Reference Rate Loan Unit definition

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.

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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 Revolving Loan designated as a Prime Rate Loan.

Examples of Reference Rate Loan Unit in a sentence

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.
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.
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 $100,000.00.

More Definitions of Reference Rate Loan Unit

Reference Rate Loan Unit. Restricted Subsidiary" and "Revolving Credit Commitment" to read as follows:

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.

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.