Base Rate Term Loan means a Term Loan that is a Base Rate Loan.
Base Rate Term Loan means the portion of the Term Loan that bears interest by reference to the Base Rate in accordance with the applicable Notice of Borrowing, Article VIII or as otherwise set forth herein.
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.
Examples of Base Rate Term Loan in a sentence
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.
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.
More Definitions of Base Rate Term Loan
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 Lead Borrower at the time of the incurrence thereof or conversion thereto.
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 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 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.