Direct Lender Alternate Base Rate Advance definition

Direct Lender Alternate Base Rate Advance means an Advance by a Direct Lender, the Yield on which is computed with reference to the Direct Lender Alternate Base Rate.

Examples of Direct Lender Alternate Base Rate Advance in a sentence

  • Notwithstanding anything to the contrary contained in this Agreement or any Notice of Borrowing, if the Direct Lenders do not receive a Notice of Borrowing with respect to a proposed Advance to be made by the Direct Lenders by 12:00 noon (New York City time) on the second Business Day preceding the Borrowing Date of such proposed Advance to be made by the Direct Lenders, such Advance to be made by the Direct Lenders shall be deemed to be a Direct Lender Alternate Base Rate Advance.

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