Domestic Base Rate Loan means a Domestic Revolving Loan, a U.K. Revolving Loan, or a PR Revolving Loan that bears interest based on the Domestic Base Rate. All Domestic Base Rate Loans are only available to Ryder, the U.K. Borrowers, or the PR Borrowers and shall be denominated in Dollars.
Domestic Base Rate Loan means a Loan for which the rate of interest is determined by reference to the Domestic Base Rate;
Domestic Base Rate Loan any Loan hereunder bearing interest computed by reference to the Domestic Base Rate, including, without limitation, that portion of the outstanding principal amount of the Domestic Term Loan bearing interest with reference to the Domestic Base Rate.
Examples of Domestic Base Rate Loan in a sentence
Until each Domestic Lender funds its Domestic Revolving Loan that is a Domestic Base Rate Loan or risk participation pursuant to this Section 2.04 to refinance such Lender’s Applicable Percentage of any Domestic Swing Line Loan, interest in respect of such Applicable Percentage shall be solely for the account of the applicable Domestic Swing Line Lender.
More Definitions of Domestic Base Rate Loan
Domestic Base Rate Loan means any Loan during any period in which it bears interest based on the Domestic Base Rate.
Domestic Base Rate Loan any Loan that bears interest based on the Domestic Base Rate. Domestic Borrower: each of the Company and any other Domestic Subsidiary acceptable to Agent that is a party to this Agreement as a Domestic Borrower as of the Closing Date or becomes party to this Agreement as a Domestic Borrower by executing a Borrower Joinder Agreement.