Base Rate LC Loan definition

Base Rate LC Loan an LC Loan that shall bear interest at the rate set forth in Section 2.2.9(a).
Sample 1Sample 2Sample 3
Base Rate LC Loan means a DSR LC Loan or a Security Fund LC Loan that shall bear interest at the rate set forth in Section 2.2.9(a) of the Credit Agreement.
Sample 1

Examples of Base Rate LC Loan in a sentence

  • Adjusted Daily Simple SOFR applicable to an Interest Period for LC Loans shall be that in effect two (2) Business Days before the first day of the applicable Interest Period for such Adjusted Daily Simple SOFR LC Loan, and the Base Rate for any applicable Base Rate LC Loan shall be equal to the Base Rate in effect on the date when such Base Rate Loan is made or deemed made hereunder.

  • Notwithstanding anything to the contrary set forth herein, any Conversion of an Adjusted Daily Simple SOFR LC Loan to a Base Rate LC Loan may only occur on the last day of the applicable Interest Period for such SOFR Loan.

  • The Administrative Agent, on behalf of each Issuing Bank, shall, as soon as practicable (and, in any case, within three (3) Business Days) after an LC Loan is made, Continued or Converted, notify Borrower of each determination of (i) Adjusted Daily Simple SOFR (in the case of any Adjusted Daily Simple SOFR LC Loan made hereunder) or (ii) the Base Rate (in the case of any Base Rate LC Loan made hereunder).

Related to Base Rate LC Loan

  • Base Rate Loan means a Loan that bears interest based on the Base Rate.

  • Base Rate Advance means an Advance that bears interest as provided in Section 2.07(a)(i).

  • Base Rate Revolving Loan means a Revolving Loan that is a Base Rate Loan.

  • U.S. Base Rate Loan means a Loan denominated in Dollars which bears interest at a rate based upon the U.S. Base Rate.

  • Base Rate Borrowing means a Borrowing comprised of Base Rate Loans.

  • Reference Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the Reference Rate.

  • Base Rate Committed Loan means a Committed Loan that is a Base Rate Loan.

  • Canadian Base Rate Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the Canadian Base Rate in accordance with the provisions of Article II.

  • Prime Rate Loan means the Loan at such time as interest thereon accrues at a rate of interest based upon the Prime Rate.

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

  • Prime Rate Advance means an Advance that bears interest based at the Prime Rate.

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • Reference Rate Advance means an Advance which bears interest as provided in Section 2.09(a).

  • ABR Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Alternate Base Rate in accordance with the provisions of Article II.

  • Eurodollar Rate Committed Loan means a Committed Loan that bears interest at a rate based on clause (a) of the definition of “Eurodollar Rate.”

  • Eurocurrency Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • Alternative Currency Daily Rate Loan means a Loan that bears interest at a rate based on the definition of “Alternative Currency Daily Rate.” All Alternative Currency Daily Rate Loans must be denominated in an Alternative Currency.

  • Eurodollar Rate Advance means an Advance that bears interest as provided in Section 2.07(a)(ii).

  • Eurodollar Rate Borrowing means a Borrowing comprised of Eurodollar Rate Loans.

  • Canadian Prime Rate Loan means any Loan made to the Borrower in Canadian Dollars which bears interest based upon the Canadian Prime Rate as provided in Section 4.1(a).

  • Eurocurrency Rate Advance means a Revolving Credit Advance denominated in Dollars or a Committed Currency that bears interest as provided in Section 2.07(a)(ii).

  • Prime Rate Loans means any Loans or portion thereof on which interest is payable based on the Prime Rate in accordance with the terms thereof.

  • LIBOR Rate Advance means an Advance which bears interest at a LIBOR Rate.

  • Index Rate Loan means a Loan or portion thereof bearing interest by reference to the Index Rate.

  • Alternate Base Rate Advance means an Advance which bears interest at the Alternate Base Rate.

  • Revolving Loan means a Loan made pursuant to Section 2.01.