Reference Rate Loans definition

Reference Rate Loans. Loans hereunder at such time as they are made or being maintained at a rate of interest based upon the Reference Rate.

Reference Rate Loans means the Loans bearing interest with reference to the Reference Rate.

Reference Rate Loans means any portion of a Tranche B Loan thereof on which interest is payable based on the Reference Rate in accordance with the terms hereof.

Examples of Reference Rate Loans in a sentence

• The Administrative Agent shall determine each interest rate applicable to the LIBOR Rate Loans and Reference Rate Loans hereunder.

• Each Loan funded by the Lenders shall accrue interest at a rate per annum equal to: (i) with respect to LIBOR Rate Loans, Adjusted LIBOR for the applicable Interest Period; and (ii) with respect to Reference Rate Loans, the Reference Rate in effect from day to day.

• All disbursements or payments related to Letters of Credit shall be deemed to be Revolving Loans and shall bear interest at the rate applicable to Revolving Loans that are Reference Rate Loans in accordance with Section 2.04.

• Each change in the rate of interest for any Borrowing consisting of Reference Rate Loans shall become effective, without prior notice to the Credit Parties, automatically as of the opening of business of the Administrative Agent on the date of said change.

• Each change in the rate of interest for any Borrowing consisting of Reference Rate Loans shall become effective, without prior notice to the Borrowers, automatically as of the opening of business of the Administrative Agent on the date of said change.

More Definitions of Reference Rate Loans

Reference Rate Loans means any Advance made or outstanding hereunder -------------------- during any period when interest on such Advance is payable based on the Reference Rate.

Reference Rate Loans means Loans hereunder during such time as they are made and/or being maintained at a rate of interest based upon the Reference Rate.

Reference Rate Loans means any advance (or portion thereof) made or outstanding hereunder during any period when interest on such Advance is payable based on the Reference Rate.

Reference Rate Loans. Loans the rate of interest applicable to which is based upon the Reference Rate.

Reference Rate Loans means the Reference Rate Revolving Loans.

Reference Rate Loans means a Revolving Loan during any period in which it bears interest based on the Reference Rate.

Reference Rate Loans. Sterling Loans hereunder at such time as they are made or being maintained at a rate of interest based upon the Reference Rate.