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.

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

Examples of Reference Rate Loan in a sentence

• Each Loan shall be in an aggregate amount that is an integral multiple of $100,000 and not less than $1,000,000; provided that a Reference Rate Loan may be in an aggregate amount that is equal to the entire unused balance of the Available Commitment.

• Interest on the unpaid principal balance of (i) each SOFR Loan and Reference Rate Loan bearing interest based off SOFR shall be calculated on the basis of the actual days elapsed in a year consisting of 360 days and (ii) each Reference Rate Loan (other than when the Reference Rate is calculated based off SOFR) shall be calculated on the basis of the actual days elapsed in a year consisting of 365 or 366 days, as the case may be.

• A request of the Borrowers for a Conversion of a Reference Rate Loan to a SOFR Loan is subject to the condition that no Event of Default or Potential Default exists at the time of such request or after giving effect to such Conversion.

More Definitions of Reference Rate Loan

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.

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 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 Revolving Credit Loan bearing interest at an interest rate based upon the Reference Rate.

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 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.