Domestic Base Rate Loan definition

Domestic Base Rate Loan means a Domestic Revolving Loan, a U.K. Revolving Loan, or a PR Revolving Loan that bears interest based on the Domestic Base Rate. All Domestic Base Rate Loans are only available to Ryder, the U.K. Borrowers, or the PR Borrowers and shall be denominated in Dollars.
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Domestic Base Rate Loan means a Loan for which the rate of interest is determined by reference to the Domestic Base Rate;
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Domestic Base Rate Loan any Loan hereunder bearing interest computed by reference to the Domestic Base Rate, including, without limitation, that portion of the outstanding principal amount of the Domestic Term Loan bearing interest with reference to the Domestic Base Rate.
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Examples of Domestic Base Rate Loan in a sentence

  • Until a Bank funds its Domestic Base Rate Loan or risk participation pursuant to this §2.12(e) to refinance such Bank’s Domestic Commitment Percentage of any Domestic Swing Line Loan, interest in respect of such Domestic Swing Line Loan shall be solely for the account of the relevant Domestic Swing Line Lenders.

  • If such Domestic Bank pays such amount (with interest and fees as aforesaid), the amount so paid (less all such aforementioned interest and fees incurred by such Domestic Bank as a result of its failure to pay the required amounts to the applicable Domestic Swing Line Lenders) shall constitute such Domestic Bank’s Domestic Base Rate Loan included in the relevant Domestic Base Rate borrowing or funded participation in the relevant Domestic Swing Line Loan, as the case may be.

  • The parties hereto agree that such payments made to the Administrative Agent for the account of the Canadian Swing Line Bank shall constitute Domestic Revolving Credit Loans made to the Borrower hereunder, and shall be deemed to have been requested by the Borrower as Domestic Revolving Credit Loans for the purpose of repaying the Borrower's obligations under the Canadian Guaranty to the Canadian Swing Line Bank, and shall constitute a Domestic Base Rate Loan.

  • In such event, Ryder shall be deemed to have requested a Domestic Base Rate Loan to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount, without regard to the minimum and multiples specified in §2.7 for the principal amount of Loans, but subject to the amount of the unutilized portion of the Total Domestic Commitment and the conditions set forth in §12 (other than the delivery of a Domestic Loan Request).

  • Until each Domestic Lender funds its Domestic Revolving Loan that is a Domestic Base Rate Loan or risk participation pursuant to this Section 2.04 to refinance such Lender’s Applicable Percentage of any Domestic Swing Line Loan, interest in respect of such Applicable Percentage shall be solely for the account of the applicable Domestic Swing Line Lender.

  • Each Domestic Swing Line Loan shall be a Domestic Base Rate Loan and, except as otherwise provided in §6.11 hereof, shall bear interest from the Drawdown Date thereof until repaid in full at the rate per annum equal to the Domestic Base Rate plus the Applicable Margin on all Swing Line Loans, which shall be paid on each Interest Payment Date for Domestic Base Rate Loans.

  • If Borrower Representative shall fail to give timely notice of its election to continue any Domestic LIBOR Loan or portion thereof as provided above, or if such continuation shall not be permitted, such Domestic LIBOR Loan or portion thereof, unless such Domestic LIBOR Loan shall be repaid, shall automatically be converted into a Domestic Base Rate Loan at the end of the Interest Period then in effect with respect to such Domestic LIBOR Loan.

  • If Borrower Representative desires to convert a Domestic Base Rate Loan, Borrower Representative shall give Administrative Agent not less than two (2) Business Days’ prior written notice (prior to 10:00 a.m. Los Angeles time on such Business Day), specifying the date of such conversion, the amount to be converted, and the length of the Interest Period.

  • The Domestic Term Loan shall be repayable in accordance with the terms of the applicable Term Note and shall be secured by all of the Domestic Collateral, and shall be initially funded as a Domestic Base Rate Loan.

  • If the Agent does not receive a notice of election of duration of an Interest Period or to Convert by the time prescribed by Section 2.09 hereof, the applicable Multicurrency Facilities Borrower shall be deemed to have elected to Convert such Domestic Loan to (or Continue such Domestic Loan as) a Domestic Base Rate Loan until the Multicurrency Facilities Borrower notifies the Agent in accordance with Section 2.09.


More Definitions of Domestic Base Rate Loan

Domestic Base Rate Loan means any Loan during any period in which it bears interest based on the Domestic Base Rate.
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Domestic Base Rate Loan any Loan that bears interest based on the Domestic Base Rate. Domestic Borrower: each of the Company and any other Domestic Subsidiary acceptable to Agent that is a party to this Agreement as a Domestic Borrower as of the Closing Date or becomes party to this Agreement as a Domestic Borrower by executing a Borrower Joinder Agreement.
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Related to Domestic Base Rate Loan

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

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

  • Domestic Rate Loan means any Advance that bears interest based upon the Alternate Base Rate.

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

  • Prime Rate Loan means the Loan at such time as interest thereon accrues at a rate of interest based upon the Prime Rate.

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

  • Canadian Prime Rate Loan means any Loan made to the Borrower in Canadian Dollars which bears interest based upon the Canadian Prime Rate as provided in Section 4.1(a).

  • Alternate Base Rate Loan means a Loan which bears interest at the Alternate Base Rate or the Default Rate.

  • CDOR Rate Loan means a Loan denominated in Canadian Dollars the rate of interest applicable to which is based on the CDOR Rate.

  • Alternate Base Rate Loans means Loans that bear interest at an interest rate based on the Alternate Base Rate.

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

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

  • Index Rate Loan means a Loan or portion thereof bearing interest by reference to the Index Rate.

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

  • Eurocurrency Rate Advance means a Revolving Credit Advance denominated in Dollars or a Committed Currency that bears interest as provided in Section 2.07(a)(ii).

  • Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.

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

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

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

  • LIBO Rate Loan means a Loan bearing interest, at all times during an Interest Period applicable to such Loan, at a fixed rate of interest determined by reference to the LIBO Rate (Reserve Adjusted).

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

  • Canadian Prime Rate Loans means any Canadian Dollar Revolving Loan during the period which it bears interest at a rate determined by reference to the Canadian Prime Rate.

  • Base Rate Loans Loans the rate of interest applicable to which is based upon the Base Rate.

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

  • Prime Rate Loans means any Loans or portion thereof on which interest is payable based on the Prime Rate in accordance with the terms thereof.

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