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

  • Any Interest Period for a Base Margin Loan which would otherwise end on a day which is not a Business Day shall be extended to the next succeeding Business Day.

  • The Administrative Agent may suspend the right of the Borrowers’ Representative to request any Libor Loan or to convert any Base Margin Loan to a Libor Loan.

  • The making of any payment on a Libor Loan or the making of any conversion of any such Libor Loan to a Base Margin Loan on a day that is not the last day of the applicable Interest Period with respect thereto.

  • If such Revolving Credit Loan is to be or is to be converted to a Base Margin Loan: By 1:00 PM on the Business Day prior to the Business Day on which the subject Revolving Credit Loan is to be made or is to be so converted.

  • Any Libor Loan which matures while a Default has occurred and is continuing shall be converted, at the option of the Administrative Agent, to a Base Margin Loan notwithstanding any notice from the Borrowers’ Representative that such Revolving Credit Loan is to be continued as a Libor Loan.


More Definitions of Base Margin Loan

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. Any Revolving Credit Loan or any portion of the Term Loan bearing interest at the Base Rate."
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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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Base Margin Loan the first Business day of each month, the Termination Date, and the End Date. (b) Each Eurodollar Loan: (i) having an Interest Period of one, two or three months, the last day of the Interest Period relating thereto, the Termination Date and the End Date; (ii) having an Interest Period of six months, the last day of the third month of such Interest Period, the last day of such Interest Period, the Termination Date and the End Date.
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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 set forth in Article 1 of the Loan Agreement is hereby deleted in its entirety and replaced with the following:
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