How is Indicative Rate defined in a legal contract?
- Indicative Rate means the acceptable threshold of exchange rate. Seen in 3 SEC filings
- Indicative Rate means the estimated borrowing rates based on the current market of bonds issued by similarly rated [entity] for the relevant borrowing term. Seen in 1 SEC filing
- Indicative Rate means the rate, if any, which [party] has provided to the Borrower on the date that the Borrower provides the Agent with a Notice of Borrowing, as being the Base Rate or Adjusted London Interbank Offered Rate, effective on the date of such Notice of Borrowing. The Indicative Rate is not binding on the Agent or any Bank and the interest rate applicable to a Borrowing may be greater than, equal to, or less than the Indicative Rate. Seen in 1 SEC filing
Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
Search EDGAR for 'Definitions of indicative rate' yourself to verify these results. We are always keen to point people to source documents.
Which definition should you use?
🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
- Indicative Rate means the acceptable threshold for exchange rate.
Relevant Contract Types
Relevant Circumstances
- Cross-border deals involving transactions in different currencies
- Financial products or derivatives with underlying foreign currency
Relevant Sectors
Genie Definition 2
- Indicative Rate means the provided rate at the effective date of a notice, not compulsory and can vary.
Relevant Contract Types
Relevant Circumstances
- Loan or credit granted with varying interest rates
- Borrowing situation where interest rate changes over time
Relevant Sectors
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Indicative Rate means the acceptable threshold for exchange rate.
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