Examples of Floating Base Rate in a sentence
The interest rate on the loan is the BDC Floating Base Rate less 1.0%.
The interest rate on the loan is the BDC Floating Base Rate less 0.5%.
Scott asked if instead the motion could be to approve the expenditure contingent upon Takayama and Wikle attempting to negotiate the price downwards.
Floating Base Rate The floating base rate is determined for each loan currency and reset frequency based on the Bank’s selected reference interest rate in each market.
The unpaid principal of each Floating Base Advance shall bear interest from the date of advance until paid at a rate per annum which shall from day to day be equal to the lesser of (a) the Maximum Rate or (b) the sum of the Floating Base Rate in effect from day to day plus the Applicable Margin.