Base Rate Borrowing definition

Base Rate Borrowing means a Borrowing consisting of Base Rate Loans.

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

Unless the Administrative Agent determines that any applicable condition specified in Article IV has not been satisfied, the Administrative Agent shall apply any funds so received in respect of a Borrowing available to the Borrower at the Administrative Agent’s address not later than (a) 3:00 P.M. (Charlotte, North Carolina time) on the date of each Base Rate Borrowing and (b) 2:00 P.M. (Charlotte, North Carolina time) on the date of each Term SOFR Borrowing.
Not later than (a) 1:00 P.M. (Charlotte, North Carolina time) on the date of each Base Rate Borrowing and (b) 12:00 Noon (Charlotte, North Carolina time) on the date of each Term SOFR Borrowing, each Lender shall make available its ratable share of such Borrowing, in Federal or other funds immediately available in Charlotte, North Carolina, to the Administrative Agent at its address referred to in Section 9.01.

Base Rate Borrowing means a Borrowing bearing interest at the Base Rate.

Base Rate Borrowing and “Base Rate Loan” when used in reference to any Borrowing refers to whether such Loans or the loan comprising such Borrowing bears interest at a rate determined by reference to the Base Rate.

Base Rate Borrowing means a Borrowing bearing interest at the sum of the Base Rate plus the Applicable Margin for Base Rate Borrowings.

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 consisting of simultaneous Base Rate Advances.

Base Rate Borrowing has the meaning set forth in Section 1.3.