Base Rate Committed Borrowing definition
Base Rate Committed Borrowing means a Committed Borrowing that bears interest based on the Base Rate. All Base Rate Committed Borrowings shall be denominated in Dollars.
Base Rate Committed Borrowing means a Committed Borrowing comprised of Base Rate Committed Loans.
Examples of Base Rate Committed Borrowing in a sentence
If no election as to the Type of Committed Borrowing is specified, then the requested Committed Borrowing shall be a Base Rate Committed Borrowing.
Each Committed Borrowing shall be in an aggregate principal amount of $1,000,000 or any larger integral multiple of $100,000 (except that any Base Rate Committed Borrowing may be in an amount equal to the Availability).
Base Rate Committed Borrowing a Committed Borrowing that bears interest based on the Base Rate.