Base Rate Loan definition
Base Rate Loan means a Loan that bears interest based on the Base Rate.
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 Administrative Agent shall notify the Lenders of such Borrowing in accordance with Section 2.3, and each Lender shall make the proceeds of its Base Rate Loan included in such Borrowing available to the Administrative Agent for the account of the Issuing Bank in accordance with Section 2.6. The proceeds of such Borrowing shall be applied directly by the Administrative Agent to reimburse the Issuing Bank for such LC Disbursement.
Each Lender will make the proceeds of its Base Rate Loan included in such Borrowing available to the Administrative Agent for the account of the Swingline Lender in accordance with Section 2.6, and such proceeds will be used solely for the repayment of such Swingline 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.