Base Rate Borrowing definition

Base Rate Borrowing means a Borrowing comprised of Base Rate Loans.
Base Rate Borrowing means a Borrowing comprised of Base Rate Advances.
Base Rate Borrowing means that portion of the principal balance of the Loans at any time bearing interest at the Base Rate.

Examples of Base Rate Borrowing in a sentence

  • Each Borrowing shall be in an aggregate principal amount of (i) in the case of Base Rate Loans or, if applicable pursuant to this Agreement, Daily Simple SOFR Loans, $1,000,000 or any larger multiple of $500,000, and (ii) in the case of Term SOFR Loans, $5,000,000 or any larger multiple of $500,000, except that any such Borrowing, whether a Base Rate Borrowing, a Daily Simple SOFR Borrowing or a Term SOFR Borrowing, may be in the aggregate amount of the unused Commitments.

  • If no election as to the Type of Borrowing is specified in any such Borrowing Request, then the requested Borrowing shall be a Base Rate Borrowing.

  • Upon the occurrence and during the continuation of an Event of Default, the Administrative Agent at the direction of the Required Facility Lenders under the applicable Facility may require by notice to the Borrower that (x) no Loans under such Facility may be converted to or continued as Term Benchmark Loans and (y) unless repaid, each Term Benchmark Borrowing shall be converted to an Base Rate Borrowing at the end of the Interest Period applicable thereto.

  • During the existence of a Default, (i) no Loans may be requested as, converted to or continued as Term SOFR Borrowings without the consent of the Required Lenders and (ii) unless repaid, each Term SOFR Borrowing shall be converted to a Base Rate Borrowing at the end of the Interest Period applicable thereto.


More Definitions of Base Rate Borrowing

Base Rate Borrowing means a Borrowing comprised of one or more Base Rate Loans.
Base Rate Borrowing means any Borrowing hereunder that bears interest based on the Base Rate.
Base Rate Borrowing means a Borrowing bearing interest at the sum of the Base Rate plus the Applicable Margin.
Base Rate Borrowing has the meaning set forth in the definition of “Borrowing” herein.
Base Rate Borrowing means a Borrowing bearing interest at the SUM of the Base Rate PLUS the Applicable Margin for Base Rate Borrowings. BORROWER is defined in the preamble to this Agreement.
Base Rate Borrowing has the meaning set forth in Section 1.3.
Base Rate Borrowing means a Borrowing that, except as otherwise provided in Section 2.11, bears interest at the Base Rate.