Type definition

Type when used in reference 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.

Type means, with respect to a Loan, its character as a Base Rate Loan or a Eurodollar Rate Loan.

Type means with respect to a Loan, its character as a Base Rate Loan or a Eurodollar Rate Loan.

Examples of Type in a sentence

• For purposes of this Agreement, Loans and Borrowings may be classified and referred to by Type (e.g., a “Term SOFR Loan”).

• Thereafter, the Borrower may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a Term SOFR Borrowing, may elect Interest Periods therefor, all as provided in this Section.

• Each Funding Notice (whether telephonic or written) shall specify (i) whether the Borrower(s) are requesting a Term Borrowing or a Revolving Credit Borrowing, (ii) the requested date of the Borrowing (which shall be a Business Day), (iii) the principal amount of Loans to be borrowed, (iv) the Type of Loans to be borrowed, (v) if applicable, the duration of the Interest Period with respect thereto and (vi) remittance instructions.

• Type of Debt: Promissory Note (e.g., Account Payable, Promissory Note, Bridge Note) Amount of Account Payable or Principal Amount or Debt: $300,000 principal and $4,921.79 of accrued interest.

More Definitions of Type

Type as to any Loan, its nature as an ABR Loan or a Eurodollar Loan.

Type when used in respect of any Loan or Borrowing, shall refer to the Rate by reference to which interest on such Loan or on the Loans comprising such Borrowing is determined. For purposes hereof, the term “Rate” shall mean the Adjusted LIBO Rate and the Alternate Base Rate.

Type when used in reference 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 Eurocurrency Rate or the Alternate Base Rate.

Type as to any Loan, its nature as a Base Rate Loan or a Eurodollar Loan.

Type with respect to any Loan, refers to whether such Loan is a LIBOR Loan or Base Rate Loan.

Type when used in reference 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 Term SOFR Rate or the Alternate Base Rate.

Type means, with respect to a Loan, its character as a Base Rate Loan or a Term SOFR Loan.