Rate Option definition
Rate Option means the Eurodollar Rate or the Floating Rate.
Rate Option means the Eurocurrency Rate or the Floating Rate, as applicable.
Rate Option means the Libor Rate or the Base Rate.
Examples of Rate Option in a sentence
Balances bearing interest at the Quoted Fixed Rate Option may be prepaid upon payment of a premium equal to the present value of CoBank's "Funding Losses" (to be defined) plus a yield of .50% on a per annum basis.
Balances bearing interest at the Weekly Quoted Variable Rate Option may be prepaid without premium.
More Definitions of Rate Option
Rate Option. A fluctuating rate per annum (computed on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed) equal to the Base Rate plus the Applicable Margin, such interest rate to change automatically from time to time effective as of the effective date of each change in the Base Rate; or
Rate Option or “Rate Options” - The choice of applicable interest rates and Interest Periods offered to the Borrowers pursuant to this Agreement to establish the interest to be charged on certain portions of the unpaid principal borrowed hereunder from time to time.
Rate Option has the meaning given to it in the ISDA Definitions;
Rate Option means the Adjusted Prime Rate, the Adjusted LIBOR Rate or the Absolute Rate (only as applicable to Competitive Bid Loans). The Rate Option in effect on any date shall always be the Adjusted Prime Rate unless the Borrower has properly selected the Adjusted LIBOR Rate pursuant to Section 2.10 hereof or a Competitive Bid Loan pursuant to Section 2.16 hereof.
Rate Option has the meaning given to it in the applicable Final Terms or if not specified in the Final Terms, the ISDA Definitions;
Rate Option means the Adjusted Alternate Base Rate or the Adjusted LIBOR Rate. The Rate Option in effect on any date shall always be the Adjusted Alternate Base Rate unless the Borrower has properly selected the Adjusted LIBOR Rate pursuant to Section 2.11 hereof.