Base Lending Rate Portion definition

Base Lending Rate Portion means any portion of any Loan designated by a Borrower as bearing interest at the Base Lending Rate pursuant to Section 2.5 or 2.6.
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Base Lending Rate Portion means any portion of the Loan ------------------------- bearing interest at the Base Lending Rate. "Base LIBOR" applicable to any Interest Period for a LIBOR ---------- Lending Rate Portion means the offered rate per annum (rounded upward to the nearest one-hundredth of one percent (.01%)), if any, to banks in the LIBOR market quoted by Bank at 11:00 a.m. California time, two (2) LIBOR Business Days prior to the first day of such Interest Period for Dollar deposits of an amount comparable to the principal amount of the LIBOR Lending Rate Portion for which the LIBOR Lending Portion is being determined with maturities comparable to the Interest Period for which such LIBOR Lending Rate will apply.
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Examples of Base Lending Rate Portion in a sentence

  • Any and all interest not paid when due shall thereafter be deemed to be a Revolving Loan as a Base Lending Rate Portion made under Section 2.1 and shall bear interest thereafter as provided for in Section 2.4(b).

  • Interest shall accrue from the Closing Date to the date of repayment of the Loans in accordance with the provisions of this Agreement; provided, however, if a Loan is repaid on the same day on which it is made, then one (1) day’s interest shall be paid as a Base Lending Rate Portion on that Loan.

  • Any and all interest not paid when due shall, at Lender's option, thereafter be deemed to be a Revolving Loan as a Base Lending Rate Portion made under Section 1.1.1 and shall bear interest thereafter as provided for in Subsection 1.1.4, plus default interest if payable pursuant to Section 1.2.2 hereof.

  • Subject to the terms and conditions hereof, Bank -------- agrees to make a loan to Borrower on the Closing Date in the principal amount of Five Million Dollars ($5,000,000) as a Base Lending Rate Portion.

  • Interest shall accrue from the Closing Date to the date of repayment of the Loans in accordance with the provisions of this Agreement; provided, however, if a Loan is repaid on the same day on which it is made, then one (1) day's interest shall be paid as a Base Lending Rate Portion on that Loan.

  • The undersigned hereby requests a Borrowing as follows: $__________ Base Lending Rate Portion; $__________ LIBOR Lending Rate Portion with an Interest Period of __ [1, 2, 3, or 6] months and expiring on __________, 20__ ($1,000,000 minimum); $__________ Total The undersigned requests that such Borrowing be made available on __________, 20__.

  • Any and all interest not paid when due shall thereafter be deemed to be a Revolving Loan as a Base Lending Rate Portion made under Section 2.1 and shall bear interest thereafter as provided for in Section 2.4(e).

  • Borrower shall give Administrative Agent at least one (1) Business Day’s prior written notice of any prepayment of a Base Lending Rate Portion and at least three (3) LIBOR Business Days’ prior written notice of any prepayment of a LIBOR Lending Rate Portion, upon receipt of which, Administrative Agent shall promptly give notice to each Term Loan Lender.

  • Any and all interest not paid when due shall, at Agent’s option, thereafter be deemed to be a Revolving Loan as a Base Lending Rate Portion made under Section 1.1.1 and shall bear interest thereafter as provided for in Subsection 1.1.4. For instance, if the Borrower borrows $5,000,000.00 on Monday at 10:00 a.m. where the relevant interest rate is five percent and repays all of the amount borrowed on Wednesday at 10:00 a.m. the amount to be paid by Borrower is $5,001,388.88.

  • Any and all interest not paid when due shall thereafter be deemed to be a Revolving Loan as a Base Lending Rate Portion made under Section 2.1 and shall bear interest thereafter as provided for in Section 2.3(b).

Related to Base Lending Rate Portion

  • Applicable Revolving Credit Percentage means with respect to any Revolving Credit Lender at any time, such Revolving Credit Lender’s Applicable Percentage in respect of the Revolving Credit Facility at such time.

  • Applicable Unused Line Fee Percentage means, as of any date of determination, the applicable percentage set forth in the following table that corresponds to the Average Revolver Usage of Borrowers for the most recently completed fiscal quarter as determined by Administrative Agent in its Permitted Discretion; provided, that for the period from the Closing Date through and including September 30, 2017, the Applicable Unused Line Fee Percentage shall be set at the rate in the row styled “Level II”; provided further, that any time an Event of Default has occurred and is continuing, the Applicable Unused Line Fee Percentage shall be set at the margin in the row styled “Level II”: Level Average Revolver Usage Applicable Unused Line Fee Percentage I > 50% of the Maximum Revolver Amount 0.375% II < 50% ofthe Maximum Revolver Amount 0.50% The Applicable Unused Line Fee Percentage shall be re-determined on the first day of each fiscal quarter by Administrative Agent.

  • Applicable Unused Commitment Fee Rate means 0.50% per annum.

  • Applicable Multicurrency Percentage means, with respect to any Multicurrency Lender, the percentage of the total Multicurrency Commitments represented by such Multicurrency Lender’s Multicurrency Commitment. If the Multicurrency Commitments have terminated or expired, the Applicable Multicurrency Percentages shall be determined based upon the Multicurrency Commitments most recently in effect, giving effect to any assignments.

  • Applicable Percentage means, with respect to any Lender, the percentage of the total Commitments represented by such Lender’s Commitment. If the Commitments have terminated or expired, the Applicable Percentages shall be determined based upon the Commitments most recently in effect, giving effect to any assignments.

  • Revolving Commitment Percentage means, for each Lender, a fraction (expressed as a decimal) the numerator of which is the Revolving Commitment of such Lender at such time and the denominator of which is the Aggregate Revolving Committed Amount at such time. The initial Revolving Commitment Percentages are set out on Schedule 2.1(a).

  • Applicable Commitment Fee Rate means:

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

  • Applicable Commitment Fee Rate shall mean the percentage rate per annum based on the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Commitment Fee.”

  • Commitment Fee Percentage means, with respect to the Revolving Loan Commitments at any time, the per annum percentage which is used to calculate Commitment Fees for such Revolving Loan Commitments determined pursuant to the Pricing Grid.

  • Base Rate Option means the option of the Borrower to have Loans bear interest at the rate and under the terms set forth in Section 4.1.1(a)(i) [Revolving Credit Base Rate Option].

  • Revolving Credit Commitment Percentage means, as to any Revolving Credit Lender at any time, the ratio of (a) the amount of the Revolving Credit Commitment of such Revolving Credit Lender to (b) the Revolving Credit Commitment of all the Revolving Credit Lenders.

  • Revolving Loan Commitment Percentage means, as to any Lender, (a) on the Closing Date, the percentage set forth opposite such Lender’s name on the Commitment Annex under the column “Revolving Loan Commitment Percentage” (if such Lender’s name is not so set forth thereon, then, on the Closing Date, such percentage for such Lender shall be deemed to be zero), and (b) on any date following the Closing Date, the percentage equal to the Revolving Loan Commitment Amount of such Lender on such date divided by the Revolving Loan Commitment on such date.

  • Unused Portion has the meaning assigned to that term in Section 2.09(a).

  • Revolving Credit Period means the period from and including the Effective Date to but excluding the Termination Date.