Base Rate Note definition
Examples of Base Rate Note in a sentence
Such Foreign Borrower shall have executed and delivered to the Administrative Agent a Revolving Note, a Canadian Base Rate Note or a BA Equivalent Note, as the case may be, for the account of each Lender that has requested a Note.
Under certain circumstances, this Note, to the extent it is a Euro-Dollar Rate Note, will be converted into a Base Rate Note.
In case an Event of Default shall occur and be continuing, the principal of and accrued interest on this Canadian Base Rate Note may be declared to be due and payable in the manner and with the effect provided in the Credit Agreement.
To the extent that this Note is a Euro-Dollar Rate Note, if an Event of Default shall exist upon the expiration of the Interest Period applicable to this Note, this Note automatically shall be converted into a Base Rate Note.
If the affected Eurodollar Note is then outstanding, such Note shall be converted to a Base Rate Note either (i) on the last day of the then current Interest Period applicable to such Eurodollar Note if such Purchaser may lawfully continue to maintain such Note to such date or (ii) immediately if such Purchaser shall determine that it may not lawfully continue to maintain such Eurodollar Note to such date.
For so long as and to the extent that this Note is a Base Rate Note, interest on this Note shall be computed on the basis of a 365/366-day year and the actual number of days elapsed (including the first and excluding the last day of the period).
Each Partner has full right and authority to enter into this Agreement and to transfer all of its Partnership Interest and to consummate or cause to be consummated the transactions contemplated by this Agreement.
This Canadian Base Rate Note shall be construed in accordance with and be governed by the laws of the State of New York without regard to its conflict of laws principles.
This Canadian Base Rate Note shall be construed in accordance with and be governed by the laws of the State of Ohio, without regard to principles of conflict of law.
For the Additional Notes, Company shall deliver to Purchasers a fully executed Funding Notice no later than 10:00 a.m. (New York City time) at least three (3) Business Days prior to the Additional Notes Closing Date (or such later time as may be consented to by Purchasers) in the case of A SOFR Rate Note and at least one Business Day prior to the Additional Notes Closing Date (or such later time as may be consented to by Purchasers) in the case of a Base Rate Note.