Base Rate Advance definition

Base Rate Advance means an Advance that bears interest as provided in Section 2.07(a)(i).

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Base Rate Advance means an Advance that bears interest at a rate based upon the Base Rate.

Base Rate Advance means an Advance denominated in Dollars that bears interest as provided in Section 2.07(a)(i).

Examples of Base Rate Advance in a sentence

The payment by an Issuing Bank of a draft drawn under any Letter of Credit shall constitute for all purposes of this Agreement the making by any such Issuing Bank of a Revolving Credit Advance, which, in the case of Letters of Credit denominated in Dollars, shall be a Base Rate Advance, in the amount of such draft or, in the case of a Letter of Credit denominated in any Alternative Currency, shall be a Base Rate Advance in the Equivalent in Dollars on such fifth Business Day for the amount of such draft.
During such periods as such Revolving Credit Advance is a Base Rate Advance, a rate per annum equal at all times to the sum of (x) the Base Rate in effect from time to time plus (y) the Applicable Margin in effect from time to time, payable in arrears quarterly on the last Business Day of each March, June, September and December during such periods and on the date such Base Rate Advance shall be Converted or paid in full.
During such periods as such Advance is a Base Rate Advance, a rate per annum equal at all times to the sum of (x) the Base Rate in effect from time to time plus (y) the Applicable Margin in effect from time to time, payable in arrears quarterly on the last Business Day of each March, June, September and December during such periods and on the date such Base Rate Advance shall be Converted or paid in full.

More Definitions of Base Rate Advance

Base Rate Advance means a Revolving Credit Advance that bears interest as provided in Section 2.06(a)(i).

Base Rate Advance means an Advance that bears interest as provided in Section 2.06(a)(i).

Base Rate Advance means a Revolving Credit Advance that bears interest as provided in Section 2.07(a)(i).

Base Rate Advance means an Advance which the Borrower requests to be made as a Base Rate Advance or is Converted to a Base Rate Advance, in accordance with the provisions of Section 2.2 hereof, and which shall be in a principal amount of at least $1,000,000.00 and in an integral multiple of $500,000.00.

Base Rate Advance means a Revolving Credit Advance denominated in Dollars that bears interest as provided in Section 2.07(a)(i).

Base Rate Advance means an Advance made hereunder and specified to be a Base Rate Advance in accordance with Article 2.

Base Rate Advance means a Pro Rata Advance that bears interest as provided in Section 2.04(a)(i).