Reference Rate Loan Unit definition

Reference Rate Loan Unit. Each portion of any Loan designated as such in ------------------------ a notice of borrowing under Section 2.3 or a notice of continuation or ----------- conversion under Section 2.4. -----------
Reference Rate Loan Unit. Each portion of any Loan designated as such in a notice of borrowing under Section 2.3 or a notice of continuation or conversion under Section 2.4.

Examples of Reference Rate Loan Unit in a sentence

  • On the Closing Date, the Term Loan shall be made as a single Reference Rate Loan Unit.

  • If any such event shall make it unlawful or impossible for the Bank to continue any Eurodollar Rate Loan Unit previously made by it hereunder, the Bank shall, upon the happening of such event, notify the Borrower and the Bank thereof in writing, and the Borrower shall, at the time notified by the Bank, either convert each such unlawful Loan Unit to a Reference Rate Loan Unit or repay such Loan Unit in full, together with accrued interest thereon and any payment required pursuant to SECTION 2.6.

  • Franchise fees driven by Buy and Flip activity also contributed to the 13.3 percent year-over-year increase in adjusted EBITDA.

  • Absent timely notice of continuation or conversion, each Eurodollar Rate Loan Unit having an Interest Period of one month or more or CD Rate Loan Unit having an Interest Period of 30 days or more shall automatically convert into a Reference Rate Loan Unit on the last day of an applicable Interest Period, unless paid in full on such last day.

  • Each Reference Rate Loan Unit shall be in an amount of not less than $50,000.00.

  • Each Reference Rate Loan Unit shall be in an amount of not less than $500,000.00 and an integral multiple of $100,000.00 above such amount.

  • Absent timely notice of continuation or conversion, each Eurodollar Rate Loan Unit shall automatically convert into a Reference Rate Loan Unit on the last day of an applicable Interest Period, unless paid in full on such last day.


More Definitions of Reference Rate Loan Unit

Reference Rate Loan Unit. Each portion of any Revolving Loan designated as such in a notice of borrowing under SECTION 2.3 or a notice of continuation or conversion under SECTION 2.4.
Reference Rate Loan Unit. Each portion of any Revolving Loan designated as a Prime Rate Loan.
Reference Rate Loan Unit or the "Reference Rate Loan Units", as the case may be, shall be deemed to be a reference to a Prime Rate Loan or the Prime Rate Loans.

Related to Reference Rate Loan Unit

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

  • Reference Rate Advance means an Advance which bears interest as provided in Section 2.09(a).

  • U.S. Base Rate Loan means each Revolving Loan which is designated or deemed designated as a U.S. Base Rate Loan by the applicable U.S. Borrower at the time of the incurrence thereof or conversion thereto.

  • Base Rate Loan means a Loan that bears interest based on the Base Rate.

  • Prime Rate Loan means the Loan at such time as interest thereon accrues at a rate of interest based upon the Prime Rate.

  • Eurodollar Rate Advance means an Advance that bears interest as provided in Section 2.07(a)(ii).

  • Eurocurrency Rate Advance means a Revolving Credit Advance denominated in Dollars or a Committed Currency that bears interest as provided in Section 2.07(a)(ii).

  • Eurodollar Rate Borrowing means a Borrowing comprised of Eurodollar Rate Loans.

  • Canadian Base Rate Loan a Canadian Revolver Loan, or portion thereof, funded in Dollars and bearing interest calculated by reference to the Canadian Base Rate.

  • Base Rate Advance means an Advance that bears interest as provided in Section 2.07(a)(i).

  • Eurodollar Rate Committed Loan means a Committed Loan that bears interest at a rate based on the Eurodollar Rate.

  • Index Rate Loan means a Loan or portion thereof bearing interest by reference to the Index Rate.

  • CDOR Rate Loan means a Loan denominated in Canadian Dollars made by the Lenders (or any one of them) to the applicable Borrower which bears interest at a rate based on the CDOR Loan Rate.

  • Base Rate Borrowing means a Borrowing comprised of Base Rate Loans.

  • LIBOR Rate Loan means each portion of an Advance that bears interest at a rate determined by reference to the LIBOR Rate.

  • Eurocurrency Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • Alternate Base Rate Loan means a Loan which bears interest at the Alternate Base Rate.

  • Canadian Prime Rate Loan means a Tranche B Loan denominated in Canadian Dollars that bears interest based on the Canadian Prime Rate.

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • Prime Rate Advance means an Advance that bears interest based at the Prime Rate.

  • Base Rate Revolving Loan means a Revolving Loan that is a Base Rate Loan.

  • Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.

  • Alternate Base Rate Loans means Loans that bear interest at an interest rate based on the Alternate Base Rate.

  • Alternative Currency Daily Rate Loan means a Loan that bears interest at a rate based on the definition of “Alternative Currency Daily Rate.” All Alternative Currency Daily Rate Loans must be denominated in an Alternative Currency.

  • LIBOR Rate Advance means an Advance which bears interest at a LIBOR Rate.

  • Alternate Base Rate Advance means an Advance which bears interest at the Alternate Base Rate.