Base Rate Loan means a Loan that bears interest based on the Base Rate. All Base Rate Loans shall be denominated in Dollars.
Examples of Base Rate Loan in a sentence
Until each Revolving Lender funds its Base Rate Loan or risk participation pursuant to this Section 2.04 to refinance such Revolving Lender’s Applicable Revolving Percentage of any Swingline Loan, interest in respect of such Applicable Revolving Percentage shall be solely for the account of the Swingline Lender.
More Definitions of Base Rate Loan
Base Rate Loan means any Loan bearing interest at a rate based upon the Base Rate as provided in Section 5.1(a).
Base Rate Loan means a Loan bearing interest at a fluctuating rate determined by reference to the Alternate Base Rate.
Base Rate Loan means (i) a Committed Loan which bears interest at the Base Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election or the provisions of Article VIII or (ii) an overdue amount which was a Base Rate Loan immediately before it became overdue.
Base Rate Loan means a Revolving Credit Loan or a Term Loan that bears interest based on the Base Rate.