Alternate Base Rate Borrowing definition

Alternate Base Rate Borrowing means that portion of the principal balance of the Loans at any time bearing interest at the Alternate Base Rate.

Alternate Base Rate Borrowing means any Borrowing of ABR Rate Loans.

Alternate Base Rate Borrowing means a Borrowing consisting of Alternate Base Rate Loans.

Examples of Alternate Base Rate Borrowing in a sentence

• Notwithstanding any contrary provision hereof, if an Event of Default exists and the Administrative Agent, at the request of the Required Lenders, so notifies the Borrower Representative, then, so long as such Event of Default exists (x) no outstanding Borrowing may be converted to or continued as a LIBO Rate Borrowing, and (y) unless repaid, each LIBO Rate Borrowing shall be converted to an Alternate Base Rate Borrowing at the end of the then-current Interest Period applicable thereto.

• Each Swingline Loan shall be an Alternate Base Rate Borrowing and shall in any event mature no later than the Revolving Credit Termination Date.

• Prepayments applied to any Alternate Base Rate Borrowing may be made on any Business Day, provided that the Company shall have given the Agent at least five (5) Business Days prior irrevocable written notice or notice by telephone or facsimile (which is to be promptly confirmed in writing) of such prepayment, specifying the principal amount of the Alternate Base Rate Borrowing to be prepaid and the prepayment date.

• If no election as to the Type of Borrowing is specified, then the requested Borrowing shall be an Alternate Base Rate Borrowing or, in the case of a Canadian Revolving Loan, a Canadian Prime Rate Borrowing, as applicable.

• The Loans comprising each Canadian Alternate Base Rate Borrowing shall bear interest at the Canadian Alternate Base Rate.

More Definitions of Alternate Base Rate Borrowing

Alternate Base Rate Borrowing means a Borrowing consisting of Alternate Base Rate Advances.

Alternate Base Rate Borrowing means a Borrowing comprised of Alternate ----------------------------- Base Rate Loans.

Alternate Base Rate Borrowing means a Borrowing comprised of Alternate Base Rate Loans. “Alternate Base Rate Loan” shall mean any Loan bearing interest at a rate determined by reference to theAlternate Base Rate in accordance with the provisions of Article II.

Alternate Base Rate Borrowing the portion of the outstanding principal balance of a Servicing Note, Warehousing Note, Working Capital Note or Discretionary Note that bears interest as provided in Section 2.05(a)(ii).

Alternate Base Rate Borrowing means, as of any date, that portion of ----------------------------- the principal balance of the Advances bearing interest at the Alternate Base Rate as of such date. Amendment Fee, with respect to any Bank, shall have the meaning specified ------------- in Section 2.3(b). -------------- Amendment, Ratification and Confirmation shall mean that certain Amendment, ---------------------------------------- Ratification and Confirmation of even date herewith, in form and substance satisfactory to the Agent, executed by the parties thereto, pursuant to which, among other things, the Borrower and Current Guarantors ratify and confirm the existing Security Agreements, each Guarantor consents to this Agreement and ratifies and confirms its existing Guaranty, and the Security Agreements are amended as provided therein.

Alternate Base Rate Borrowing means as of any date, that portion of the principal balance of the Loans bearing interest at the Alternate Base Rate as of such date.

Alternate Base Rate Borrowing means a Borrowing comprised of Alternate Base Rate Loans. “Alternate Base Rate Loan” shall mean any Loan bearing interest at a rate determined by reference to the Alternate Base Rate in accordance with the provisions of Article II. “Applicable Percentage” shall mean, for any day, the rate per annum set forth below opposite the applicable level then in effect, it being understood that the Applicable Percentage for (i) Loans that are LIBOR Rate Loans shall be the percentage set forth under the column “LIBOR Rate Margin for Loans and Letter of Credit Fee,” (ii) Loans that are Alternate Base Rate Loans shall be the percentage set forth under the column “Alternate Base Rate Margin for Loans,” (iii) the Letter of Credit Fee shall be the percentage set forth under the column “LIBOR Rate Margin for Loans and Letter of Credit Fee,” and (iv) the Commitment Fee shall be the percentage set forth under the column “Commitment Fee”: 2 Level Leverage Ratio LIBOR Rate Margin for Loans and Letter of Credit Fee Alternate Base Rate Margin for Loans Commitment Fee < 3.00 to 1.00 < 2.00 to 1.00 III < 1.00 to 1.00 1.00% 0.00% 0.20%