Rate Options definition

Rate Options. The choice of applicable interest rates and Interest Periods offered to the Borrower pursuant to this Agreement to establish the interest to be charged on certain portions of the unpaid principal borrowed hereunder from time to time.

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Rate Options. The choice of applicable interest rates and LIBOR Interest Periods offered to the Company pursuant to Section 2.3 hereof to establish the interest to be charged on the Credit from time to time.

Rate Options means individually, and collectively, the choice of applicable interest rates and LIBOR Periods offered pursuant to this Agreement to establish the interest to be charged on certain portions of the unpaid principal borrowed hereunder from time to time.

Examples of Rate Options in a sentence

All prepayments required pursuant to this Section 5.7 shall first be applied among the Interest Rate Options to the principal amount of the Loans subject to the Base Rate Option, then to Loans subject to a LIBOR Rate Option.
All prepayments required pursuant to this Section 5.5 shall first be applied among the Interest Rate Options to the principal amount of the Loans subject to the Base Rate Option, then to Loans subject to a Euro-Rate Option.
Each Global Borrower may select, in accordance with Sections 2.6 and 2.8 and subject to the other conditions and limitations therein set forth and set forth in this Article II, Global Rate Options and Interest Periods applicable to portions of the Syndicated Global Advances.
The Lender and each holder of this Note are authorized to inscribe on the Schedule, the date of the making of each Revolving Loan, the amount of each Revolving Loan, the applicable Rate Options and Interest Periods, all payments on account of principal and the aggregate outstanding principal balance of this Note from time to time unpaid.
Specific reference is made to the Interest Rate Options section of the Agreement for terms governing the designation of interest periods and rate portions.
Each Revolving Note may be inscribed by the holder thereof on the schedule attached thereto, and any continuation thereof, with the date of the making of each Revolving Loan, the amount of each Revolving Loan, the applicable Rate Options and Interest Periods, all payments of principal, and the aggregate outstanding principal balance thereof.
To change Credit Rate Options or percentage allocations, file a new Designation of Credit Rate Options Form (percentages must total 100%).
All prepayments required pursuant to this Section 5.6.1 [Currency Fluctuations; Application Among Interest Rate Options] shall first be applied among the Interest Rate Options to the principal amount of the Revolving Credit Loans subject to the Base Rate Option, then to Revolving Credit Loans subject to a Euro-Rate Option and then to Optional Currency Swing Loans subject to the Euro-Rate Option.
Instructions: Please select the Credit Rate Option(s) and the percentage of the amount of deferred Variable Compensation (which will include your existing Account balance attributable to Variable Compensation) you wish to allocate to each Credit Rate Option (percentages must total 100%).
The rate of interest for each Loan otherwise applicable pursuant to Section 4.1 [Interest Rate Options] shall be increased by 2.0% per annum.

More Definitions of Rate Options

Rate Options. The Contract Rate for each Advance (other than Foreign Currency Advances) shall be determined in accordance with the provisions of this Section 3.A., subject to the other terms and conditions of this Agreement and the Notes. The "Contract Rate" shall mean the interest rate per annum applicable to an Advance as determined by the provisions of this Agreement. On any day that is within the LIBOR Interest Period for a LIBOR Advance, the Contract Rate for that LIBOR Advance shall equal the lesser of (i) the Alternate Rate for that LIBOR Interest Period, or (ii) the Maximum Lawful Rate; and, at all times, the Contract Rate for all unpaid principal indebtedness that is not part of a LIBOR Advance shall equal the lesser of (i) the Prime Rate, or (ii) the Maximum Lawful Rate. On any Business Day that is at least two (2) Business Days before the beginning of a LIBOR Interest Period, Borrower may exercise an option (the "Rate Option") to designate either (i) the outstanding principal indebtedness or Advance which is to bear interest at the Prime Rate, or (ii) the LIBOR Advance to which a LIBOR Interest Period and an Alternate Rate shall apply. Subject to the provisions of Sections 3.B. and 3.D. below, Borrower may exercise the Rate Option by either (i) giving written notice of such exercise to Bank, which notice shall identify the principal indebtedness, or Advance, affected by the Rate Option, the amount of such Advance, and, in the case of any LIBOR Advance, the first day of such LIBOR Interest Period and the length of such LIBOR Interest Period (one month, two months, three months, six months, or one year), or (ii) giving notice to Bank in any other manner that is acceptable to Bank. If the Rate Option is so exercised and Borrower elects an Alternate Rate, then for the LIBOR Advance identified in such notice, a LIBOR Interest Period of the length specified in that notice shall begin on the date specified in that notice, subject to the terms and conditions of the Note.

Rate Options. At the Borrower’s option: • ABR plus the Applicable ABR Margin • Eurocurrency Rate plus the Applicable Eurocurrency Margin • Competitive Bid Rate

Rate Options. At the Borrower’s option: - ABR plus the Applicable ABR Margin - Eurocurrency Rate plus the Applicable Eurocurrency Margin - Competitive Bid Rate Provisions Relating to Interest Rates: Eurocurrency Rate interest periods shall be seven days and one, two, three or six months, and with the consent of the Lenders, twelve months. Interest on ABR loans shall be payable on the last business day of each quarter and at final maturity. Interest on Eurocurrency Rate loans shall be payable in arrears on the last day of each interest period and, in the case of an interest period longer than three months, quarterly, upon any prepayment (whether due to acceleration or otherwise) and at final maturity. Interest on all Eurocurrency Rate loans, Competitive Bid Rate loans and fees shall be calculated for actual days elapsed on the basis of a 360-day year. Interest on all ABR loans shall be calculated for actual days elapsed on the basis of a 365 or 366-day year, as applicable. ABR loans shall be available on a same-day basis as long as the requisite notice has been provided by the Borrower by no later than 2:00 p.m., New York City time. The Credit Agreement will include customary provisions (a) protecting the Lenders against increased costs or loss of yield resulting from changes in reserve, tax, capital adequacy, liquidity and other requirements of law and (b) indemnifying the Lenders for breakage costs incurred in connection with among other things, any prepayment of a Eurocurrency Rate loan on a day other than the last day of an interest period with respect thereto. After default, at the option of the Required Lenders, the interest rate will be equal to the interest rate otherwise applicable plus 2% per annum.

Rate Options the Balance Supported Rate, Eurodollar Rate and Reference Rate plus any applicable interest rate margin in the instance of the Eurodollar Rate and Reference Rate.

Rate Options. Borrower shall pay Bank interest on tile unpaid balance of tile Revolving Loan on the earlier of a monthly basis or, if applicable, the maturity date of a contract for a LIBOR Rate Advance (as hereafter defined). Interest on the Revolving Loan shall be payable pursuant to Borrower's option as set forth below:

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