Base Rate Loan means a Loan that bears interest based on the Base Rate. All Base Rate Loans shall be denominated in Dollars.
Examples of Base Rate Loan in a sentence
In lieu of having interest charged at the rate based upon the Base Rate, Borrowers shall have the option, subject to Section 2.12(b) below (the “SOFR Option”) to have interest on all or a portion of the Revolving Loans or the FILO Term Loan be charged (whether at the time when made (unless otherwise provided herein), upon conversion from a Base Rate Loan to a SOFR Loan, or upon continuation of a SOFR Loan as a SOFR Loan) at a rate of interest based upon Term SOFR.
More Definitions of Base Rate Loan
Base Rate Loan means a Revolving Credit Loan or a Term Loan that bears interest based on the Base Rate.
Base Rate Loan means (i) a Committed Loan which bears interest at the Base Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election or the provisions of Article VIII or (ii) an overdue amount which was a Base Rate Loan immediately before it became overdue.
Base Rate Loan means any Loan bearing interest at a rate based upon the Base Rate as provided in Section 4.1(a).
Base Rate Loan means a Loan bearing interest at a rate specified in Section 1.4(a) hereof.
Base Rate Loan means a Revolving Credit Loan or a Term Loan that bears interest based on the Base Rate. Base Rate Loans are available only to the Company and to Designated Borrowers that are Domestic Loan Parties, and only for Loans denominated in Dollars.