Base Rate Advance definition

Base Rate Advance means an Advance that bears interest as provided in Section 2.07(a)(i).
Base Rate Advance means an Advance that bears interest at a rate based upon the Base Rate.
Base Rate Advance means a Revolving Credit Advance that bears interest as provided in Section 2.07(a)(i).

Examples of Base Rate Advance in a sentence

  • During such periods as such Advance is a Base Rate Advance, a rate per annum equal at all times to the sum of(x) the Base Rate in effect from time to time plus (y) the Applicable Margin applicable to such Lender in effect from time to time, payable in arrears on each Interest Payment Date during such periods and on the date such Base Rate Advance shall be Converted or paid in full.


More Definitions of Base Rate Advance

Base Rate Advance means an Advance denominated in Dollars that bears interest as provided in Section 2.06(a)(i).
Base Rate Advance means an Advance that bears interest as provided in Section 2.06(a)(i).
Base Rate Advance means an Advance which the Borrower requests to be made as a Base Rate Advance or is Converted to a Base Rate Advance, in accordance with the provisions of Section 2.2 hereof, and which shall be in a principal amount of at least $1,000,000.00 and in an integral multiple of $500,000.00.
Base Rate Advance means a Revolving Credit Advance or a Letter of Credit Advance denominated in Dollars that bears interest as provided in Section 2.08(a)(i).
Base Rate Advance means an Advance made hereunder and specified to be a Base Rate Advance in accordance with Article 2.
Base Rate Advance means a Revolving Credit Advance denominated in Dollars that bears interest as provided in Section 2.07(a)(i).
Base Rate Advance means an Advance that bears interest as provided in Section 2.07(a).