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

If paragraph (a) above applies but it is not possible to calculate the Interpolated Primary Term Rate, the Interest Period of that Term Rate Loan shall (if it is longer than the applicable Fallback Interest Period) be shortened to the applicable Fallback Interest Period and the applicable Primary Term Rate for that shortened Interest Period shall be determined pursuant to the definition of “Primary Term Rate”.
Term Rate Loans The rate of interest on each Term Rate Loan for any Facility during its Interest Period is the percentage rate per annum which is the aggregate of the applicable: (a) the Margin; and (b) the Term Reference Rate.
If paragraph (b) above applies but no Primary Term Rate is available for the Interest Period of that Term Rate Loan and it is not possible to calculate the Interpolated Primary Term Rate, the applicable Primary Term Rate shall be the Historic Primary Term Rate for that Term Rate Loan.

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”.