U.S. Base Rate Loan definition

U.S. Base Rate Loan means a Loan denominated in Dollars which bears interest at a rate based upon the U.S. Base Rate.

U.S. Base Rate Loan means a loan denominated in US Dollars and bearing interest at the US Base Rate, plus the Applicable Margin;

U.S. Base Rate Loan means an Advance in, or Conversion into, United States Dollars made by the Lenders to the Borrower with respect to which the Borrower has specified or a provision hereof requires that interest is to be calculated by reference to the U.S. Base Rate.

Examples of U.S. Base Rate Loan in a sentence

• If a Borrower fails to deliver a Rollover Notice to the Agent or the relevant Operating Lender (as applicable) as provided in this Section, such Borrower shall be deemed to have given a Conversion Notice to the Agent or such Operating Lender (as applicable) electing to Convert the entire amount of the maturing SOFR Loan or XXXXX Loan into a U.S. Base Rate Loan (in the case of SOFR Loans) or a Canadian Prime Rate Loan (in the case of XXXXX Loans).

• Each Borrower shall pay interest on each U.S. Base Rate Loan owing by it during each Interest Period applicable thereto in United States Dollars at a rate per annum equal to the U.S. Base Rate in effect from time to time during such Interest Period plus the Applicable Pricing Rate.

• Upon the occurrence of an Event of Default, the Agent on behalf of the relevant Lenders may Convert (a) a SOFR Loan owing by a Borrower to a U.S. Base Rate Loan and/or (b) a XXXXX Loan owing by the Canadian Borrower to a Canadian Prime Rate Loan.

• Such interest shall be payable in arrears on each Interest Payment Date for such Loan for the period from and including the Drawdown Date or the preceding Conversion Date or Interest Payment Date, as the case may be, for such Loan to and including the day preceding such Interest Payment Date and shall be calculated on the principal amount of the U.S. Base Rate Loan outstanding during such period and on the basis of the actual number of days elapsed in a year of 365 days.

• Interest shall accrue on each such U.S. Base Rate Loan or Canadian Prime Rate Loan, as applicable, at the rate specified in Section 5.1 or 5.2, as applicable, with interest on all overdue interest at the same rate, such interest to be calculated daily and payable on demand.

More Definitions of U.S. Base Rate Loan

U.S. Base Rate Loan means each Revolving Loan which is designated or deemed designated as a U.S. Base Rate Loan by the Lead Borrower at the time of the incurrence thereof or conversion thereto.

U.S. Base Rate Loan means an Advance in U.S. Dollars which bears interest at a rate based on the U.S. Base Rate.

U.S. Base Rate Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the U.S. Base Rate in accordance with the provisions of Article II.

U.S. Base Rate Loan means a Loan bearing interest at a rate specified in Section 1.4(a) hereof.

U.S. Base Rate Loan means each Revolving Loan bearing interest at a rate based upon the Base Rate in effect from time to time.

U.S. Base Rate Loan means any Loan in U.S. Dollars with respect to which interest is calculated under this Agreement for the time being on the basis of the U.S. Base Rate.

U.S. Base Rate Loan each Loan that bears interest at a rate determined by reference to the U.S. Base Rate.