Alternate Base Rate Loan definition

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

Alternate Base Rate Loan means a Loan made hereunder and specified to be an Alternate Base Rate Loan in accordance with Article 2.

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

Examples of Alternate Base Rate Loan in a sentence

• Interest on each Alternate Base Rate Loan bearing interest based on Bank of America’s prime rate and any fees payable under Section 4.3 shall be computed on the basis of a year consisting of 365 or 366 days, as the case may be, and paid for actual days elapsed, calculated as to each applicable period from the first day thereof to the last day thereof.

• The Lead Borrower may elect to convert any outstanding Alternate Base Rate Loan into a Daily Simple SOFR Loan or a Daily Simple SOFR Loan into an Alternate Base Rate Loan, by giving the Administrative Agent a notice in the form required by Section 2.4. Each conversion of Daily Simple SOFR Loans shall be pro-rated among the applicable outstanding Loans of all Lenders.

• Each Loan shall be either an Alternate Base Rate Loan or a Daily Simple SOFR Loan as shall be selected by the Lead Borrower, except as otherwise provided herein.

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 Line of Credit Loan bearing interest at the sum of (a) the Alternate Base Rate plus (b) the Alternate Base Rate Margin.

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. All Alternate Base Rate Loans shall be denominated in Dollars.

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.

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

Alternate Base Rate Loan means any Loan with respect to which the Interest Rate is based on the Alternate Base Rate.

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.