Definition of Term Base Rate Loan

  1. Term Base Rate Loan means any portion of the Term Loan which bears interest at a rate determined by reference to the Base Rate.

Examples of Term Base Rate Loan in a sentence

  1. Interest on a Term Base Rate Loan shall be due monthly in arrears commencing on the first day of the month following the Conversion Date and on the same day of each and every month thereafter until the Term Maturity Date.
  2. "Revolving Eurodollar Rate Loan" or "Existing Term Base Rate Loan").

Definition of Term Base Rate Loan in Term Loan Agreement

Term Base Rate Loan means any portion of the Term Loan which bears interest at a rate determined by reference to the Base Rate.