Floating Rate Loan definition
Floating Rate LoanĚýmeans a Loan which bears interest at the Floating Rate.
Floating Rate LoanĚýmeans a Loan, or portion thereof, which bears interest at the Floating Rate.
Floating Rate LoanĚýmeans a Loan which, except as otherwise provided in Section 2.13, bears interest at the Alternate Base Rate.
Examples of Floating Rate Loan in a sentence
Until each Revolving Credit Lender funds its SOFR Daily Floating Rate Loan or risk participation pursuant to this Section 2.04 to refinance such Revolving Credit Lender’s Applicable Revolving Credit Percentage of any Swing Line Loan, interest in respect of such Applicable Revolving Credit Percentage shall be solely for the account of the Swing Line Lender.
Each Swing Line Loan shall be either a Base Rate Loan or a SOFR Daily Floating Rate Loan.
More Definitions of Floating Rate Loan
Floating Rate LoanĚýmeans any Loan which bears interest at the Floating Rate.
Floating Rate Loan.ĚýA Loan that is an Eligible Loan where the interest rate payable by the Obligor thereof is based on the Company Prime Rate or the Company LIBOR Rate, plus some specified interest percentage in addition thereto, and the Loan provides that such interest rate will reset immediately upon any change in the related Company Prime Rate or Company LIBOR Rate.
Floating Rate LoanĚýor â€�Floating Rate Advanceâ€� means a Loan which bears interest at the Floating Rate.
Floating Rate LoanĚýmeans any Loan and any portion of the Loan Balance which the Borrower has requested, in the initial Borrowing Request for such Loan or a subsequent Borrowing Request for such portion of the Loan Balance, bearing interest at the Floating Rate, or which pursuant to the terms hereof is otherwise required to bear interest at the Floating Rate.
Floating Rate Loan.ĚýAll or any portion of any Term Loan which bears interest at a rate calculated with reference to the Prime Rate.
Floating Rate LoanĚýmeans a Syndicated Loan denominated in Dollars which bears interest at the Floating Rate.
Floating Rate LoanĚýa Base Rate Loan or a Canadian Prime Rate Loan.