Example ContractsClausesBase Rate Loans
Base Rate Loans
Base Rate Loans contract clause examples

Base Rate Loan” means a Revolving Loan that bears interest based on the Base Rate. All Base Rate Loans are only available to Borrowers and Loans denominated in Dollars.

all Loans that would otherwise be made or continued from one Interest Period to another by such Lender as Eurocurrency Rate Loans or made as Term SOFR Loans, as applicable, shall be made or continued instead as Base Rate Loans (if possible), and all Base Rate Loans of such Lender that would otherwise be converted into Eurocurrency Rate Loans or Term SOFR Loans, as applicable, shall remain as Base Rate Loans.

Alternate Base Rate” means # with respect to Loans denominated in U.S. Dollars, the Alternate Base Rate - U.S., and # with respect to Loans denominated in Canadian Dollars, the Alternate Base Rate - Canada.

all Loans that would otherwise be made or continued from one Interest Period to another by such Lender as LIBOR Loans shall be made or continued instead as Base Rate Loans, and all Base Rate Loans of such Lender that would otherwise be converted into LIBOR Loans shall remain as Base Rate Loans.

2 Complete with # the Base Rate or the Eurocurrency Rate for Revolving Credit Loans or any Incremental Term Loan or # the Base Rate for Swingline Loans.

Defaulting Lender Rate” means # for the first three days from and after the date the relevant payment is due, the Base Rate and # thereafter, the interest rate then applicable to Revolving Loans that are Base Rate Loans (inclusive of the Base Rate Margin applicable thereto).

Default Rate” means when used with respect to # a Base Rate Loan, an interest rate equal to the sum of # the Base Rate plus # the Applicable Rate, if any, applicable to Base Rate Loans plus # two percent (2%) per annum, # a Canadian Prime Rate Loan, an interest rate equal to the sum of # the Canadian Prime Rate plus # the Applicable Rate, if any, applicable to Canadian Prime Rate Loans plus

with respect to Base Rate Loans, the applicable Base Rate Margin set forth in the Pricing Schedule; and

Base Rate Loans and LIBOR Rate Loans may be converted to Loans of the other Type as provided in §4.1.

whether the Borrowing is to be comprised of Eurocurrency Rate Loans or Base Rate Loans; and

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