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 (a) under the Base Rate Option or (b) in accordance with Section 4.05(b)(ii)(A) 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.
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Base Rate Portion means a Loan or a portion thereof which bears, or is to bear, interest at the Adjusted Base Rate.
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Base Rate Portion means each Portion bearing interest based on the Base Rate.
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Examples of Base Rate Portion in a sentence

  • Each such Revolving Credit Loan shall be secured by all of the Collateral and shall constitute a Base Rate Portion.

  • If a Borrower shall fail to give timely notice of its election to continue any LIBOR Portion or portion thereof as provided above, or if such continuation shall not be permitted, such LIBOR Portion or portion thereof, unless such LIBOR Portion shall be repaid, shall automatically be converted into a Base Rate Portion at the end of the Interest Period then in effect with respect to such LIBOR Portion.

  • Any change in the interest rate on the Base Rate Portion resulting from a change in the Base Rate shall be effective on the date of the relevant change in the Base Rate.

  • Standard Notice having been so provided, on the date specified in such Standard Notice, the principal amounts of the Base Rate Portion and each part of the Euro-Rate Portion specified in such notice, together with interest on each such principal amount to such date, shall be due and payable.

  • If Borrower Representative shall fail to give timely notice of its election to continue any LIBOR Portion or portion thereof as provided above, or if such continuation shall not be permitted, such LIBOR Portion or portion thereof, unless such LIBOR Portion shall be repaid, shall automatically be converted into a Base Rate Portion at the end of the Interest Period then in effect with respect to such LIBOR Portion.


More Definitions of Base Rate Portion

Base Rate Portion is defined in Section 2.1(a) hereof.
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Base Rate Portion means, at any time, any portion of the Term Loan Borrowing or any portion of any Term Loan which then bears interest at a rate specified in clause (i) of Subparagraph 2.03(d).
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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.
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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.
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Base Rate Portion means, at any time, a Portion of a Term Loan Borrowing, or a Term Loan, as the case may be, which then bears interest at a rate specified in Section 2.01(d)(i).
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Base Rate Portion means any portion of the unpaid principal balance of the Loan which is not a Fixed Rate Portion.
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Base Rate Portion means a Portion as to which the applicable rate of ----------------- interest is based on the Base Rate.
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