Adjusted Base Rate Loan definition

Adjusted Base Rate Loan means a Loan bearing interest at the Adjusted Base Rate.
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Adjusted Base Rate Loan any Loan that bears interest based on the Adjusted Base Rate.
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Adjusted Base Rate Loan means a DSR Loan bearing interest at the Adjusted Base Rate.
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Examples of Adjusted Base Rate Loan in a sentence

  • An Adjusted Base Rate Loan may be prepaid at the option of the Company in whole or in part at any time without premium or penalty.

  • Upon receipt of such notice, Borrower Agent may revoke any pending request for a Borrowing of, conversion to or continuation of a LIBOR Loan or, failing that, will be deemed to have submitted a request for an Adjusted Base Rate Loan.

  • Each Notice of Borrowing shall be irrevocable and shall specify (A) the amount of the Borrowing, (B) the requested funding date (which must be a Business Day), (C) whether the Borrowing is to be made as an Adjusted Base Rate Loan or LIBOR Loan, and (D) in the case of a LIBOR Loan, the applicable Interest Period (which shall be deemed to be 30 days if not specified).

  • Within the foregoing limits, and subject to the other terms and conditions hereof, Borrower may borrow under this Section 2.4, repay amounts borrowed under this Section 2.4 and request new Borrowings under this Section 2.4. Each Swing Line Loan shall be an Adjusted Base Rate Loan.

  • Each Swingline Loan shall be an Adjusted Base Rate Loan under the Facility.

  • Until each Bank funds its Adjusted Base Rate Loan or risk participation pursuant to Section 2.4(c) or Section 2.4(d) to refinance such Bank’s Commitment Percentage of any Swing Line Loan, interest in respect of such Commitment Percentage shall be solely for the account of Swing Line Bank.

  • An Adjusted Base Rate Loan will continue as an Adjusted Base Rate Loan unless and until converted into an Adjusted LIBOR Ratea SOFR Loan.

  • Each Notice of Borrowing shall be irrevocable and shall specify (A) the amount of the Borrowing, (B) the requested funding date (which must be a Business Day), (C) whether the Borrowing is to be made as an Adjusted Base Rate Loan or SOFR Loan, and (D) in the case of a SOFR Loan, the applicable Interest Period (which shall be deemed to be one (1) month if not specified).

  • In the event the Borrower fails to select the applicable interest rate, within the time period and otherwise as provided in this Section 2.6(c), such DSR Loan (if outstanding as a LIBOR Rate Loan) will be automatically converted into an Adjusted Base Rate Loan on the last day of the then current Interest Period for such DSR Loan or (if outstanding as an Adjusted Base Rate Loan) will remain as, or (if not then outstanding) will be made as, an Adjusted Base Rate Loan.

  • The Company will provide written or telephonic notice (which notice shall be confirmed in writing if the Lender so requests), which notices shall be irrevocable, to the Lender not later than (i) 11:00 a.m., Milwaukee, Wisconsin time, on any proposed date of prepayment of any Adjusted Base Rate Loan, and (ii) 3:00 p.m., Milwaukee, Wisconsin time, on the date that is three (3) Business Days prior to the proposed date of prepayment of any Adjusted LIBOR RateSOFR Loan.


More Definitions of Adjusted Base Rate Loan

Adjusted Base Rate Loan means a Loan bearing interest at a rate specified in Section 1.3(a) hereof.
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Adjusted Base Rate Loan means any Line of Credit Loan accruing interest at the Adjusted Base Rate.
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Adjusted Base Rate Loan means any Loan which bears interest at or by reference to the Adjusted Base Rate.“Adjusted LIBOR Rate” means, for any Interest Period with respect to an Adjusted LIBOR Rate Loan, a rate per annum
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Adjusted Base Rate Loan a Revolver Loan that bears interest based on the Adjusted Base Rate.
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Related to Adjusted 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 Loan means a Loan that bears interest based on the Base Rate.

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

  • Canadian Base Rate Loan means a Canadian Loan that bears interest at a rate per annum determined by reference to the Canadian Prime Rate.

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

  • Alternate Base Rate Loan means a Loan which bears interest at the Alternate Base Rate or the Default Rate.

  • Alternate Base Rate Loans means Loans that bear interest at an interest rate based on the Alternate Base 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.

  • Floating Rate Loan means a Loan which bears interest at the Floating Rate.

  • Base Rate Advance means an Advance that bears interest at a rate based upon the Base Rate.

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

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

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

  • Canadian Prime Rate Loan means a Tranche B Loan denominated in Canadian Dollars that bears interest based on the Canadian Prime Rate.

  • LIBO Rate Loan means a Loan bearing interest, at all times during an Interest Period applicable to such Loan, at a fixed rate of interest determined by reference to the LIBO Rate (Reserve Adjusted).

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

  • 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.

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

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

  • Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.

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

  • Eurocurrency Base Rate means, for such Interest Period:

  • Revolving Loan has the meaning specified in Section 2.01(a).

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