Base Rate Loans definition

Base Rate Loans. Loans the rate of interest applicable to which is based upon the Base Rate.
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Base Rate Loans means Loans bearing interest at rates determined by reference to the Base Rate as provided in subsection 2.2A.
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Base Rate Loans means Committed Loans which bear interest at a rate based upon the Base Rate.
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Examples of Base Rate Loans in a sentence

  • Swingline Loans shall be Base Rate Loans only and shall be made only in Dollars.

  • If any such notice is given and not revoked, the amount specified in such notice shall be due and payable on the date specified therein, together with (except in the case of Revolving Loans that are Base Rate Loans and Swingline Loans) accrued interest to such date on the amount prepaid.

  • All computations of interest for Base Rate Loans when the Base Rate is determined by the “prime rate” shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed.

  • Upon the Borrower Representative’s receipt of notice of the commencement of a Benchmark Unavailability Period, the Borrowers will be deemed to have immediately converted all Loans to Base Rate Loans.

  • Each change in the Base Rate (or any component thereof) shall be reflected in the interest rate applicable to Base Rate Loans as of the effective date of such change.


More Definitions of Base Rate Loans

Base Rate Loans means any Loans or portion thereof on which interest is payable based on the Base Rate in accordance with the terms thereof.
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Base Rate Loans means, when used in reference to any Loan or Borrowing, a Loan, or the Loans comprising such Borrowing, bearing interest at a rate determined by reference to the Base Rate.
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Base Rate Loans means the Base Rate Revolving Loans.
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Base Rate Loans means all Loans which bear interest at a rate determined by reference to the Base Rate as provided in Section 4.01(a).
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Base Rate Loans. Revolving Loans the rate of interest applicable to which is based upon the Base Rate.
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Base Rate Loans means those Loans bearing interest at the Base Rate.
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Base Rate Loans means all Loans accruing interest based on the Alternate Base Rate.
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