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 made hereunder with respect to which the interest rate is calculated by reference to the Reference Rate.
Reference Rate Loan means a Loan bearing interest calculated based upon the Reference Rate.

Examples of Reference Rate Loan in a sentence

  • Interest on each Loan shall be payable (i) in the case of a Reference Rate Loan, monthly, in arrears, on the last Business Day of each month, commencing on the last Business Day of the month following the month in which such Loan is made, (ii) in the case of a SOFR Loan, on the last day of the then effective Interest Period applicable to such Loan, and (iii) in the case of each Loan, at maturity (whether upon demand, by acceleration or otherwise).

  • Each 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.

  • Upon receipt of notice of the commencement of a Benchmark Unavailability Period, the Borrower may revoke any request for a borrowing of, conversion to or continuation of a Term SOFR Loan to be made, converted or continued during any Benchmark Unavailability Period and, failing that, the Borrower will be deemed to have converted any such request into a request for a borrowing of a Reference Rate Loan or conversion to a Reference Rate Loan.

  • Subject to the terms of this Agreement, at the option of the Borrowerunless the Lenders shall otherwise agree (in their sole discretion), the Term LoanLoans or any portion thereof shall be either a Reference Rate Loan or a SOFR Loan.

  • Subject to the terms of this Agreement, at the option of the Borrowerunless the Lenders shall otherwise agree (in their sole discretion), each 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 that bears interest based on 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.
Reference Rate Loan means any Committed Loan that bears interest at a rate determined with reference to the Reference Rate.
Reference Rate Loan means any Loan that bears interest at a rate ------------------- determined with reference to the Adjusted 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 any Loan for which interest is determined, in accordance with the provisions hereof, at the Applicable Reference Rate.
Reference Rate Loan means each Revolving Loan or Swingline Loan bearing interest at the rates provided in Section 1.09(a).