Index Rate Loan definition

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

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

Index Rate Loan means each Loan bearing interest at the Index Rate, as provided in Section 2.08(a).

Examples of Index Rate Loan in a sentence

• Notwithstanding any other provision of this Agreement or the other Loan Documents, the Swing Line Loan shall constitute an Index Rate Loan.

• If no election is received with respect to a LIBOR Loan by 1:00 p.m. (New York time) on the 3rd Business Day prior to the end of the LIBOR Period with respect thereto, that LIBOR Loan shall be converted to an Index Rate Loan at the end of its LIBOR Period.

• The Borrower shall pay interest on each Index Rate Loan at the Index Rate plus the Applicable Margin in effect from time to time.

• If such Swingline Loan bears interest at a rate other than the Index Rate, such Swingline Loan shall automatically become an Index Rate Loan on the effective date of any such participation and interest shall become payable on demand.

• Any such election must be made by 1:00 p.m. (New York time) on the 3rd Business Day prior to (1) the date of any proposed Revolving Credit Advance which is to bear interest at the LIBOR Rate, (2) the end of each LIBOR Period with respect to any LIBOR Loans to be continued as such, or (3) the date on which Borrower wishes to convert any Index Rate Loan to a LIBOR Loan for a LIBOR Period designated by Borrower in such election.

More Definitions of Index Rate Loan

Index Rate Loan means Revolving Loans the rate of interest applicable to which is based on the Index Rate.

Index Rate Loan means the Swing Line Loan or any portion of the Revolving Loan bearing interest by reference to the Dollar Index Rate or the Sterling Index Rate, as applicable.

Index Rate Loan means any Advance bearing interest at the Base Rate, the Canadian Base Rate or the Canadian Prime Rate.

Index Rate Loan means a Loan that bears interest at a rate based on the “Index Rate.”

Index Rate Loan means Loans the rate of interest applicable to which is based on the Index Rate.

Index Rate Loan means a Loan denominated in Canadian Dollars bearing interest at a rate determined by reference to the Index Rate.

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