Base Rate Note definition

Base Rate Note means a Note bearing interest, at all times during an Interest Period applicable to such Note, at a rate of interest determined by reference to the Base Rate.
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Base Rate Note means any Note when and to the extent that the interest rate therefor is determined by reference to the Base Rate.
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Base Rate Note means a Note, or portion thereof, that bears interest at a rate determined by reference to the Base Rate.
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Examples of Base Rate Note in a sentence

  • In case an Event of Default shall occur and be continuing, the principal of and accrued interest on this Canadian Base Rate Note may be declared to be due and payable in the manner and with the effect provided in the Credit Agreement.

  • For so long as and to the extent that this Note is a Base Rate Note, interest on this Note shall be computed on the basis of a 365/366-day year and the actual number of days elapsed (including the first and excluding the last day of the period).

  • To the extent that this Note is a Euro-Dollar Rate Note, if an Event of Default shall exist upon the expiration of the Interest Period applicable to this Note, this Note automatically shall be converted into a Base Rate Note.

  • If the affected Eurodollar Note is then outstanding, such Note shall be converted to a Base Rate Note either (i) on the last day of the then current Interest Period applicable to such Eurodollar Note if such Purchaser may lawfully continue to maintain such Note to such date or (ii) immediately if such Purchaser shall determine that it may not lawfully continue to maintain such Eurodollar Note to such date.

  • Such Foreign Borrower shall have executed and delivered to the Administrative Agent a Revolving Note, a Canadian Base Rate Note or a BA Equivalent Note, as the case may be, for the account of each Lender that has requested a Note.

  • Under certain circumstances, this Note, to the extent it is a Euro-Dollar Rate Note, will be converted into a Base Rate Note.

  • This Canadian Base Rate Note shall be construed in accordance with and be governed by the laws of the State of New York without regard to its conflict of laws principles.

  • For the Additional Notes, Company shall deliver to Purchasers a fully executed Funding Notice no later than 10:00 a.m. (New York City time) at least three (3) Business Days prior to the Additional Notes Closing Date (or such later time as may be consented to by Purchasers) in the case of A SOFR Rate Note and at least one Business Day prior to the Additional ​ Notes Closing Date (or such later time as may be consented to by Purchasers) in the case of a Base Rate Note.

  • For the Additional Notes, Company shall deliver to Purchasers a fully executed Funding Notice no later than 10:00 a.m. (New York City time) at least three (3) Business Days prior to the Additional Notes Closing Date (or such later time as may be consented to by Purchasers) in the case of A SOFR Rate Note and at least one Business Day prior to the Additional Notes Closing Date (or such later time as may be consented to by Purchasers) in the case of a Base Rate Note.

  • The Borrower hereby waives presentment, demand, protest or notice of any kind in connection with this Canadian Base Rate Note.


More Definitions of Base Rate Note

Base Rate Note means a promissory note (pagare), in substantially the form of Exhibit B-1 in the case of a xxxx xvidencing Tranche A Term Loans, Exhibit B-3 in the case of a note evidencing Tranche A Revolving Notes, and Exhibit B-5 in the case of a note evidencing Tranche B Loans, in each case executed by Comercial (and signed por aval by Vitrocrisa and in the case of a Base Rate Note evidencing a Tranche A Loan also signed por aval by Vitro) in favor of each relevant Lender.
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Base Rate Note means a promissory note in the form of Exhibit A-1.
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Related to Base Rate Note

  • Fixed Rate Note means any Class A-1 Note, Class A-2a Note, Class A-3 Note or Class A-4 Note.

  • Floating Rate Note means a Note on which interest is calculated at a floating rate, payable in arrear on one or more Interest Payment Dates in each year as may be agreed between the Issuer and the relevant Dealer, as indicated in the applicable Final Terms;

  • Floating Rate Notes means the Class A-2b Notes.

  • Fixed Rate Notes Together, the Class A-1a Notes, the Class A-2 Notes, the Class A-3 Notes, the Class A-4 Notes, the Class B Notes, the Class C Notes, the Class D Notes and the Class E Notes.

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

  • LIBOR Base Rate means, for each Interest Period, the London interbank offered rate for six-month deposits in Dollars for value the first day of such Interest Period (or, in the case of the initial Interest Period, for value the Interest Payment Date occurring on or next preceding the first day of such Interest Period), as reasonably determined by the Bank and expressed as a percentage per annum.

  • Floating Rate Option has the meaning given to it in the ISDA Definitions;