Base Rate Portion definition

Base Rate Portion of any Loan or Loans shall mean at any time the portion, including the whole, of such Loan or Loans bearing interest at such time (i) under the Base Rate Option or (ii) in accordance with Section 2.09(c)(ii) hereof. If no Loan or Loans is specified, "Base Rate Portion" shall refer to the Base Rate Portion of all Loans outstanding at such time.

Base Rate Portion means a Loan or a portion thereof which bears, or is to bear, interest at the Adjusted Base Rate.

Base Rate Portion means that portion of the unpaid principal balance of any Loan which is not made up of Fixed Rate Portions.

Examples of Base Rate Portion in a sentence

• Each such notice must be received by Administrative Agent not later than 12:00 noon (i) three (3) Business Days prior to the requested date of any Borrowing of, conversion to or continuation of a Term SOFR Portion or of any conversion of a Term SOFR Portion to a Base Rate Portion and (ii) on the requested date of any Borrowing of a Base Rate Portion.

• Within the foregoing limits, and subject to the other terms and conditions hereof, Borrower may borrow under this Section 2.2, prepay under Section 2.8(b), and reborrow under this Section 2.2. Each Swing Line Loan shall bear interest as a Base Rate Portion.

• During the existence of a Default, (i) no Loans may be requested as, converted to or continued as Term SOFR Portions without the consent of the Required Lenders and (ii) unless repaid, each Term SOFR Portion shall be converted to a Base Rate Portion at the end of the Interest Period applicable thereto.

More Definitions of Base Rate Portion

Base Rate Portion means each Portion bearing interest based on the Base Rate.

Base Rate Portion is defined in Section 2.1(a) hereof.

Base Rate Portion means, at any time, a Portion of the Term Loan which then bears interest at a rate specified in clause (i) of Section 2.02(c).

Base Rate Portion means a portion of a Term Loan Borrowing or a Term Loan bearing interest based upon the Base Rate.

Base Rate Portion means a Portion as to which the applicable rate of interest is based on the Base Rate.

Base Rate Portion means that portion of the unpaid principal balance of a Loan which is not made up of Eurodollar Portions, Swing Line Advances or Competitive Bid Advances.

Base Rate Portion means any Loan which bears interest at the Base Rate.