Non-Base Rate Loan definition

Non-Base Rate Loan means each portion of a Revolving Loan that bears interest at a rate determined by reference to the applicable Non-Base Rate.
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Non-Base Rate Loan means a Loan that does not bear interest based on the Base Rate and shall include, for the avoidance of doubt, Agreed Alternative Currency Loans, Euro Loans, and SOFR Loans. "Non-Consenting Lender" means any Lender that does not approve any consent, waiver or amendment that (a) requires the approval of all affected Lenders in accordance with the terms of Section 9.1 and (b) has been approved by the Required Lenders. "Non-Defaulting Lender" means, at any time, each Lender that is not a Defaulting Lender at such time. "Non-Extending Lender" has the meaning set forth in Section 2.15. "Non-Material Domestic Subsidiary" means any Domestic Subsidiary that is not a Material Subsidiary. "Notice of Borrowing" has the meaning specified in Section 2.2(a). "Notice of Incremental Facility" has the meaning specified in Section 2.14(a). "Notice of Issuance" has the meaning specified in Section 2.10(b). "Obligations" means, (a) all payment and performance obligations of the Borrowers to the Lenders, the Issuing Banks, and the Administrative Agent under this Agreement and the other Loan Documents (including all Revolving Loans, Incremental Term Loans, Swing Line Loans and obligations under Letters of Credit and including any interest, fees and expenses that, but for the provisions of Debtor Relief Laws, would have accrued), as they may be amended from time to time, or as a result of making the Loans or issuing the Letters of Credit, and (b) the obligation to pay an amount equal to the amount of any and all damages which the Issuing Banks, the Lenders and the Administrative Agent, or any of them, may suffer by reason of a breach by any Loan Party of any obligation, covenant, or undertaking with respect to this Agreement or any other Loan Document. "Offshore Currency" means (a) Euros, and (b) any Agreed Alternative Currency. "Offshore Currency Benchmark Rate" means: (a) in the case of Loans denominated in Euros, either (i) the rate per annum for deposits in Euros that appears on Reuters Page EURIBOR-01 (or any successor page), or (ii) if a rate cannot be determined pursuant to clause (i) above, a rate per annum equal to the average of the rate per annum at which deposits in Euros are available to Administrative Agent as determined by Administrative Agent in London,
Sample 1
Non-Base Rate Loan means (a) with respect to U.S. Revolving Loans (and calculations of interest with respect to U.S. LC Exposure), Eurodollar Loans, (b) with respect to Canadian Revolving Loans (and calculations of interest with respect to Canadian LC Exposure), to the extent denominated in U.S. Dollars, Eurodollar Loans, and (c) with respect to Canadian Revolving Loans (and calculations of interest with respect to Canadian LC Exposure), to the extent denominated in Canadian Dollars, CDOR Loans.
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Examples of Non-Base Rate Loan in a sentence

  • With respect to US Revolving Loans, on the last day of each applicable Interest Period, unless US Borrowers properly have exercised the Non-Base Rate Option with respect thereto, the interest rate applicable to such Non-Base Rate Loan automatically shall convert to the rate of interest then applicable to Base Rate Loans of the same type hereunder.

  • With respect to Canadian Revolving Loans, on the last day of each applicable Interest Period, unless Canadian Borrower properly has exercised the Non-Base Rate Option with respect thereto, the interest rate applicable to such Non-Base Rate Loan automatically shall convert to the Base Rate then applicable to such Canadian Revolving Loans.

  • On the last day of each applicable Interest Period, unless the Administrative Borrower properly has exercised the Non-Base Rate Option with respect thereto, the interest rate applicable to such Non-Base Rate Loan automatically shall convert to the rate of interest then applicable to Base Rate Loans of the same type hereunder.

  • In lieu of having interest charged at the rate based upon the Base Rate, Borrowers shall have the option, subject to Section 2.12(b) below (the "Non-Base Rate Option") to have interest on all or a portion of the Revolving Loans or the Term Loans be charged (whether at the time when made (unless otherwise provided herein), upon conversion from a Base Rate Loan to a Non-Base Rate Loan, or upon continuation of a Non-Base Rate Loan as a Non-Base Rate Loan) at a rate of interest based upon the Non-Base Rate.

  • Each US Protective Advance shall be deemed to be a US Revolving Loan hereunder and each Canadian Protective Advance shall be deemed a Canadian Revolving Loan hereunder, except that no Protective Advance shall be eligible to be a Non-Base Rate Loan and, prior to Settlement therefor, all payments on the Protective Advances shall be payable to Applicable Agent solely for its own account.

  • On the last day of each applicable Interest Period, unless Borrowers have properly exercised the Non-Base Rate Option with respect thereto, the interest rate applicable to such Non-Base Rate Loan automatically shall convert to the rate of interest then applicable to Floating Rate Loans of the same type hereunder.

  • In the case of a proposed Borrowing comprised of Non-Base Rate Loans, the Administrative Agent shall promptly (and in any case no later than 11:00 a.m. (New York, New York time) on the second Business Day before any Non-Base Rate Loan or 1:00 p.m. (New York, New York time) on the day of any Base Rate Loan) notify each Lender of the applicable interest rate under Section 2.5(a).

  • A preference eligible applicant who applies for a position that does not require an examination, or where examination results are other than a numeric score, shall be given preference in interviewing and hiring for the position.

  • In lieu of having interest charged at the rate based upon the Floating Rate, Borrowers shall have the option, subject to Section 2.12(b) below (the “Non-Base Rate Option”) to have interest on all or a portion of the Revolving Loans be charged (whether at the time when made (unless otherwise provided herein), upon conversion from a Floating Rate Loan to a Non-Base Rate Loan, or upon continuation of a Non-Base Rate Loan as a Non-Base Rate Loan) at a rate of interest based upon the Non-Base Rate.

  • In lieu of having interest charged at the rate based upon the Base Rate, Borrower shall have the option, subject to Section 2.12(b) below (the “Non-Base Rate Option”) to have interest on all or a portion of the Revolving Loans be charged (whether at the time when made (unless otherwise provided herein), upon conversion from a Base Rate Loan to a Non-Base Rate Loan, or upon continuation of a Non-Base Rate Loan as a Non-Base Rate Loan) at a rate of interest based upon the Non-Base Rate.


More Definitions of Non-Base Rate Loan

Non-Base Rate Loan means (a) with respect to U.S. Revolving Loans (and calculations of interest with respect to U.S. LC Exposure), Eurodollar Loans, and (b) with respect to Canadian Revolving Loans (and calculations of interest with respect to Canadian LC Exposure), Canadian Term Loans and Delayed Draw Canadian Term Loans, in each case, to the extent denominated in U.S. Dollars, Eurodollar Loans, and (c) with respect to Canadian Revolving Loans (and calculations of interest with respect to Canadian LC Exposure), Canadian Term Loans and Delayed Draw Canadian Term Loans, in each case, to the extent denominated in Canadian Dollars, CDOR Loans.
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Related to Non-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 a Canadian Loan that bears interest at a rate per annum determined by reference to the Canadian Prime Rate.

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

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

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

  • Index Rate Loan means a Loan or portion thereof bearing interest by reference to the Index 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 Loan means a Loan which bears interest at the Alternate Base Rate or the Default Rate.

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

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

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

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

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

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

  • 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).

  • 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).

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

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

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

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

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

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

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

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

  • 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.

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