Base Rate Borrowing definition
Base Rate Borrowing means a Borrowing comprised of Base Rate Loans.
Base Rate Borrowing means a Borrowing consisting of Base Rate Loans.
Base Rate Borrowing means a Borrowing that, except as otherwise provided in Section 2.11, bears interest at the Base Rate.
Examples of Base Rate Borrowing in a sentence
Each Base Rate Borrowing shall be in an aggregate amount equal to $1,000,000 or a larger multiple of $100,000; provided that a Base Rate Borrowing may be in an aggregate amount that is equal to the entire unused balance of the Commitments.
Notwithstanding any contrary provision hereof, if an Event of Default has occurred and is continuing and the Administrative Agent, at the request of the Required Lenders, so notifies the Parent Borrower, then, so long as such Event of Default is continuing (i) no outstanding Borrowing may be converted to or continued as a SOFR Borrowing and (ii) unless repaid as provided herein, each SOFR Borrowing shall automatically be converted to a Base Rate Borrowing at the end of the Interest Period therefor.
More Definitions of Base Rate Borrowing
Base Rate Borrowing means that portion of the principal balance of the Loans at any time 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 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 consisting of simultaneous Base Rate Advances.
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.