Examples of Alternative Base Rate Loan in a sentence
If the date upon which an Alternative Base Rate Loan is to be converted to a Eurodollar Loan is not a Business Day in London, then such conversion shall be made on the next succeeding Business Day in London and during the period from such last day of an Interest Period to such succeeding Business Day such Loan shall bear interest as if it were an Alternate Base Rate Loan.
In the next section I examine some of the most representative positions concerning the role of TGNs and the WHO in dealing with biosecurity threats.
Accrued and unpaid interest on outstanding Alternative Base Rate Loans shall be due and payable monthly on the first day of each calendar month while any Alternative Base Rate Loan remains outstanding, the payment in each instance to be the amount of interest which has accrued and remains unpaid with respect to Alternative Base Rate Loans.
The “Type” of a Loan refers to whether such Loan is an Eurodollar Rate Loan or an Alternative Base Rate Loan.
Each Alternative Base Rate Loan requested hereunder shall be in a principal amount no less than $100,000 and in increments of $50,000 in excess thereof, and each Eurodollar Rate Loan requested hereunder shall be in a principal amount no less than $5,000,000 and in increments of $1,000,000 in excess thereof.
All Loans allocated to any such terminated Eurodollar Loan shall be reallocated to an Alternative Base Rate Loan.
In line with the re-evaluation of the inflation basket we expect inflation rates to trend upward, albeit with subdued pressure.
Borrower shall notify Administrative Agent by 10:00 a.m. (Chicago time) at least three (3) Business Days before the date on which Borrower requests that Administrative Agent make an advance of the Loan as a SOFR Loan (or at least one (1) Business Day for any advance that will bear interest at the Alternative Base Rate) or convert the Loan into an Alternative Base Rate Loan or a SOFR Loan.
Except as otherwise provided ------------------------------ in Section 4.10, each Alternative Base Rate Loan shall bear interest at an annual rate equal to the Alternative Base Rate as in effect from time to time while such Alternative Base Rate Loan is outstanding.
All notices concerning the conversion of the Loan into an Alternative Base Rate Loan or SOFR Loan shall specify the date of the requested conversion (which shall be a Business Day).