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.

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Term Rate Loan means the Loan, any part of the Loan or, if applicable, Unpaid Sum which is not a Compounded Rate Loan.

Term Rate Loan means a Loan that bears interest at a rate based on the Term SOFR Rate or Term RFR.

Examples of Term Rate Loan in a sentence

Any prepayment of an Alternative Currency Term Rate Loan or a Term SOFR Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05.
If (x) with respect to any Term SOFR Loans, the Borrower fails to give a timely notice requesting a conversion or continuation, then the applicable Loans shall be converted to Base Rate Loans, and (y) with respect to any Alternative Currency Term Rate Loans, the Borrower fails to give a timely notice requesting a conversion or continuation, then the applicable tranche of Revolving Loans shall be converted to an Alternative Currency Term Rate Loan with an Interest Period of one month.
All prepayments under this Section 2.07 shall be accompanied by all accrued interest thereon, together with, in the case of any such prepayment of a Term SOFR Loan or Alternative Currency Term Rate Loan on a date prior to the last day of an Interest Period therefor, any amounts owing in respect of such Term SOFR Loan or Alternative Currency Term Rate Loan pursuant to Section 3.05.

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 Term Rate. Term Rate Loans may be denominated in Dollars or in an Alternative Currency. All Committed Loans denominated in an Alternative Currency (other than Canadian Prime Rate Committed Loans) 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”.