Fixed Rate Basis definition

Fixed Rate Basis means the calculation of interest due on the Loan in accordance with Clause 6.1.2(b) (Calculation of Interest).
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Fixed Rate Basis means the aggregate of the applicable Margin, the Mandatory Cost (if applicable) and the Fixed Rate.
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Fixed Rate Basis means a fixed rate of interest equal to five and one half percent (5.5%).
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Examples of Fixed Rate Basis in a sentence

  • As compensation for costs incurred but not chargeable under Section II (Direct Charges) and not covered by other provisions of this Section III, the Operator shall charge on either: x (Alternative 1) Fixed Rate Basis, Section III.1.B. o (Alternative 2) Percentage Basis, Section III.1.C.

  • If the Company and the Global Agent agree to convert the interest rate in respect of each Loan to a Fixed Interest Rate in accordance with Clause 9.4 (Fixed Rate Loans) of the Common Terms Agreement, Clause 9.4 (Fixed Rate Loans) and Clause 9.5 (Fixed Rate Basis) of the Common Terms Agreement shall apply.

  • Any interest or fee accruing under this Agreement accrues from day to day and is calculated on the basis of the actual number of days elapsed and a year of 360 days (where interest is calculated on a Floating Rate Basis) or on a 30/360 or act/360 basis (where interest is calculated on a Fixed Rate Basis).

  • As compensation for administrative, supervision, office services, and warehousing costs, Operator shall charge drilling and producing operations on either: x Fixed Rate Basis, Paragraph 1.A.; or, ¨ Percentage Basis, Paragraph 1.B. Unless otherwise agreed to by the Parties, this charge shall be in lieu of costs and expenses of all offices and salaries, or wages plus applicable burdens and expenses of all personnel, except those directly chargeable under Paragraph 3.A., Section II.

  • As compensation for administrative, supervision, office services, and warehousing costs, Operator shall charge drilling and producing operations on either: x Fixed Rate Basis, Paragraph 1.A.; or, o Percentage Basis, Paragraph 1.B. Unless otherwise agreed to by the Parties, this charge shall be in lieu of costs and expenses of all offices and salaries, or wages plus applicable burdens and expenses of all personnel, except those directly chargeable under Paragraph 3.A., Section II.

  • Section 2(c)(ii) of this Agreement will apply to all Transactions but, for the avoidance of doubt, Section 2(c)(ii) does not permit netting between a Transaction described in its Confirmation as a "Fixed Rate Basis Swap" and a Transaction described in its Confirmation as a "Variable Rate Basis Swap".

  • If the period from the date the request for a change becomes effective to the final repayment date is less than one year, the Borrower will not have the option of selecting a Fixed Rate Basis.

  • If and for so long as a Fixed Rate Basis applies, interest shall accrue at the fixed rate of interest per annum established in accordance with the provisions overleaf under the heading “Interest” or (as the case may be) agreed pursuant to Condition 5.3 or 5.4.

  • This letter is a confirmation evidencing a complete and binding agreement between Westpac Banking Corporation ("Party A") and Westpac Securities Administration Limited ("Party B") as trustee of the Series ▇▇▇▇-▇▇ ▇▇▇ ▇▇▇▇▇ to the terms of the Existing Business Fixed Rate Basis Swap below until the Termination Date.

  • Except as provided in Section 2.3(d), interest on each Term Loan B Advance shall be computed on the basis of a year of 365/366 days for the actual number of days elapsed (which shall include the first day of such Interest Period but exclude the last day) and shall be payable at the Fixed Rate Basis, in arrears on the applicable Payment Date.


More Definitions of Fixed Rate Basis

Fixed Rate Basis means the interest rate basis under which the rate of interest accruing on each outstanding Loan shall be the Fixed Rate in accordance with paragraph 9.2 (The Fixed Rate Basis), which interest rate basis shall apply to the Facility if so set out in the Facility Letter.
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Related to Fixed Rate Basis

  • Interest Rate Basis means the Base Rate Basis or the LIBOR Basis, as appropriate.

  • Base Rate Basis means a simple interest rate equal to the sum of (i) the Base Rate and (ii) the Applicable Margin applicable to Base Rate Advances for the applicable Loans. The Base Rate Basis shall be adjusted automatically as of the opening of business on the effective date of each change in the Base Rate to account for such change, and shall also be adjusted to reflect changes of the Applicable Margin applicable to Base Rate Advances.

  • Alternate Base Rate means, for any day, a rate per annum equal to the greatest of (a) the Prime Rate in effect on such day, (b) the Base CD Rate in effect on such day plus 1% and (c) the Federal Funds Effective Rate in effect on such day plus 1/2 of 1%. Any change in the Alternate Base Rate due to a change in the Prime Rate, the Base CD Rate or the Federal Funds Effective Rate shall be effective from and including the effective date of such change in the Prime Rate, the Base CD Rate or the Federal Funds Effective Rate, respectively.

  • Corporate Base Rate means a rate per annum equal to the corporate base rate of interest announced by First Chicago from time to time, changing when and as said corporate base rate changes.

  • CMT Rate means, in relation to a Reset Period and the Reset Determination Date in relation to such Reset Period, the rate determined by the Calculation Agent, and expressed as a percentage, equal to: