Offered Rate definition

Offered Rate means the rate per annum quoted to the Company by the Bank for the applicable Interest Period, such Offered Rate being subject at all times to the provisions of Section 2.1(d) hereof.

Offered Rate means a rate per annum quoted by the Administrative Agent for an Interest Period of 14 days.

Offered Rate means, for any Interest Period, the rate as offered by the Swingline Lender and accepted by the Borrower in accordance with Section 2.5 hereof. The Borrower is under no obligation to accept the Offered Rate and the Swingline Lender is under no obligation to provide it.

Examples of Offered Rate in a sentence

• In addition, unless otherwise expressly provided in the Contract, the arbitral tribunal shall have no authority to award interest in excess of the London Inter-Bank Offered Rate (“LIBOR”) then prevailing, and any such interest shall be simple interest only.

• Debt derivatives market comprises mainly of Interest Rate Swaps linked to Overnight benchmarks called MIBOR (Mumbai Inter Bank Offered Rate) and is an active market.

• In addition, unless otherwise expressly provided in the Individual Contract, the arbitral tribunal shall have no authority to award interest in excess of the London Inter-Bank Offered Rate (“LIBOR”) then prevailing, and any such interest shall be simple interest only.

• In addition, unless otherwise expressly provided in the Agreement, the arbitral tribunal shall have no authority to award interest in excess of the London Inter-Bank Offered Rate (“LIBOR”) then prevailing, and any such interest shall be simple interest only.

• The Buyer will also have a right to consider cancellation of the Contract either wholly or in part, without any entitlement or compensation to the Seller who shall in such an event be liable to refund all payments made by the Buyer in terms of the Contract along with interest at the rate of 2% per annum above (i) Prime Lending Rate of State Bank of India for Indian bidders, and (ii) London Inter Bank Offered Rate (LIBOR) for the foreign bidders.

More Definitions of Offered Rate

Offered Rate means a per annum rate of interest offered by the US Swing Line Lender or the Canadian Swing Line Lender, as applicable, pursuant to Section 2.5.1(b) or Section 2.5.2(b) for a period comparable to the Interest Period requested for such Swing Line Loan and, with respect to any UK Swing Line Loan, the percentage rate per annum which is the sum of (i) the arithmetic mean of the rates (rounded upwards to four decimal places) as supplied to the European Administrative Agent at its request quoted by the principal London offices of JPMorgan Chase Bank, N.A., or such other banks as may be appointed by the European Administrative Agent in consultation with the Parent, to leading banks in the London interbank market as of 11:00 a.m. (London time) on the requested Borrowing Date for such Swing Line Loan for the offering of deposits in Euro or British Pounds Sterling or Dollars for a period comparable to the Interest Period requested for such Swing Line Loan and for settlement on that day; and (ii) the Applicable Margin for Eurocurrency Loans; and (iii) Mandatory Cost (if any).

Offered Rate means the interest rate quoted from time to time by PNC to the Bor- rower as applicable to Swing Line Loans. The Offered Rate shall constitute, on each Funding Date of a Swing Line Loan, the offer quoted by an officer of PNC to the Borrower on each such Funding Date of a Swing Line Loan.

Offered Rate means the rate per annum determined in the Lender's sole discretion, as offered from time to time by the Lender to the Borrower as the rate at which the Lender would advance funds to the Borrower in the principal amount requested for the interest period requested.

Offered Rate means a rate per annum quoted by the Administrative Agent, plus the Applicable Margin for the applicable Class of Euro-Dollar Loans, for an Interest Period of seven (7) days.

Offered Rate means the rate of interest (rounded upward to the nearest 1/16th of one percent) at which Dollar deposits for such Interest Period would be offered by Bank’s Grand Cayman Branch, Grand Cayman, British West Indies, to major banks in the offshore Dollar interbank markets upon request of such banks at approximately 8:00 a.m. San Francisco time two Business Days prior to the first day of such Interest Period; and

Offered Rate is defined in Section 2.5.2(b).

Offered Rate has the meaning given it in Section 2.7.