Reference Rate Loans definition

Reference Rate Loans. Loans hereunder at such time as they are made or being maintained at a rate of interest based upon the Reference Rate.

Reference Rate Loans means the Loans bearing interest with reference to the Reference Rate.

Reference Rate Loans means any advance (or portion thereof) made or outstanding hereunder during any period when interest on such Advance is payable based on the Reference Rate.

Examples of Reference Rate Loans in a sentence

• The Borrowers may, at any time and from time to time, upon written notice to the Administrative Agent received by the Administrative Agent not later than (x) in the case of SOFR Loans, 11:00 a.m. least three (3) Business Days’ prior to the date of prepayment and (y) in the case of Reference Rate Loans, 11:00 a.m. one (1) Business Day’s prior to the date of prepayment, in each case to prepay the principal of the Term Loans, in whole or in part.

• Conversions to Reference Rate Loans and Rollovers shall be permitted in the case of Section 2.1(b) above, in each case, unless the Administrative Agent has otherwise accelerated the Obligations or exercised other rights that terminate the Commitments under Section 10.2 hereof.

• Thereafter, the obligation of the Lenders to make or maintain LIBOTerm SOFR Reference Rate Loans shall be suspended until the Administrative Agent (upon the instruction of the Required Lenders) revokes such notice.

• Each change in the rate of interest for any Borrowing consisting of Reference Rate Loans shall become effective, without prior notice to the Credit Parties, automatically as of the opening of business of the Administrative Agent on the date of said change.

• The Administrative Agent shall calculate each interest rate applicable to the Eurocurrency Rate Loans, RFR Loans, and Reference Rate Loans hereunder in accordance with the terms of this Credit Agreement.

More Definitions of Reference Rate Loans

Reference Rate Loans means any portion of a Tranche B Loan thereof on which interest is payable based on the Reference Rate in accordance with the terms hereof.

Reference Rate Loans means Loans hereunder during such time as they are made and/or being maintained at a rate of interest based upon the Reference Rate.

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

Reference Rate Loans means the Reference Rate Revolving Loans.

Reference Rate Loans. Sterling Loans hereunder at such time as they are made or being maintained at a rate of interest based upon the Reference Rate.

Reference Rate Loans means Loans bearing interest calculated based -------------------- on the Reference Rate.

Reference Rate Loans means Loans which bear interest determined by reference to the Reference Rate.