Contract Rate

Contract Rate. A variable per annum rate of interest (as determined by Clear Channel from time to time and for each applicable period under the Note) equal to the weighted-average interest rate on the (a) outstanding Clear Channel Worldwide Holdings, Inc. 6.50% Series A Senior Notes due 2022 and Clear Channel Worldwide Holdings, Inc. 6.50% Series B Senior Notes due 2022 (collectively, the 'CCWH Notes') and (b) any term loans or debt securities issued to refinance a significant portion of the CCWH Notes;... provided that, in the event that (x) the outstanding balance due under the Note exceeds $1.0 billion, the per annum rate of interest applicable to such excess balance (i.e., the amount that exceeds $1.0 billion) will be (only for so long as the outstanding balance due under the Note exceeds $1.0 billion) an amount equal to the Average Yield-to-Maturity or (y) the Clear Channel Liquidity Ratio is, on an actual basis, less than 2.0x, the per annum rate of interest applicable to the entire outstanding balance due under the Note (only for so long as the Clear Channel Liquidity Ratio is less than 2.0x) will be an amount equal to the Average Yield-to-Maturity. Interest will be calculated by Clear Channel as of the last day of each month using (x) daily Note balance amounts and (y) (if applicable) the Average Yield-to-Maturity for such month. For purposes of clarity, the Contract Rate as of the date hereof is 6.5% per annum. View More

Contract Rate. As defined and used in the Original Note is hereby amended and restated in its entirety to read as follows: "‘Contract Rate' means a variable per annum rate of interest equal to the "Contract Rate" as defined in the Revolving Promissory Note, dated August 2, 2005 (as amended), in the maximum available principal amount of $1.0 billion, executed by CCOH, as maker thereof, payable to the order of CCU, as payee thereunder.

Contract Rate. ‘Contract Rate' means a variable per annum rate of interest equal to the weighted-average interest rate on the outstanding Refinancing Notes, as such weighted-average cost is determined by CCU from time to time and for each applicable period under this Note. A certificate of CCU as to such weighted-average cost for any period shall be conclusive proof of such cost, absent manifest error in the mechanical calculation thereof.

Contract Rate. Means three per cent over the base rate from time to time of HSBC Bank plc

Contract Rate. A rate of interest based upon the LIBOR Base Rate or WFB Base Rate in effect at any time pursuant to an Interest Notice.

Contract Rate. 6.0% interest per annum.

Contract Rate. Means a per annum rate equal to the sum of the Base Rate in effect from time to time plus the Applicable Margin. Notwithstanding anything to the contrary set forth herein, if at any time the Contract Rate determined as provided above would be less than 3.50% per annum, then the Contract Rate shall be deemed to be 3.50% per annum.

Contract Rate. Four per cent over the base rate from time to time of Lloyds Bank plc;

Contract Rate. Means the rate for the Inventory charged by Octopus to Client in accordance with Clause 4(a);