Base Rate Loans definition

Base Rate Loans. Loans the rate of interest applicable to which is based upon the Base Rate.
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Base Rate Loans means Loans bearing interest at rates determined by reference to the Base Rate as provided in subsection 2.2A.
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Base Rate Loans means Syndicated Loans that bear interest at rates based upon the Base Rate.
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Examples of Base Rate Loans in a sentence

  • Any such automatic conversion to Base Rate Loans shall be effective as of the last day of the Interest Period then in effect with respect to the applicable Eurodollar Rate Loans.

  • All computations of interest for Base Rate Loans (including Base Rate Loans determined by reference to the Eurodollar Rate) shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed.

  • At any time that Base Rate Loans are outstanding, the Administrative Agent shall notify the Borrower and the Lenders of any change in Bank of America’s prime rate used in determining the Base Rate promptly following the public announcement of such change.

  • If the Borrower fails to specify a Type of Loan in a Loan Notice or if the Borrower fails to give a timely notice requesting a conversion or continuation, then the applicable Loans shall be made as, or converted to, Base Rate Loans.

  • Any such automatic conversion to Base Rate Loans shall be effective as of the last day of the Interest Period then in effect with respect to the applicable Eurocurrency Rate Loans.


More Definitions of Base Rate Loans

Base Rate Loans means the Base Rate Revolving Loans.
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Base Rate Loans means any Loans or portion thereof on which interest is payable based on the Base Rate in accordance with the terms thereof.
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Base Rate Loans means Loans which bear interest at rates based upon the Base Rate.
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Base Rate Loans means, when used in reference to any Loan or Borrowing, a Loan, or the Loans comprising such Borrowing, bearing interest at a rate determined by reference to the Base Rate.
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Base Rate Loans means all Loans which bear interest at a rate determined by reference to the Base Rate as provided in Section 4.01(a).
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Base Rate Loans. Revolving Loans the rate of interest applicable to which is based upon the Base Rate.
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Base Rate Loans means each Loan bearing interest at the rates provided in Section 1.08(a).
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