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.
Any such change in such rate of interest shall become effective on the date of the change in the Sterling Base Rate and/or the date of the change in the Applicable Margin.
The rate of interest on the Overdraft Facility shall be adjusted from time to time to reflect changes in the Sterling Base Rate and the Applicable Margin.
All computations of interest on the Revolving Credit Loans, the Sterling Base Rate Loans and of commitment fees, Letter of Credit Fees or other fees shall, unless otherwise expressly provided herein, be based on a 360-day year and paid for the actual number of days elapsed.
Except as provided in ss.5.11 hereto, interest on the Overdraft Facility shall be payable at the annual percentage rate of interest determined by the Agent to be the sum of (i) the Sterling Base Rate, plus (ii) the Applicable Margin with respect to Sterling Base Rate Loans as in effect from time to time.
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 annual rate announced by the UK Fronting ------------------ Bank from time to time as its reference rate for loans denominated in Sterling.
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 plus½ of 1%. “Subject Lender” is defined in Section 5.12.
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.
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 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 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).