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 each Revolving Loan or Swingline Loan bearing interest at the rates provided in Section 1.09(a).
Examples of Reference Rate Loan in a sentence
Each BSBY RateTerm SOFR Loan, Daily Simple SOFR Loan and Alternative Currency Loan shall not be less than $1,000,000, and each Reference Rate Loan shall not be less than $250,000; provided that a Reference Rate Loan may be in an aggregate amount that is equal to the entire unused balance of the Available Commitment or that is required to finance the reimbursement of a Letter of Credit under Section 2.8(c).
A request of the Borrowers for a Conversion of a Reference Rate Loan into a BSBY RateTerm SOFR Loan or Daily Simple 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 each portion of a Term Loan that bears interest at a rate determined 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.
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 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 a Revolving Loan during any period in which it bears interest at the rate provided in Section 3.1(a)(i).
Reference Rate Loan means any Loan (or any relevant part of it) made available to the Borrower on or after the Rate Switch Date or outstanding as at the Rate Switch Date.