Alternate Base Rate Borrowing definition

Alternate Base Rate Borrowing means that portion of the principal balance of the Loans at any time bearing interest at the Alternate Base Rate.

Alternate Base Rate Borrowing means any Borrowing of ABR Rate Loans.

Alternate Base Rate Borrowing means a Borrowing consisting of Alternate Base Rate Loans.

Examples of Alternate Base Rate Borrowing in a sentence

• Each Swingline Loan shall be an Alternate Base Rate Borrowing and shall in any event mature no later than the Revolving Credit Termination Date.

• The Loans comprising each Canadian Alternate Base Rate Borrowing shall bear interest at the Canadian Alternate Base Rate.

• Alternate Base Rate Borrowing 2:00 p.m. New York City time on the Business Day of the proposed Borrowing.

• Each such notice must be received by the Agent not later than 12:00 p.m. three (3) Business Days prior to the requested date of any conversion to or continuation of a LIBOR Borrowing or of any conversion of a LIBOR Borrowing to an Alternate Base Rate Borrowing.

• Borrower shall notify the Administrative Agent by telephone (confirmed by telecopy) of any prepayment hereunder (i) in the case of prepayment of a Eurodollar Borrowing, not later than 12:00 noon, New York City time, three (3) Business Days before the date of prepayment, or (ii) in the case of prepayment of an Alternate Base Rate Borrowing, not later than 12:00 noon, New York City time, one (1) Business Day before the date of prepayment.

More Definitions of Alternate Base Rate Borrowing

Alternate Base Rate Borrowing means a Borrowing consisting of Alternate Base Rate Advances.

Alternate Base Rate Borrowing means a Borrowing comprised of Alternate Base Rate Loans. “Alternate Base Rate Loan” shall mean any Loan bearing interest at a rate determined by reference to theAlternate Base Rate in accordance with the provisions of Article II.

Alternate Base Rate Borrowing means a Revolving Credit Borrowing consisting of Alternate Base Rate Loans.

Alternate Base Rate Borrowing means as of any date, that portion of the principal balance of the Loans bearing interest at the Alternate Base Rate as of such date.

Alternate Base Rate Borrowing the portion of the outstanding principal balance of a Servicing Note, Warehousing Note, Working Capital Note or Discretionary Note that bears interest as provided in Section 2.05(a)(ii).

Alternate Base Rate Borrowing means a Borrowing comprised of Alternate Base Rate Loans. “Alternate Base Rate Loan” shall mean any Loan bearing interest at a rate determined by reference to the Alternate Base Rate in accordance with the provisions of Article II. “Applicable Percentage” shall mean, for any day, the rate per annum set forth below opposite the applicable level then in effect, it being understood that the Applicable Percentage for (i) Loans that are LIBOR Rate Loans shall be the percentage set forth under the column “LIBOR Rate Margin for Loans and Letter of Credit Fee,” (ii) Loans that are Alternate Base Rate Loans shall be the percentage set forth under the column “Alternate Base Rate Margin for Loans,” (iii) the Letter of Credit Fee shall be the percentage set forth under the column “LIBOR Rate Margin for Loans and Letter of Credit Fee,” and (iv) the Commitment Fee shall be the percentage set forth under the column “Commitment Fee”: 2 Level Leverage Ratio LIBOR Rate Margin for Loans and Letter of Credit Fee Alternate Base Rate Margin for Loans Commitment Fee I > 2.00 to 1.00 but 1.50% 0.50% 0.30% < 3.00 to 1.00 II > 1.00 to 1.00 but 1.25% 0.25% 0.25% < 2.00 to 1.00 III < 1.00 to 1.00 1.00% 0.00% 0.20%

Alternate Base Rate Borrowing means, as of any date, that portion of ----------------------------- the principal balance of the Advances bearing interest at the Alternate Base Rate as of such date. Amendment Fee, with respect to any Bank, shall have the meaning specified ------------- in Section 2.3(b). -------------- Amendment, Ratification and Confirmation shall mean that certain Amendment, ---------------------------------------- Ratification and Confirmation of even date herewith, in form and substance satisfactory to the Agent, executed by the parties thereto, pursuant to which, among other things, the Borrower and Current Guarantors ratify and confirm the existing Security Agreements, each Guarantor consents to this Agreement and ratifies and confirms its existing Guaranty, and the Security Agreements are amended as provided therein.