U.S. Base Rate Loans definition

U.S. Base Rate Loans means any Loans (including Swingline Loans) or portions thereof denominated in U.S. Dollars and on which interest is payable based on the U.S. Base Rate in accordance with the terms hereof.
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U.S. Base Rate Loans. Loans the rate of interest applicable to which is based upon the US Base Rate.
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U.S. Base Rate Loans means Revolving Loans made by the Canadian Lenders in U.S. Dollars accruing interest based on the U.S. Base Rate.
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Examples of U.S. Base Rate Loans in a sentence

  • The Corporation can borrow by way of Canadian dollar advances through Canadian Prime Rate Loans or Bankers Acceptances or United States dollar advances through US Base Rate Loans or Libor or letters of credit denominated in Canadian or U.S. dollars.

  • All U.S. Swingline Loans shall be denominated in Dollars and shall be U.S. Base Rate Loans.

  • Each Borrowing under the Credit Facility will be comprised of U.S. Base Rate Loans or LIBOR Loans in Dollars or Canadian Prime Rate Loans or CDOR Loans in Canadian Dollars, as any Borrower may request in accordance herewith.

  • US Base Rate Loans bear interest until they are converted or repaid in full (both before and after an Event of Default or judgment) at the US Base Rate in effect from time to time, plus the Applicable Margin.

  • Each Borrowing of U.S. Base Rate Loans shall be in an amount not less than $1,000,000 or such greater amount which is an integral multiple of $100,000.


More Definitions of U.S. Base Rate Loans

U.S. Base Rate Loans means the advances in U.S. Dollars made available by the Lenders to the Borrower pursuant to either Section 3.4 or 3.11 and on which the Borrower has agreed to pay interest in accordance with Section 5.2; "U.S. Dollars" and the symbol "U.S. $" each means lawful money of the United States of America;
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U.S. Base Rate Loans mean Loans, or any portion thereof, made available by the Canadian Lenders to the Canadian Borrower outstanding from time to time which are drawdown in U.S. Dollars and in respect of which interest is payable in accordance with Section 4.2.
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U.S. Base Rate Loans means any Loans or portion thereof denominated in US Dollars and on which interest is payable based on the US Base Rate in accordance with the terms thereof.
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U.S. Base Rate Loans. U.S. Facility Loans for which the applicable rate of interest is based upon the U.S. Base Rate.
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U.S. Base Rate Loans means any US Dollar loans or advances pursuant to this Agreement made or maintained at a rate of interest based upon the US Base Rate.
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U.S. Base Rate Loans means US Base Rate based loans in US Dollars, which for greater certainty includes loans made by way of US Overdraft;
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U.S. Base Rate Loans means Dollar Loans made by U.S. Lenders pursuant to subsection 2.1A(iii) and bearing interest at rates determined by reference to the Alternate Base Rate as provided in subsection 2.2A.
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