Adjusted Base Rate Borrowing definition

Adjusted Base Rate Borrowing means a Borrowing that bears interest at the Adjusted Base Rate.
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Adjusted Base Rate Borrowing means any Borrowing which will constitute an Adjusted Base Rate Tranche.
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Adjusted Base Rate Borrowing means each amount of the unpaid principal balance of a Loan which accrues interest at the Adjusted Base
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Examples of Adjusted Base Rate Borrowing in a sentence

  • Notwithstanding the foregoing, during the continuance of a Monetary Default or an Event of Default, the Borrower shall not have the right to request a Eurocurrency Borrowing, select a new Interest Period for an existing Eurocurrency Borrowing or convert any Adjusted Base Rate Borrowing to a Eurocurrency Borrowing.

  • Each Eurocurrency Borrowing shall be in the minimum amount of $2,000,000 (and in multiples of $100,000 if in excess thereof), and each Adjusted Base Rate Borrowing shall be in the minimum amount of $1,000,000 (and in multiples of $100,000 if in excess thereof).

  • Each election by the Borrower Representative of an Adjusted Base Rate Borrowing shall be in the Minimum Borrowing Amount, or any multiple thereof.

  • Each Eurocurrency Borrowing shall be in the minimum amount of $2,000,000 (and in multiples of $100,000 if in excess thereof), and each Adjusted Base Rate Borrowing shall be in the minimum amount of $1,000,000 (and in multiples of $100,000 if in excess thereof), provided, however, that any Adjusted Base Rate Borrowing may be in the amount of the unused Aggregate Revolving Commitment.

  • Each Borrowing shall (i) be in an aggregate principal amount of $250,000 or any larger integral multiple of (A) $250,000 in the case of a Eurodollar Borrowing, or (B) $50,000 in the case of an Adjusted Base Rate Borrowing, and (ii) be made from each Bank ratably in accordance with its respective Commitment Percentage.

  • Notwithstanding the foregoing, during the continuance of a Monetary Default or an Event of Default, the Borrower shall not have the right to request a Eurocurrency Borrowing, request a Bid Rate Loan, select a new Interest Period for an existing ratable Eurocurrency Borrowing or convert any Adjusted Base Rate Borrowing to a ratable Eurocurrency Borrowing.

  • Each Borrowing shall (i) be in an aggregate principal amount of $500,000 or any larger integral multiple of $100,000 (except that any Adjusted Base Rate Borrowing may be in an amount equal to the Availability at such time), and (ii) be made from each Bank ratably in accordance with its respective Commitment Percentage.

  • Each election by the Borrower of an Adjusted Base Rate Borrowing shall be in the Minimum Borrowing Amount, or any multiple thereof.

  • Each Loan Request shall (A) specify: (i) the aggregate amount to be borrowed, (ii) the requested Borrowing Date, and (iii) whether the borrowing is to be an Adjusted SOFR Rate Borrowing, an Adjusted Base Rate Borrowing, or a combination thereof and (B) be accompanied by a Borrowing Base Certificate as required by Section 5.09.14.

  • Each Loan Request shall specify: (a) the aggregate amount to be borrowed, (b) the requested Borrowing Date, (c) whether the borrowing is to be an Adjusted Daily SOFR Borrowing or an Adjusted Base Rate Borrowing, and (d) the required information and calculations evidencing compliance with the limitations set forth in Section 2.01 above, and shall be accompanied by the Floor Plan Borrowers’ inventory worksheet and a copy of the title to any Eligible Used Floor Plan Unit.


More Definitions of Adjusted Base Rate Borrowing

Adjusted Base Rate Borrowing has the meaning set forth in Section 1.3.
Sample 1
Adjusted Base Rate Borrowing means each amount of the unpaid principal balance of a Loan which accrues interest at the Adjusted Base Rate. LEGAL02/44139400v8
Sample 1

Related to Adjusted Base Rate Borrowing

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

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

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.

  • Borrowing means Loans of the same Type, made, converted or continued on the same date and, in the case of Eurodollar Loans, as to which a single Interest Period is in effect.

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

  • Reference Rate Loan means any Committed Loan that bears interest at a rate determined with reference to the Reference Rate.

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

  • SOFR Borrowing means, as to any Borrowing, the SOFR Loans comprising such Borrowing.

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

  • Eurocurrency Rate Advance means a Revolving Credit Advance or a Term Loan Advance denominated in Dollars or in an Agreed Currency which bears interest as provided in Section 2.07(b) or a Local Currency Advance which bears interest as provided in Section 2.07(b) and the Local Currency Addendum.

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

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

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

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

  • Revolving Borrowing means a Borrowing comprised of Revolving Loans.

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.