Reference Rate Loans definition

Reference Rate Loans. Loans hereunder at such time as they are made or being maintained at a rate of interest based upon the Reference Rate.

Reference Rate Loans means the Reference Rate Revolving Loans.

Reference Rate Loans means any portion of a Tranche B Loan thereof on which interest is payable based on the Reference Rate in accordance with the terms hereof.

Examples of Reference Rate Loans in a sentence

• On the last day of each applicable Interest Period, unless the Borrowers properly have exercised the LIBOR Option with respect thereto, the interest rate applicable to such LIBOR Rate Loans automatically shall convert to the rate of interest then applicable to Reference Rate Loans of the same type hereunder.

• The Administrative Agent shall determine each interest rate applicable to the LIBOR Rate Loans and Reference Rate Loans hereunder.

• Each change in the rate of interest for any Borrowing consisting of Reference Rate Loans shall become effective, without prior notice to the Credit Parties, automatically as of the opening of business of the Administrative Agent on the date of said change.

• Each Loan funded by the Lenders shall accrue interest at a rate per annum equal to: (i) with respect to LIBOR Rate Loans, Adjusted LIBOR for the applicable Interest Period; and (ii) with respect to Reference Rate Loans, the Reference Rate in effect from day to day.

• The Agent Advances shall be repayable on demand and be secured by the Collateral and shall bear interest at a rate per annum equal to the rate then applicable to Revolving Loans that are Reference Rate Loans.

More Definitions of Reference Rate Loans

Reference Rate Loans means a Revolving Loan during any period in which it bears interest based on the Reference Rate.

Reference Rate Loans means any Advance (or any portion thereof) made or outstanding hereunder during any period when interest on such Advance (or portion thereof) is payable based on the Reference Rate.

Reference Rate Loans means any advance (or portion thereof) made or outstanding hereunder during any period when interest on such Advance is payable based on the Reference Rate.

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

Reference Rate Loans means Loans bearing interest calculated based -------------------- on the Reference Rate.

Reference Rate Loans. Sterling Loans hereunder at such time as they are made or being maintained at a rate of interest based upon the Reference Rate.

Reference Rate Loans means Loans which bear interest determined by reference to the Reference Rate.