then the Bank shall compute the interest in a commercially reasonable manner.
Competitive Loans the rate of interest applicable to which is equal to the Applicable Index Rate plus or minus a margin.
It is to be noted that in the present final evaluation, the modified indicators from the 2011 PIR, derived from the suggestions made by the MTE are used.