Base Rate Revolver Loan a Revolver Loan that bears interest based on the Base Rate. Board of Governors: the Board of Governors of the Federal Reserve System.
Base Rate Revolver Loan an ACM-TCM Base Rate Revolver Loan or a Colonial Base Rate Revolver Loan.
Examples of Base Rate Revolver Loan in a sentence
Upon receipt of such notice, Borrower Agent may revoke any pending request for a Borrowing of, conversion to or continuation of a LIBOR Revolver Loan or, failing that, will be deemed to have submitted a request for a Base Rate Revolver Loan.
Overadvance — as defined in Section 2.1.5. Overadvance Loan — a Base Rate Revolver Loan made when an Overadvance exists or is caused by the funding thereof.
Overadvance: as defined in Section 2.1.5. Overadvance Loan: a Base Rate Revolver Loan made when an Overadvance exists or is caused by the funding thereof.
Upon receipt of such notice, Borrower Agent may revoke any pending request for a LIBOR Revolver Loan or, failing that, will be deemed to have requested a Base Rate Revolver Loan.
Base Rate Revolver Loan - a Revolver Loan that bears interest based on the Base Rate.
More Definitions of Base Rate Revolver Loan
Base Rate Revolver Loan a Revolver Loan that bears interest based on the Base Rate. Blocked Account: any Deposit Account subject to a Blocked Account Agreement.
Base Rate Revolver Loan means a Revolver Loan, or portion thereof, during any period in which it bears interest at a rate based upon the Base Rate.
Base Rate Revolver Loan a Revolver Loan that bears interest based on the Base Rate. Beneficial Ownership Certification: a certification regarding beneficial ownership required by the Beneficial Ownership Regulation. Beneficial Ownership Regulation: 31 C.F.R. § 1010.230. Benefit Plan: any of (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan.” Board of Governors: the Board of Governors of the Federal Reserve System.
Base Rate Revolver Loan a Revolver Loan that bears interest based on the Base Rate. Beneficial Ownership Certification: a certification regarding beneficial ownership required by the Beneficial Ownership Regulation. Beneficial Ownership Regulation: 31 C.F.R. § 1010.230.
Base Rate Revolver Loan a Revolver Loan that bears interest based on the U.S. Base Rate. U.S. Borrowers: as defined in the preamble to this Agreement. U.S. Borrowing Base: on any date of determination, an amount equal to the lesser of (a) the result of: (i) the Maximum U.S. Facility Amount, minus (ii) the U.S. LC Reserve, minus (iii) the Canadian Overadvance Loan Balance, if any, outstanding on such date, minus (iv) the U.K./Dutch Overadvance Loan Balance, if any, outstanding on such date, minus (v) the German Overadvance Loan Balance, if any, outstanding on such date; or (b) the result of: (i) the U.S. Accounts Formula Amount, plus (ii) the U.S. Inventory Formula Amount, plus (iii) the U.S. Trademark Formula Amount, plus (iv) the U.S. Real Estate Formula Amount, plus (v) 100% of the amount of U.S. Pledged Cash, plus (vi) the lesser of (A) 85% of the Bays NOLV of Eligible Toptracer Bays of the U.S. Borrowers, and (B) the aggregate per bay unit cost of Eligible Toptracer Bays of the U.S. Borrowers as set forth on the U.S. Borrowers’ books and records, plus (vi) the Mexican Inventory Formula Amount, plus (vii) the U.K. Inventory Formula Amount, minus (viii) the U.S. Availability Reserve; provided, that clause (b)(iv) above may be removed from such calculation in accordance with Section 2.1.4(d). Notwithstanding the forgoing, the aggregate amount of the U.K./Dutch Borrowing Base and U.S. Borrowing Base which may be attributed to Eligible Toptracer Bays shall not exceed the lesser of (x) $50,000,000 and (y) an amount equal to 10% of the Maximum Facility Amount.
Base Rate Revolver Loan a Revolver Loan that bears interest based on the Base Rate. Board of Governors: the Board of Governors of the Federal Reserve System. Borrowing: a group of Loans of one Type that are made on the same day or are converted into Loans of one Type on the same day. Borrowing Base: on any date of determination, an amount equal to the lesser of (a) the aggregate amount of Revolver Commitments, minus the LC Reserve; or (b) (i) the sum of the Accounts Formula Amount plus the Rolling Stock Formula Amount, minus (ii) the Availability Reserve.