Base Rate
Base Rate. Shall mean a per annum interest rate equal to the greater of (i) the Wall Street Journal Prime Rate, as it fluctuates from time to time, plus four percent (4%) or (ii) twelve percent (12%) per annum.
Base Rate. Means the commercial loan rate of interest announced publicly from time to time by Bank of America, N.A. (or any successor thereto) in Tampa, Florida as such bank's "reference rate" or "prime rate" as from time to time in effect.
Base Rate. Means Base Index plus two and one-quarter percent (2.25%).
Found in
PROLONG INTERNATIONAL CORP contract
Base Rate. Shall mean the one-month London InterBank Offering Rate ("LIBOR") as provided by the Bank on the repricing date.
Found in
WESTCORP contract
Base Rate. Means, for any day, a fluctuating rate per annum equal to the highest of (a) the Federal Funds Rate, as in effect from time to time, plus one-half of one percent (0.50%), (b) the Adjusted LIBO Rate plus one percent (1.00%), or (c) the rate of interest in effect for such day as publicly announced from time to time by Wells Fargo as its "prime rate." The "prime rate" is a rate set by Wells Fargo based upon various factors including Wells Fargo's costs and desired return, general economic...
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Base Rate. Means the higher of, for any day: (a) the rate per annum equal to the weighted average of the rates on overnight Federal funds transactions as published by the Federal Reserve Bank of New York for such day (or for any day that is not a Banking Day, for the immediately preceding Banking Day) and (b)-the rate of interest per annum publicly announced from time to time announced by the Bank as its prime rate in effect at the New York Office; each change in the Prime Rate shall be effective from and...
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Found in
PENSON WORLDWIDE INC contract
Base Rate. Shall mean, for any day, 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 greatest of: (i) the rate of interest established by KeyBank in Cleveland, Ohio, from time to time, as its "prime rate," whether or not publicly announced, which interest rate may or may not be the lowest rate charged by it for commercial loans or other extensions of credit; (ii) the Federal Funds Effective Rate in effect from time to...
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Base Rate. Means a fluctuating rate per annum equal to the greater of (i) the interest rate per annum announced from time to time by the Bank as its then prime rate, which rate may not be the lowest rate then being charged commercial borrowers by the Bank; or (ii) the rate applicable to federal funds transactions, as reasonably determined by the Bank, plus .50%;
Base Rate. Means a fluctuating rate per annum equal to the highest of (i) the interest rate per annum announced from time to time by the Bank as its then prime rate, which rate may not be the lowest rate then being charged commercial borrowers by the Bank; or (ii) the rate applicable to federal funds transactions, as reasonably determined by the Bank, plus fifty basis points (0.50%); or (iii) the Daily LIBOR Rate plus 100 basis points (1.0%), so long as a Daily LIBOR Rate is offered, ascertainable and not...
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Found in
MISCOR GROUP, LTD. contract
Base Rate. Means on any date, a fluctuating rate of interest per annum equal to the highest of (a) the Prime Rate, (b) the Federal Funds Rate plus 0.50% per annum, and (c) if a Series 2009-1 Noteholder has notified the Issuer in writing that Market Disruption Pricing Event is then continuing with respect to a Series 2009-1 Noteholder, an interest rate per annum solely with respect to such Series 2009-1 Noteholder equal to the lesser of (x) one and one half of one percent (1.50%) over the then Adjusted...
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