Base Rate Loan definition
Base Rate Loan means a Revolving Credit Loan or a Term Loan that bears interest based on the Base Rate.
Base Rate Loan means a Loan bearing interest at a fluctuating rate determined by reference to the Alternate Base Rate.
Examples of Base Rate Loan in a sentence
Until each Revolving Credit Lender funds its Base Rate Loan or risk participation pursuant to this Section 2.4 to refinance such Revolving Credit Lender’s Applicable Revolving Credit Percentage of any Swing Line Loan, interest in respect of such Applicable Revolving Credit Percentage shall be solely for the account of the Swing Line Lender.
Within the foregoing limits, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.4, prepay under Section 2.5, and reborrow under this Section 2.4. Each Swing Line Loan shall be a Base Rate Loan.
More Definitions of Base Rate Loan
Base Rate Loan means a Loan bearing interest at a rate specified in Section 1.4(a) hereof.
Base Rate Loan means each Loan designated or deemed designated as such by the Borrower at the time of the incurrence thereof or conversion thereto.
Base Rate Loan means (i) a Loan which bears interest at the Base Rate pursuant to the applicable Notice of Borrowing or Notice of Interest Rate Election or the provisions of Article 8 or (ii) an overdue amount which was a Base Rate Loan immediately before it became overdue.
Base Rate Loan means a Loan which bears or is to bear interest at a rate based upon the Base Rate, and is to be made as a Base Rate Loan pursuant to the applicable Notice of Borrowing, Section 2.02(f), or Article VIII, as applicable.
Base Rate Loan means the portion of the Advances that bears interest at a rate determined by reference to the Base Rate.
Base Rate Loan means a Committed Loan to be made by a Bank as a Base Rate Loan in accordance with the applicable Notice of Committed Borrowing or pursuant to Article VIII.
Base Rate Loan means a Loan denominated in US Dollars that bears interest based on the Base Rate. All Base Rate Loans shall be denominated in US Dollars.