Rate Option definition

Rate Option means the Eurocurrency Rate or the Floating Rate, as applicable.
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Rate Option means the Eurodollar Rate or the Floating Rate.
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Rate Option means the Libor Rate or the Base Rate.
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Examples of Rate Option in a sentence

  • Each such request to convert or continue shall include the requested rate change date (which shall be a Business Day), the Rate Option selected, and the amount to be converted or continued (which shall be in a principal amount of $100,000 or more and in whole multiples of $100,000 in the case of conversion to, or continuation as, a SOFR Loan).

  • Interest on Loans to which the Base Rate Option applies shall be due and payable in arrears on each Payment Date.

  • Such Letter of Credit Borrowing shall be due and payable on demand (together with interest) and shall bear interest at the rate per annum applicable to the Revolving Credit Loans under the Base Rate Option.

  • Revolving Credit Loans made pursuant to the preceding sentence shall bear interest at the Base Rate Option and shall be deemed to have been properly requested in accordance with Section 2.5(a) [Revolving Credit Loan Requests; Conversions and Renewals] without regard to any of the requirements of that provision.

  • Any Loan Request that fails to select an Interest Rate Option shall be deemed to be a request for the Base Rate Option.


More Definitions of Rate Option

Rate Option means the Alternate Base Rate, the Eurodollar Rate or the Federal Funds/Euro-Rate.
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Rate Option or “Rate Options” - The choice of applicable interest rates and Interest Periods offered to the Borrowers pursuant to this Agreement to establish the interest to be charged on certain portions of the unpaid principal borrowed hereunder from time to time.
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Rate Option has the meaning given to it in the ISDA Definitions;
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Rate Option means the Eurocurrency Rate or the Floating Rate or the Alternate Currency Rate, as applicable.
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Rate Option. A fluctuating rate per annum (computed on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed) equal to the Base Rate plus the Applicable Margin, such interest rate to change automatically from time to time effective as of the effective date of each change in the Base Rate; or
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Rate Option means the Adjusted Alternate Base Rate or the Adjusted LIBOR Rate. The Rate Option in effect on any date shall always be the Adjusted Alternate Base Rate unless the Borrower has properly selected the Adjusted LIBOR Rate pursuant to Section 2.11 hereof.
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Rate Option has the meaning given to it in the applicable Final Terms or if not specified in the Final Terms, the ISDA Definitions;
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