Reference Rate Revolving Loans definition

Reference Rate Revolving Loans means a Revolving Loan during any period in which it bears interest based on the Reference Rate.

Reference Rate Revolving Loans shall have the meanings given to those terms in Subsection 1.02(b)(i)(A).

Examples of Reference Rate Revolving Loans in a sentence

• Agent Loans shall constitute Reference Rate Revolving Loans under this Agreement repayable by the relevant Borrower on demand and shall bear interest at the rate per annum applicable to Reference Rate Revolving Loans plus 2%.

• The Agent is hereby authorised to debit all Swingline Loans and all Reference Rate Revolving Loans and interest thereon to a loan account or accounts denominated in the currency denomination of each such Loan maintained with the Agent.

• The Agent is hereby authorised to debit all Swingline Loans and all Reference Rate Revolving Loans and interest thereon to a loan account or accounts denominated in the currency denomination of each such Swingline Loan maintained with the Agent.

• Notwithstanding anything to the contrary contained in this Agreement, unless so directed by the Borrowers, or unless an Event of Default is outstanding, neither the Agent nor any Lender shall apply any payments which it receives to any LIBOR Revolving Loan except (a) on the expiration date of the Interest Period applicable to any such LIBOR Rate Loan, or (b) in the event, and only to the extent, that there are no outstanding Reference Rate Revolving Loans.

• If the Borrower does not timely revoke such Notice, the Lender shall make, convert or continue the Loans, as proposed by the Borrower, in the amount specified in the applicable notice submitted by the Borrower, but such Loans shall be made, converted or continued as Reference Rate Revolving Loans instead of LIBOR Revolving Loans.

• The court should grant a defense motion for a consultative expert, as defined in Standard 7-1.3(d), when the defense attorney can establish good cause that such an expert is necessary for an adequate defense.

• Any amounts so re-lent to the Borrowers shall bear interest at the rate applicable to Reference Rate Revolving Loans and for all other purposes of this Agreement shall be treated as if they were Revolving Loans.

• If not paid on the due date, the interest shall be added to and form part of the Reference Rate Revolving Loan on which interest shall accrue and be payable in accordance with the provisions of this Clause 6.12.4 (Reference Rate Revolving Loans to satisfy reimbursement obligations).

• Agent Loans shall constitute Reference Rate Revolving Loans under this Agreement repayable by the Borrower on one month’s prior notice from the Agent unless a Default or an Event of Default has occurred and is continuing when such Reference Rate Revolving Loans will be repayable by the Borrower on demand and shall bear interest at the rate per annum applicable to Reference Rate Revolving Loans plus 2%.

• All of the foregoing costs and expenses may be charged by the Agent to the Loan Account as Reference Rate Revolving Loans as described in Section 4.4.