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 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 Term 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 $500,000 for each Lender; 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 Term 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.

• Interest on the unpaid principal balance of each Reference Rate Loan (including Reference Rate Loans determined by reference to SOFR) shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed.

More Definitions of Reference Rate Loan

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 bearing interest at a fluctuating rate determined by reference to the Alternate 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 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 a Loan for which interest is based on 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- ​ ​