Base Rate

Example Definitions of "Base Rate"
Base Rate. A floating and fluctuating per annum rate of interest equal to the rate of interest announced by the Bank as its prime rate of interest. The Base Rate does not necessarily represent the lowest rate of interest charged by the Bank to borrowers.
Found in DONEGAL GROUP INC contract
Base Rate. Shall mean that rate of interest (expressed as a percent per annum) equal to Lender's 'base' or 'prime' rate (which is not necessarily the lowest or most favorable rate of interest charged by Lender on commercial loans at any time) in effect from time to time, which means a base rate of interest established by Lender from time to time that serves as the basis upon which effective rates of interest are calculated for those loans making reference thereto. Any change in the rate of interest... hereunder due to a change in the base or prime rate shall become effective on the date each change in the base or prime rate is announced by Lender. View More
Found in GERMAN AMERICAN BANCORP, INC. contract
Base Rate. The Prime Rate
Found in MIDDLESEX WATER CO contract
Base Rate. Shall mean two (2) percentage point(s) above the rate of interest announced by the Bank as its prime rate of interest ('Prime Rate').
Found in GTJ REIT, INC. contract
Base Rate. Means, for any day, a rate per annum equal to the highest of (a) the Prime Rate for such day, (b) the sum of 0.50% plus the Federal Funds Rate for such day and (c) except during a Eurodollar Unavailability Period, the Eurodollar Rate plus 1.00%.
Found in STONEMOR PARTNERS LP contract
Base Rate. Shall have the meaning assigned thereto in the Greystone Term Note subject to the Rate Floor.
Found in GREYSTONE LOGISTICS, INC. contract
Base Rate. The Prime Rate as in effect from time to time plus three percent (3.0%).
Found in STREAMLINE HEALTH SOLUTIONS INC. contract
Base Rate. Wachovia's Prime Rate
Found in Urban Outfitters contract
Base Rate. The annual rate of interest established from time to time by the Bank and/or published on its website as the "F&M Base Rate." The F&M Base Rate may be adjusted throughout the term of the loan or loans governed or evidenced hereby, and any change in the F&M Base Rate due to a change in such announced and/or published rate shall be effective on the day of the announced change in such rate. The F&M Base Rate is not necessarily the best or lowest rate charged by the Bank and is set by the Bank in... its sole discretion. If the F&M Base Rate becomes unavailable during the term of this loan, the Bank may substitute a different rate after notifying Borrowers. View More
Found in Ring Energy, Inc. contract
Base Rate. A per annum rate of interest equal to the greater of: (i) four percent (4%), and (ii) the LIBO Rate plus 125 basis points.
Found in Office Depot Inc contract
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