Benchmark Loan definition

Benchmark Loan means any Advance which bears interest at or by reference to the Benchmark.
Benchmark Loan. Any Revolving Loan which bears interest at the Benchmark, other than pursuant to clause (c) of the definition of Base Rate.
Benchmark Loan. Any Revolving Loan which bears interest at the Benchmark.

Examples of Benchmark Loan in a sentence

  • Wherever in this Agreement in connection with a Borrowing, conversion, continuation or prepayment of a Term Benchmark Loan or RFR Loan or the issuance, amendment or extension of a Letter of Credit, an amount, such as a required minimum or multiple amount, is expressed in Dollars, but such Borrowing, Loan or Letter of Credit is denominated in a Foreign Currency, such amount shall be the relevant Foreign Currency Equivalent of such Dollar amount (rounded to the nearest 1,000 units of such Foreign Currency).

  • Each Term Benchmark Loan shall be denominated in an Agreed Foreign Currency (other than GBP) or Dollars.

  • An increase in interest rates and Letter of Credit Issuance Fees as aforesaid arising from a Borrowing Base Shortfall or an Event of Default applies to all outstanding Advances under the Credit Facilities and will on the Pricing Change Effective Date apply proportionately to each Benchmark Loan and Letter of Credit outstanding at such time on the basis of the number of days remaining in the term to maturity of each such Advance.

  • Each Term Benchmark Loan shall be denominated in an Agreed Foreign Currency (other than GBP or CHF) or Dollars.

  • If the early termination of any Benchmark Loan is required hereunder, the Borrower will pay to the Lenders all expenses and out-of-pocket costs incurred by the Lenders as a result of the early termination of such Benchmark Loan, including expenses and out-of-pocket costs incurred due to early redemption of offsetting deposits.


More Definitions of Benchmark Loan

Benchmark Loan means a Loan in the amount of $14,500,000 made by Lender to Borrower under this Agreement in order to consummate the Benchmark Acquisition.
Benchmark Loan. – means the portion of the Loan which is subject to a Calculated Rate. In the event Borrower is subject to a principal amortization schedule under the terms and conditions of the Loan Documents, the Benchmark Portion for any calendar month shall not include the amount of any principal prepayment required to be made during such calendar month pursuant to Section 2.12.
Benchmark Loan means any Loan that bears interest with reference to any Benchmark (or any Benchmark Replacement thereof).
Benchmark Loan any Daily Simple SOFR Loan or Cumulative Compounded RFR Rate Loan.
Benchmark Loan means (a) any SOFR Loan; provided that if a Benchmark Transition Event has occurred with respect to the Term SOFR Reference Rate or the then-current Benchmark Replacement thereof, then “Benchmark” means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior benchmark rate pursuant to Section 13.4; and (b) any CAD Benchmark Loan.
Benchmark Loan means a Loan (or any portion thereof) bearing interest at a rate based on Benchmark.