Definition of Term Fixed Rate Loan

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

Examples of Term Fixed Rate Loan in a sentence

  1. A Term Fixed Rate Loan must be selected by the Borrower by the Conversion Date, and such selection is irrevocable.

Definition of Term Fixed Rate Loan in Term Loan Agreement

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