Base Rate Principal definition

Base Rate Principal means, at any time, the Principal Debt minus the portion, if any, of such Principal Debt which is LIBOR Rate Principal.
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Base Rate Principal means, at any time, the Principal Debt minus the portion, if any, of such Principal Debt that is LIBOR Rate Principal.
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Base Rate Principal means LIBOR Daily Rate Principal.
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Examples of Base Rate Principal in a sentence

  • If, for any reason, an effective election is not made in accordance with the terms and conditions of this Note for any principal advance or for any LIBOR Rate Principal for which the corresponding Interest Period is expiring, or to convert Base Rate Principal to LIBOR Rate Principal, then the sums in question will be Base Rate Principal until an effective LIBOR Rate Election is thereafter made for such sums.

  • Each Rate Election Notice shall stipulate: (A) the amount of the advance or of the Principal Debt to be converted or continued; (B) the nature of the proposed advance, conversion or continuation, which shall be either Base Rate Principal, LIBOR Rate Principal or a combination thereof, and in the case of a conversion or continuation, the nature of the Principal Debt to be converted or continued; and (C) in the case of LIBOR Rate Principal, the proposed commencement date and duration of the Interest Period.

  • All computations of interest for Base Rate Principal shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed (including the first day but excluding the last day).

  • Upon receipt of such written notice, Borrowers may revoke any pending LIBOR Rate Election for borrowing of, conversion to or continuation of LIBOR Rate Principal or, failing that, will be deemed to have converted such election into a request for Base Rate Principal in the amount specified therein.

  • In such event, the Borrower shall be deemed to have requested an advance of Base Rate Principal to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount, subject to the amount of the unutilized portion of the combined Commitments and the conditions set forth in Exhibit “F” (other than the delivery of a Draw Request).

  • If Borrower has not reimbursed Issuing Bank for any drafts paid by the date on which reimbursement is required under this Section, then Administrative Agent is irrevocably authorized to, and shall immediately, fund Borrower's reimbursement obligations as Base Rate Principal if and so long as no Default exists.

  • Upon receipt of such notice, Borrower shall, upon demand from such Lender (with a copy to Administrative Agent), immediately prepay or, if applicable, convert all LIBOR Rate Principal to Base Rate Principal.

  • The Principal Debt from day to day outstanding which is not past due shall bear interest at a rate per annum equal to the lesser of (i) the maximum non-usurious rate of interest allowed by applicable law or (ii) the following (computed as provided in SECTION 1.7.3 hereof) as applicable: (a) on Base Rate Principal, on any day, the Base Rate; and (b) on LIBOR Rate Principal, for the applicable Interest Period, the applicable LIBOR Rate.

  • Adv a n ce p a y m e n t s s h a ll eq u a l t h e fu ll level of cl a i m s es t i- m a t ed b y t h e S t a t e a ge n c y t o be s u b- m i tt ed i n a cco r d a n ce wi t h p a r a g r a p h ( c) of t h i s sec t io n , co n s ide r i n g p r io r r e- i m b ur se m e n t cl a i m s a n d o t h e r i nfo r - m a t io n s u c h a s fl u c t u a t io n s i n e nr oll- m e n t .

  • Upon receipt of such written notice, Borrower may revoke any pending LIBOR Rate Election for borrowing of, conversion to or continuation of LIBOR Rate Principal or, failing that, will be deemed to have converted such election into a request for Base Rate Principal in the amount specified therein.


More Definitions of Base Rate Principal

Base Rate Principal has the meaning specified in Sections 2.03(d) and 2.09(d), as applicable.
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Base Rate Principal. Amount $________ (b) [ ] LIBOR Rate Principal: INTEREST PERIOD AMOUNT -------------------------------------------------------- [ ] ONE MONTH $_______________ [ ] TWO MONTHS $_______________ [ ] THREE MONTHS $_______________
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Base Rate Principal means any portion of the outstanding ------------------- principal balance of the Committed Amount bearing interest at the Prime Rate.
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Base Rate Principal means, at any time, the Principal Debt minus the portion, if any, of such Principal Debt which is BSBY Rate Principal.
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Base Rate Principal means, at any time, the Principal Debt minus the portion, if any, of such Principal Debt which is BSBY Rate Principal. “Beneficial Ownership Certification” means a certification regarding beneficial ownership required by the Beneficial Ownership Regulation.
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Related to Base Rate Principal

  • Floating Rate Advance means an Advance which bears interest at the Floating Rate.

  • Base Rate Advance means an Advance that bears interest as provided in Section 2.07(a)(i).

  • Base Rate Revolving Loan means a Revolving Loan that is a Base Rate Loan.

  • CB Floating Rate means the Prime Rate; provided that the CB Floating Rate shall never be less than the Adjusted One Month LIBOR Rate on such day (or if such day is not a Business Day, the immediately preceding Business Day). Any change in the CB Floating Rate due to a change in the Prime Rate or the Adjusted One Month LIBOR Rate shall be effective from and including the effective date of such change in the Prime Rate or the Adjusted One Month LIBOR Rate, respectively.

  • Floating Rate Interest Period means, during the Floating Rate Period, the period beginning on (and including) a Floating Rate Period Interest Payment Date and ending on (but excluding) the next succeeding Floating Rate Period Interest Payment Date; provided that the first Floating Rate Interest Period will begin on (and include) April 18, 2025 and will end on (but exclude) the first Floating Rate Period Interest Payment Date.

  • Floating Rate Period has the meaning set forth in section 2.5(b)(ii) hereof.

  • Reference Rate Advance means an Advance which bears interest as provided in Section 2.09(a).

  • Alternate Base Rate Advance means an Advance which bears interest at the Alternate Base Rate.

  • Floating Rate Certificate A Certificate that provides for the payment of interest at a Floating Pass-Through Rate determined periodically by reference to a formula specified in the related Supplement.

  • Floating Rate Margin means 7.50 per cent. per annum.

  • Prime Rate Advance means an Advance that bears interest based at the Prime Rate.

  • Base Rate Committed Loan means a Committed Loan that is a Base Rate Loan.

  • Floating Rate Loan means a Loan which bears interest at the Floating Rate.

  • Base Rate Term Loan means a Term Loan that is a Base Rate Loan.

  • Fixed Rate Advance means an Advance which bears interest at a Fixed Rate.

  • Fixed Rate Interest Period means the period beginning on (and including) the Issue Date and ending on (but excluding) the first Fixed Rate Interest Payment Date, and each successive period beginning on (and including) a Fixed Rate Interest Payment Date and ending on (but excluding) the next succeeding Fixed Rate Interest Payment Date.

  • Base Rate Borrowing means a Borrowing comprised of Base Rate Loans.

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

  • LIBOR Rate Advance means an Advance which bears interest at a LIBOR Rate.

  • U.S. Base Rate Loan means a Loan denominated in Dollars which bears interest at a rate based upon the U.S. Base Rate.

  • Eurocurrency Base Rate means, with respect to a Eurocurrency Rate Advance for the relevant Interest Period:

  • Reference Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the Reference Rate.

  • Floating Rate Certificates The Class A Certificates and the Mezzanine Certificates.

  • Fixed Rate Advances has the meaning specified in Section 2.03(a)(i).

  • LIBOR Base Rate means, for each Interest Period, the London interbank offered rate for six-month deposits in Dollars for value the first day of such Interest Period (or, in the case of the initial Interest Period, for value the Interest Payment Date occurring on or next preceding the first day of such Interest Period), as reasonably determined by the Bank and expressed as a percentage per annum.

  • Floating Rate Classes The Classes designated as either “Floating Rate” or “Inverse Floating Rate” in the Prospectus Supplement.