Examples of Base Margin Loan in a sentence
Such advance shall be a Base Margin Loan and shall be made whether or not any Borrower is in Default or such advance would result in an OverLoan.
Upon the expiration of the Interest Period for any LIBOR Loan which is outstanding on the date of such notification, the amount of such LIBOR Loan shall thereafter constitute a Base Margin Loan.
As to any Revolving Credit Loan, its nature as a Base Margin Loan or a LIBOR Rate Loan.
Each Base Margin Loan: The first day of each month; the Termination Date; and the End Date.
Following the occurrence and during the continuance of any Event of Default (and whether or not the Agent exercises the Agent’s rights on account thereof), all Revolving Credit Loans shall bear interest, at the option of the Agent, at rate which is the aggregate, in the case of Base Margin Loan, of the then applicable Base Margin Rate plus two percent (2%) per annum, and in the case of LIBOR Loans, the then applicable LIBOR Rate plus two percent (2%) per annum.