Tranche B Base Rate Loan definition

Tranche B Base Rate Loan means a Tranche B Loan that bears interest based on the Base Rate as provided by Section 3.2 or 3.3.
Sample 1

Examples of Tranche B Base Rate Loan in a sentence

  • In the case of a Tranche B Base Rate Loan, interest was charged at the Agent’s Prime Rate plus the Applicable margin of 12.0%; or, in the case of a Tranche B Eurodollar Loan, interest was charged at LIBO plus the Applicable Margin of 13.0%.

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

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

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

  • In February 2014 the Town accepted the Main Street Plan, which envisions specific changes along Main Street, including an increase in the intensity of development and the removal of the frontage roads.

  • This information was ascertained by reviewing facility policy, intake documents associated with housing assignments and interviews with the PREA Coordinator.

  • Subject to the provisions made in this Section 2.02(e), the Borrower may elect to convert all or any part of any Tranche B Base Rate Loan at any time and from time to time to a Tranche B 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.

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

Related to Tranche B 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.

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

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

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

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

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

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

  • 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.

  • 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.

  • 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).

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

  • 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).

  • 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.

  • Base Rate Revolving Loan means a Revolving Loan that is a Base Rate Loan.

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

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

  • Base Rate Loans Loans the rate of interest applicable to which is based upon the Base Rate.

  • Eurocurrency Rate Advance means a Revolving Credit Advance denominated in Dollars or a Committed Currency that bears interest as provided in Section 2.07(a)(ii).

  • Alternative Currency Daily Rate Loan means a Loan that bears interest at a rate based on the definition of “Alternative Currency Daily Rate.” All Alternative Currency Daily Rate Loans must be denominated in an Alternative Currency.

  • 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.

  • Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.