Base Rate Amendment definition

Base Rate Amendment. The meaning specified in Section 8.1(a)(xxiv). For the avoidance of doubt, the Supplemental Indenture dated as of the Base Rate Amendment Date is a Base Rate Amendment.
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Base Rate Amendment. The meaning specified in Section 8.1(xxviii).
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Base Rate Amendment. The meaning specified in Section 8.1(a)(xxiv).
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Examples of Base Rate Amendment in a sentence

  • A LIBOR Determination Date, or, in the event of a Base Rate Amendment, such other date as specified therein.

  • According to the Base Rate Amendment Dates provided in the Agreement, the Bank shall determine the new Base Rate proceeding from the Base Rate published on the website of the Bank on the said dates and this shall apply until the next Base Rate Amendment Date.

  • On the Base Rate Amendment Date the Bank will fix the new Base Rate on the basis of the Base Rate published 2 banking days before the said date, and it will remain valid until the next Base Rate Amendment Date.

  • The alternative base rate (which shall be the Designated Base Rate or the Market Replacement Rate unless a Majority of the Controlling Class and a Majority of the Subordinated Notes shall consent to any other alternative base rate in accordance with Section 8.1(a)(xix)) selected by the Collateral Manager to replace LIBOR pursuant to a Base Rate Amendment.

  • A modification of “LIBOR” as described above shall be effected as a Base Rate Amendment pursuant to Section 8.1.

  • Following a LIBOR Disruption Event with respect to the non-Benchmark Replacement Notes, the Collateral Manager shall, upon written notice to the Issuer and the Trustee, propose an Alternate Reference Rate that is either (x) a Designated Base Rate or a Market Replacement Rate or (y) an Alternate Reference Rate to be adopted pursuant to a Base Rate Amendment.

  • For each Class of Secured Notes and each Interest Accrual Period, (A) LIBOR or (B) if a Base Rate Amendment is entered into, for each Interest Accrual Period commencing after the execution and effectiveness of such Base Rate Amendment, the Alternative Base Rate.

  • Notwithstanding anything else in this definition to the contrary, if while any Secured Notes are Outstanding, the Collateral Manager reasonably determines that LIBOR ceases to exist or be reported (or actively updated) on Bloomberg Financial Markets Commodities News, LIBOR will be LIBOR as determined on the previous Interest Determination Date until such time as the Collateral Manager selects an Alternative Base Rate, a Designated Base Rate or a Base Rate Amendment has been executed.

  • A modification of “LIBOR” as described above shall be effected as a Base Rate Amendment pursuant to Section 8.1. iii.

  • The alternative base rate (which shall be the Designated Base Rate or the Market Replacement Rate) selected by the Collateral Manager to replace the LIBOR Rate pursuant to a Base Rate Amendment.


More Definitions of Base Rate Amendment

Base Rate Amendment has the meaning specified in Section 13(a) hereof.
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Base Rate Amendment. The meaning specified in Section 8.1(xxv).
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Related to Base Rate Amendment

  • Incremental Facility Amendment has the meaning specified in Section 2.14(d).

  • ESG Amendment has the meaning specified in Section 2.18.

  • Incremental Term Loan Amendment has the meaning assigned to such term in Section 2.20.

  • Additional Credit Extension Amendment means an amendment to this Agreement providing for any Incremental Commitments which shall be consistent with the applicable provisions of this Agreement relating to such Incremental Commitments and otherwise reasonably satisfactory to the Administrative Agent and the Borrower.

  • Incremental Term Loan Assumption Agreement means an Incremental Term Loan Assumption Agreement in form and substance reasonably satisfactory to the Administrative Agent, among the Borrower, the Administrative Agent and one or more Incremental Term Lenders.

  • Term Loan Extension Request has the meaning set forth in Section 2.16(a).

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

  • Incremental Facility Agreement means an Incremental Facility Agreement, in form and substance reasonably satisfactory to the Administrative Agent, among the Borrower, the Administrative Agent and one or more Incremental Lenders, establishing Incremental Term Loan Commitments of any Series or Incremental Revolving Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.20.

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

  • Third Amendment Date means June 23, 2020.

  • Incremental Commitment Agreement means each Incremental Commitment Agreement in the form of Exhibit R (appropriately completed) executed and delivered in accordance with Section 2.14.

  • Incremental Revolving Credit Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain revolving credit loans to one or more Borrowers.

  • Refinancing Amendment means an amendment to this Agreement in form and substance reasonably satisfactory to the Administrative Agent and the Borrower executed by each of (a) the Borrower and Holdings, (b) the Administrative Agent and (c) each Additional Lender and Lender that agrees to provide any portion of the Credit Agreement Refinancing Indebtedness being incurred pursuant thereto, in accordance with Section 2.21.

  • Incremental Term Loan Note means a promissory note made by the Borrower in favor of an Incremental Term Lender evidencing the Incremental Term Loans made by such Incremental Term Lender, and any amendments, supplements and modifications thereto, any substitutes therefor, and any replacements, restatements, renewals or extension thereof, in whole or in part.

  • Incremental Term Loan Maturity Date means the final maturity date of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • L/C Amendment Application means an application form for amendment of outstanding Letters of Credit as shall at any time be in use at the Issuing Bank, as the Issuing Bank shall request.

  • Specified Existing Revolving Credit Commitment shall have the meaning provided in Section 2.14(g)(ii).

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

  • First Amendment Date means February 21, 2019.

  • Revolver Extension Request has the meaning set forth in Section 2.16(b).

  • Revolving Credit Base Rate Option A fluctuating rate per annum (computed on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed) equal to the Base Rate plus the Applicable Margin, such interest rate to change automatically from time to time effective as of the effective date of each change in the Base Rate; or

  • Commitment Increase Effective Date has the meaning set forth in Section 2.02(b).

  • Notice of Revolving Credit Advance has the meaning ascribed to it in Section 1.1(a).

  • Incremental Revolving Credit Commitments has the meaning set forth in Section 2.14(a).

  • Incremental Term Loan Borrowing Date means, with respect to each Class of Incremental Term Loans, each date on which Incremental Term Loans of such Class are incurred pursuant to Section 2.01(b) and as otherwise specified in any amendment providing for Incremental Term Loans in accordance with Section 2.22.

  • Second Amendment Date means February 26, 2019.