Interest Rate Options definition

Interest Rate Options. Has the meaning set forth in Section 2.03(b) --------------------- hereof.
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Interest Rate Options. The Borrower may elect that the Loans comprising each borrowing bear interest at a rate per annum equal to: [X] the Base plus the Applicable Margin; or [X] the Eurodollar Rate plus the Applicable Margin. As used herein:
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Interest Rate Options and shall have the right to renew elections of Interest Rate Options and convert Borrowing Tranches or Term Loan Tranches to other Interest Rate Options. Notice of the Borrower's election shall be made in accordance with Section 2.5. Elections of, conversions to or renewals of the Base Rate Option shall continue in effect until converted to the LIBOR-Rate Option. Elections of, conversions to or renewals of the LIBOR-Rate Option shall expire as to each such LIBOR-Rate Option at the expiration of the applicable LIBOR-Rate Interest Period. Any Revolving Borrowing Tranche or Term Loan Tranche outstanding for which no elections have been made shall bear interest under the Base Rate Option.
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Examples of Interest Rate Options in a sentence

  • All prepayments required pursuant to this Section 5.7 shall first be applied among the Interest Rate Options to the principal amount of the Loans subject to the Base Rate Option, then to Loans subject to a LIBOR Rate Option.

  • All prepayments required pursuant to this Section 5.5 shall first be applied among the Interest Rate Options to the principal amount of the Loans subject to the Base Rate Option, then to Loans subject to a Euro-Rate Option.

  • All notices and requests hereunder shall be given, and all borrowings and all conversions or renewals of Interest Rate Options shall occur, only on Business Days.

  • Interest Rate Options (OFBD) and all other optionsRFQ size is visible for responder?YesNoSize = 0 or Size not definedRFQ validRFQ validSize >= EMBTSRFQ validRFQ valid Table 5: RFQ Validity with regards to RFQ size and visibility for responder for interest rate options.

  • Eurex Clearing AG grants rebates for Liquidity Provisioning for Equity Index, Equity (with Group ID ending in “11”, “12” or “13” as assigned in Annex B of the Eurex Contract Specifications) and Interest Rate Options according to the Eurex Liquidity Provider Agreement and number 3.2.1.1 of the Price List of Eurex Clearing AG.


More Definitions of Interest Rate Options

Interest Rate Options. The Borrower may elect that the Loans comprising each borrowing bear interest at a rate per annum equal to:
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Interest Rate Options. As defined in Section 2.3(b).
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Interest Rate Options. The Lead Borrower may elect that the Bridge Loans bear interest at a rate per annum equal to:
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Interest Rate Options means the selection by Borrower of LIBOR Rate Loan or a Prime Rate Loan as set forth in Section 2.4.4 and Section 2.4.5.
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Interest Rate Options. The principal amount of the loans shall bear interest at the Prime Rate or at the Adjusted LIBO Rate at the Company's option.
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Interest Rate Options. The Borrower may elect that the Loans comprising each borrowing bear interest at a rate per annum equal to: the ABR plus the Applicable Margin; or the Adjusted LIBO Rate plus the Applicable Margin. As used herein:
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Interest Rate Options is hereby deleted in its entirety.
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