Alternate Base Rate Loans definition

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

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Alternate Base Rate Loans. Loans at such time as they are made and/or being maintained at a rate of interest based upon the Alternate Base Rate.

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

Examples of Alternate Base Rate Loans in a sentence

• Upon ▇▇▇▇▇▇▇▇’s receipt of notice of the commencement of a Benchmark Unavailability Period, Borrower may revoke any pending request for a Term SOFR Loan of, conversion to or continuation of Term SOFR Loans to be made, converted or continued during any Benchmark Unavailability Period and, failing that, Borrower will be deemed to have converted any such request into a request for a Term SOFR Loan of or conversion to Alternate Base Rate Loans.

• Upon notice thereof by Agent to Borrower, any obligation of the Lenders to make Term SOFR Loans, and any right of Borrower to continue Term SOFR Loans or to convert Alternate Base Rate Loans to Term SOFR Loans, shall be suspended (to the extent of the affected Term SOFR Loans or affected Interest Periods) until Agent (with respect to clause (b), at the instruction of the Majority Lenders) revokes such notice.

More Definitions of Alternate Base Rate Loans

Alternate Base Rate Loans. Revolving Credit Loans the rate of interest applicable to which is based upon the Alternate Base Rate.

Alternate Base Rate Loans. Revolving Loans hereunder at all times when they bear interest at a rate based upon the Alternate Base Rate.

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

Alternate Base Rate Loans means those Loans which may be made under this Agreement and which are described in Section 2.02(c)(i) on which the Company shall pay interest at a rate based on the Alternate Base Rate.

Alternate Base Rate Loans means Loans bearing interest at rates determined by reference to the Alternate Base Rate as provided in subsection 2.2A.

Alternate Base Rate Loans or “ABR Loans” means any Loans which accrue interest by reference to the Alternate Base Rate, in accordance with the terms of this Agreement.

Alternate Base Rate Loans means loans in U.S. Dollars made by a U.S. Lender to the U.S. Borrower on which the interest rate is calculated with reference to the Alternate Base Rate.