Rate Options definition

Rate Options. The choice of applicable interest rates and Interest Periods offered to the Borrower 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 Options. The choice of applicable interest rates and LIBOR Interest Periods offered to the Company pursuant to Section 2.3 hereof to establish the interest to be charged on the Credit from time to time.
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Rate Options. At the Borrower’s option: - ABR plus the Applicable ABR Margin - Eurocurrency Rate plus the Applicable Eurocurrency Margin - Competitive Bid Rate Provisions Relating to Interest Rates: Eurocurrency Rate interest periods shall be seven days and one, two, three or six months, and with the consent of the Lenders, twelve months. Interest on ABR loans shall be payable on the last business day of each quarter and at final maturity. Interest on Eurocurrency Rate loans shall be payable in arrears on the last day of each interest period and, in the case of an interest period longer than three months, quarterly, upon any prepayment (whether due to acceleration or otherwise) and at final maturity. Interest on all Eurocurrency Rate loans, Competitive Bid Rate loans and fees shall be calculated for actual days elapsed on the basis of a 360-day year. Interest on all ABR loans shall be calculated for actual days elapsed on the basis of a 365 or 366-day year, as applicable. ABR loans shall be available on a same-day basis as long as the requisite notice has been provided by the Borrower by no later than 2:00 p.m., New York City time. The Credit Agreement will include customary provisions (a) protecting the Lenders against increased costs or loss of yield resulting from changes in reserve, tax, capital adequacy, liquidity and other requirements of law and (b) indemnifying the Lenders for breakage costs incurred in connection with among other things, any prepayment of a Eurocurrency Rate loan on a day other than the last day of an interest period with respect thereto. After default, at the option of the Required Lenders, the interest rate will be equal to the interest rate otherwise applicable plus 2% per annum.
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Examples of 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.

  • The Producer hereby selects the following Rate Option for the term of this Agreement by placing his/her initials in the space provided for the Rate Option selected and by lining through those Rate Options which are not selected:( ) Firm Energy: Producer hereby elects to provide Firm Power to the Company and to be paid Firm Power Purchase Rate as set forth in Rate Schedule QF Standard Purchase Schedule.

  • Each Global Borrower may select, in accordance with Sections 2.6 and 2.8 and subject to the other conditions and limitations therein set forth and set forth in this Article II, Global Rate Options and Interest Periods applicable to portions of the Syndicated Global Advances.

  • The Lender and each holder of this Note are authorized to inscribe on the Schedule, the date of the making of each Revolving Loan, the amount of each Revolving Loan, the applicable Rate Options and Interest Periods, all payments on account of principal and the aggregate outstanding principal balance of this Note from time to time unpaid.

  • The Accounts shall be credited or charged during the deferral period with performance returns, which include reinvestment of all dividend and capital gain distributions (together the “Performance Return”), based on the performance of the designated Credit Rate Options.

  • Specific reference is made to the Interest Rate Options section of the Agreement for terms governing the designation of interest periods and rate portions.

  • The Floating Rate Options shall have the meanings given to them in the ISDA Definitions, provided that where the rate for a Reset Date (i) is unavailable (including where such rate ceases, or will cease, to be provided by its administrators), (ii) is not sufficiently robust, (iii) is not fit for purpose or (iv) has materially changed, in each case as determined by the Clearing House in its sole discretion, the Clearing House will determine an alternative rate at its sole discretion.

  • The counterparties also carry the complete exposure on each other, with no clearinghouse standing as a guarantor for the deals.2.2.1 Interest Rate Options (IROs)‌ An IRO is an interest rate risk management product – that is, it protects the buyer from an adverse movement in interest rates.

  • All prepayments required pursuant to this Section 5.6.1 [Currency Fluctuations; Application Among Interest Rate Options] shall first be applied among the Interest Rate Options to the principal amount of the Revolving Credit Loans subject to the Base Rate Option, then to Revolving Credit Loans subject to a Euro-Rate Option and then to Optional Currency Swing Loans subject to the Euro-Rate Option.


More Definitions of Rate Options

Rate Options. At the Borrower’s option: • ABR plus the Applicable ABR Margin • Eurocurrency Rate plus the Applicable Eurocurrency Margin • Competitive Bid Rate
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Rate Options. Borrower shall pay Bank interest on tile unpaid balance of tile Revolving Loan on the earlier of a monthly basis or, if applicable, the maturity date of a contract for a LIBOR Rate Advance (as hereafter defined). Interest on the Revolving Loan shall be payable pursuant to Borrower's option as set forth below:
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Rate Options. The Contract Rate for each Advance (other than Foreign Currency Advances) shall be determined in accordance with the provisions of this Section 3.A., subject to the other terms and conditions of this Agreement and the Notes. The "Contract Rate" shall mean the interest rate per annum applicable to an Advance as determined by the provisions of this Agreement. On any day that is within the LIBOR Interest Period for a LIBOR Advance, the Contract Rate for that LIBOR Advance shall equal the lesser of (i) the Alternate Rate for that LIBOR Interest Period, or (ii) the Maximum Lawful Rate; and, at all times, the Contract Rate for all unpaid principal indebtedness that is not part of a LIBOR Advance shall equal the lesser of (i) the Prime Rate, or (ii) the Maximum Lawful Rate. On any Business Day that is at least two (2) Business Days before the beginning of a LIBOR Interest Period, Borrower may exercise an option (the "Rate Option") to designate either (i) the outstanding principal indebtedness or Advance which is to bear interest at the Prime Rate, or (ii) the LIBOR Advance to which a LIBOR Interest Period and an Alternate Rate shall apply. Subject to the provisions of Sections 3.B. and 3.D. below, Borrower may exercise the Rate Option by either (i) giving written notice of such exercise to Bank, which notice shall identify the principal indebtedness, or Advance, affected by the Rate Option, the amount of such Advance, and, in the case of any LIBOR Advance, the first day of such LIBOR Interest Period and the length of such LIBOR Interest Period (one month, two months, three months, six months, or one year), or (ii) giving notice to Bank in any other manner that is acceptable to Bank. If the Rate Option is so exercised and Borrower elects an Alternate Rate, then for the LIBOR Advance identified in such notice, a LIBOR Interest Period of the length specified in that notice shall begin on the date specified in that notice, subject to the terms and conditions of the Note.
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Rate Options means individually, and collectively, the choice of applicable interest rates and LIBOR Periods offered 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 Options the Balance Supported Rate, Eurodollar Rate and Reference Rate plus any applicable interest rate margin in the instance of the Eurodollar Rate and Reference Rate.
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Related to Rate Options

  • Rate Option means the Eurocurrency Rate or the Floating Rate, as applicable.

  • Interest Rate Option means any LIBOR Rate Option or Base Rate Option.

  • Base Rate Option means the option of the Borrower to have Loans bear interest at the rate and under the terms set forth in Section 4.1.1(a)(i) [Revolving Credit Base Rate Option].

  • Revolving Credit Base 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

  • LIBOR has the meaning specified in the definition of Eurodollar Rate.

  • Floating Rate Interest Period means, during the Floating Rate Period, the period beginning on (and including) a Floating Rate Period Interest Payment Date and ending on (but excluding) the next succeeding Floating Rate Period Interest Payment Date; provided that the first Floating Rate Interest Period will begin on (and include) April 18, 2025 and will end on (but exclude) the first Floating Rate Period Interest Payment Date.

  • LIBOR Loans means a Loan or any portion thereof bearing interest by reference to the LIBOR Rate.

  • Borrowing Tranche means specified portions of Loans outstanding as follows: (i) any Loans to which a LIBOR Rate Option applies which become subject to the same Interest Rate Option under the same Loan Request by the Borrower and which have the same Interest Period shall constitute one Borrowing Tranche, and (ii) all Loans to which a Base Rate Option applies shall constitute one Borrowing Tranche.