Base Rate Borrowing definition

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

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Base Rate Borrowing means a Borrowing in Dollars the interest on which is calculated by reference to the Base Rate in accordance with the provisions of this Agreement.

Base Rate Borrowing means a Borrowing comprised of Base Rate Advances.

Examples of Base Rate Borrowing in a sentence

• The Borrower shall deliver a Notice of Borrowing to the Administrative Agent (or telephonic notice promptly confirmed in writing by a Notice of Borrowing) (x) prior to 11:00 a.m. one (1) Business Day prior to the requested date of each Base Rate Borrowing and (y) prior to 11:00 a.m. three (3) Business Days prior to the requested date of each Term SOFR Borrowing (or, in the case of an Term SOFR Borrowing on the Restatement Date, prior to 4:00 p.m. two (2) Business Days prior to the Restatement Date).

• The aggregate principal amount of each Term SOFR Borrowing shall be not less than $500,000 or a larger multiple of $100,000, and the aggregate principal amount of each Base Rate Borrowing shall not be less than $100,000 or a larger multiple of $100,000; provided, that Base Rate Loans made pursuant to Section 2.4 or Section 2.22(d) may be made in lesser amounts as provided therein.

More Definitions of Base Rate Borrowing

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.

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 that, except as otherwise provided in Section 2.11, bears interest at 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.