Base Margin Loan definition

Base Margin Loan. Each Revolving Credit Loan while bearing interest at the Base Margin Rate.
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Base Margin Loan. The first day of each month; the Termination Date; and the End Date.
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Base Margin Loan. Each Revolving Credit Loan while bearing interest at the Base Rate.
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Examples of Base Margin Loan in a sentence

  • Such advance shall be a Base Margin Loan and shall be made whether or not any Borrower is in Default or such advance would result in an OverLoan.

  • Upon the expiration of the Interest Period for any LIBOR Loan which is outstanding on the date of such notification, the amount of such LIBOR Loan shall thereafter constitute a Base Margin Loan.

  • Following the occurrence and during the continuance of any Event of Default (and whether or not the Agent exercises the Agent’s rights on account thereof), all Revolving Credit Loans shall bear interest, at the option of the Agent, at rate which is the aggregate, in the case of Base Margin Loan, of the then applicable Base Margin Rate plus two percent (2%) per annum, and in the case of LIBOR Loans, the then applicable LIBOR Rate plus two percent (2%) per annum.

  • During the continuance of any Suspension Event, neither the Agent on behalf of the Tranche A Lenders, the Tranche A Lenders, the Swingline Lender nor the Tranche B Lender shall be obligated to make any loans or advances, to provide any financial accommodation hereunder, to issue any L/C, or to accept any request of the Lead Borrower that any Eurodollar Loan be made or any Base Margin Loan be converted to a Eurodollar Loan.

  • Following the occurrence of any Event of Default (and whether or not the Agent exercises the Agent's rights on account thereof), all Revolving Credit Loans shall bear interest, at the option of the Agent, at rate which is the aggregate in the case of Base Margin Loan, of the then applicable Base Margin Rate plus two percent (2%) per annum, and in the case of Index Loans, the then applicable Index Rate plus two percent (2%) per annum.


More Definitions of Base Margin Loan

Base Margin Loan. Any Revolving Credit Loan, Swingline Loan or any portion of the Term Loan bearing interest at the Base Rate.
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Base Margin Loan. Each Revolving Credit Loan or relevant portion of the Term Loan while bearing interest determined by reference to Base.
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Base Margin Loan. Each Tranche A Loan while bearing interest at the Base Margin Rate.
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Base Margin Loan. Each Revolving Credit Loan while bearing interest at the Base Margin Rate. "BASE MARGIN RATE": The aggregate of Base plus the Base Margin per annum. "BLOCKED ACCOUNT": A DDA that conforms with the requirements of Section 7.l(b)(i), and initially as specified in Section 7.3(a) (ii). "BLOCKED ACCOUNT AGREEMENT": A tri-party agreement in a form acceptable to the Agent, among the Lead Borrower, the Agent and a depository institution at which the Lead Borrower maintains one or more DDAs, providing for the Agent's dominion and control over such DDAs upon notice by the Agent to such depository institution of the occurrence of a Cash Management Condition. "BORROWER": Defined in the Preamble. "BORROWER DEFAULT": Any Borrowing Base Default, Tranche B Payment Default or General Default. "BORROWING BASE": Defined in Section 2.1(b)(ii).
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Base Margin Loan. Each Revolving Credit Loan.
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Base Margin Loan set forth in Article 1 of the Loan Agreement is hereby deleted in its entirety and replaced with the following:
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Base Margin Loan any Revolving Credit Loan or any portion of the Term Loan or any portion of the Acquisition Term Loan bearing interest at the Base Rate.
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