Bid Rate Margin definition

Bid Rate Margin has the meaning set forth in Subsection 2.2c(iii)(B)(3).

Examples of Bid Rate Margin in a sentence

  • At any time when the Borrower shall select, convert to or renew at the Euro-Rate Option with respect to all or any Portion of the outstanding Revolving Credit Loans or select, convert or renew a Bid Rate Loan to which the Bid Rate Margin applies, it shall fix one or more Interest Periods during which such Option(s) shall apply.

  • RESOLVED, that the Board of Education accepts the recommendation of the Superintendent of Schools and approves Florence Avenue School’s first grade (class 1-4) to receive a donation for admission and transportation for a field trip to Intrepid Air and Space Museum from Donorschoose.org., 134 West 37th Street, 11th floor, New York, NY 10018, the amount of $723.00, ($273.00 Entry Fee and $450.00 Travel).

  • The Administrative Agent shall promptly notify each Bank whose Competitive Bid Rate Quote or any portion thereof was accepted by the Borrower and shall specify to such Bank the amount of any Competitive Bid Rate Loan or its portion of any Competitive Bid Rate Loan, as applicable, to be made available by such Bank in accordance with Section 2.13.8 hereof, and the Competitive Bid Rate Margin or Competitive Bid Absolute Rate applicable thereto.

  • At any time when the Borrower shall select, convert to or renew at the LIBOR Option with respect to all or any Portion of the outstanding Revolving Credit Loans or Term Loans or select, convert or renew a Bid Rate Loan to which the Bid Rate Margin applies, it shall fix one or more Interest Periods during which such Option(s) shall apply.

  • The Administrative Agent shall promptly notify each Bank whose Competitive Bid Rate Quote or any portion thereof was accepted by the Borrower and shall specify to such Bank the amount of any Competitive Bid Rate Loan or its portion of any Competitive Bid Rate Loan, as applicable, to be made available by such Bank in accordance with Section 2.11.8 hereof, and the Competitive Bid Rate Margin or Competitive Bid Absolute Rate applicable thereto.

  • We hereby give notice pursuant to Section 2.2c(i) of the Agreement that we request Bid Rate Quotes for the following proposed Bid Rate Borrowing(s): Date of Disbursement: ________________________ Principal Amount* Interest Period** ---------------- --------------- $ Such Bid Rate Quotes should offer a Bid Rate [Margin] [Absolute Rate].

Related to Bid Rate Margin

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

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

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

  • Applicable LIBOR Rate Margin means the following per annum percentages, applicable in the following situations:

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

  • 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.

  • Applicable Interest Rate Margin means (a) as to any Base Rate Advance, the applicable rate per annum set forth below under the caption “Base Rate Spread” and (b) as to any LIBO Rate Advance, the applicable rate per annum set forth below under the caption “LIBO Rate Spread”, determined by reference to the higher of (i) the rating of Mondelēz’s long-term senior unsecured Debt from Standard & Poor’s (or, if there shall be no outstanding rated long-term senior unsecured Debt of Mondelēz, the long-term company, issuer or similar rating established by Standard & Poor’s for Mondelēz) and (ii) the rating of Mondelēz’s long-term senior unsecured Debt from Moody’s (or, if there shall be no outstanding rated long-term senior unsecured Debt of Mondelēz, the long-term company, issuer or similar rating established by Moody’s for Mondelēz), in each case on such date: A or higher by Standard & Poor’s A2 or higher by Moody’s 0.000 % 0.835 % A- by Standard & Poor’s A3 by Moody’s 0.000 % 0.940 % BBB+ by Standard & Poor’s Baa1 by Moody’s 0.045 % 1.045 % BBB by Standard & Poor’s Baa2 by Moody’s 0.150 % 1.150 % Lower than BBB by Standard & Poor’s Lower than Baa2 by Moody’s 0.250 % 1.250 % provided that if on any date of determination (x) a rating is available on such date from only one of Standard & Poor’s and Moody’s but not the other, the Applicable Interest Rate Margin shall be determined by reference to the then available rating; (y) no rating is available from either of Standard & Poor’s or Moody’s, the Applicable Interest Rate Margin shall be determined by reference to the rating of any other nationally recognized statistical rating organization designated by Mondelēz and approved in writing by the Required Lenders and (z) no rating is available from any of Standard & Poor’s, Moody’s or any other nationally recognized statistical rating organization designated by Mondelēz and approved in writing by the Required Lenders, the Applicable Interest Rate Margin shall be 0.250% as to any Base Rate Advance and 1.250% as to any LIBO Rate Advance.

  • 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%.

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

  • Applicable Eurodollar Rate Margin means, with respect to any Eurodollar Rate Advance, for each Pricing Period, the interest rate margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period:

  • LIBOR Margin has the meaning given that term in Section 2.2.(c)(ii)(D).

  • Eurodollar Margin means a rate per annum determined in accordance with the Pricing Schedule.

  • 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.

  • Applicable Margins means collectively the Applicable L/C Margin, the Applicable Unused Line Fee Margin, the Applicable Revolver Index Margin and the Applicable Revolver LIBOR Margin.

  • ABR Margin as defined in subsection 2.21.

  • Note Margin With respect to each Mortgage Loan, the fixed percentage set forth in the related Mortgage Note and indicated in Exhibit One hereto as the "NOTE MARGIN," which percentage is added to the Index on each Adjustment Date to determine (subject to rounding in accordance with the related Mortgage Note, the Periodic Cap, the Maximum Mortgage Rate and the Minimum Mortgage Rate) the interest rate to be borne by such Mortgage Loan until the next Adjustment Date.

  • Applicable Eurodollar Margin means, as at any date of determination, the rate per annum then applicable to Eurodollar Rate Loans determined in accordance with the provisions of Section 2.14(D)(ii) hereof.

  • 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 LIBOR Margin means the per annum interest rate from time to time in effect and payable in addition to the LIBOR Rate applicable to the Revolving Loan, as determined by reference to Section 1.5(a).

  • Euro-Dollar Margin means a rate per annum determined in accordance with the Pricing Schedule.

  • Applicable Commitment Fee Margin means, for each Pricing Period, the margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: II 10.0 V 17.5

  • Applicable Revolver LIBOR Margin means the per annum interest rate from time to time in effect and payable in addition to the LIBOR Rate applicable to the Revolving Loan, as determined by reference to Section 1.5(a).

  • Applicable ABR Margin means, at any date:

  • Applicable Unused Commitment Fee Rate means 0.50% per annum.

  • Applicable Unused Line Fee Margin means the per annum fee, from time to time in effect, payable in respect of Borrowers’ non-use of committed funds pursuant to Section 1.9(b), which fee is determined by reference to Section 1.5(a).

  • Applicable Eurocurrency Margin means, as at any date of determination, the rate per annum then applicable to Eurocurrency Rate Loans determined in accordance with the provisions of Section 2.14(D)(ii) hereof.