Base Rate

Base Rate. Means, at any particular date, the higher of (i) the Prime Rate, or (ii) two percent (2%) per annum above the Federal Funds Effective Rate, rounded to the nearest 1/4 of 1% (.25%). The determination of the Base Rate by Agent shall be conclusive absent manifest error.

Base Rate. Means, for any day, the rate per annum (rounded upwards, if necessary, to the nearest whole multiple of 1/100 of 1%) equal to the greater of (a) the Federal Funds Rate in effect on such day plus 1/2 of 1% (0.5%) and (b) the Prime Rate in effect on such day. If for any reason the Bank shall have determined (which determination shall be conclusive absent manifest error) that it is unable after due inquiry to ascertain the Federal Funds Rate for any reason, including the inability or failure of... the Bank to obtain sufficient quotations in accordance with the terms hereof, the Base Rate shall be determined without regard to clause (a) of the first sentence of this definition until the circumstances giving rise to such inability no longer exist. Any change in the Base Rate due to a change in the Prime Rate or the Federal Funds Rate shall be effective on the effective date of such change in the Prime Rate or the Federal Funds Rate, respectively. View More

Base Rate. The higher of (i) the prime commercial lending rate announced from time to time by Sovereign Bank, or (ii) the rate quoted by Sovereign Bank at approximately 11:00 am, New York City time, to dealers in the New York Federal Funds Market for the overnight offering of dollars by Sovereign Bank for deposit, plus one-half of one percent (0.50%).

Base Rate. Shall mean the higher of (i) the prime commercial lending rate announced from time to time by The Chase Manhattan Bank, or (ii) the rate quoted by The Chase Manhattan Bank at approximately 11:00 am, New York City time, to dealers in the New York Federal Funds Market for the overnight offering of dollars by The Chase Manhattan Bank for deposit, plus one-half of one percent (0.5001).

Base Rate. The per annum rate equal to the greater of (i) thirteen percent (13%); or (ii) the sum of (x) the One-Year LIBOR Rate, as hereinafter defined, as it fluctuates from time to time, plus (y) eleven percent (11%), but not in excess of the Highest Lawful Rate provided, however, until Payee has received and approved the Updated Surveys (as defined in the Loan Agreement) in accordance with the terms of the Loan Agreement and all issues ... revealed thereby have been resolved to the Payee's satisfaction, the rate referenced in clause (i) above will be fifteen and one-half percent (15.5%) for the first sixty (60) days following the funding of this Note, then sixteen and one-half percent (16.5%) for the next sixty (60) days thereafter, then seventeen percent (17%) thereafter (until the aforementioned Updated Surveys have been delivered and any related issues have been resolved to Payee's satisfaction as aforesaid). View More

Base Rate. The per annum rate equal to the greater of (i) twelve percent (12%) or (ii) the Wall Street Journal Prime Rate PLUS four and one-half percent (4 1/2%).

Base Rate. Shall mean the per annum rate equal to the greater of (i) nine and nine-tenths percent (9 9/10ths%) or (ii) the Wall Street Journal Prime Rate PLUS two and one-half percent (2 1/2%).

Base Rate. 6.58%.

Base Rate. Shall mean for any day the rate of interest from time to time as published in the "Money Rates" section of The Wall Street Journal as the highest U.S. bank prime commercial lending rate, or if such rate is no longer available, such similar interest rate as agreed 5 between the Company and TECO. Each change in the Base Rate shall take effect at the time of such changes in the prime lending rate.

Base Rate. Means the highest of (A) the Prime Rate, (B) the sum of the Overnight Bank Funding Rate plus 50 basis points (0.50%), and (C) the sum of Daily Simple SOFR plus 100 basis points (1.00%), so long as Daily Simple SOFR is offered, ascertainable and not unlawful; provided, however, if the Base Rate as determined above would be less than zero, then such rate shall be deemed to be zero. Such rate shall be subject to adjustment as of each Business Day based on changes to any applicable rates or indices... described herein, without notice to the Obligor; View More