Reference Rate Revolving Loans definition

Reference Rate Revolving Loans means a Revolving Loan during any period in which it bears interest based on the Reference Rate.
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Reference Rate Revolving Loans shall have the meanings given to those terms in Subsection 1.02(b)(i)(A).
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Examples of Reference Rate Revolving Loans in a sentence

  • Agent Loans shall constitute Reference Rate Revolving Loans under this Agreement repayable by the relevant Borrower on demand and shall bear interest at the rate per annum applicable to Reference Rate Revolving Loans plus 2%.

  • If the Notice of Borrowing fails to specify the duration of the Interest Period for any Borrowing comprised of LIBOR Rate Loans, such Interest Period shall be three months; provided, however, that, with respect to the Borrowings to be made on the Closing Date, such Borrowings will consist of Reference Rate Revolving Loans only.

  • The Agent is hereby authorised to debit all Swingline Loans and all Reference Rate Revolving Loans and interest thereon to a loan account or accounts denominated in the currency denomination of each such Loan maintained with the Agent.

  • If the Notice of Borrowing fails to specify the duration of the Interest Period for any Borrowing comprised of LIBOR Revolving Loans, such Interest Period shall be three months; provided, however, that with respect to the Borrowings to be made on the Closing Date, such Borrowings will consist of Reference Rate Revolving Loans only.

  • Notwithstanding anything to the contrary contained in this Agreement, unless so directed by the Borrowers, or unless an Event of Default is outstanding, neither the Agent nor any Lender shall apply any payments which it receives to any LIBOR Revolving Loan except (a) on the expiration date of the Interest Period applicable to any such LIBOR Rate Loan, or (b) in the event, and only to the extent, that there are no outstanding Reference Rate Revolving Loans.

  • The Agent is hereby authorised to debit all Swingline Loans and all Reference Rate Revolving Loans and interest thereon to a loan account or accounts denominated in the currency denomination of each such Swingline Loan maintained with the Agent.

  • Agent Loans shall constitute Reference Rate Revolving Loans under this Agreement repayable by the Borrower on one month’s prior notice from the Agent unless a Default or an Event of Default has occurred and is continuing when such Reference Rate Revolving Loans will be repayable by the Borrower on demand and shall bear interest at the rate per annum applicable to Reference Rate Revolving Loans plus 2%.

  • All of the foregoing costs and expenses may be charged by the Agent to the Loan Account as Reference Rate Revolving Loans as described in Section 4.4.

  • If the Notice of Borrowing fails to specify the duration of the Interest Period for any Borrowing consisting of LIBOR Rate Loans, such Interest Period shall be one month; provided, however, that, with respect to the Borrowings to be made on the Closing Date, such Borrowings will consist of Reference Rate Revolving Loans only.

  • If not paid on the due date, the interest shall be added to and form part of the Reference Rate Revolving Loan on which interest shall accrue and be payable in accordance with the provisions of this Clause 6.12.4 (Reference Rate Revolving Loans to satisfy reimbursement obligations).

Related to Reference Rate Revolving Loans

  • Base Rate Revolving Loan means a Revolving Loan that is a Base Rate Loan.

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • 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.

  • Pending Revolving Loans means, at any time, the aggregate principal amount of all Revolving Loans requested in any Notice of Borrowing received by the Agent which have not yet been advanced.

  • 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.

  • Refinancing Revolving Loans means one or more Classes of Revolving Loans that result from a Refinancing Amendment.

  • Existing Revolving Loans has the meaning specified in Section 2.16(a).

  • Canadian Revolving Loans means the Loans extended by the Canadian Revolving Lenders to the Canadian Borrower pursuant to Section 2.01(b).

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

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

  • Revolving Loans as defined in Section 2.4(a).

  • New Revolving Loans as defined in Section 2.25.

  • Swingline Rate means the Base Rate plus the Applicable Margin applicable to Base Rate Loans.

  • Additional Revolving Loans means any revolving loan added hereunder pursuant to Section 2.22, 2.23 or 9.02(c)(ii).

  • Extended Revolving Loans has the meaning assigned to such term in Section 2.23(a).

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

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

  • Incremental Revolving Loans has the meaning assigned to such term in Section 2.22(a).

  • Revolving Credit Base Rate Option A fluctuating rate per annum (computed on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed) equal to the Base Rate plus the Applicable Margin, such interest rate to change automatically from time to time effective as of the effective date of each change in the Base Rate; or

  • Canadian Revolving Loan means Loans made by a Lender in respect of its Canadian Revolving Commitment to the U.S. Borrower pursuant to Section 2.02(c) and/or Section 2.24.

  • U.S. Revolving Loans means the revolving loans made to the U.S. Borrowers pursuant to Section 2.1(a)(i), or any amendment to this Agreement entered into pursuant to Section 2.5, 2.6 or 2.7, each Agent Advance made to a U.S. Borrower and each U.S. Swingline Loan.

  • Other Revolving Loans means the Revolving Loans made pursuant to any Other Revolving Commitment.

  • Existing Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • Extended Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

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