Base Rate 2 definition

Base Rate 2 is (non disclosed) Eksportfinans’ internal base rate applied to loans with fixed margins determined for the Fixed Margin Periods and/or New Fixed Margin Periods, at the time of receipt of the prepaid Loan A.
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Base Rate 2 means the rate for euro [Maturity 2] year swap rate (the middle swap rate against the 6 month EURIBOR, expressed as a percentage rate per annum).]
Sample 1

Examples of Base Rate 2 in a sentence

  • In respect of the remaining term of the loan starting from the repricing date, the sum of Base Rate 2 (PDST-R2 benchmark yield for 8-year treasury securities as published on the PDEx page of Bloomberg at approximately 4:30 p.m., Manila time of the repricing date) plus credit spread.

  • The "Reference Interest Rate" will be the result obtained by subtracting Base Rate 1 from Base Rate 2 on the relevant Financing Level Calculation Date, as determined at such time and in such manner as the Calculation Agent may in its sole discretion determine.

  • Based on the firm performance record, the bank was ready to sanction a fund- based working capital limit of 2 crores and interest rate is Base Rate +2% p.a, payable at monthly basis.However, somewhere in her mind, Aradhya was not convinced with idea of cash credit from bank and insisted to look for other alternatives.

  • Each Request for Loan Borrowing shall specify (1) whether the Loan then being requested is to be an ABR Borrowing or a Eurodollar Borrowing, or a Swing Line Loan under the Revolver Swing Line Loan Commitment at the Alternate Base Rate, (2) the Borrowing Date (which shall be a Business Day) and (3) the aggregate amount thereof and (4) if a Eurodollar Loan is being requested, the Interest Period or Interest Periods with respect thereto.

  • Comprised of (select one): o Bid Loans based on an Absolute Rate o Bid Loans based on Eurocurrency [Base] Rate 2 _______days/mos EUR__________________ 3 _______days/mos EUR__________________ The Euro Bid Borrowing requested herein complies with the requirements of the proviso to the first sentence of Section 3.7 of the Agreement.

  • Termination or Reduction of Commitments 3 Loan Prepayment - Alternate Base Rate 2 Loan Prepayment - Eurocurrency Rate 3 Borrowing Request - Alternate Base Rate same day Eurocurrency Rate Designation 4 Each such notice of termination or reduction shall specify the amount of the applicable Commitment to be terminated or reduced.

  • Should such a circumstance occur, then the employee will be paid at a minimum of Base Rate 2.

  • For example, former Illinois Governor Rod Blagojevich was convicted under § 666 for threatening to block state funding for a hospital unless its CEO contributed $50,000 to his cam- paign, which has nothing to do with mishandling federal funds, but not for the more infamous charge of attempting to sell a then-vacant Senate seat.77 Boender is also evidence of § 666’s expansive public cor- ruption scope.

Related to Base Rate 2

  • Base Rate Option means the option of the Borrower to have Loans bear interest at the rate and under the terms set forth in Section 4.1.1(a)(i) [Revolving Credit Base Rate Option].

  • Base Rate Margin has the meaning set forth in the definition of Applicable Margin.

  • Base Rate Advance means an Advance that bears interest as provided in Section 2.06(a)(i).

  • 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:

  • Alternate Base Rate Advance means an Advance which bears interest at the Alternate Base Rate.

  • Prime Rate Margin is one-half of one percent (0.50%).”

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

  • Reference Rate Advance means an Advance which bears interest as provided in Section 2.09(a).

  • Base Rate Basis means a simple interest rate equal to the sum of (i) the Base Rate and (ii) the Applicable Margin applicable to Base Rate Advances for the applicable Loans. The Base Rate Basis shall be adjusted automatically as of the opening of business on the effective date of each change in the Base Rate to account for such change, and shall also be adjusted to reflect changes of the Applicable Margin applicable to Base Rate Advances.

  • Eurocurrency Base Rate means, for such Interest Period:

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

  • Alternate Base Rate Loans means Loans that bear interest at an interest rate based on the Alternate Base Rate.

  • Base Rate Loans Loans the rate of interest applicable to which is based upon the Base Rate.

  • Applicable Base Rate Margin means, on any day, a rate per annum equal to the higher of (a) the Applicable Eurocurrency Margin for such day minus 1.00% and (b) 0.00%.

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

  • Revolving Credit Base Rate Option A fluctuating rate per annum (computed on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed) equal to the Base Rate plus the Applicable Margin, such interest rate to change automatically from time to time effective as of the effective date of each change in the Base Rate; or

  • 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.

  • Base rate of pay means the rate of pay payable to the Employee for their Ordinary Hours of work, but not including any of the following: a) loadings; b) monetary allowances; c) overtime; and d) penalty rates.

  • Eurodollar Rate Margin means the margin over the Eurodollar Rate used in determining the rate of interest of Eurodollar Rate Loans pursuant to subsection 2.2A.

  • Base Rate Borrowing means a Borrowing comprised of Base Rate Loans.

  • Floating Rate Option has the meaning given to it in the ISDA Definitions;

  • LIBOR Rate Margin has the meaning set forth in the definition of Applicable Margin.

  • Prime Rate Advance means an Advance that bears interest based at the Prime Rate.

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

  • Floating Rate Margin means 7.50 per cent. per annum.

  • Eurodollar Base Rate has the meaning specified in the definition of Eurodollar Rate.