Base Rate Borrowing means a Borrowing bearing interest at the sum of the Base Rate plus the Applicable Margin.
Examples of Base Rate Borrowing in a sentence
At the time that each Base Rate Borrowing is made, such Borrowing shall be in a minimum aggregate amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof.
More Definitions of Base Rate Borrowing
Base Rate Borrowing when used in reference to any Borrowing, refers to whether the Loans comprising such Borrowing are bearing interest at a rate determined by reference to the Applicable Base Rate.
Base Rate Borrowing means a Borrowing of Base Rate Loans made pursuant to a Borrowing Request as provided in Section 2.3(a) or converted from an outstanding Eurocurrency Borrowing or Borrowings pursuant to Section 2.3(b), Section 8.1(b) or Section 8.2.
Base Rate Borrowing means that portion of the principal balance of the Loans at any time bearing interest at the Base Rate.
Base Rate Borrowing has the meaning set forth in the definition of “Borrowing” herein.
Base Rate Borrowing means a Borrowing bearing interest at the SUM of the Base Rate PLUS the Applicable Margin for Base Rate Borrowings. BORROWER is defined in the preamble to this Agreement.
Base Rate Borrowing has the meaning set forth in Section 1.3.
Base Rate Borrowing or “Base Rate Loan” means a Borrowing or Loan, as applicable, that bears interest at a rate based on the Base Rate.