Singapore Base Rate definition

Singapore Base Rate means, for any day, a rate per annum equal to the Singapore Administrative Agent’s base lending rate for the applicable currency being the rate from time to time set by the Singapore Administrative Agent based on various factors including the Singapore Administrative Agent’s cost of funds and desired return and general economic conditions and which is used as a reference point for pricing loans made by it in the applicable currency. The Singapore Base Rate in effect under this Agreement with respect to Loans in a particular currency will be the same rate quoted generally by the Singapore Administrative Agent with respect to other borrowers of loans in the same currency priced based on the Singapore Administrative Agent’s “base” or “reference” rate; provided that such rate may not reflect the lowest rate quoted by the Singapore Administrative Agent or its Affiliates with respect to loans made by them.

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Singapore Base Rate means the per annum interest rate established from time to time by Singapore Correspondent Lender as the Singapore Correspondent Lender’s “prime rate” for loans in Singapore Dollars or similar index, whether or not such rate is publicly announced; the Singapore Base Rate may not be the lowest interest rate charged by Singapore Correspondent Lender for commercial or other extensions of credit in Singapore Dollars. Each change in the Singapore Base Rate shall be effective immediately from and after such change.

Singapore Base Rate on any day, in relation to Singapore Dollars, the prevailing prime lending rate of Bank of America–Singapore Branch in Singapore Dollars, as announced by Bank of America–Singapore Branch, from time to time in force on such day and, for the purposes of this Agreement a change in the prime lending rate of Bank of America–Singapore Branch shall be effective on and from the day on which it is announced by Bank of America–Singapore Branch, or if such announcement provides for such change to come into effect on a later day, on and from such later day. Such rate is set by Bank of America–Singapore Branch on the basis of various factors, including its costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans, which may be priced at, above or below such rate; provided, that in no event shall the Singapore Base Rate be less than zero."

Examples of Singapore Base Rate in a sentence

If no election as to the Type of Singapore Revolving Loan Borrowing is specified, then the requested Revolving Loan shall be a Singapore Base Rate Loan.
Singapore Protective Advances may be made in Dollars, Euros or Singapore Dollars and shall be Singapore Base Rate Borrowings.
The Singapore Swingline Loans shall be Singapore Base Rate Loans and bear interest as set forth in Section 3.1. Each Singapore Swingline Loan shall constitute a Revolver Loan for all purposes except that payments thereon shall be made to the Singapore Swingline Lender for its own account.
The Singapore Revolver Loans shall bear interest as set forth in Section 3.1. Each Singapore Revolver Loan shall, at the option of the Applicable Singapore Borrower, be made or continued as, or converted into, part of one or more Borrowings that, unless specifically provided herein, shall consist entirely of SIBOR Loans or Singapore Base Rate Loans if denominated in Singapore Dollars, or LIBOR Loans or Singapore Base Rate Loans if denominated in Dollars or Euros.
The Agent will notify each applicable Lender of the interest rate applicable to each Fixed Rate Advance promptly upon determination of such interest rate and will give each Lender prompt notice of each change in the Alternate Base Rate and Singapore Base Rate.
Changes in the rate of interest on that portion of any Advance maintained as a Floating Rate Advance will take effect simultaneously with each change in the Alternate Base Rate or Singapore Base Rate, as the case may be.
If, upon the expiration of any Interest Period in respect of any SIBOR Loans, the Asian Loan Party Agent shall have failed to deliver a Notice of Conversion/Continuation with respect thereto as required above, the Applicable Singapore Borrower shall be deemed to have elected to convert such Loans into Singapore Base Rate Loans.
The Singapore Revolver Loans shall bear interest as set forth in Section 3.1. Each Singapore Revolver Loan shall, at the option of the Applicable Singapore Borrower, be made or continued as, or converted into, part of one or more Borrowings that, unless specifically provided herein, shall consist entirely of SIBOR Loans or Singapore Base Rate Loans if denominated in Singapore Dollars, or LIBOR Loans or Singapore Base Rate Loans if denominated in Dollars.
The Singapore Alternate Swingline Loans shall be Singapore Base Rate Loans and bear interest as set forth in Section 3.1. Each Singapore Alternate Swingline Loan shall constitute a Revolver Loan for all purposes except that payments thereon shall be made to the Singapore Swingline Lender for its own account.
All Singapore Protective Advances made by the Agent with respect to each Singapore Facility Loan Party shall be Singapore Facility Obligations of such Singapore Facility Loan Party, secured by the applicable Singapore Facility Collateral and shall be treated for all purposes as Singapore Base Rate Loans.

More Definitions of Singapore Base Rate

Singapore Base Rate means the per annum interest rate established from time to time by Singapore Correspondent Lender as the Singapore Correspondent Lenders “prime rate” for loans in Singapore Dollars or similar index, whether or not such rate is publicly announced; the Singapore Base Rate may not be the lowest interest rate charged by Singapore Correspondent Lender for commercial or other extensions of credit in Singapore Dollars. Each change in the Singapore Base Rate shall be effective immediately from and after such change.