Term Rate Loan definition

Term Rate Loan means a Loan that bears interest at a rate based on the Term SOFR Rate or Eurocurrency Rate.

Term Rate Loan means any Loan or, if applicable, Unpaid Sum which is not a Compounded Rate Loan.

Term Rate Loan means a Committed Loan under Tranche A or Tranche B that bears interest at a rate based on a Term Rate. Term Rate Loans may be denominated in US Dollars, Euro or Canadian Dollars. All Committed Loans denominated in Euro or Canadian Dollars (other than Canadian Dollar Loans made under Tranche B) must be Term Rate Loans.

Examples of Term Rate Loan in a sentence

• In the case of the renewal of a Term Rate Loan Option at the end of an Interest Period, the first day of the new Interest Period shall be the last day of the preceding Interest Period, without duplication in payment of interest for such day.

• Any prepayment of a Term Rate Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05.

• Any prepayment of a Term SOFR Loan or Alternative Currency Term Rate Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05.

• As to any Loans to which a Term Rate Loan Option applies (including on and after the Term RFR Transition Date with respect to any Currency, as to any RFR Loan denominated in such Currency), interest shall be due and payable on the last day of each Interest Period for those Loans and, if such Interest Period is longer than three (3) Months, also on the 90th day of such Interest Period.

• Any prepayment of a Term Rate Loan or a Tranche C Loan shall be accompanied by all accrued interest thereon, together with any additional amounts required pursuant to Section 3.5. Each such prepayment of Committed Loans shall be applied to the Committed Loans of the appropriate Lenders in accordance with their respective Pro Rata Shares.

More Definitions of Term Rate Loan

Term Rate Loan means a Loan that bears interest at a rate based on the definition of “Term Rate.”

Term Rate Loan means a Loan that bears interest at a rate based on the Term SOFR Rate, Term RFR or Eurocurrency Rate."

Term Rate Loan or “Term Rate Borrowing” shall mean a Term SOFR Loan or an Alternative Currency Term Rate Loan.

Term Rate Loan means a Term SOFR Loan or an Alternative Currency Term Rate Loan, as applicable. “Term SOFR” means

Term Rate Loan means any Drawing granted under a Facility or, where applicable, any overdue amount in relation to a Facility, where interest is in each case calculated using a Term Reference Rate.

Term Rate Loan means the Loan or, if applicable, Unpaid Sum which accrues interest at a rate which is determined by reference to LIBOR (as further set out in Clause 8 (Interest)) to the extent that it is not, or has not become, a “Compounded Rate Loan” pursuant to Clause 8A (Rate Switch).”

Term Rate Loan means a Committed Loan that bears interest at a rate based on clause (a) of the definition of “Term Rate”. Term Rate Loans may be denominated in Dollars or in the Alternative Currency. All Committed Loans denominated in the Alternative Currency must be Term Rate Loans.