Alternate Base Rate Loans definition

Alternate Base Rate Loans means Loans that bear interest at an interest rate based on the Alternate Base Rate.
Alternate Base Rate Loans. Loans at such time as they are made and/or being maintained at a rate of interest based upon the Alternate Base Rate.
Alternate Base Rate Loans means Loans which bear interest at a rate based upon the Alternate Base Rate.

Examples of Alternate Base Rate Loans in a sentence

  • Term Benchmark Loans and Alternate Base Rate Loans shall be made and maintained by each Bank at its applicable lending office.

  • The Company may elect from time to time to convert Alternate Base Rate Loans to Term Benchmark Loans by giving the Agent at least three Business Days’ prior irrevocable notice of such election (given before 1:00 P.M., New York City time, on the date on which such notice is required).

  • The Revolving Credit Loans may be (i) Term Benchmark Loans, (ii) Alternate Base Rate Loans or (iii) a combination thereof, as determined by the Company and notified to the Agent in accordance with subsection 2.1(b).


More Definitions of Alternate Base Rate Loans

Alternate Base Rate Loans. Revolving Credit Loans the rate of interest applicable to which is based upon the Alternate Base Rate.
Alternate Base Rate Loans means the Dollar Loans hereunder at such time as such Dollar Loans are made and/or being maintained at a rate of interest based upon the Alternate Base Rate.
Alternate Base Rate Loans. Loans the rate of interest applicable to which is based upon the Alternate Base Rate.
Alternate Base Rate Loans. Revolving Loans hereunder at all times when they bear interest at a rate based upon the Alternate Base Rate.
Alternate Base Rate Loans means Loans that bear interest at rates based upon the Alternate Base Rate.
Alternate Base Rate Loans. Committed Rate Loans that bear interest at an interest rate based on the Alternate Base Rate.
Alternate Base Rate Loans or “ABR Loans” means any Loans which accrue interest by reference to the Alternate Base Rate, in accordance with the terms of this Agreement.