Base Rate Loan definition

Base Rate Loan means a Loan that bears interest based on the Base Rate.
Base Rate Loan means a Loan bearing interest at a rate determined by reference to the Base Rate.
Base Rate Loan means a Loan that bears interest based on the Base Rate. All Base Rate Loans shall be denominated in Dollars.

Examples of Base Rate Loan in a sentence

  • Type means, with respect to a Loan, its character as a Base Rate Loan or a Eurodollar Rate Loan.

  • Base Rate Loan means a Loan that bears interest at the Base Rate.

  • Such interest shall be payable in arrears on each Interest Payment Date for such Loan for the period from and including the Drawdown Date or the preceding Conversion Date or Interest Payment Date, as the case may be, for such Loan to and including the day preceding such Interest Payment Date and shall be calculated on the principal amount of the U.S. Base Rate Loan outstanding during such period and on the basis of the actual number of days elapsed in a year of 365 days.

  • Upon the occurrence of an Event of Default, the Agent on behalf of the Lenders may convert a SOFR Loan owing by the Borrower to a U.S. Base Rate Loan or a CDOR Rate Loan owing by the Borrower to a Canadian Prime Rate Loan.

  • Subject to the provisions of Section 2.07(b), (i) each Eurodollar Rate Loan shall bear interest on the outstanding principal amount thereof for each Interest Period at a rate per annum equal to the Eurodollar Rate for such Interest Period plus the Applicable Rate and (ii) each Base Rate Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the Base Rate.


More Definitions of Base Rate Loan

Base Rate Loan means any Loan bearing interest at a rate based upon the Base Rate as provided in Section 5.1(a).
Base Rate Loan means each portion of the Revolving Loans that bears interest at a rate determined by reference to 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 that bears interest at a rate based on the Base Rate.
Base Rate Loan means a Loan bearing interest at a rate based on the Base Rate.
Base Rate Loan any Loan that bears interest based on 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.