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
“Applicable Margin” means # for Eurodollar Rate Loans, 0.825% per annum, and # for Base Rate Loans, zero.
“Base Rate Loan” means each portion of the Revolving Loans that bears interest at a rate determined by reference to the Base Rate.
Base Rate Loans. During the period referenced in the foregoing sentence, the component of Base Rate based upon the Benchmark will not be used in any determination of Base Rate.
“Default Rate” means when used with respect to # a Base Rate Loan, an interest rate equal to # the Base Rate plus # the Applicable Rate for Base Rate Loans for the Facility under which such Loan was made plus # 2.00% per annum, # a Daily SOFR Loan, an interest rate equal to # Daily Simple SOFR plus # the Applicable Rate for Daily SOFR Loans for the Facility under which such Loan was made plus # 2.00% per annum, # a Term SOFR Loan, an interest rate equal to # Term SOFR plus # the Applicable Rate for Term SOFR Loans for the Facility under which such Loan was made plus # 2.00% per annum, # Letter of Credit Fees, a rate equal to the Applicable Rate then applicable to Letter of Credit Fees, plus 2.00% per annum and # Obligations other than Loans and Letter of Credit Fees, an interest rate equal to # the Base Rate, plus # the Applicable Rate for Base Rate Loans under the Revolving Credit Facility, plus # 2.00% per annum.
(A) any outstanding Term SOFR Loans shall be deemed to have been converted to Base Rate Loans immediately and # any outstanding affected Alternative Currency Loans, at the Company’s election, shall either # be converted into a Borrowing of Base Rate Loans
“ABR Loans”: Loans the rate of interest applicable to which is based upon the Alternate Base Rate.
“Notice of Continuation/Conversion” means a notice of a conversion of Loans from Eurodollar Rate Loans to Base Rate Loans or Base Rate Loans to Eurodollar Rate Loans, or a continuation of Eurodollar Rate Loans, which shall be substantially in the form of Exhibit B or such other form as may be approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by an Authorized Representative of the Borrower.
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