Foreign Base Rate Loans definition

Foreign Base Rate Loans means Loans (other than A/C Fronted Loans) in any Alternative Currency the rate of interest applicable to which is based upon the rate of interest per annum maintained by the Administrative Agent as the rate of interest (in the absence of a Eurocurrency rate) determined by it with the approval of a majority in interest of the Lenders participating in such Loan to be the average rate charged to borrowers of similar quality as the applicable Borrower of such Loans in such Alternative Currency. Notwithstanding anything to the contrary contained herein, Loans may be made or maintained as Foreign Base Rate Loans only to the extent specified in Section 2.02(f), 2.08 or 2.15.
Sample 1Sample 2Sample 3
Foreign Base Rate Loans. Loans denominated in Euros the rate of interest applicable to which is based upon the Foreign Base Rate.
Sample 1Sample 2Sample 3
Foreign Base Rate Loans means any Alternative Currency Swingline Loan the rate of interest applicable to which is based upon the rate of interest per annum maintained by the Swingline Lender as the rate of interest (in the absence of a eurocurrency rate) determined by it with the approval of a majority in interest of the Lenders then participating in such Loan to be the average rate charged to borrowers of similar quality as the Company for such Loans in such Alternative Currency (such rate being referred to as the "Foreign Base Rate"). Notwithstanding anything to the contrary contained herein, Alternative Currency Swingline Loans may be made or maintained as Foreign Base Rate Loans only to the extent specified in Sections 2.8 or 2.15. No other Loans may be maintained or made as Foreign Base Rate Loans.
Sample 1Sample 2

Examples of Foreign Base Rate Loans in a sentence

  • Foreign Borrower Agent may on any Business Day, subject to delivery of a Notice of Foreign Conversion/Continuation, elect to convert any portion of the Foreign Base Rate Loans to, or to continue any Foreign Loan that is an Interest Period Loan at the end of its Interest Period as an Interest Period Loan.

  • The obligations of GTCR and FUCP hereunder shall be subject to satisfaction of the Purchaser's closing conditions in Section 2.1 and shall terminate on closing of the transactions contemplated by this Agreement.

  • If, within the time period required under the terms of this Section 2.11, the relevant Administrative Agent does not receive a Notice of Conversion/Continuation from the applicable Borrower containing a permitted election to continue any Eurocurrency Rate Loans for an additional Interest Period or to convert any such Loans, then, upon the expiration of the applicable Interest Period, such Loans will be automatically converted to Domestic Base Rate Loans or Foreign Base Rate Loans, as the case may be.


More Definitions of Foreign Base Rate Loans

Foreign Base Rate Loans means Term Loans denominated in Euros the rate of interest applicable to which is based upon the Foreign Base Rate plus the Applicable Margin. Foreign Borrower shall mean those Borrowers which are organized under the Laws of a jurisdiction other than the United States (or a political subdivision thereof). Foreign Lender shall mean (i) if the Borrower is a U.S. Person, a Lender that is not a U.S. Person, and (ii) if the Borrower is not a U.S. Person, a Lender that is resident or organized under the Laws of a jurisdiction other than that in which the Borrower is resident for tax purposes. Foreign Loan Party shall mean a Loan Party which is organized under the Laws of a jurisdiction other than the United States (or a political subdivision thereof).
Sample 1Sample 2
Foreign Base Rate Loans means Term Loans denominated in Euros the rate of interest applicable to which is based upon the Foreign Base Rate plus the Applicable Margin. Foreign Borrower shall mean those Borrowers which are incorporated, registered or otherwise organized under the Laws of a jurisdiction other than the United States (or a political subdivision thereof). Foreign Borrower Borrowing Sublimit shall mean $150,000,000.00.
Sample 1

Related to Foreign Base Rate Loans

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

  • U.S. Base Rate Loan means a Loan denominated in Dollars which bears interest at a rate based upon the U.S. Base Rate.

  • Base Rate Loans Loans the rate of interest applicable to which is based upon the Base Rate.

  • Prime Rate Loans means any Loans or portion thereof on which interest is payable based on the Prime Rate in accordance with the terms thereof.

  • Canadian Prime Rate Loans means any Canadian Dollar Revolving Loan during the period which it bears interest at a rate determined by reference to the Canadian Prime Rate.

  • Alternate Base Rate Loans means Loans that bear interest at an interest rate based on the Alternate Base Rate.

  • Base Rate Borrowing means a Borrowing comprised of Base Rate Loans.

  • Canadian Prime Rate Loan means any Loan made to the Borrower in Canadian Dollars which bears interest based upon the Canadian Prime Rate as provided in Section 4.1(a).

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

  • Prime Rate Loan means the Loan at such time as interest thereon accrues at a rate of interest based upon the Prime Rate.

  • Reference Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the Reference Rate.

  • Eurodollar Rate Borrowing means a Borrowing comprised of Eurodollar Rate Loans.

  • LIBOR Rate Loans means the Loans bearing interest with reference to the LIBOR Rate.

  • Eurocurrency Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • Fixed Rate Loans means Euro-Dollar Loans or Money Market Loans (excluding Money Market LIBOR Loans bearing interest at the Base Rate pursuant to Section 8.01(a)) or any combination of the foregoing.

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • Alternative Currency Daily Rate Loan means a Loan that bears interest at a rate based on the definition of “Alternative Currency Daily Rate.” All Alternative Currency Daily Rate Loans must be denominated in an Alternative Currency.

  • CDOR Rate Loan means a Loan denominated in Canadian Dollars the rate of interest applicable to which is based on the CDOR Rate.

  • Eurodollar Rate Loans means Loans bearing interest at rates determined by reference to the Adjusted Eurodollar Rate as provided in subsection 2.2A.

  • Index Rate Loan means a Loan or portion thereof bearing interest by reference to the Index Rate.

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

  • Eurocurrency Rate Advance means a Revolving Credit Advance denominated in Dollars or a Committed Currency that bears interest as provided in Section 2.07(a)(ii).

  • Alternate Base Rate Loan means a Loan which bears interest at the Alternate Base Rate or the Default Rate.

  • Domestic Rate Loan means any Advance that bears interest based upon the Alternate Base Rate.

  • ABR Loans Loans the rate of interest applicable to which is based upon the ABR.