Reference Rate Borrowing definition

Reference Rate Borrowing means a Borrowing consisting of Reference Rate Loans.
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Reference Rate Borrowing means any Loan or portion thereof ------------------------ which is not designated or redesignated by the Company as a LIBOR Borrowing pursuant to Sections 3.3 or 3.4. -------------------
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Reference Rate Borrowing means any Loan or portion thereof which is not designated or redesignated by Borrower as a Eurodollar Borrowing pursuant to Sections 3.3 or 3.4.
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Examples of Reference Rate Borrowing in a sentence

  • Interest accrued on each Reference Rate Borrowing shall be payable on each Interest Payment Date, commencing with the first such date to occur after the Closing Date, and shall be deducted from the Account on each such Interest Payment Date.

  • If Borrower is required to so prepay any Eurodollar Borrowing, then concurrently with such prepayment, Borrower shall borrow from the affected Lender, in the amount of such repayment, a Reference Rate Borrowing.

  • If the Company is required to so prepay any LIBOR Borrowing, then concurrently with such prepayment, the Company may, at its option, borrow from the affected Bank, in the amount of such repayment, a Reference Rate Borrowing.

  • Except as otherwise provided in Section 4.3, the unpaid principal amount of any Reference Rate Borrowing shall bear interest at a fluctuating rate per annum equal to the Reference Rate plus the Applicable Margin, if any, applicable to Reference Rate Borrowings.

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  • At the time that each Euro Reference Rate Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of (euro)500,000 and not less than (euro)1,000,000; provided that a Euro Reference Rate Borrowing may be in an aggregate amount that is equal to the entire unused balance of the Multi-Currency Tranche Commitments.

  • Notwithstanding any provision to the contrary contained in this SECTION 2.3, Borrower and the applicable Qualified Borrower, shall not be required to indemnify Lenders against any costs, loss or expenses incurred by Lenders, or any of them, as a result of the liquidation or redeployment of funds due to Borrower's failure to fulfill, on or before the date specified for a Reference Rate Borrowing, the conditions to such Borrowing set forth herein.

  • If no election as to the Type of Borrowing is specified, then the requested Borrowing shall be an ABR Borrowing, in the case of a Borrowing in dollars and a Euro Reference Rate Borrowing, in the case of a Borrowing in Euros.

  • In such event, Borrower shall be deemed to have requested a Reference Rate Borrowing to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount, without regard to the minimum and multiples specified in Section 3.1 for the principal amount of Reference Rate Borrowings, but subject to the amount of the unutilized portion of the Total Aggregate Commitment and the conditions set forth in Article 6 (other than the delivery of a Request for Borrowing).

  • In addition, if at any time the amount of any LIBOR Borrowing is reduced (by payment, prepayment or conversion of a part thereof) to an amount less than $2,000,000, such LIBOR Borrowing shall automatically convert into a Reference Rate Borrowing, and on and after such date the right of the Company to continue such Borrowing as a LIBOR Borrowing shall terminate.


More Definitions of Reference Rate Borrowing

Reference Rate Borrowing means any Loan or portion thereof which is not designated or redesignated by the Company as a LIBOR Borrowing pursuant to SECTIONS 3.3 OR 3.4.
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Reference Rate Borrowing a portion of the outstanding principal balance of the Note that bears interest at a rate based upon the Reference Rate.
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Related to Reference Rate Borrowing

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

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

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

  • Reference Rate Advance means an Advance which bears interest as provided in Section 2.09(a).

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

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

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.

  • 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).

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

  • LIBO Rate Advance means a Pro Rata Advance that bears interest as provided in Section 2.04(a)(ii).

  • Eurodollar Rate Advance means an Advance that bears interest as provided in Section 2.06(a)(ii).

  • Borrowing means Loans of the same Type, made, converted or continued on the same date and, in the case of Eurodollar Loans, as to which a single Interest Period is in effect.

  • LIBOR Rate Advance means an Advance which bears interest at a LIBOR Rate.

  • Prime Rate Advance means an Advance that bears interest based at the Prime Rate.

  • 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.

  • SOFR Borrowing means, as to any Borrowing, the SOFR Loans comprising such Borrowing.

  • Base Rate Advance means an Advance that bears interest at a rate based upon the Base Rate.

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

  • 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.

  • Alternate Base Rate Advance means an Advance which bears interest at the Alternate Base Rate.

  • Eurocurrency Borrowing means a Borrowing comprised of Eurocurrency Loans.

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

  • Revolving Borrowing means a borrowing consisting of simultaneous Revolving Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Lenders pursuant to Section 2.01.

  • Eurodollar Rate Committed Loan means a Committed Loan that bears interest at a rate based on the Eurodollar Rate.

  • ABR Borrowing means a Borrowing comprised of ABR Loans.

  • Floating Rate Advance means an Advance which bears interest at the Floating Rate.