Interest Type when used with respect to any Loan or Borrowing, refers to whether the rate of interest on such Loan, or on the Loans comprising such Borrowing, is determined by reference to the Adjusted LIBO Rate or the Alternate Base Rate.
Interest Type refers to the distinction between Revolving Advances bearing interest at the Base Rate and Revolving Advances bearing interest at the Eurodollar Rate.
Interest Type means, when used with respect to any Revolving Loan, whether the rate of interest on such Revolving Loan is determined by reference to the Eurodollar Rate or the Base Rate.
Examples of Interest Type in a sentence
For purposes of this Agreement, Loans may be classified and referred to by Interest Type (e.g., a “SOFR Loan”).
More Definitions of Interest Type
Interest Type means, when used with respect to any Loan, whether the rate of interest on such Loan is determined by reference to the Eurodollar Rate or the Base Rate.
Interest Type means, when used with respect to any Loan, whether the rate of interest on such Loan is determined by reference to the Base Rate or the Adjusted Term SOFR Rate.
Interest Type has the meaning set forth in Section 1.03.
Interest Type means the distinction between advances bearing interest at the LIBOR Based Rate, Canadian Prime Rate, Canadian US Base Rate and the US Prime Rate.
Interest Type. Cost Center Code: 9999 Interest Accrual:
Interest Type when used with respect to any Loan or Borrowing, refers to whether the rate of interest on such Loan, or on the Loans comprising such Borrowing, is determined by reference to the Adjusted LIBO Rate or the Base Rate.
Interest Type refers to the distinction between Loans ------------- bearing interest based on the Base Rate and Loans bearing interest based on the Eurodollar Rate.