Base Rate

Base Rate. Shall mean, with respect to any day for Base Rate Loans, including Sweep Loans, in any Revolving Loan Borrowing, a rate per annum equal to the quotient (rounded upward, if necessary, to the nearest 1/16 of one percent) of (a) the Daily LIBOR Rate divided by (b) one (1) minus the Reserve Requirement in effect from time to time. The Base Rate shall be adjusted automatically as to all Base Rate loans then outstanding as of the effective date of any change in either the Base Rate or the Reserve... Requirement. View More

Base Rate. Shall mean the highest prime rate published in The Wall Street Journal in its table entitled Money Rates or such similar publication, quoting service or commonly available source used by the Bank for determining prime rate ("Prime").

Base Rate. Means the sum of (a) the Applicable Base Rate Margin (as defined in Section 1.6) plus (b) the Prime Rate.

Base Rate. Shall mean, at any time, the higher of (i) the per annum rate equal to the Fed Funds Rate, PLUS one hundred fifty Basis Points at such time and (ii) the Prime Rate at such time.

Base Rate. As of any day: (i) prior to the Variable Rate Tariff Date and at any time when FERC has modified any tariff applicable to Maker in a manner that could reasonably be expected to have, as reasonably determined by Payee, a Material Adverse Effect (as defined in the Commitment Letter), a per annum rate equal to the greater of: (A) 10.75% or (B) 7.00% plus the LIBOR Rate in effect on such day; and (ii) after the Variable Rate Tariff Date and at all times thereafter as... long as FERC has not modified the tariff then applicable to Maker in a manner that could reasonably be expected to have, as reasonably determined by Payee, a Material Adverse Effect (as defined in the Commitment Letter), a per annum rate equal to the greater of: (A) 9.75% or (B) 6.00% plus the LIBOR in effect on such day. View More

Base Rate. Means, from day to day, an annual rate of interest equal to the lesser of (a) 12% and (b) the Maximum Rate.

Base Rate. Shall mean, at any time, the Prime Lending Rate (as defined in the Note Purchase Agreement).

Base Rate. Means the greatest of (a) the rate of interest announced, from time to time, within Wells Fargo at its principal office in San Francisco as its "prime rate," with the understanding that the "prime rate" is one of Wells Fargo's base rates (not necessarily the lowest of such rates) and serves as the basis upon which effective rates of interest are calculated for those loans making reference thereto and is evidenced by the recording thereof after its announcement in such internal publications as... Wells Fargo may designate, (b) the Federal Funds Rate, as in effect from time to time, plus one-half of one percent (0.50%), (c) the LIBOR Rate, and (d) four percent (4%) per annum. Wells Fargo's "prime rate" is a reference rate and does not necessarily represent the lowest or best rate charged to customers. Wells Fargo may make commercial loans or other loans at rates of interest at, above or below Wells Fargo's "prime rate." Each change in Wells Fargo's prime rate shall be effective from and including the date such change is publicly announced as being effective. View More

Base Rate. Means a variable per annum reference rate of interest (as announced and adjusted by The Bank of Nova Scotia from time to time in the city of New York) for United States dollar loans made by said bank in the United States and Puerto Rico, without any representation by the Bank that said rate is the most favorable rate offered by the Bank or by The Bank of Nova Scotia.

Base Rate. As used in this Agreement means the rate published in The Wall Street Journal from time to time as the "Prime Rate," presently calculated as the base rate on corporate loans posted by at least seventy five percent (75%) of the thirty (30) largest banks of the United States.