Base Rate Note definition

Base Rate Note means any Note when and to the extent that the interest rate therefor is determined by reference to the Base Rate.
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Base Rate Note means a Note, or portion thereof, that bears interest at a rate determined by reference to the Base Rate.
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Base Rate Note means a promissory note (pagare), in substantially the form of Exhibit B-1 in the case of a xxxx xvidencing Tranche A Term Loans, Exhibit B-3 in the case of a note evidencing Tranche A Revolving Notes, and Exhibit B-5 in the case of a note evidencing Tranche B Loans, in each case executed by Comercial (and signed por aval by Vitrocrisa and in the case of a Base Rate Note evidencing a Tranche A Loan also signed por aval by Vitro) in favor of each relevant Lender.
Sample 1

Examples of Base Rate Note in a sentence

  • In case an Event of Default shall occur and be continuing, the principal of and accrued interest on this Canadian Base Rate Note may be declared to be due and payable in the manner and with the effect provided in the Credit Agreement.

  • For so long as and to the extent that this Note is a Base Rate Note, interest on this Note shall be computed on the basis of a 365/366-day year and the actual number of days elapsed (including the first and excluding the last day of the period).

  • To the extent that this Note is a Euro-Dollar Rate Note, if an Event of Default shall exist upon the expiration of the Interest Period applicable to this Note, this Note automatically shall be converted into a Base Rate Note.

  • If the affected Eurodollar Note is then outstanding, such Note shall be converted to a Base Rate Note either (i) on the last day of the then current Interest Period applicable to such Eurodollar Note if such Purchaser may lawfully continue to maintain such Note to such date or (ii) immediately if such Purchaser shall determine that it may not lawfully continue to maintain such Eurodollar Note to such date.

  • Such Foreign Borrower shall have executed and delivered to the Administrative Agent a Revolving Note, a Canadian Base Rate Note or a BA Equivalent Note, as the case may be, for the account of each Lender that has requested a Note.

  • Under certain circumstances, this Note, to the extent it is a Euro-Dollar Rate Note, will be converted into a Base Rate Note.

  • This Canadian Base Rate Note shall be construed in accordance with and be governed by the laws of the State of New York without regard to its conflict of laws principles.

  • For the Additional Notes, Company shall deliver to Purchasers a fully executed Funding Notice no later than 10:00 a.m. (New York City time) at least three (3) Business Days prior to the Additional Notes Closing Date (or such later time as may be consented to by Purchasers) in the case of A SOFR Rate Note and at least one Business Day prior to the Additional ​ Notes Closing Date (or such later time as may be consented to by Purchasers) in the case of a Base Rate Note.

  • For the Additional Notes, Company shall deliver to Purchasers a fully executed Funding Notice no later than 10:00 a.m. (New York City time) at least three (3) Business Days prior to the Additional Notes Closing Date (or such later time as may be consented to by Purchasers) in the case of A SOFR Rate Note and at least one Business Day prior to the Additional Notes Closing Date (or such later time as may be consented to by Purchasers) in the case of a Base Rate Note.

  • The Borrower hereby waives presentment, demand, protest or notice of any kind in connection with this Canadian Base Rate Note.


More Definitions of Base Rate Note

Base Rate Note means a promissory note in the form of Exhibit A-1.
Sample 1

Related to Base Rate Note

  • Fixed Rate Note means any Class A-1 Note, Class A-2a Note, Class A-3 Note or Class A-4 Note.

  • Floating Rate Note means any Class A-2b Note.

  • Bid Rate Note means a promissory note of the Borrower substantially in the form of Exhibit B, payable to the order of a Lender as originally in effect and otherwise duly completed.

  • Federal Funds Open Rate Note Unless otherwise specified on the face hereof, “Federal Funds Open Rate” means the rate set forth on Moneyline Telerate (or any successor service) on page 5 (or any other page as may replace the specified page on that service) for an Interest Determination Date underneath the caption “FEDERAL FUNDS” in the row titled “OPEN”. If the rate is not available for an Interest Determination Date, the rate for that Interest Determination Date shall be the Federal Funds Rate as determined below.

  • Floating Rate Notes means the Class A-2b Notes.

  • Fixed Rate Notes Together, the Class A-1a Notes, the Class A-2 Notes, the Class A-3 Notes, the Class A-4 Notes, the Class B Notes, the Class C Notes, the Class D Notes and the Class E Notes.

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

  • Interest Rate Option means any LIBOR Rate Option or Base Rate Option.

  • U.S. Base Rate means, for any day, the greater of:

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

  • Base Rate Advance means an Advance that bears interest as provided in Section 2.07(a)(i).

  • Interest Rate Period means that period of time for which the interest rate with respect to the Bonds has been determined by the Remarketing Agent or otherwise as provided in the definition of the applicable Interest Rate Mode, commencing on the applicable Interest Rate Adjustment Date, and terminating on the day immediately preceding the following Interest Rate Adjustment Date, if any.

  • Alternate Base Rate Loan means a Loan which bears interest at the Alternate Base Rate or the Default Rate.

  • 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 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.

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

  • U.S. Base Rate Loan means a Loan denominated in Dollars which bears interest at a rate based upon the U.S. Base Rate.

  • 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].

  • Floating Rate Security means a Debt Security that provides for the payment of interest at a variable rate determined periodically by reference to an interest rate index specified pursuant to Section 2.03.

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

  • Canadian Base Rate means, at any time, the annual rate of interest equal to the greater of (a) the annual rate from time to time publicly announced by Agent (or a bank that is listed on Schedule 1 of the Bank Act (Canada) acceptable to Agent) as its prime rate in effect for determining interest rates on Canadian Dollar denominated commercial loans made in Canada and (b) the annual rate of interest equal to the sum of the 30-day BA Rate at such time plus 1% percent per annum.

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

  • Interest Rate Basis means the Base Rate or the Eurodollar Basis, as applicable.

  • Offshore Base Rate means the rate per annum appearing on Telerate Page 3750 (or any successor page) as the London interbank offered rate for deposits in Dollars at approximately 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period for a term comparable to such Interest Period. If for any reason such rate is not available, the Offshore Base Rate shall be, for any Interest Period, the rate per annum appearing on Reuters Screen LIBO Page as the London interbank offered rate for deposits in Dollars at approximately 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period for a term comparable to such Interest Period; provided, however, if more than one rate is specified on Reuters Screen LIBO Page, the applicable rate shall be the arithmetic mean of all such rates. If for any reason none of the foregoing rates is available, the Offshore Base Rate shall be, for any Interest Period, the rate per annum determined by Agent as the rate of interest at which dollar deposits in the approximate amount of the LIBOR Rate Loan comprising part of such Borrowing would be offered by the Bank’s London Branch to major banks in the offshore dollar market at their request at or about 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period for a term comparable to such Interest Period.

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

  • Alternative Base Rate means the rate that has replaced LIBOR in customary market usage for determining floating interest rates in respect of bonds denominated in Dollars or, if the Independent Financial Adviser or the Issuer (in consultation with the Calculation Agent and acting in good faith and a commercially reasonable manner), as applicable, determines that there is no such rate, such other rate as the Independent Financial Adviser or the Issuer (in consultation with the Calculation Agent and acting in good faith and a commercially reasonable manner), as applicable, determines in its or the Issuer’s sole discretion is most comparable to LIBOR. If the Alternative Base Rate is determined, such Alternative Base Rate shall be the Alternative Base Rate for the remaining Interest Periods.