Australian Base Rate means, for all Australian Swing Line Loans, on each day any such Australian Swing Line Loan is outstanding, a fluctuating rate per annum equal to the rate announced from time to time by the Reserve Bank of Australia as the “cash rate” at or about 10:30 a.m. (Sydney, Australia time) on such day. If such rate is not available at such time for any reason, then the “Australian Base Rate” shall be the rate per annum as otherwise agreed to by the applicable Australian Borrower and the Australian Swing Line Lender; provided that if such Australian Borrower and the Australian Swing Line Lender are unable to mutually agree on an acceptable rate, the Australian Swing Line Lender shall be under no obligation to provide Australian Swing Line Loans. Any change in such rate shall take effect at the opening of business on the Business Day of such change. If the Australian Base Rate shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement.
Australian Base Rate. For any day, a fluctuating rate per annum equal to (a) the RBA cash rate displayed at or about 10:30 a.m. (Sydney time) on such day on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time) plus (b) 3.00%. Any change in such RBA cash rate shall take effect at the opening of business on the day specified in the public announcement of such change.
Australian Base Rate means the greater of (a) Australian “cash rate” as determined by the Australian Reserve Bank Board, being the rate at which Australian banks borrow from and lend to each other on an overnight, unsecured basis as reflected at : xxxx://xxx.xxx.xxx.xx/ or (b) the Australian Bank Xxxx Rate for an Interest Period of one month plus one percent (1.00%) per annum. Any change in the Australian Base Rate shall take effect at the opening of business on the day specified in the public announcement of such change.
Examples of Australian Base Rate in a sentence
Each Swing Line Loan shall bear interest only at a rate based, in the case of Swing Line Loans denominated in U.S. Dollars, on Daily SOFR and, in the case of Swing Line Loans denominated in Australian Dollars, on the Australian Base Rate.
More Definitions of Australian Base Rate
Australian Base Rate means, with respect to Swing Line Loans denominated in Australian Dollars, on each day any such Swing Line Loan is outstanding, a fluctuating rate per annum equal to the rate announced from time to time by the Reserve Bank of Australia as the “cash rate” at or about 10:30 a.m. (Sydney time) on such day. If such rate is not available at such time for any reason, then the “Australian Base Rate” shall be the rate per annum as otherwise agreed to by the applicable Australian Borrower and the Swing Line Lender; provided, that (x) if the Australian Borrower and the Swing Line Lender are unable to mutually agree on an acceptable rate, the Swing Line Lender shall be under no obligation to provide Swing Line Loans denominated in Australian Dollars and (y) if the Australian Base Rate shall be less than zero, such rate shall be deemed zero for purposes of this Agreement. Any change in such rate shall take effect at the opening of business on the Business Day of such change.
Australian Base Rate means, with respect to U.S. Dollars funded outside the U.S., LIBOR as of 11.00 a.m. on the first Business Day in each month for a one month period, provided that to the extent a comparable or successor rate is approved by the Agent in connection herewith, the approved rate shall be applied in a manner consistent with market practice; provided, further that to the extent such market practice is not administratively feasible for the Agent, such approved rate shall be applied in a manner as otherwise reasonably determined by the Agent in consultation with Parent. Any change in such rate shall take effect at the opening of business on the day of such change.
Australian Base Rate means for any day, a fluctuating interest rate per annum (rounded upwards, if necessary, to the next 1/16 of 1%) publicly announced by Bank One, NA in Adelaide, Australia as its base rate (it being acknowledged that such announced rate may not necessarily be the lowest rate charged by Bank One, NA to any of its customers) in effect at its principal office in Adelaide, Australia; each change in the Australian Base Rate shall be effective on the date such change is publicly announced as being effective.
Australian Base Rate means the base commercial lending rate of interest charged by commercial banks as publicly announced by a bank located in Australia and selected by Agent in its sole discretion to be in effect from time to time, such rate to be adjusted automatically, without notice, on the effective date of any change in such rate.
Australian Base Rate means the greater of (a) Australian “cash rate” as determined by the Australian Reserve Bank Board, being the rate at which Australian banks borrow from and lend to each other on an overnight, unsecured basis as reflected at : http://www.rba.gov.au/ or (b) the Australian Bank Bill Rate for an Interest Period of one month plus one percent (1.00%) per annum. Any change in the Australian Base Rate shall take effect at the opening of business on the day specified in the public announcement of such change.
Australian Base Rate means, for all Australian Swing Line Loans, on each day any such Australian Swing Line Loan is outstanding, a fluctuating rate per annum equal to the rate announced from time to time by the Reserve Bank of Australia as the “cash rate” at or about 10:30 a.m. (Sydney, Australia time) on such day. If such rate is not available at such time for any reason, then the “Australian Base Rate” shall be the rate per annum as otherwise agreed to by the applicable Australian Borrower and 7 13608890v113608890v4
Australian Base Rate means, for any day, a per annum rate of interest equal to the sum of (a) the Australian Cash Rate, and (b) 1.00%; provided, that in no event shall the Australian Cash Rate be less than zero. Any change in such rate shall take effect at the opening of business on the applicable Business Day. “Australian Base Rate Loan” means, each portion of the Australian Revolver Loans or the Australian Floorplan Loans that bears interest at a rate determined by reference to the Australian Base Rate. “Australian Bill Rate” means, for any Interest Period for an Australian Bill Rate Loan, a per annum rate equal to the Bank Xxxx Xxxx Reference Bid Rate (“BBSY”), as published on the applicable Reuters screen page (or other commercially available source designated by Agent from time to time) on the applicable date of determination, with a term equivalent to such Interest Period; provided, that in no event shall the Australian Bill Rate be less than zero. “Australian Bill Rate Loan” means each portion of an Australian Revolver Loan or the Australian Floorplan Loans that bears interest at a rate determined by reference to the Australian Bill Rate. “Australian Borrowing Base Commencement Date” means the initial date after the Closing Date on which a satisfactory field examination and a satisfactory Inventory and Equipment appraisal with respect to Australian Borrowers has been completed by a field examiner and appraiser reasonably acceptable to the Agent.