Bid Rate definition

Bid Rate as defined in Section 2.4(b).

Bid Rate as to any Bid made by a Lender pursuant to Section 2.4(b), the fixed rate of interest offered by such Lender with respect thereto as set forth in such Bid.

Bid Rate shall have the meaning set forth in Section 3.3.

Examples of Bid Rate in a sentence

• Until a rate redetermination becomes effective, the Bid Rate for species and products in A4a is the Tentative Rate that is subject to quarterly adjustment under B3.2; for species and products in A4b, the Bid Rate is the Flat Rate.

• For conversion, the Bid Rate of foreign currency INR exchange rate available on Reuters at 5.00 p.m. IST would be used.

• In case, the Reuters exchange rate is not available, then the following sources will be used for exchange rate in the order of priority:  Exchange rate (Bid Rate) available on Bloomberg at 5.00 p.m. IST;  Reference rate issued by Financial Benchmarks India Ltd (FBIL) as at the close of banking hours on the relevant business day in India;  Any other publicly available source.

• Until a rate redetermination becomes effective, the Bid Rate for species and products in AT4a is the Tentative Rate that is subject to quarterly adjustment under BT3.2; for species and products in AT4b, the Bid Rate is the Flat Rate.

• The Agency commission payable to the Agent will be converted to Indian Rupees at the Closing Bid Rate as per Reuters on the previous working day of B/L Date and shall not be subjected to any further exchange variations and shall be paid only in Indian Rupees after deducting income tax as applicable and other statutory dues, if any.

More Definitions of Bid Rate

Bid Rate means an interest rate offered by a Bank in its sole discretion and in response to the Borrower's Loan Request for a Bid Rate Loan pursuant to Section 2.4, which interest rate shall include all applicable reserve and other adjustments when being advised by such Bank to Administrative Agent.

Bid Rate means the rate or rates of interest from time to time in effect pursuant to agreements reached between the Borrower and any or all of the Lenders pursuant to Section 2.2.

Bid Rate means the proposed Distribution Rate on the Preferred Securities or interest rate on Subordinated Notes specified in a Bid.

Bid Rate means, with respect to any Bid, the Eurodollar Bid Margin or the Fixed Rate, as applicable, offered by the Bank making such Bid.

Bid Rate means a rate of interest expressed in multiples of 1/100th of one percent.

Bid Rate shall have the meaning set forth in Section 4.4.

Bid Rate means, with respect to any Bid Rate Loan, the rate per annum offered by any Lender in its sole discretion to the Company pursuant to Section 2.01(c) for any Bid Rate Loan, which rate shall be either (a) determined on the basis of the rates referred to in the definition of "Eurodollar Rate" in this Section 1.02 or (b) an Absolute Rate.