Chase Manhattan Bank Rate definition

Chase Manhattan Bank Rate means the rate of interest per annum announced by Chase Manhattan Bank, N.A. from time to time as its prime rate in effect at its principal office in the City of New York. Such rate is not intended to be the lowest rate of interest charged by Chase Manhattan Bank, N.A. to its borrowers.
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Chase Manhattan Bank Rate means the rate of interest per annum announced by The Chase Manhattan Bank from time to time as its prime rate in effect at its principal office in the City of New York. Such rate is not intended to be the lowest rate charged by Chase Manhattan Bank to its borrowers.
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Examples of Chase Manhattan Bank Rate in a sentence

  • The Revolving Credit Loans may be outstanding as Chase Manhattan Bank Rate Loans or Libor Loans.

  • The interest rate on Chase Manhattan Bank Rate Loans shall change when the Chase Manhattan Bank Rate changes.

  • Interest on the Chase Manhattan Bank Rate Loans and the Libor Rate Loans shall not exceed the maximum amount permitted under applicable Law.

  • All Revolving Credit Loans which would otherwise be made or continued by Lenders as Libor Rate Loans shall be made or continued instead as Chase Manhattan Bank Rate Loans and all Chase Manhattan Bank Rate Loans of Lenders which would otherwise be converted into Libor Rate Loans shall remain as Chase Manhattan Bank Rate Loans.

  • There shall be no minimum amount of principal applicable to a conversion or continuation of a Chase Manhattan Bank Rate Loan.

  • All computations of interest on Libor Rate Loans, Chase Manhattan Bank Rate Loans and fees, shall be made by Agent on the basis of a year of three hundred sixty (360) days and paid, in each case, for the actual number of days elapsed (including the first day but excluding the last day).

  • The Revolving Credit Loans made to the Borrowers shall bear interest at either the Chase Manhattan Bank Rate or the Libor Rate.

  • If no such election is timely made or can be made, then the Agent shall use the Chase Manhattan Bank Rate to compute interest.

  • In the event of any change in said Chase Manhattan Bank Rate, the rate hereunder shall change correspondingly, as of the first of the month following any change.

  • To the extent that such Lender's Affected Loans have been so converted, all payments and prepayments of principal which would otherwise be applied to such Lender's Affected Loans shall be applied instead to its Chase Manhattan Bank Rate Loans.

Related to Chase Manhattan Bank Rate

  • JPMorgan Chase means JPMorgan Chase Bank, N.A.

  • JPMorgan Chase Bank means JPMorgan Chase Bank, N.A. and its successors.

  • JPMorgan means JPMorgan Chase Bank, N.A.

  • Chase means The Chase Manhattan Bank.

  • New York Banking Day means any day except a Saturday, Sunday or a legal holiday in The City of New York or a day on which banking institutions in The City of New York are authorized or obligated by law, regulation or executive order to be closed.

  • London Inter-Bank Offered Rate means the interest rate at which the Bank's London Branch, London, Great Britain, would offer U.S. dollar deposits for the applicable interest period to other major banks in the London inter-bank market at approximately 11:00 a.m. London time two (2) London Banking Days before the commencement of the interest period. A "London Banking Day" is a day on which the Bank's London Branch is open for business and dealing in offshore dollars.

  • Wells Fargo Bank Wells Fargo Bank, N.A., or its successor in interexx.

  • Bank Rate means the one year marginal cost of lending rate (MCLR) of the State Bank of India issued from time to time plus 350 basis points;”

  • London Banking Day means any day on which dealings in Dollar deposits are conducted by and between banks in the London interbank eurodollar market.

  • Central Bank Rate has the meaning given to that term in the Reference Rate Terms.

  • Overnight Bank Funding Rate means, for any day, the rate comprised of both overnight federal funds and overnight Eurodollar borrowings by U.S.-managed banking offices of depository institutions (as such composite rate shall be determined by the NYFRB as set forth on its public website from time to time) and published on the next succeeding Business Day by the NYFRB as an overnight bank funding rate (from and after such date as the NYFRB shall commence to publish such composite rate).

  • Bank One means Bank One, NA, a national banking association having its principal office in Chicago, Illinois, in its individual capacity, and its successors.

  • U.S. Bank means U.S. Bank National Association.

  • Citicorp has the meaning specified in the preamble to this Agreement.

  • KeyBank means KeyBank National Association.

  • Mizuho means Mizuho Bank, Ltd.

  • Reference Bank Rate means the arithmetic mean of the rates (rounded upwards to four decimal places) supplied to the Administrative Agent at its request by the Reference Banks (as the case may be) as of the applicable time on the Quotation Day for Loans in the applicable currency and the applicable Interest Period as the rate at which the relevant Reference Bank could borrow funds in the London (or other applicable) interbank market in the relevant currency and for the relevant period, were it to do so by asking for and then accepting interbank offers in reasonable market size in that currency and for that period.

  • Citibank means Citibank, N.A.

  • JPMCB means JPMorgan Chase Bank, N.A.

  • Wachovia means Wachovia Bank, National Association, a national banking association, and its successors.

  • Bank of America means Bank of America, N.A. and its successors.

  • Bank Office means the designated office for payment of the Bank as indicated on the signature page hereof. The Bank will notify the Issuer in writing of any change in location of the Bank Office.

  • Wells Fargo means Wells Fargo Bank, National Association.

  • New York City Banking Day means any day on which commercial banks are open for general business (including dealings in foreign exchange and foreign currency deposits) in New York City;

  • NationsBank means NationsBank, N.A. and its successors.

  • PNC Bank means PNC Bank, National Association.