Floating Rate Loan means a Loan which bears interest at the Floating Rate.

Floating Rate Loan means a Loan which, except as otherwise provided in Section 2.11, bears interest at the Floating Rate.

Floating Rate Loan means a Loan, or portion thereof, which bears interest at the Floating Rate.

Examples of Floating Rate Loan in a sentence

Changes in the rate of interest on that portion of any Advance maintained as a Floating Rate Loan will take effect simultaneously with each change in the Alternate Base Rate or Alternate Currency Rate, as applicable.
Changes in the rate of interest on that portion of any Advance maintained as a Floating Rate Loan will take effect simultaneously with each change in the Alternate Base Rate.
Accrued interest on each Floating Rate Loan shall be payable in arrears on the last Business Day of each calendar quarter and at maturity.
The applicable interest rate for each Floating Rate Loan shall change simultaneously with each change in the Base Rate.
Each Floating Rate Loan bears interest on its outstanding principal amount from (and including) the Interest Commencement Date and thereafter from (and including) each Interest Payment Date, to (but excluding) the next Interest Payment Date at the rate per annum (expressed as a percentage) equal to the applicable Rate of Interest, such interest being payable in arrear not later than 10.00 a.m. (Relevant Time) one Business Day prior to each Interest Payment Date.

More Definitions of Floating Rate Loan

Floating Rate Loan means a Loan which, except as otherwise provided in Section 2.13, bears interest at the Alternate Base Rate.

Floating Rate Loan means any Loan which bears interest at the Floating Rate.

Floating Rate Loan. A Loan that is an Eligible Loan where the interest rate payable by the Obligor thereof is based on the Company Prime Rate or the Company LIBOR Rate, plus some specified interest percentage in addition thereto, and the Loan provides that such interest rate will reset immediately upon any change in the related Company Prime Rate or Company LIBOR Rate.

Floating Rate Loan means a Loan which bears interest at the Alternate Base Rate.

Floating Rate Loan or “Floating Rate Advance” means a Loan which bears interest at the Floating Rate.

Floating Rate Loan. All or any portion of any Term Loan which bears interest at a rate calculated with reference to the Prime Rate.

Floating Rate Loan means any Loan bearing interest at the Floating Rate.