Bank Base Rate means, with respect to any Purchaser for any day, a rate per annum equal to the sum of (i) the Base Rate with respect to such Purchaser on such date and (ii) the Applicable Percentage.
Bank Base Rate shall have the meaning assigned to that term in the Note Purchase Agreement.
Examples of Bank Base Rate in a sentence
Interest on a Plan 1 credit balance will accrue at the rate of RPI (or the Bank Base Rate plus 1% if this rate is less than RPI).
The low interest cap is currently in operation therefore the Plan 1 interest rate is set as the Bank Base Rate + 1%.
The interest rate on this Note is subject to change from time to time based on changes in an index which is the National City Bank Base Rate (the "Index").
The next MPC decision on the Bank Base Rate will be published on 4 November 2021.The MPC state that “since the August MPC meeting, the pace of recovery of global activity has showed signs of slowing.
Pursuant to the terms of the agreement, the loans will bear interest at the greater of the European Central Bank Base Rate and 0%, plus 5.5%, and Affimed is entitled to make interest only payments through December 1, 2022, or June 1, 2023 if Affimed draws on the third tranche of the loans.
More Definitions of Bank Base Rate
Bank Base Rate means the 90-day commercial xxxx rate as published on the “BKBM” page (or its successor or equivalent page) of the Reuters Monitor Screen (or its successor or equivalent screen) at or about 10.30 am on the day of calculation or in the absence of a quoted rate, the rate determined by the ANZ Bank being the average of the buy rates applicable on that day to bank accepted 90 day bills of exchange, or in the absence of such a determination, such rate as the Distributor may determine as the nearest practicable equivalent;
Bank Base Rate means the base lending rate published from time to time by the Bank of England. “Bank of Cyprus Group” means Bank of Cyprus Public Company Limited and its group entities. “Clearing Agent” means HSBC Bank Plc.
Bank Base Rate means a rate per annum equal to the greater of (i) the prime rate of interest announced publicly by the Administrative Agent (or an Affiliate) from time to time, changing when and as said prime rate changes (such rate not necessarily being the lowest or best rate charged by the Administrative Agent (or an Affiliate)) and (ii) the sum of (a) 1.5% and (b) the rate equal to the Federal Funds Rate.
Bank Base Rate means, in relation to any relevant period, the rate determined by the Bank at its sole and absolute discretion as the costs chargeable to borrowing clients. The Bank may at its sole and absolute discretion include or take into account, without limitation and without obligation to give an account of the different components, the following components: applica- ble reference rates, costs in connection with liquidity and funding arrangements, costs arising from capital, reserve, special deposit or other internal or regulatory requirements with respect to the amount in question, and any other costs and provisions. Each component of Bank Base Rate may fluctuate (individually or relatively) from time to time and if any such component of Bank Base Rate is determined by the Bank to be less than zero, the Bank shall have the right (but is not obliged) to assign a zero rate to such component.
Bank Base Rate means the base lending rate published by the Bank of England.
Bank Base Rate means, with respect to Notes held by any member of a Investor Group, a rate per annum equal to the greater of (i) the sum of (a) the prime rate of interest announced publicly by the applicable Managing Agent (or the Affiliate of the Managing Agent that announces such rate) from time to time, changing when and as said prime rate changes (such rate not necessarily being the lowest or best rate charged by such Managing Agent) and (b) 1.75% per annum (or if an Event of Default has occurred and is continuing plus 3.50% per annum) and (ii) the sum of (a) the rate equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published for such day (or, if such day is not a Business Day, for the next preceding Business Day) by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average of the quotations for such day for such transactions received by such Managing Agent from three Federal funds brokers of recognized standing selected by it and (b) 4.75% per annum (or if an Event of Default has occurred and is continuing plus 6.50% per annum).