Base Rate Advance definition

Base Rate Advance means an Advance that bears interest at a rate based upon the Base Rate.
Base Rate Advance means an Advance that bears interest as provided in Section 2.06(a)(i).
Base Rate Advance means an Advance that bears interest as provided in Section 2.07(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 in effect from time to time, payable in arrears quarterly on the last day of each March, June, September and December during such periods and on the date such Base Rate Advance shall be Converted or paid in full.

  • Each such Advance will be a Base Rate Advance for the period from the date of its borrowing to (but excluding) the third Business Day following the Liquidity Provider's receipt of the Notice of Borrowing for such Advance.

  • Each Japan Local Currency Advance that is a Japan Base Rate Advance shall bear interest during any Interest Period at a per annum rate equal to the sum of (i) the Japan Base Rate plus (ii) the Applicable Margin in effect from time to time during such Interest Period.

  • During such periods as such Revolving Credit 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 in effect from time to time, payable in arrears quarterly on the last day of each March, June, September and December during such periods and on the date such Base Rate Advance shall be Converted or paid in full.

  • The payment by any Issuing Bank of a draft drawn under any Letter of Credit shall constitute for all purposes of this Agreement the making by such Issuing Bank of a Letter of Credit Advance, which shall be a Base Rate Advance, in the amount of such draft.


More Definitions of Base Rate Advance

Base Rate Advance means an Advance denominated in Dollars that bears interest as provided in Section 2.07(a)(i).
Base Rate Advance means a Revolving Credit Advance that bears interest as provided in Section 2.07(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 an Advance made hereunder and specified to be a Base Rate Advance in accordance with Article 2.
Base Rate Advance means a Pro Rata Advance that bears interest as provided in Section 2.04(a)(i).
Base Rate Advance means an Advance that bears interest as provided in Section 4.1(a).
Base Rate Advance means a Contract Advance in respect of which the Borrower has selected in accordance with Article III hereof, or this Agreement provides for, interest to be computed on the basis of the Base Rate.