Domestic Base Rate means, at any time, with respect to Revolving Loans made in Dollars and Swingline Loans the higher of (a) the U.S. Prime Rate or (b) the Federal Funds Rate plus one half of one percent (0.50%); each change in the Domestic Base Rate shall take effect simultaneously with the corresponding change or changes in the U.S. Prime Rate or the Federal Funds Rate, as applicable.
Domestic Base Rate means, for any period, a fluctuating interest rate per annum as shall be in effect from time to time which rate per annum shall at all times be equal to the highest of:
Domestic Base Rate means for any day a fluctuating rate of interest per annum equal to the highest of (a) the Federal Funds Rate plus 1/2 of 1%, (b) the rate of interest in effect for such day as publicly announced from time to time by Bank of America as its “prime rate,” (c) the Eurodollar Rate plus 1%; provided, that, if the Domestic Base Rate shall be less than zero, such rate shall be deemed zero for purposes of this Agreement. The “prime rate” is a rate set by Bank of America based upon various factors including Bank of America’s costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans, which may be priced at, above, or below such announced rate. Any change in such prime rate announced by Bank of America shall take effect at the opening of business on the day specified in the public announcement of such change. If the Domestic Base Rate is being used as an alternate rate of interest pursuant to Section 3.03, then the Domestic Base Rate shall be the greater of clauses (a) and (b) above and shall be determined without reference to clause (c) above.
Examples of Domestic Base Rate in a sentence
Each such PR Loan Request shall specify (A) the principal amount of each PR Loan requested, (B) the proposed Drawdown Date of such PR Loan, (C) whether such PR Loan requested is to bear interest calculated by reference to the Domestic Base Rate or the Domestic LIBOR Rate.
The Domestic Swing Line Loans shall bear interest at the rate per annum equal to the Domestic Base Rate plus the Applicable Margin on all Swing Line Loans.
Domestic Loans bearing interest calculated by reference to the Domestic Base Rate.
Until a Bank funds its Domestic Base Rate Loan or risk participation pursuant to this §2.12(e) to refinance such Bank’s Domestic Commitment Percentage of any Domestic Swing Line Loan, interest in respect of such Domestic Swing Line Loan shall be solely for the account of the relevant Domestic Swing Line Lenders.
If such Domestic Bank pays such amount (with interest and fees as aforesaid), the amount so paid (less all such aforementioned interest and fees incurred by such Domestic Bank as a result of its failure to pay the required amounts to the applicable Domestic Swing Line Lenders) shall constitute such Domestic Bank’s Domestic Base Rate Loan included in the relevant Domestic Base Rate borrowing or funded participation in the relevant Domestic Swing Line Loan, as the case may be.
More Definitions of Domestic Base Rate
Domestic Base Rate means, for any day, the rate per annum equal to (A) for Loans in Article II hereof the higher of (i) the Federal Funds Effective Rate for such day plus one-half of one percent (.5%) and (ii) the Domestic Prime Rate for such day. Any change in the Domestic Base Rate resulting from a change in the Domestic Prime Rate or the Federal Funds Effective Rate shall become effective on the effective date of such change in the Domestic Prime Rate or the Federal Funds Effective Rate; and (B) for Canadian Loans in Article III hereof made by Canadian Facilities Lenders a fluctuating rate of interest per annum (expressed on the basis of a year of 365 days) equal to the higher of:
Domestic Base Rate means, at any time, the higher of (i) the Domestic Prime Rate (ii) the one-month Adjusted Eurodollar Rate for a Domestic Eurodollar Rate Loan plus 1.0%, or (iii) the rate which is 1/2 of 1% in excess of the Federal Funds Effective Rate for Dollar denominated loans. Any change in the Domestic Base Rate due to a change in the Domestic Prime Rate or the Federal Funds Effective Rate shall be effective on the effective date of such change.
Domestic Base Rate the rate of interest announced or quoted by Bank from time to time as its prime rate for commercial loans, whether or not such rate is the lowest rate charged by Bank to its most preferred borrowers; and, if such prime rate for commercial loans is discontinued by Bank as a standard, a comparable reference rate designated by Bank as a substitute therefor shall be the Domestic Base Rate.
Domestic Base Rate means on any day the per annum rate of interest equal to (A) for Loans in Article II hereof the greater of (i) the Domestic Prime Rate or (ii) the Federal Funds Effective Rate plus one-half of one percent (1/2%). Any change in the Domestic Base Rate resulting from a change in the Domestic Prime Rate or the Federal Funds Effective Rate shall become effective as of 12:01 A.M. of the Business Day on which each such change occurs. The Domestic Base Rate is a reference rate used by Agent in determining interest rates on certain loans and is not intended to be the lowest rate of interest charged on any extension of credit to any debtor and (B) for Canadian Loans in Article III hereof made by Canadian Facilities Lenders a fluctuating rate of interest per annum (expressed on the basis of a year of 365 days) equal to the higher of:
Domestic Base Rate means the rate that Administrative Agent announces from time to time as its prime lending rate in the United States for Dollar denominated loans, as in effect from time to time. Such prime lending rate is a reference rate and does not
Domestic Base Rate for any day, a fluctuating rate per annum (rounded upwards, if necessary, to the next 1/8 of 1%) equal to the greater of (a) the rate of interest announced from time to time by the Administrative Agent at its Head Office as its "base rate", as in effect on such day, or (b) the Federal Funds Effective Rate in effect on such day plus 1/2%. "Federal Funds Effective Rate" shall mean, for any day, a fluctuating interest rate per annum equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published for such day (or, if such day is not a Business Day, for the next preceding Business Day) by the Federal Reserve Bank of New York, or, if such rate is not so published for any day which is a Business Day, the average of the quotations for such day on such transactions received by the Administrative Agent from three Federal funds brokers of recognized standing selected by it. For purposes of this Agreement, any change in the Domestic Base Rate due to a change in the Administrative Agent's "base rate" or the Federal Funds Effective Rate shall be effective on the effective day of such change in the Administrative Agent's "base rate" or the Federal Funds Effective Rate, as applicable. If the Administrative Agent shall have determined (which determination shall be conclusive absent manifest error) that it is unable to ascertain the Federal Funds Effective Rate for any reason, including, without limitation, the inability or failure of the Administrative Agent to obtain sufficient bids or publications in accordance with the terms hereof, the Domestic Base Rate shall be the Administrative Agent's "base rate" as in effect at the applicable time until the circumstances giving rise to such inability no longer exist.
Domestic Base Rate. For any day, a fluctuating rate per annum equal to the highest of (a) the annual rate of interest announced from time to time by Bank of America as its “prime rate”, (b) one-half of one percent (1/2%) above the Federal Funds Effective Rate and (c) the Domestic LIBOR Rate plus 1.00%; and if the Domestic Base Rate shall be less than zero, such rate shall be deemed zero for purposes of this Agreement. The “prime rate” is a rate set by Bank of America based upon various factors including Bank of America’s costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans, which may be priced at, above, or below such announced rate. Any change in such prime rate announced by Bank of America shall take effect at the opening of business on the day specified in the public announcement of such change.