Sterling Base Rate means, for any day, the rate per annum equal to the base rate as set by the Monetary Policy Committee of the Bank of England plus 1/2 of 1%.
Sterling Base Rate means, at any time, that rate per annum announced by Midland Bank plc to be its Sterling base rate (which may not necessarily be its lowest or best rate), as adjusted to conform to changes as of the opening of business on the date of any such change in such rate, plus the sum of (a) the Applicable Margin with respect to Base Rate Loans in effect at such time and (b) two percent (2%). Each Loan or portion thereof bearing interest based on the Sterling Base Rate shall be a "Sterling Base Rate Loan."
Sterling Base Rate means, for any day, a fluctuating rate per annum determined by the Agent as being equal to the base rate of interest (prior to including any margin) at which prime banks in London generally make advances in Sterling available to commercial borrowers in amounts and for periods comparable to the applicable amount of the Advance for which such rate is being determined for the remainder of the Rate Period applicable thereto.
Examples of Sterling Base Rate in a sentence
Interest is incurred at 2.25% over the Bank of England Sterling Base Rate.
The interest rate on 180-day import loans drawn under the Trade Finance agreement is 2.45% per annum over HSBC's Sterling Base Rate, and on an overdraft if and when drawn, is 3.25% over base.
The interest rate on 160-day import loans drawn under the Import Loan agreement is 2.45% per annum over HSBC’s Sterling Base Rate, and on an overdraft if and when drawn, is 3.25% over base.
The interest rate for the Sterling Base Rate Loan is 1.875% above the HSBC Base Rate; however the Charity can select for the rate to be 1.875% above LIBOR for amounts in excess of £100,000.
When the Association uses the school copier, the Association shall purchase the paper.
More Definitions of Sterling Base Rate
Sterling Base Rate means, for any day, the higher of (a) a floating rate equal to the rate publicly quoted from time to time by The Wall Street Journal as the “prime rate” for Britain (or, if The Wall Street Journal ceases quoting a rate of the type described, the prime rate for Sterling generally posted by Britain’s largest banks) and (b) 3.00% per annum. Any change in the Sterling Base Rate due to a change in the foregoing shall be effective on the effective date of such change in the “prime rate” for Britain. “Sterling LIBOR” means, for each Interest Period, the offered rate per annum for deposits of Sterling for the applicable Interest Period that appears on Reuters Screen LIBOR01 as of 11:00 A.M. (London, England time) two (2) Business Days prior to the first day in such Interest Period. If no such offered rate exists, such rate will be the rate of interest per annum, as determined by the Agent (rounded upwards, if necessary, to the nearest 1/100 of 1%) at which deposits of Sterling in immediately available funds are offered at 11:00 A.M. (London, England time) two (2) Business Days prior to the first day in such Interest Period by major financial institutions reasonably satisfactory to the Agent in the London interbank market for such Interest Period for the applicable principal amount on such date of determination.
Sterling Base Rate means the rate announced by the Bank's ------------------ London Branch from time to time as its Sterling Base Rate.
Sterling Base Rate means, for any period, a fluctuating interest rate per annum as shall be in effect from time to time which rate per annum shall at all times be equal to the rate of interest announced publicly by Coutts in London, England, from time to time, as its base, prime or reference rate.
Sterling Base Rate the variable rate of interest per annum announced from time to time by Fleet National Bank London Branch as its base lending rate (or analogous rate).
Sterling Base Rate the rate of interest per annum publicly announced from time to time by Chemical Bank as its base lending rate (or analogous rate) in effect at its principal office in London, England (such base lending rate not being intended to be the lowest rate of interest charged by Chemical Bank in connection with extensions of credit to debtors) plus 1/4 of 1%.
Sterling Base Rate the rate of interest per annum publicly announced from time to time by Chase as its base lending rate (or analogous rate) in effect at its principal office in London, England (such base lending rate not being intended to be the lowest rate of interest charged by Chase in connection with extensions of credit to debtors) plus 1/4 of 1%.
Sterling Base Rate means the rate of interest announced from time to time by the London Branch of the Agent as its base lending rate for Sterling, as in effect at the relevant time of reference thereto.