Base Rate Refunding Loan definition

Base Rate Refunding Loan means a Base Rate Loan or Swing Line Loan made either to (i) satisfy Reimbursement Obligations arising from a drawing under a Letter of Credit or (ii) pay NationsBank in respect of Swing Line Outstandings.
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Base Rate Refunding Loan means a Base Rate Loan made to satisfy Reimbursement Obligations arising from a drawing under a Letter of Credit.
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Base Rate Refunding Loan means a Base Rate Revolving Credit Loan made to satisfy Reimbursement Obligations arising from a drawing under a Letter of Credit.
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Examples of Base Rate Refunding Loan in a sentence

  • If such notice to the Lenders is given by the Agent after 12:00 noon on any Business Day, each Lender shall either make such Base Rate Refunding Loan or fund such purchase before 12:00 noon on the next following Business Day.

  • Any Advance made by a Lender pursuant to demand of Bank of America of the purchase price of its Participation shall when made be deemed to be (i) provided that the conditions to making Revolving Loans shall be satisfied, a Base Rate Refunding Loan under Section 2.2, and (ii) in all other cases, the funding by each Lender of the purchase price of its Participation in such Swing Line Loan.

  • Upon demand made by NationsBank, each Lender (including NationsBank) shall, according to its Lender's Applicable Commitment Percentage of such Swing Line Loan, promptly provide to NationsBank its purchase price therefor in an amount equal to its Participation therein, in which case such Swing Line Loan shall be deemed from and after such date (to the extent Borrower has not Converted such loan pursuant to SECTION 2.8) a Base Rate Refunding Loan made in accordance with this Agreement.

  • Any Advance made by a Lender pursuant to demand of Bank of America of the purchase price of its Participation shall when made be deemed to be (i) provided that the conditions to making Revolving Loans shall be satisfied, a Base Rate Refunding Loan under SECTION 2.1, and (ii) in all other cases, the funding by each Lender of the purchase price of its Participation in such Swing Line Loan.


More Definitions of Base Rate Refunding Loan

Base Rate Refunding Loan means a Base Rate Loan or Swing Line Loan made either to (i) satisfy Reimbursement Obligations arising from a drawing under a Letter of Credit or (ii) pay Bank of America in respect of Swing Line Outstandings.
Sample 1Sample 2Sample 3
Base Rate Refunding Loan means a Base Rate Loan made to pay the Swing Line Lender in respect of Swing Line Outstandings.
Sample 1Sample 2
Base Rate Refunding Loan means an Advance under the Bridge Facility which bears interest at a Base Rate made to satisfy Reimbursement Obligations arising from a drawing under a Letter of Credit.
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Related to Base Rate Refunding Loan

  • Base Rate Loan means a Loan that bears interest based on the Base Rate.

  • Revolving Loan Maturity Date means April 15, 2012, unless extended by Lender pursuant to any modification, extension or renewal note executed by Borrowers and accepted by Lender in its sole and absolute discretion in substitution for the Revolving Note.

  • Revolving Loans shall have the meaning assigned to such term in Section 2.1(a).

  • LIBOR Rate Loan means a Loan that bears interest based on LIBOR.