Reference Rate Loan definition
Reference Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the Reference Rate.
Reference Rate Loan means a Loan denominated in Dollars made hereunder with respect to which the interest rate is calculated by reference to the Reference Rate.
Reference Rate Loan means any Advance (or any portion thereof) made or outstanding hereunder during any period when interest on such Advance (or portion thereof) is payable based on the Reference Rate.
Examples of Reference Rate Loan in a sentence
Subject to the terms of this Agreement, at the option of the Borrower, the Term Loan or any portion thereof shall be either a Reference Rate Loan or a SOFR Loan.
Such Notice of Borrowing shall be irrevocable and shall specify (i) the principal amount of the proposed Term Loan, (ii) whether the Term Loan is requested to be a Reference Rate Loan or a SOFR Loan, (iii) the proposed borrowing date, which must be a Business Day, and, with respect to the Initial Term Loan, must be the Effective Date and (iv) the wiring information of the account of the Borrower to which the proceeds of such Loan are to be disbursed.
More Definitions of Reference Rate Loan
Reference Rate Loan means each Revolving Loan or Swingline Loan bearing interest at the rates provided in Section 1.09(a).
Reference Rate Loan means any Revolving Credit Loan bearing interest at an interest rate based upon the Reference Rate.
Reference Rate Loan means any Loan which bears interest at a rate determined by reference to the Reference Rate.
Reference Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the Reference Rate. “Register” has the meaning specified therefor in Section 12.07(f).
Reference Rate Loan means any Loan (or any relevant part of it) accruing interest at the Floating Rate made available to the Borrower on or after the Rate Switch Date or outstanding as at the Rate Switch Date. -32-
Reference Rate Loan means any Advance (or portion thereof) made or outstanding hereunder during any period when interest on such Advance (or portion thereof) is payable based on the Reference Rate.
Reference Rate Loan means a Loan which Borrower requests to be made as a Reference Rate Loan or a Loan which is reborrowed as, or converted to, a Reference Rate Loan, in accordance with the provisions of Sections 1.1 and 1.2.