Base Prime Rate definition

Base Prime Rate means, for any day, the per annum rate of interest in effect for such day quoted by the Wall Street Journal as the “prime rate”.
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Base Prime Rate means the floating and fluctuating per annum prime rate of interest of the Lender, as established and declared by the Lender at any time or from time to time. The Base Prime Rate does not necessarily represent the lowest rate of interest charged by the Lender to borrowers.
Sample 1Sample 2
Base Prime Rate means, for any day, the per annum rate of interest in effect for such day quoted by the Wall Street Journal as the “prime rate”. “Basket Multiple” means, on any date of determination, a multiple as follows: (a) at any time prior to the achievement by Borrower and its Subsidiaries of (i) at least $130,000,000 in Net Revenue over any consecutive trailing 12 month period and (ii) Consolidated EBITDA of at least $1,000,000 over the same trailing 12 month period, one times (1x); (b) after any period during which Borrower and its Subsidiaries have achieved (i) at least $130,000,000 in Net Revenue over any consecutive trailing 12 month period and (ii) Consolidated EBITDA of at least $1,000,000 over the same trailing 12 month period, one and three-tenths times (1.3x); and (c) after any period during which Borrower and its Subsidiaries have achieved (i) at least $200,000,000 in Net Revenue over any consecutive trailing 12 month period and (ii) Consolidated EBITDA of at least $12,500,000 over the same trailing 12 month period, two times (2x).. Determination of the amounts set forth in clauses (a), (b) and (c) above shall be based upon the financial statements most recently furnished by Borrower to the Administrative Agent pursuant to Section 8.01(a) or Section 8.01(b). For the avoidance of doubt, if the Basket Multiple is increased pursuant to clause (b) or (c) above, it shall not thereafter be decreased. “Benchmark” means, initially, Adjusted Term SOFR; provided that if a Benchmark Transition Event has occurred with respect to the Term SOFR Reference Rate or the then-current Benchmark, then “Benchmark” means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior benchmark rate pursuant to Section 3.02(d)(iii). 136158242.1 136158242.6 3
Sample 1

Examples of Base Prime Rate in a sentence

  • For example, if the Prime Rate exceeds the Base Prime Rate by 0.25%, on the last day of the month, the Daily Discount Rate for the following month will increase by 0.0007%.

  • If the Prime Rate in effect on the last business day of any month exceeds the Base Prime Rate, the Daily Discount rate will be adjusted upward or downward on the last business day of each month by 0.0007% for each twenty-five (25) basis point fluctuation between the Prime Rate and the Base Prime Rate on such date; provided, however, that if the Prime Rate ever falls below the Base Prime Rate, then the Daily Discount Rate will never fall below 0.0333%.

  • For example, if the Prime Rate exceeds the Base Prime Rate by […***…], the Daily Discount Rate for the following […***…] will increase by […***…].

  • If the Prime Rate in effect on the last business day of any month exceeds the Base Prime Rate, the Daily Discount rate will be adjusted upward or downward on […***…] fluctuation between the Prime Rate and the Base Prime Rate on such date; provided, however, that if the Prime Rate ever falls below the Base Prime Rate, then the Daily Discount Rate will never fall below […***…].

  • A professional hearing officer who is employed by the government to preside over hearing and appeals involving governmental agencies.

  • If the Prime Rate in effect on the last business day of any month exceeds the Base Prime Rate, the Daily Discount rate will be adjusted upward or downward on […***…] fluctuation between the Prime Rate and the Base Prime Rate on such date; provided, however, that If the Prime Rate ever falls below the Base Prime Rate, then the Daily Discount Rate will never fall below […***…].

  • For example, if the Prime Rate exceeds the Base Prime Rate by […***…] the Daily Discount Rate for the following […***…] will increase by […***…].

  • If the Prime Rate in effect on the last business day of any month exceeds the Base Prime Rate, the Daily Discount rate will be adjusted on such date by 0.0007% for every twenty-five (25) basis points that the Prime Rate in effect on such date exceeds the Base Prime Rate; provided, however, that if the Prime Rate ever falls below the Base Prime Rate, then the Daily Base Discount Rate will remain 0.0333%.

  • For example, if the Prime Rate exceeds the Base Prime Rate by 0.25%, on the last day of the month, the Daily Base Discount Rate for the following month will increase by 0.0007%.

  • Any change in the interest rate on any of the Obligations resulting from a change in the Base Prime Rate shall become effective as of the opening of business on the day on which such change in the Base Prime Rate is announced.


More Definitions of Base Prime Rate

Base Prime Rate means the annual rate of interest announced by the Bank from time to time as being a reference rate in effect for determining interest rates on US Dollar commercial loans made in Canada;
Sample 1

Related to Base Prime Rate

  • U.S. Prime Rate means, at any time, the fluctuating annual rate of interest established by the Administrative Agent from time to time as being the reference rate of interest it will use at such time in the U.S.A. for determining rates of interest on USDollar commercial loans to its customers in the U.S.A. and designated at its US prime rate plus (b) the Applicable Margin; adjusted automatically with each change in the established, quoted or published rate, all without necessity of notice to the Borrower or any other Person.

  • Canadian Prime Rate means, on any day, the annual rate of interest equal to the greater of (a) the annual rate of interest announced by the Canadian Reference Lender and in effect as its prime rate at its principal office in Toronto, Ontario on such day for determining interest rates on Canadian Dollar-denominated commercial loans in Canada, and (b) the annual rate of interest equal to the sum of the one-month CDOR in effect on such day plus 1.0% per annum.

  • Prime Rate means the rate of interest per annum publicly announced from time to time by JPMCB as its prime rate in effect at its principal office in New York City; each change in the Prime Rate shall be effective from and including the date such change is publicly announced as being effective.

  • Base Rate means a fluctuating interest rate per annum in effect from time to time, which rate per annum shall at all times be equal to the highest of:

  • Prime Rate Spread means the difference (expressed as the number of basis points) between (a) LIBOR plus the Spread on the date LIBOR was last applicable to the Loan and (b) the Prime Rate on the date that LIBOR was last applicable to the Loan; provided, however, in no event shall such difference be a negative number.

  • Reference Rate means the rate specified as such hereon.

  • Adjusted Prime Rate A rate per annum equal to the sum of (a) the Prime Rate Margin and (b) the greater of (i) the Prime Rate or (ii) one percent (1%) in excess of the Federal Funds Effective Rate. Any change in the Adjusted Prime Rate shall be effective immediately from and after such change in the Adjusted Prime Rate.

  • Prime Rate Margin is one-quarter of one percent (0.25%).

  • Applicable Base Rate means (i) with respect to a Rate Period of fewer than 49 days, the greater of (a) the SIFMA Municipal Swap Index or (b) the LIBOR Rate, and (ii) with respect to a Rate Period of 49 or more days, the LIBOR Rate.

  • Lease Rate means for each 2016-1 Lease, the rent charge portion of each Monthly Payment, calculated on a constant yield basis at an imputed interest rate.

  • U.S. Base Rate means, on any day, the annual rate of interest equal to the greater of (a) the annual rate of interest announced by a commercial Canadian bank selected by the Lender and in effect as its base rate at its principal office in Toronto, Ontario on such day for determining interest rates on Dollar demand commercial loans in Canada, and (b) the sum of the Federal Funds (Effective) Rate plus 0.50% per annum.

  • Applicable Margin means, with respect to Advances of any Type at any time, the percentage rate per annum which is applicable at such time with respect to Advances of such Type as set forth in the Pricing Schedule.

  • Straight-time rate means the hourly rate of remuneration.

  • LIBOR Base Rate means, for each Interest Period, the London interbank offered rate for six-month deposits in Dollars for value the first day of such Interest Period (or, in the case of the initial Interest Period, for value the Interest Payment Date occurring on or next preceding the first day of such Interest Period), as reasonably determined by the Bank and expressed as a percentage per annum.

  • Adjusted LIBOR Rate means, at any time with respect to any LIBOR Loan, a rate per annum equal to the LIBOR Rate as in effect at such time plus the Applicable Margin Percentage for LIBOR Loans as in effect at such time.

  • €STR Reference Rate means, in respect of any TARGET Business Day, a reference rate equal to the daily Euro Short-Term Rate ("€STR") for such TARGET Business Day as provided by the European Central Bank, as administrator of such rate (or any successor administrator of such rate), on the website of the European Central Bank initially at http://www.ecb.europa.eu, or any successor website officially designated by the European Central Bank (the "ECB's Website") (in each case, at the time specified by, or determined in accordance with, the applicable methodology, policies or guidelines on the TARGET Business Day immediately following such TARGET Business Day).

  • LIBOR Applicable Margin means, as of any date with respect to any LIBOR Interest Period, the Applicable Margin in effect for such LIBOR Interest Period as determined in accordance with Section 2.4 hereof.

  • Applicable Prime Rate Margin shall have the meaning provided in section 2.7(g).

  • Applicable Reference Rate means, for any Eurocurrency Rate Loan denominated in any LIBOR Quoted Currency, LIBOR and for any Eurocurrency Rate Loan denominated in Euro that are made to Designated Borrowers that are Foreign Subsidiaries), EURIBOR, as applicable.

  • Original Reference Rate means the originally-specified benchmark or screen rate (as applicable) used to determine the Rate of Interest (or any component part thereof) on the Notes.

  • Fee Rate means initially 0.25% per annum, which shall be subject to increase by 0.25% per annum for each Week in respect of which any Failure has occurred and is continuing.

  • CDOR Rate is defined in the definition of “Eurocurrency Rate” herein.

  • Canadian Base Rate means at any time, the greater of (a) the Canadian Prime Rate and (b) except during any period of time during which a notice delivered to Centuri under Section 5.8 shall remain in effect, the annual rate of interest equal to the sum of (i) the CDOR Rate for an Interest Period of one month at such time plus (ii) one percent (1%) per annum; each change in the Canadian Base Rate shall take effect simultaneously with the corresponding change or changes in the Canadian Prime Rate or the CDOR Rate, as applicable.

  • Debt Rate means, with respect to (i) any Series of Equipment Notes, the rate per annum specified for such Series under the heading “Interest Rate” in Schedule I to the Trust Indenture (as amended, in the case of any Additional Series, at the time of original issuance of such Additional Series), and (ii) any other purpose, with respect to any period, the weighted average interest rate per annum during such period borne by the outstanding Equipment Notes, excluding any interest payable at the Payment Due Rate.

  • Curr Rate CLTV: Prin Bal: Maturity Date: Lien Pos: 4104753 WY 241 14 84265 40600 489.91 722 410475300000000 9 239 1 112000 11/22/2000 26 Cheyenne 82001 2 13.490 112 40566.5 12/01/2020 2 4104771 IL 181 14 166909 47400 623.3 687 410477100000000 6 179 1 185500 11/22/2000 49 Xxxxxxxx 60103 2 13.750 116 47319.82 12/01/2015 2 4104797 IN 301 14 103471 39600 454.09 748 410479700000000 8 299 1 115000 11/29/2000 47 Carmel 46032 2 13.250 125 39583.15 12/04/2025 2 4104815 IN 181 14 81357 23125 302.17 689 410481500000000 6 180 1 87500 12/08/2000 36 Seymour 47274 2 13.630 120 23085.4 01/01/2016 2 4104842 MI 181 4 34420 35000 465.88 683 410484200000000 6 179 1 60000 11/27/2000 41 Sterling Height 48312 2 13.990 116 34942.16 12/01/2015 2 4104870 NE 301 14 34273 28000 413.71 650 410487000000000 8 300 1 50000 12/11/2000 45 Xxxxxxxx 68319 2 17.500 125 28000 01/01/2026 2 4104879 IL 181 9 145656 50000 712.68 661 410487900000000 6 178 1 157000 10/13/2000 37 OSWEGO 60543 2 15.380 125 49854.97 11/01/2015 2 4104916 PA 301 14 46542 34000 415.8 691 410491600000000 8 300 1 65000 12/05/2000 38 Bethlehem 18018 2 14.250 124 33987.95 01/01/2026 2 4104922 FL 181 14 69816 35000 465.88 698 410492200000000 6 179 1 85000 11/22/2000 49 Miami 33169 2 13.990 124 34883.65 12/01/2015 2 4104961 AZ 241 14 86158 57550 673.84 728 410496100000000 9 240 1 115000 12/08/2000 32 Glendale 85308 2 12.990 125 57550 01/01/2021 2 4105059 NJ 301 14 142700 49000 552.28 687 410505900000000 8 299 1 175000 11/28/2000 50 Somerville 8876 2 12.990 110 48978.14 12/04/2025 2 4105078 MI 301 14 78750 20000 232.98 711 410507800000000 8 299 1 79000 11/21/2000 45 Manton 49663 2 13.490 125 19991.85 12/01/2025 2 4105272 SC 301 14 73750 20000 235.03 695 410527200000000 8 300 1 75000 12/07/2000 39 Greenville 29609 2 13.630 125 19992.05 01/01/2026 2 4105298 IN 301 14 89533 25400 286.28 741 410529800000000 8 300 1 92000 12/11/2000 39 Bloomfield 47424 2 12.990 125 25400 01/01/2026 2 4105349 IL 181 14 148000 40500 525.55 726 410534900000000 6 180 1 165000 12/12/2000 44 Lake Villa 60046 2 13.490 115 40429.74 01/01/2016 2 4105385 IL 181 14 39861.77 47600 621.97 681 410538500000000 6 180 1 70000 12/13/2000 37 Chillocothe 61523 2 13.630 125 47518.49 01/01/2016 2 Page 261 of 409

  • SONIA Reference Rate means, in respect of any London Banking Day, a reference rate equal to the daily Sterling Overnight Index Average ("SONIA") rate for such London Banking Day as provided by the administrator of SONIA to authorised distributors and as then published on the Relevant Screen Page (or if the Relevant Screen Page is unavailable, as otherwise is published by such authorised distributors) on the London Banking Day immediately following such London Banking Day; and