Alternate Rate Loan means the Loan at such time as interest thereon accrues at a per annum rate of interest equal to the Alternate Rate.
Examples of Alternate Rate Loan in a sentence
The Interest Rate with respect to each Note of the Loan shall be: (A) the SOFR Rate with respect to the applicable Interest Period if the Loan is a SOFR Loan, (B) the Alternate Rate with respect to the applicable Interest Period if the Loan is an Alternate Rate Loan or (C) the Prime Rate with respect to the applicable Interest Period if the Loan is a Prime Rate Loan, in each case determined by Lender as of the Determination Date.
More Definitions of Alternate Rate Loan
Alternate Rate Loan means any Loan at such time as interest thereon accrues at a per annum rate of interest based on the Benchmark Replacement.
Alternate Rate Loan means the Loan at such time as interest thereon accrues at a per annum rate of interest equal to the Alternate Index plus the Alternate Rate Spread.
Alternate Rate Loan means the Loan at such time as interest thereon accrues at a per annum rate of interest equal to the Alternate Rate for the Note (or each Component, as applicable).
Alternate Rate Loan means the Loan at such time as interest thereon accrues at a per annum rate of interest equal to the Alternate Rate
Alternate Rate Loan means the Loan at such time as interest thereon accrues at a per annum rate of interest equal to the Alternate Rate. “Anti-Money Laundering Laws” shall have the meaning assigned thereto in Section 6.28.
Alternate Rate Loan as defined in subsection 3.18.
Alternate Rate Loan when used in reference to any Loan, refers to whether the Loans comprising such Borrowing are bearing interest at a rate determined by reference to the Applicable Alternate Rate.