Examples of Revolving Base Rate Loan in a sentence
The submission by Borrower to Administrative Agent of each Notice of Borrowing, each Notice of Conversion (other than a notice for a conversion to a Revolving Base Rate Loan or a Term Base Rate Loan Portion) and each Notice of Interest Period Selection shall be deemed to be a representation and warranty by Borrower as of the date thereon as to the above.
If an Event of Default shall have occurred and be continuing, each Revolving Eurodollar Loan shall be converted to a Revolving Base Rate Loan on the last day of the Interest Period applicable thereto.
Basic Data Project Number: 51194-001Project NameShandong Green Development Fund ProjectDepartment EARD/EAPF/DivisionExecuting Agency Shandong ProvincialFinance DepartmentCountry BorrowerChina, People's Republic of People's Republic of ChinaCountry Economic IndicatorsPortfolio at a Glancehttps://www.adb.org/Documents/LinkedDocs/?id=5119 4-001-CEIhttps://www.adb.org/Documents/LinkedDocs/?id=5119 4-001-PortAtaGlance2.
The Borrower may elect to convert all or any part of any Revolving Eurodollar Loan on the last day of the then current Interest Period relating thereto to a Revolving Base Rate Loan by giving advance notice as provided in Section 2.02(a) to the Administrative Agent (which shall promptly notify the Revolving Lenders) of such election.
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In the absence of such a timely and proper election, the Borrower shall be deemed to have elected to convert such Revolving Eurodollar Loan to a Revolving Base Rate Loan pursuant to Section 2.02(e).