Floating Rate Loan definition
Floating Rate Loan means a Loan which bears interest at the Floating Rate.
Floating Rate Loan means a Loan, or portion thereof, which bears interest at the Floating Rate.
Floating Rate Loan means a Loan which, except as otherwise provided in Section 2.13, bears interest at the Alternate Base Rate.
Examples of Floating Rate Loan in a sentence
The Floating Rate Loan shall bear interest for each Interest Period, from and including the first day of such Interest Period up to but excluding the last day of such Interest Period, at the interest rate determined as applicable to the Floating Rate Loan for such Interest Period.
More Definitions of Floating Rate Loan
Floating Rate Loan means any Loan which bears interest at the Floating Rate.
Floating Rate Loan. A Loan that is an Eligible Loan where the interest rate payable by the Obligor thereof is based on the Company Prime Rate or the Company LIBOR Rate, plus some specified interest percentage in addition thereto, and the Loan provides that such interest rate will reset immediately upon any change in the related Company Prime Rate or Company LIBOR Rate.
Floating Rate Loan means a Loan which bears interest at the Alternate Base Rate.
Floating Rate Loan or “Floating Rate Advance” means a Loan which bears interest at the Floating Rate.
Floating Rate Loan means any Loan and any portion of the Loan Balance which the Borrower has requested, in the initial Borrowing Request for such Loan or a subsequent Borrowing Request for such portion of the Loan Balance, bearing interest at the Floating Rate, or which pursuant to the terms hereof is otherwise required to bear interest at the Floating Rate.
Floating Rate Loan means any Loan bearing interest at the Floating Rate.
Floating Rate Loan. All or any portion of any Term Loan which bears interest at a rate calculated with reference to the Prime Rate.