Base Rate Advances means Advances that bear interest at rates based upon the Base Rate.
Base Rate Advances means advances bearing interest at the Base Rate plus the Applicable Base Rate Margin.
Base Rate Advances. Advances bearing interest calculated by reference to the Base Rate.
Examples of Base Rate Advances in a sentence
Upon the occurrence and during the continuance of any Event of Default under Section 6.01(a), the Administrative Agent or the Required Lenders may elect that (i) each LIBO Rate Advance be, on the last day of the then existing Interest Period therefor, Converted into Base Rate Advances and (ii) the obligation of the Lenders to make, or to Convert Advances into LIBO Rate Advances be suspended.
Borrowings in USD may take the form of Base Rate Advances, London Interbank Offer Rate (LIBOR) Advances and letters of credit.
On the date on which the aggregate unpaid principal amount of Eurodollar Rate Advances comprising any Borrowing shall be reduced, by payment or prepayment or otherwise, to less than $5,000,000, such Advances shall automatically Convert into Base Rate Advances.
Interest on Base Rate Advances then outstanding shall also be due and payable on the Maturity Date.
On the date on which the aggregate unpaid principal amount of Eurodollar Rate Advances comprising any Borrowing shall be reduced, by payment or prepayment or otherwise, to less than $10,000,000, such Advances shall automatically Convert into Base Rate Advances.
More Definitions of Base Rate Advances
Base Rate Advances means Advances that bear interest based upon the Base Rate.
Base Rate Advances means Advances the rate of interest applicable to which is based upon the Base Rate. “Board” means the Board of Governors of the Federal Reserve System of the United States (or any successor). “Borrower” has the meaning set forth in the preamble to this Agreement.
Base Rate Advances means any Credit Extension on which interest is payable based on the Base Rate in accordance with the terms hereof.
Base Rate Advances based upon the ratings established by S&P and Xxxxx’x for the Index Debt as of the most recent determination date: Applicable Margin Pricing Grid S&P/Xxxxx’x Applicable Margin Revolving and Term A Facilities Eurodollar Rate Advances Base Rate Advances Level I: At least BBB and Baa2 1.50% 0.50% Level II: Below I, but at least BBB- and Baa3 1.75% 0.75% Level III: Below II, but at least BB+ and Ba1 2.00% 1.00% Level IV: Below III, but at least BB+ and Ba2 or BB and Ba1 2.25% 1.25% Level V: Below IV, but at least BB and Ba2 2.50% 1.50% Level VI: Below V, but at least BB- and Ba3 2.75% 1.75% Level VII: Below VI, but at least B+ and B1 3.00% 2.00% Level VIII: Below VII, but at least B and B2 3.25% 2.25% Level IX: Below VIII 3.50% 2.50% For purposes of the foregoing (i) if either Xxxxx’x or S&P shall not have in effect a rating for the Index Debt (other than by reason of the circumstances referred to in the last sentence hereof), then such rating agency shall be deemed to have established a rating in Level IX; (ii) except as set forth in the Pricing Grid above, if the ratings established or deemed to have been established by Xxxxx’x or S&P for the Index Debt shall fall within different Levels, the applicable percentage will be based on the lower of the two ratings unless one of the two ratings is two or more Levels lower than the other, in which case the applicable percentage shall be determined by reference to the Level next above that of the lower of the two ratings; and (iii) if the ratings established or deemed to have been established by Xxxxx’x or S&P for the Index Debt shall be changed (other than as a result of a change in the rating system of Xxxxx’x or S&P), such change shall be effective as of the date on which it is first announced by the applicable rating agency. Each change in the applicable percentage shall apply during the period commencing on the effective date of such change and ending on the date immediately preceding the effective date of the next such change. If the rating system of Xxxxx’x or S&P shall change, or if either such rating agency shall cease to be in the business of rating corporate debt obligations, or if either such rating agency shall cease rating the Index Debt (other than by reason of any action or nonaction by any Borrowers following or in anticipation of a ratings downgrade), the Borrowers and the Lender Parties shall negotiate in good faith to amend this provision to reflect such changed rating system or the unavailabilit...
Base Rate Advances means, collectively, any of Base Rate (UK) Advances and Base Rate (US) Advances.
Base Rate Advances. [Address] Address for notices [Address] APPROVED THIS DAY OF ___________, ____ CHARTER MAC FLOATER CERTIFICATE TRUST I By: FIRST TENNESSEE BANK NATIONAL ASSOCIATION, as Certificate Trust Agent, pursuant to the Certificate Issuer Trust Agreement, of the CHARTER MAC FLOATER CERTIFICATE TRUST I By:________________________________ Name: Title: By:________________________________ Name: Title: APPROVED THIS DAY OF __________, ____ MBIA INSURANCE CORPORATION By:________________________________ Name: Title: EXHIBIT C FORM OF NOTICE OF LIQUIDITY BORROWING [Date] To: BAYERISCHE LANDESBANK GIROZENTRALE, NEW YORK BRANCH as the Liquidity Agent for the Liquidity Banks party to the Agreement referred to below Attention: --------- Ladies and Gentlemen: The undersigned, [Tender Agent], as Tender Agent for the CHARTER MAC FLOATER CERTIFICATE TRUST I (the "Liquidity Borrower"), refers to the Agreement, dated as of May 21, 1998 (the "Agreement," the terms defined therein being used herein as therein defined), among CHARTER MAC OWNER TRUST I (the "Owner Trust"), the Liquidity Borrower, the Tender Agent, certain Liquidity Banks party thereto, BAYERISCHE LANDESBANK GIROZENTRALE, NEW YORK BRANCH, as the Liquidity Agent for said Liquidity Banks and MBIA INSURANCE CORPORATION (the "Surety Provider"), hereby gives you notice, irrevocably, pursuant to Section 2.03 of the Agreement that the undersigned hereby requests a Liquidity Borrowing in the form of a [Funding Advance] [Downgraded Bank Advance] under the Agreement, and in that connection sets forth below the information relating to such Liquidity Borrowing (the "Proposed Funding Advance") [(the "Proposed Downgraded Bank Advance")] as required by Section 2.03 of the Agreement:
Base Rate Advances means the Loans (or any portions thereof), at such time as they (or such portions) are made and/or being maintained at a rate of interest based upon the Base Rate.