Term Base Rate Loans Clause Samples
The 'Term Base Rate Loans' clause defines the terms and conditions under which loans bearing interest at a base rate are provided for a specified term. It typically outlines how the base rate is determined, the duration of the loan, and the repayment schedule. For example, it may specify that the interest rate is tied to a benchmark such as the prime rate or LIBOR, and detail how changes in the base rate affect the borrower's payments. This clause ensures both parties understand the financial obligations and interest calculations for these specific loans, thereby reducing uncertainty and potential disputes over payment terms.
Term Base Rate Loans. The Term Loans bearing interest by reference to the Base Rate. Term LIBOR Rate Loans. The Term Loans bearing interest by reference to LIBOR.
Term Base Rate Loans. The Term Loans bearing interest by reference to the Base Rate.
Term Base Rate Loans. Each Term Loan that is a Base Rate Loan made or maintained by a Lender shall bear interest (computed on the basis of a year of 360 days (or, at times when the Base Rate is based on the Prime Rate, 365 or 366 days, as the case may be) and the actual days elapsed) on the unpaid principal amount thereof from the date such Loan is advanced (or converted or continued pursuant to Section 2.1) or created by conversion from a Eurodollar Loan until, but excluding, the date of repayment thereof at a rate per annum equal to the sum of the Applicable Margin plus the Base Rate from time to time in effect, payable in arrears on the last Business Day of each March, June, September and December and at maturity (whether by acceleration or otherwise).
Term Base Rate Loans. Each Term Loan that is a Base Rate Loan made or maintained by a Lender shall bear interest (computed on the basis of a year of 360 days (or, at times when the Base Rate is based on the Prime Rate, 365 or 366 days, as the case may be) and the actual days elapsed) on the unpaid principal amount thereof from the date such Loan is advanced or created by conversion from a Term Benchmark Loan until, but excluding, the date of repayment thereof at a rate per annum equal to the sum of the Applicable Margin plus the Base Rate from time to time in effect, payable in arrears on each Fiscal Quarter End Date and at maturity (whether by acceleration or otherwise).
Term Base Rate Loans. Each Term Loan (other than the Euro Term B Loans) that is a Base Rate Loan made or maintained by a Lender shall bear interest (computed on the basis of a year of 360 days (or, at times when the Base Rate is based on the Prime Rate, 365 or 366 days, as the case may be) and the actual days elapsed) on the unpaid principal amount thereof from the date such Loan is advanced or created by conversion from a Eurodollar Loan until, but excluding, the date of repayment thereof at a rate per annum equal to the sum of the Applicable Margin plus the Base Rate from time to time in effect, payable in arrears on each Fiscal Quarter End Date and at maturity (whether by acceleration or otherwise).
Term Base Rate Loans. Each Term Loan that is a Base Rate Loan made or maintained by a Lender shall bear interest (computed on the basis of a year of 365 or 366 days, as the case may be, and the actual days elapsed) on the unpaid principal amount thereof from the date such Loan is advanced or created by conversion from a Eurodollar Loan until, but excluding, the date of repayment thereof at a rate per annum equal to the sum of the Applicable Margin plus the Base Rate from time to time in effect, payable in arrears on the last Business Day of each March, June, September and December and at maturity (whether by acceleration or otherwise).
Term Base Rate Loans. The Term Loans bearing interest by reference to the Base Rate. Term LIBOR Rate Loans. Collectively, the Term A LIBOR Rate Loans and the Term B LIBOR Rate Loans. Term Loan or Term Loans. Collectively, the Term Loans A and the Term Loans B. Term Loan A or Term Loans A. An individual Term Loan or the aggregate Term Loans, as the case may be, in the maximum principal amount of $250,000,000.00 (subject to increase as provided in §2.11) made by the Term Loan A Lenders hereunder.
Term Base Rate Loans. The Term Loans bearing interest by reference to the Base Rate. Term Benchmark. For any Business Day, an interest rate per annum equal to, for any Term Benchmark Loan denominated in (i) Dollars, Adjusted Term SOFR, (ii) Canadian Dollars, the Adjusted CDOR Rate, and (iii) Euros, the Adjusted EURIBOR Rate.
Term Base Rate Loans. Collectively, the Term A Base Rate Loans, the Term B Base Rate Loans and the Term C Base Rate Loans. Term LIBOR Rate Loans. Collectively, the Term A LIBOR Rate Loans, the Term B LIBOR Rate Loans and the Term C LIBOR Rate Loans. Term Loan or Term Loans. Collectively, the Term Loans A, the Term Loans B and the Term Loans C.