Index Rate Loan definition

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

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Index Rate Loan means Revolving Loans the rate of interest applicable to which is based on the Index Rate.

Index Rate Loan means a Loan bearing interest at a rate determined by reference to the Index Rate.

Examples of Index Rate Loan in a sentence

• Notwithstanding any other provision of this Agreement or the other Loan Documents, the Swing Line Loan shall constitute an Index Rate Loan.

• If no election is received with respect to a LIBOR Loan by 1:00 p.m. (New York time) on the 3rd Business Day prior to the end of the LIBOR Period with respect thereto, that LIBOR Loan shall be converted to an Index Rate Loan at the end of its LIBOR Period.

• The Borrower shall pay interest on each Index Rate Loan at the Index Rate plus the Applicable Margin in effect from time to time.

• If such Swingline Loan bears interest at a rate other than the Index Rate, such Swingline Loan shall automatically become an Index Rate Loan on the effective date of any such participation and interest shall become payable on demand.

• Any such notice must be given no later than (1) 11:00 a.m. (Chicago time) on the Business Day of the proposed Revolving Credit Advance, in the case of an Index Rate Loan, or (2) 11:00 a.m. (Chicago time) on the date which is 3 Business Days prior to the proposed Revolving Credit Advance, in the case of a LIBOR Loan.

More Definitions of Index Rate Loan

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

Index Rate Loan when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, bears interest at a rate determined by reference to the Index Rate, provided, that “Index Rate Borrowing” and “Index Rate Loan” shall not be deemed to refer to any Base Rate Loan or Base Rate Borrowing bearing interest at a rate determined by reference to the Index Rate.

Index Rate Loan means the Swing Line Loan or any portion of the Revolving Loan bearing interest by reference to the Dollar Index Rate or the Sterling Index Rate, as applicable.

Index Rate Loan means any Advance bearing interest at the Base Rate, the Canadian Base Rate or the Canadian Prime Rate.

Index Rate Loan means a Revolving Credit Advance or portion thereof bearing interest by reference to the Index Rate.

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

Index Rate Loan means a Loan denominated in Canadian Dollars bearing interest at a rate determined by reference to the Index Rate.