The Base Rate definition

The Base Rate plus the applicable margin as determined above is hereinafter referred to as the "Revolving Credit Rate." Changes in the Base Rate shall be effective on the first day of each month, based on the Base Rate in effect on such day. Interest shall be due upon the rendering of each monthly invoice therefor by FNB-O. Notwithstanding anything to the contrary elsewhere herein, after an Event of Default has occurred interest shall accrue on the entire outstanding balance of principal and interest on all indebtedness hereunder at a fluctuating rate equal to the Default Rate.
View Source
The Base Rate means the Bank’s internal benchmark for interest rates in relation to Kenya Shillings informed by the banks internal parameters that may include and not limited to: Operating Expenses, Cost of Funding , Cost of Capital, among others. The Banks Internal benchmark may vary from time to time and will be reviewed periodically as the Bank determines. If the Interest rate on your loan is variable, it will change from time to time as advised and/or as the Base Rate changes and/or changes in any other rate as prescribed by the Central Bank of Kenya and/or based on changes in your risk profile, which will be reviewed periodically. If your interest rate is fixed, your loan interest will remain fixed unless you do not meet your contractual obligations. If we vary the Interest rate, we will notify you of the effective date of the revised interest rate and give you reasonable notice of the change prior to imposition in accordance with the applicable laws. The notice will include the new interest rates and to the extent possible and/or the change in the instalment amount, or tenor of your loan before the change takes effect. We will charge you Interest on the balance outstanding on your loan on a day to day basis, based on a 365 day year, and this will be applied in arrears on a monthly basis.
View Source
The Base Rate means the three (3) month Dublin Inter Bank Offered Rate (DIBOR) or its equivalent three (3) month European Inter Bank Offered Rate (EURIBOR) as quoted by Allied Irish Bank Plc on the Commencement Date
View Source

Examples of The Base Rate in a sentence

  • The Base Rate is a reference rate and does not necessarily represent the lowest or best rate being charged to any customer.

  • The Base Rate is a reference rate used by the lender acting as Agent in determining interest rates on certain loans and is not intended to be the lowest rate of interest charged by the lender acting as the Agent or any other lender on any extension of credit to any debtor.

  • The Base Rate in effect on the date hereof shall be the Base Rate effective as of the opening of business on the date hereof, but if this Agreement is executed on a day that is not a Business Day, the Base Rate in effect on the date hereof shall be the Base Rate effective as of the opening of business on the last Business Day immediately preceding the date hereof.

  • The Base Rate, as adjusted, shall apply to the Credit until the Base Rate is adjusted again.

  • The Base Rate Advances Outstanding shall bear interest at the Base Rate Yield Rate.

  • The Base Rate is a reference rate used by the Lender acting as the Agent in determining interest rates on certain loans and is not intended to be the lowest rate of interest charged by the Lender acting as the Agent or any other Lender on any extension of credit to any debtor.

  • The Base Rate can go up or down depending on what the Bank of England decide to do when they change it.

  • The Base Rate in effect from time to time plus the Applicable Margin shall replace the then-current Benchmark for any determination of interest hereunder or under any other Loan Document during a Benchmark Unavailability Period.

  • The Base Rate (as defined herein) with respect to this Note is the London interbank offered rate, or “LIBOR.” Except as described below, this Note will bear interest at the rate determined by reference to the appropriate interest rate basis (the “Base Rate”) and Index Maturity, each as specified in the Pricing Supplement, plus the Spread specified in the Pricing Supplement.

  • The Base Rate in effect on the date hereof shall be the Base Rate effective on the opening of business on the date hereof, but if this Agreement is executed on a day that is not a Business Day, the Base Rate in effect on the date hereof shall be the Base Rate effective as of the opening of business on the last Business Day immediately preceding the date hereof.


More Definitions of The Base Rate

The Base Rate means, for any day, the higher of (i) the per annum rate of interest determined by Citibank N.A. in New York City, from time to time, in its sole discretion, as its United States dollar prime commercial lending rate for such day and (ii) the sum of (A) the average rate charged to Citibank N.A. for overnight federal funds on such day (rounded upward, if necessary, to the nearest 1/100 of 1%) plus (B) 1/2%.
View Source
The Base Rate means the rate of interest at which the Company may charge from the Due Date up to and including the date of actual payment.
View Source
The Base Rate means the annual rate of interest for the time being chargeable under Section 22 of the Courts A▇▇ ▇▇▇▇;
View Source
The Base Rate means, at any time, the higher of the (i) Prime Rate or (ii) the Federal Funds Rate plus one-half of one percent (0.50%) per annum.
View Source
The Base Rate means that the rate of interest designated or announced by you from time to time as your "Base Rate" and used internally by you to calculate the interest payable to you under notes or other agreements providing for interest based on your Base Rate. The Base Rate is not necessarily the lowest rate granted by you; credit may be extended at interest rates both above and below the Base Rate. Principal shall be payable MONTHLY, BEGINNING MARCH 27, 1993_______________ ________________________________________________________________________________ Interest shall be payable MONTHLY, BEGINNING MARCH 27, 1993________________ ________________________________________________________________________________ COLLATERAL: 1976 CESSNA 172M, REGISTRATION NO. N80583, SERIAL NO. 17266659______ ________________________________________________________________________________ INSURANCE: If you require property insurance, I may obtain such insurance through the person of my choice.
View Source
The Base Rate means the Bank’s internal benchmark for interest rates in relation to Kenya Shillings informed by the prevailing Treasury Bill rates. If the Interest rate on your loan is variable and will change from time to time as advised and/or as the Base Rate changes and/or changes in any other rate as prescribed by the Central Bank of Kenya and/or based on changes in your risk profile which will be reviewed periodically. If your interest rate is fixed, your loan interest will vary based on changes in your risk profile which will be reviewed periodically. If we vary the Interest rate, we will notify you of the effective date of the revised interest rate and give you reason- able notice of the change prior to imposition in accordance with the applicable laws. The notice will include the new interest rates to the extent possible and/or the change in the instalment amount, or tenor of your loan before the change takes effect. We will charge you Interest on the balance outstanding on your loan on a day to day basis, based on a 365 day year, and this will be applied in arrears on a monthly basis.
View Source

Related to The Base Rate

  • Applicable Base Rate means (i) with respect to a Rate Period of fewer than 49 days, the greater of (a) the SIFMA Municipal Swap Index or (b) the LIBOR Rate, and (ii) with respect to a Rate Period of 49 or more days, the LIBOR Rate.

  • U.S. Base Rate means, on any day, the annual rate of interest equal to the greater of (a) the annual rate of interest announced by a commercial Canadian bank selected by the Lender and in effect as its base rate at its principal office in Toronto, Ontario on such day for determining interest rates on Dollar demand commercial loans in Canada, and (b) the sum of the Federal Funds (Effective) Rate plus 0.50% per annum.

  • Alternate Base Rate means, for any day, a rate per annum equal to the greatest of (a) the Prime Rate in effect on such day, (b) the Base CD Rate in effect on such day plus 1% and (c) the Federal Funds Effective Rate in effect on such day plus 1/2 of 1%. Any change in the Alternate Base Rate due to a change in the Prime Rate, the Base CD Rate or the Federal Funds Effective Rate shall be effective from and including the effective date of such change in the Prime Rate, the Base CD Rate or the Federal Funds Effective Rate, respectively.

  • CD Base Rate has the meaning set forth in Section 2.07(b).

  • LIBOR Base Rate means, for each Interest Period, the London interbank offered rate for six-month deposits in Dollars for value the first day of such Interest Period (or, in the case of the initial Interest Period, for value the Interest Payment Date occurring on or next preceding the first day of such Interest Period), as reasonably determined by the Bank and expressed as a percentage per annum.