Alternate Base Rate Loan definition

Alternate Base Rate Loan means a Loan that bears interest based on the Alternate Base Rate.

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Alternate Base Rate Loan means a Loan which bears interest at the Alternate Base Rate or the Default Rate.

Alternate Base Rate Loan means a Loan made hereunder, under a New Term Facility Supplement or an Extended Facility Agreement and specified to be an Alternate Base Rate Loan, or a Swing Line Advance; in each case, in accordance with Article 2 or pursuant to the terms of such New Term Facility Supplement or an Extended Facility Agreement, as applicable.

Examples of Alternate Base Rate Loan in a sentence

The Borrower may elect from time to time to convert all or any part of an Alternate Base Rate Loan into a SOFR Loan.
Interest accrued on each Alternate Base Rate Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Closing Date, and on any date on which the Alternate Base Rate Loan is prepaid, whether due to acceleration or otherwise, and on the Maturity Date.
Interest accrued on that portion of the outstanding principal amount of any Alternate Base Rate Loan converted into a SOFR Loan on a day other than a Payment Date shall be payable on the date of conversion.
Each Alternate Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Loan is made or is converted from a SOFR Loan into an Alternate Base Rate Loan, to but excluding the date it is paid or is converted into a SOFR Loan pursuant to Section 2.08 hereof, at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin for such day.
Changes in the rate of interest on that portion of any Loan maintained as an Alternate Base Rate Loan will take effect simultaneously with each change in the Alternate Base Rate.

More Definitions of Alternate Base Rate Loan

Alternate Base Rate Loan means a Loan based on the Alternate Base Rate in accordance with the provisions of Article 2 hereof.

Alternate Base Rate Loan means a Loan, or portion thereof, which, except as otherwise provided in Section 2.11, bears interest at the Alternate Base Rate.

Alternate Base Rate Loan means any Loan which bears interest as described in Section 2.6(a)(i) (Interest).

Alternate Base Rate Loan means a Loan bearing interest at the Alternate Base Rate in accordance with the provisions of Article II hereof.

Alternate Base Rate Loan means any loan bearing interest under the Alternate Base Rate Option.

Alternate Base Rate Loan means a Revolving Loan made hereunder and specified to be an Alternate Base Rate Loan, or a Swing Line Advance; in each case, in accordance with Article 2.

Alternate Base Rate Loan means a Loan that bears interest at an interest rate based on the Alternate Base Rate.