Citibank Base Rate definition

Citibank Base Rate means the rate of interest publicly announced by Citibank, N.A. in New York City from time to time as the Citibank Base Rate.
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Citibank Base Rate the rate of interest announced by Citibank, N.A. from time to time as its prime rate. The Citibank Base Rate is a reference rate and does not necessarily represent the lowest rate actually charged to any customer. Citibank, N.A. may make commercial loans or other loans at rates of interest at, above or below the Citibank Base Rate.
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Citibank Base Rate means the rate designated by Citibank, N.A. from time to time as its prime rate in the United States, such rate to change as when such designated rate changes. The Citibank Base Rate is not necessarily the lowest rate of interest charged by Citibank, N.A. in connection with extensions of credit to its customers.
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Examples of Citibank Base Rate in a sentence

  • However, the Revolving Loan Account will be charged monthly with the cost of one (1) additional Business Day on all such collections at the interest rate (based upon the Citibank Base Rate) applicable to Revolving Loans (the aggregate amount of such interest, the "Collection Day Interest" for the relevant month).

  • In the event of any change in the Citibank Base Rate, the rate hereunder for the Revolving Loans shall change, as of the date of such change, so as to remain one and three quarters percent (1.75%) above the Citibank Base Rate.

  • Any cost above the tenant improvement allowance shall be prorated over the remaining term of the Lease beginning February 1, 2000 through July 31, 2002 plus one percent over Citibank Base Rate.

  • In the event of any change in said Citibank Base Rate the rate hereunder for any such Revolving Loans shall change, as of the date of such change, so as to remain one and three quarters percent (1.75%) above the Citibank Base Rate.

  • In the event of any change in said Citibank Base Rate the rate hereunder for any such Revolving Loans shall change, as of the date of such change, so as to remain two and one half percent (2.50%) per annum above the Citibank Base Rate.


More Definitions of Citibank Base Rate

Citibank Base Rate means the rate of interest per annum publicly announced from time to time by Citibank, N.A. as its base rate in effect at its principal office in New York City. Any change in such rate shall take effect on the day specified in the public announcement of such change. “Closing Date” means the earliest date on which the conditions precedent set forth in Section 4.01 shall have been satisfied or waived in accordance with Section 9.01 of this Agreement.
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