Rate Loans definition

Rate Loans means those Loans which are subject to a rate of interest which may at any time be varied in accordance with the relevant Mortgage Terms (and shall, for the avoidance of doubt, exclude Fixed Rate Loans and Tracker Loans);

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Rate Loans. Bank Loans the rate of interest applicable to which is based upon the C/D Rate.

Rate Loans. Base Rate Loans may be prepaid at any time and from time to time, in whole or in part, without premium or penalty. All partial prepayments shall be applied first to accrued and unpaid interest, fees and Expenses related to such prepaid Loan and then to the outstanding principal balance of the Base Rate Loan so prepaid.

Examples of Rate Loans in a sentence

• Any such automatic conversion to Base Rate Loans shall be effective as of the last day of the Interest Period then in effect with respect to the applicable Eurodollar Rate Loans.

• If Bank of America resigns as Swing Line Lender, it shall retain all the rights of the Swing Line Lender provided for hereunder with respect to Swing Line Loans made by it and outstanding as of the effective date of such resignation, including the right to require the Lenders to make Base Rate Loans or fund risk participations in outstanding Swing Line Loans pursuant to Section 2.04(c).

• At any time that Base Rate Loans are outstanding, the Administrative Agent shall notify the Borrower and the Lenders of any change in Bank of America’s prime rate used in determining the Base Rate promptly following the public announcement of such change.

• Each such notice shall specify the date and amount of such prepayment and the Type(s) of Loans to be prepaid and, if Eurodollar Rate Loans are to be prepaid, the Interest Period(s) of such Loans.

• During the existence of a Default, no Loans may be requested as, converted to or continued as Eurodollar Rate Loans without the consent of the Required Lenders.

More Definitions of Rate Loans

Rate Loans for any Interest Period shall continue as Loans of such Type until the end of the then current Interest Period therefor, at which time they shall be automatically converted into Prime Rate Loans unless Multicare (on behalf of the Borrowers) shall have given the Administrative Agent notice in accordance with clause (ii) below requesting that such Loans continue as LIBO Rate Loans for another Interest Period of a specified duration.

Rate Loans. Any Syndicated Loans bearing interest calculated by reference to the Base Rate. BASIS POINT. One one-hundredth of one percent (0.01%).

Rate Loans to Eurodollar Rate Loans shall forthwith be canceled and, until such time as it shall no longer be unlawful for Lender to make or maintain Eurodollar Rate Loans, Lender shall then have a commitment only to make a Prime Rate Loan when a Eurodollar Rate Loan is requested and (iii) Loans then outstanding as Eurodollar Rate Loans, if any, shall be converted automatically to Prime Rate Loans on the respective last days of the then current Interest Periods with respect to such Loans or within such earlier period as required by law. If any such conversion of a Eurodollar Rate Loan occurs on a day which is not the last day of the then current Interest Period with respect thereto, Borrower shall pay to such Lender such amounts, if any, as may be required pursuant to Section 3.3(d) below.

Rate Loans means Loans made by one or more Lenders to Company pursuant to subsection 2.1.E.

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Rate Loans. Each U.S. Base Rate Loan shall bear interest, with interest on overdue interest in U.S. Dollars, as well after as before default, demand and judgment at a variable rate per annum equal at all times to the U.S. Base Rate, such rate to be adjusted automatically without notice to the Borrower whenever there is a variation in the U.S. Base Rate, plus the rate set forth in the Pricing Grid.

Rate Loans means, individually and collectively, the Prime Rate Revolving Loans and the Prime Rate Term Loans.