Tranche A Base Rate Loan definition

Tranche A Base Rate Loan means a Tranche A Loan that bears interest based on the Base Rate as provided by Section 3.2 or 3.3.
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Examples of Tranche A Base Rate Loan in a sentence

  • In the case of a Tranche A Base Rate Loan, interest is charged at the Agent’s Prime Rate plus the Applicable margin of 7.0%; or, in the case of a Tranche A Eurodollar Loan, interest is charged at LIBO plus the Applicable Margin of 8.0%.

  • If a Default shall have occurred and be continuing, no Tranche A Base Rate Loan may be converted into a Tranche A Eurodollar Loan.

  • The Borrower may elect to convert all or any part of any Tranche A Eurodollar Loan on the last day of the then current Interest Period relating thereto to a Tranche A Base Rate Loan by giving advance notice to the Agent (which shall promptly notify the Lenders) of such election.

  • In the absence of such a timely and proper election, the Borrower shall be deemed to have elected to convert such Tranche A Eurodollar Loan to a Tranche A Base Rate Loan pursuant to Section 2.02(e).

  • All Tranche A Base Rate Loan borrowings shall be in amounts of at least $1,000,000 or the remaining balance of the Aggregate Tranche A Commitments, if less, or any whole multiple of $1,000,000 in excess thereof, and all Tranche A Eurodollar Loans shall be in amounts of at least $1,000,000 or any whole multiple of $1,000,000 in excess thereof.

  • If a Default shall have occurred and be continuing, each Tranche A Eurodollar Loan shall be converted to a Tranche A Base Rate Loan on the last day of the Interest Period applicable thereto.

  • All or any part of any outstanding Tranche A Loan may be converted as provided herein, provided that (i) any conversion of any Tranche A Base Rate Loan into a Tranche A Eurodollar Loan shall be (as to each such Tranche A Loan into which there is a conversion for an applicable Interest Period) in amounts of at least $1,000,000 or any whole multiple of $1,000,000 in excess thereof and (ii) no Default shall have occurred and be continuing.

  • Subject to the provisions made in this Section 2.02(e), the Borrower may elect to convert all or any part of any Tranche A Base Rate Loan at any time and from time to time to a Tranche A Eurodollar Loan by giving advance notice as provided in Section 2.02(c) to the Agent (which shall promptly notify the Lenders) of such election.

Related to Tranche A Base Rate Loan

  • U.S. Base Rate Loan means a Loan denominated in Dollars which bears interest at a rate based upon the U.S. Base Rate.

  • Canadian Base Rate Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the Canadian Base Rate in accordance with the provisions of Article II.

  • Base Rate Loan means a Loan that bears interest based on the Base Rate.

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • Revolving Loan means a Loan made pursuant to Section 2.01.

  • Reference Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the Reference Rate.

  • Prime Rate Loan means the Loan at such time as interest thereon accrues at a rate of interest based upon the Prime Rate.

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • CDOR Rate Loan means a Loan denominated in Canadian Dollars the rate of interest applicable to which is based on the CDOR Rate.

  • Domestic Rate Loan means any Advance that bears interest based upon the Alternate Base Rate.

  • Tranche A Advance means an Advance made by a Bank under Tranche A.

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • LIBOR Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the LIBOR Rate.

  • Term SOFR Rate Loan means a Loan that bears interest based on the Term SOFR Rate.

  • Canadian Prime Rate Loan means any Loan made to the Borrower in Canadian Dollars which bears interest based upon the Canadian Prime Rate as provided in Section 4.1(a).

  • Index Rate Loan means a Loan or portion thereof bearing interest by reference to the Index Rate.

  • ABR Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Alternate Base Rate in accordance with the provisions of Article II.

  • Eurocurrency Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • Floating Rate Loan means a Loan which bears interest at the Floating Rate.

  • Tranche A Borrowing Base means, at any time of calculation, an amount equal to:

  • LIBO Rate Loan means a Loan bearing interest, at all times during an Interest Period applicable to such Loan, at a fixed rate of interest determined by reference to the LIBO Rate (Reserve Adjusted).

  • Alternate Base Rate Loans means Loans that bear interest at an interest rate based on the Alternate Base Rate.

  • Revolving Advance has the meaning given in Section 2.1.

  • Alternative Currency Loan means an Alternative Currency Daily Rate Loan or an Alternative Currency Term Rate Loan, as applicable.

  • Alternate Base Rate Loan means a Loan which bears interest at the Alternate Base Rate or the Default Rate.

  • Offshore Rate Loan means a Loan that bears interest based on the Offshore Rate.