Type definition

Type when used in reference to any Loan or Borrowing, refers to whether the rate of interest on such Loan, or on the Loans comprising such Borrowing, is determined by reference to the Adjusted LIBO Rate or the Alternate Base Rate.

Type as to any Loan, its nature as an ABR Loan or a Eurodollar Loan.

Examples of Type in a sentence

To provide all services in the Contract Type and in the Service Area, specified in Section I of this Contract.
Verizon will maintain the Availability for each Site Type as detailed below, with MLAN and MWLAN Network Components meeting the Functionality Threshold, if applicable.
The Loans comprising each Daily Compounded XXXXX Borrowing shall bear interest at Adjusted Daily Compounded XXXXX plus the Applicable Rate for such Type of Loan.
Borrowings of more than one Type and Class may be outstanding at the same time; provided that there shall not at any time be more than a total of: (i) ten (10) SOFR Borrowings outstanding; and (ii) eight (8) Canadian XXXXX Borrowings outstanding.
Borrowings also may be classified and referred to by Class (e.g., a “Revolving Borrowing”) or by Type (e.g., a “SOFR Borrowing” or “Term Benchmark Borrowing”) or by Class and Type (e.g., a “SOFR Revolving Borrowing”).

Type means, when used in respect of any Loan or Borrowing, the Rate by reference to which interest on such Loan or on the Loans comprising such Borrowing is determined. For purposes hereof, the term “Rate” shall include the Adjusted LIBO Rate and the ABR.

Type means the type of Loan determined with regard to the interest option applicable thereto, i.e., whether a Base Rate Loan or a Eurodollar Loan.

Type means, relative to any Loan, the portion thereof, if any, being maintained as a Base Rate Loan or a LIBO Rate Loan.