Base Rate Advance Sample Clauses
A Base Rate Advance clause defines the terms under which a borrower can obtain a loan or credit advance at an interest rate tied to a specified base rate, such as the prime rate or another benchmark rate. This clause typically outlines how the base rate is determined, how interest accrues on the advance, and any conditions or limitations on the amount or frequency of such advances. By establishing a clear framework for calculating interest and disbursing funds, the clause ensures transparency and predictability for both lender and borrower, helping to manage interest rate risk and facilitate efficient borrowing.
POPULAR SAMPLE Copied 1 times
Base Rate Advance. An Advance which bears interest with reference to the Base Rate plus any additional margin required pursuant to sec. 4.3.
Base Rate Advance. During such periods as such Advance is a Base Rate Advance, a rate per annum at all times equal to the sum of the Base Rate in effect from time to time plus the Applicable Margin, payable in arrears (i) quarterly on the last day of each calendar quarter during such periods, (ii) on the date such Base Rate Advance shall be Converted or paid in full and (iii) on the Termination Date.
Base Rate Advance. Any Advance or portion of an Advance that bears interest based at the Base Rate. BCG. See preamble. BOA. See preamble. Borrower. See preamble.
Base Rate Advance. Each of a Prime Rate Advance, a LIBOR Advance and a Base Rate Advance is a "type" of Advance.
Base Rate Advance. An Advance bearing interest calculated by reference to ----------------- the Base Rate. Base Rate Loans. Loans bearing interest calculated by reference to the --------------- Base Rate.
Base Rate Advance. Each Base Rate Advance shall bear interest on the unpaid principal amount thereof until payment in full at the Effective Base Rate, but in no event to exceed the Highest Lawful Rate. Any change in the interest rate accruing on an Advance resulting from a change in the Base Rate shall become effective as of the opening of business on the day on which such change in the Base Rate shall occur.
Base Rate Advance. An Advance which Borrower requests to be made as a Base Rate Advance or which is reborrowed as a Base Rate Advance, in accordance with the provisions of ss.2.1.5(b) hereof.
Base Rate Advance. Each Base Rate Advance shall bear interest on the outstanding principal amount thereof, at a floating rate per annum equal to the Base Rate; and