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
During such periods as such Loan is a Base Rate Revolving Loan, a rate per annum equal at all times to the sum of (x) the Base Rate plus (y) the Applicable Margin for Base Rate Loans in effect from time to time, payable in arrears quarterly on the last day of each March, June, September and December during such periods and on the date such Base Rate Loan shall be Converted or paid in full.
More Definitions of Base Rate Loan
Base Rate Loan means a Revolving Credit Loan or a Term Loan that bears interest based on the Base Rate.
Base Rate Loan means a Loan bearing interest at a fluctuating rate determined by reference to the Alternate Base Rate.
Base Rate Loan means a Committed Loan that bears interest at the Base Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election or the last sentence of Section 2.08(a) or Article 8.
Base Rate Loan means a Loan that bears interest as provided in Section 2.11(a).
Base Rate Loan means a Loan bearing interest at a rate specified in Section 1.4(a) hereof.