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

  • 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).

  • All Term Loans shall at all times constitute Reference Rate Borrowings unless properly designated or redesignated as Eurodollar Borrowings pursuant to Sections 3.3 or 3.4. If any Term Loan on the Closing Date shall be a Reference Rate Borrowing, Borrower shall request such Term Loan by notice to Administrative Agent, at Administrative Agent’s Lending Office, not later than 12:00 p.m. at least one (1) Business Day prior to the date the Reference Rate Borrowing is to be funded to Borrower.

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  • All Loans shall at all times constitute Reference Rate Borrowings unless properly designated or redesignated as LIBOR Borrowings pursuant to SECTIONS 3.3. OR 3.4. Each request by the Company for a new Reference Rate Borrowing (except for Swing Line Advances) shall be made pursuant to a Request for Borrowing received by the Agent, at the Agent's office, not later than 9:00 a.m. California time, at least one Banking Day prior to the date the Reference Rate Borrowing is to be funded to the Company.

  • As provided in Section 2.01(b) and 2.02(b), respectively, the Company shall designate, with respect to each Advance to be funded by the Bank, the portion or portions thereof to be made initially as a Fixed Rate Borrowing, as a Reference Rate Borrowing -11- and/or as a Floating Eurodollar Rate Borrowing.

  • Each request by the Company for a new Reference Rate Borrowing (except for Swing Line Advances) shall be made pursuant to a Request for Borrowing received by the Agent, at the Agent's office, not later than 10:00 a.m. Honolulu, Hawaii time, at least one Banking Day prior to the date the Reference Rate Borrowing is to be funded to the Company.

  • Except as otherwise provided in Section 4.4, 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 Reference Rate Spread.

  • Prepayments pursuant to this Section 2.11 shall be made upon (x) same day’s notice to the Administrative Agent, with respect to any prepayment of an ABR Borrowing or an Euro Reference Rate Borrowing, (y) at least three London Business Days’ notice to the Administrative Agent, with respect to any prepayment of an LIBOR Borrowing and (z) at least three TARGET Days’ notice to the Administrative Agent, with respect to any prepayment of a EURIBOR Borrowing.

  • 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.


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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Reference Rate Borrowing means any Funding or portion of the applicable Loan pursuant to the terms of this Agreement that bears interest at the Reference Borrowing Rate.
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Related to Reference Rate Borrowing

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

  • 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 Loans.

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

  • Eurocurrency Rate Advance means a Revolving Credit Advance or a Term Loan Advance denominated in Dollars or in an Agreed Currency which bears interest as provided in Section 2.07(b) or a Local Currency Advance which bears interest as provided in Section 2.07(b) and the Local Currency Addendum.

  • Eurodollar Rate Advance means an Advance that bears interest as provided in Section 2.07(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.

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

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

  • Base Rate Advance means an Advance that bears interest as provided in Section 2.07(a)(i).

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

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

  • 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 comprised of Revolving Loans.

  • ABR Borrowing means a Borrowing comprised of ABR Loans.

  • Floating Rate Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the Floating Rate.