Base Rate Term Loan definition

Base Rate Term Loan means a Term Loan that is a Base Rate Loan.

Base Rate Term Loan means each Term Loan which is designated or deemed designated as a Term Loan bearing interest at the Base Rate by the Borrower at the time of the incurrence thereof or conversion thereto.

Base Rate Term Loan means any Term Loan bearing interest at a rate determined by reference to the Base Rate in accordance with the provisions of Article II.

Examples of Base Rate Term Loan in a sentence

• Any such Notice of Borrowing shall be irrevocable (subject to the last sentence of this Section 4.1.1(d)) and shall specify (A) the amount of the Term Loans to be borrowed (subject to the limits set forth herein), (B) the requested funding date (which must be a Business Day), (C) whether the Borrowing is to be made as a Base Rate Term Loan or a LIBOR Term Loan, and (D) in the case of LIBOR Term Loans, the duration of the applicable Interest Period (which shall be deemed to be 30 days if not specified).

• Any overdue principal of or interest on any Base Rate Term Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the Base Rate for such day plus the Applicable Margin.

• The interest rate shall change whenever the applicable Base Rate, Term Loan Base Rate Margin, Adjusted Eurodollar Rate, or Term Loan Eurodollar Rate Margin changes.

• This may be accomplished by requiring each outstanding LIBOR Rate Term Loans to be converted into a Base Rate Term Loan on the date of each Incremental Term Loan, or by allocating a portion of each Incremental Term Loan to each outstanding LIBOR Rate Term Loan on a pro rata basis.

• Upon the occurrence and during the continuance of any Event of Default, and upon written notice thereof from the Administrative Agent to the Borrower (i) each Eurodollar Term Loan will automatically, on the last day of the then existing Interest Period therefor, convert into a Base Rate Term Loan, and (ii) the obligation of the Lenders to make, continue or convert Loans into Eurodollar Term Loans shall be suspended.

More Definitions of Base Rate Term Loan

Base Rate Term Loan means any portion of a Term Loan during any period in which such portion bears interest based on the Base Rate.

Base Rate Term Loan means each Term Loan which is designated or deemed designated as a Term Loan bearing interest at the Base Rate by Lead Borrower at the time of the incurrence thereof or conversion thereto.

Base Rate Term Loan a Term Loan that bears interest based on the Base Rate. Beneficial Owner: without duplication, any Person who, directly or indirectly, through any contract, arrangement, understanding relationship or otherwise has or shares (a) voting power, which includes the power to vote, or to direct the voting of, such security; and/or (b) investment power, which includes the power to dispose, or to direct the disposition, of such security.

Base Rate Term Loan means the portion of the Term Loans as to which EnergySolutions has elected the Base Rate Basis for the interest rate thereon, in accordance with the provisions of Section 2.2 hereof, and which shall be in a principal amount of at least $5,000,000 and in an integral multiple of $1,000,000.

Base Rate Term Loan means a Term Loan (including a 2012 Incremental Term Loan) that is a Base Rate Loan.

Base Rate Term Loan means a Term Loan bearing interest based on the Base Rate, as provided in Section 2.6(a).

Base Rate Term Loan that portion of the Term Loan for the periods when the rate of interest applicable to such portion of the Term Loan is calculated by reference to the Base Rate.