Term Rate Loan definition
Term Rate Loan means a Loan that bears interest at a rate based on the Term SOFR Rate or Eurocurrency Rate.
Term Rate Loan means a Loan that bears interest at a rate based on the Term SOFR Rate or Term RFR.
Term Rate Loan means any Loan or, if applicable, Unpaid Sum in a Term Rate Currency to the extent that it is not, or has not become a “Compounded Rate Loan” for its then current Interest Period pursuant to Clause 15.1 (Interest calculation if no Primary Term Rate).
Examples of Term Rate Loan in a sentence
Each such Loan Notice must be received by the Administrative Agent not later than (x) in the case of a Term Rate Loan, 10:00 a.m. (New York City time) two (2) Business Days prior to the requested Funding Date and (y) in the case of a Base Rate Loan, 10:00 a.m. (New York City time) on the requested Funding Date, of such Loans (or such shorter period as may be agreed to by the Administrative Agent with the consent of each Lender).
More Definitions of Term Rate Loan
Term Rate Loan means a Committed Loan under Tranche A or Tranche B that bears interest at a rate based on a Term Rate. Term Rate Loans may be denominated in US Dollars, Euro or Canadian Dollars. All Committed Loans denominated in Euro or Canadian Dollars (other than Canadian Dollar Loans made under Tranche B) must be Term Rate Loans.
Term Rate Loan means any Loan or, if applicable, Unpaid Sum which is not a Compounded Rate Loan.
Term Rate Loan means a Committed Loan that bears interest at a rate based on clause (a) of the definition of “Term Rate”. Term Rate Loans may be denominated in Dollars or in the Alternative Currency. All Committed Loans denominated in the Alternative Currency must be Term Rate Loans.
Term Rate Loan means any Drawing granted under a Facility or, where applicable, any overdue amount in relation to a Facility, where interest is in each case calculated using a Term Reference Rate.
Term Rate Loan means a Term SOFR Loan or an Alternative Currency Term Rate Loan, as applicable. Term Rate Loans may be denominated in Dollars or in an Alternative Currency.
Term Rate Loan means an Advance that bears interest at a rate based on the Term SOFR Rate, Eurocurrency Rate or Term RFR.
Term Rate Loan means a Loan that bears interest at a rate based on a Term Rate, other than pursuant to clause (c) of the definition of “Base Rate”.