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 that bears interest based on 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.

Examples of Reference Rate Loan in a sentence

  • Subject to the terms of this Agreement, at the option of the Administrative Borrower, the Term Loan (including, without limitation, the Term Loan PIK Amount related thereto) or any portion thereof shall be either a Reference Rate Loan or a SOFR Loan.

  • Each Revolving Loan (other than any Specified Revolving Loan) that is a Reference Rate Loan shall bear interest on the principal amount thereof from time to time outstanding, from the date of such Loan until repaid, at a rate per annum equal to the Reference Rate plus the Applicable Margin.

  • Subject to the terms of this Agreement, at the option of the Administrative Borrower, each Revolving Loan (other than any Specified Revolving Loan) shall be either a Reference Rate Loan or a SOFR Loan.


More Definitions of Reference Rate Loan

Reference Rate Loan means a Loan bearing interest calculated based upon 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 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.
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.