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.
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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 that portion of the unpaid principal balance of the Loan which is not made up of Fixed Rate Portions.
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Examples of Base Rate Portion in a sentence

  • During the existence of a Default, (i) no Loans may be requested as, converted to or continued as Term SOFR Portion 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.

  • Each Revolving Credit Borrowing of or conversion to a Base Rate Portion shall be in a principal amount of $250,000 or a whole multiple of $50,000 in excess thereof; provided that a Base Rate Portion may be in an amount equal to the Revolving Credit Availability.

  • Each such notice must be received by Administrative Agent not later than 11:00 a.m. (i) three (3) Business Days prior to the requested date of any Revolving Credit 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 Revolving Credit Borrowing of a Base Rate Portion.


More Definitions of Base Rate Portion

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 is defined in Section 2.1(a) hereof.
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Base Rate Portion means each Portion bearing interest based on the Base Rate.
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Base Rate Portion means a Portion as to which Borrowers have elected the rate of interest based on the Base Rate to be applicable.
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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 means any Loan which bears interest at the Base Rate.
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Base Rate Portion means the portion of the Loan made and/or ----------------- being maintained at a rate of interest based upon the Base Rate.
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