Base Rate Loan definition

Base Rate Loan means a Loan that bears interest based on the Base Rate.

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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

• The Interest Period of any Base Rate Loan converted to a Term SOFR Loan pursuant to clause (A) above shall commence on the date of such conversion.

• Any overdue principal of or interest on any Base Rate Loan or Swingline Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans or Swingline Loans for such day.

• Each Loan which is made as, or converted into, a Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made as, or converted into, a Base Rate Loan until it becomes due or is converted into a Loan of any other Type, at a rate per annum equal to the sum of the Base Rate for such day plus the Applicable Percentage for Base Rate Loans for such day.

• If no timely Notice of Conversion/Continuation is delivered by the Borrower as to any Term SOFR Loan, and such Loan is not repaid by the Borrower at the end of the applicable Interest Period, such Loan shall be converted automatically to a Base Rate Loan on the last day of the then applicable Interest Period.

• Such interest shall, in each case, be payable quarterly in arrears on each Quarterly Date (or, with respect to Swingline Loans, as the Swingline Lender and the Borrower may otherwise agree in writing) and, with respect to the principal amount of any Base Rate Loan converted to a Term SOFR Loan, on the date such Base Rate Loan is so converted.

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 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 (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 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.