Base Rate Term Loan definition

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

Base Rate Term Loan means any Term Loan bearing interest at a rate determined by reference to the Base Rate in accordance with the provisions of Article II.

Base Rate Term Loan means each Term Loan which is designated or deemed designated as a Term Loan bearing interest at the Base Rate by the Borrower at the time of the incurrence thereof or conversion thereto.

Examples of Base Rate Term Loan in a sentence

• Any overdue principal of or interest on any Base Rate Term Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the Base Rate for such day plus the Applicable Margin.

• The Authority may prepay any Base Rate Term Loan on any Business Day, in whole or in part, by providing at least one (1) Business Day prior written notice to the Administrative Agent.

• Upon the occurrence and during the continuance of any Event of Default, and upon written notice thereof from the Administrative Agent to the Borrower (i) each Eurodollar Term Loan will automatically, on the last day of the then existing Interest Period therefor, convert into a Base Rate Term Loan, and (ii) the obligation of the Lenders to make, continue or convert Loans into Eurodollar Term Loans shall be suspended.

• At any time that a Base Rate Term Loan is outstanding, the Administrative Agent shall notify the Authority of any change in the rates used in determining the Base Rate promptly following the establishment of such change; provided, however, that the failure by the Administrative Agent to provide notice of such change shall not relieve the Authority of its obligation to pay interest accrued on any Base Rate Term Loan under this Agreement.

• Any such Notice of Borrowing shall be irrevocable (subject to the last sentence of this Section 4.1.1(d)) and shall specify (A) the amount of the Term Loans to be borrowed (subject to the limits set forth herein), (B) the requested funding date (which must be a Business Day), (C) whether the Borrowing is to be made as a Base Rate Term Loan or a LIBOR Term Loan, and (D) in the case of LIBOR Term Loans, the duration of the applicable Interest Period (which shall be deemed to be 30 days if not specified).

More Definitions of Base Rate Term Loan

Base Rate Term Loan means any portion of a Term Loan during any period in which such portion bears interest based on the Base Rate.

Base Rate Term Loan means each Term Loan which is designated or deemed designated as a Term Loan bearing interest at the Base Rate by Lead Borrower at the time of the incurrence thereof or conversion thereto.

Base Rate Term Loan a Term Loan that bears interest based on the Base Rate. Beneficial Owner: without duplication, any Person who, directly or indirectly, through any contract, arrangement, understanding relationship or otherwise has or shares (a) voting power, which includes the power to vote, or to direct the voting of, such security; and/or (b) investment power, which includes the power to dispose, or to direct the disposition, of such security.

Base Rate Term Loan means the portion of the Term Loans as to which EnergySolutions has elected the Base Rate Basis for the interest rate thereon, in accordance with the provisions of Section 2.2 hereof, and which shall be in a principal amount of at least $5,000,000 and in an integral multiple of $1,000,000.

Base Rate Term Loan that portion of the Term Loan for the periods when the rate of interest applicable to such portion of the Term Loan is calculated by reference to the Base Rate.

Base Rate Term Loan means a Term Loan (including a 2012 Incremental Term Loan) that is a Base Rate Loan.

Base Rate Term Loan has the meaning given in Section 2.1.2.2(a) of the Credit Agreement.