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

Principal Amount: ​ Type (LIBOR Rate, Base Rate): Drawdown Date: Interest Period for LIBOR Rate Loans:

as to the outstanding principal amount of Swing Loans and Extraordinary Advances only, at a per annum rate equal to the Base Rate plus the Base Rate Margin.

with respect to the Third Incremental Term Loans, a percentage per annum equal to # for Eurocurrency Rate Loans, 3.00% and # for Base Rate Loans, 2.00%;

ABR Loans. The Loans comprising each ABR Borrowing shall bear interest at a rate per annum equal to the Alternate Base Rate plus the Applicable Rate.

Each Base Rate Loan shall bear interest for the period commencing with the Drawdown Date thereof and ending on the date on which such Base Rate Loan is repaid or converted to a LIBOR Rate Loan at the rate per annum equal to the sum of the Base Rate plus the Applicable Margin for Base Rate Loans.

[Convert to Eurodollar Loans ​ in aggregate principal amount of the outstanding [Base Rate Loans][LIBOR Loans].]

Applicable Rate” means a percentage per annum equal to # for Eurocurrency Rate Loans, 8.0%, and # for Base Rate Loans, 7.0%; provided that the Applicable Rate shall be increased to # 9.0% per annum for Eurocurrency Rate Loans and # 8.0% per annum for Base Rate Loans following the six (6) month anniversary of the Closing Date if the requirements in [clauses (x) and (y)])] of the definition of Financing Source Diversification Requirements are not satisfied at such time.

the shall, upon demand from such Lender (with a copy to the ), prepay all Alternative Currency Loans in the affected currency or currencies, or, if applicable, convert all Term SOFR Loans of such Lender to Base Rate Loans (the interest rate on which Base Rate Loans of such Lender shall, if necessary to avoid such illegality, be determined by the without reference to the Term SOFR component of the Base Rate), in each case, immediately, or in the case of Alternative Currency Term Rate Loans or Term SOFR Loans, on the last day of the Interest Period therefor, if such Lender may lawfully

“(a) # with respect to Initial Term Loans prior to the Amendment No. 1 Effective Date, 3.00% in the case of Eurocurrency Rate Loans, and 2.00% in the case of Base Rate Loans and # with respect to Tranche B-1 Term Loans after to the Amendment No. 1 Effective Date, the applicable rate set forth in the table below under the caption “Eurocurrency Rate” or “Base Rate”, respectively, subject to the adjustment as provided below:

Applicable Rate” means, for any day, the rate per annum set forth below opposite the applicable level then in effect (based on the Consolidated Net Leverage Ratio), it being understood that the Applicable Rate for # Revolving Loans that are Base Rate Loans shall be the percentage set forth under the column “Revolving Loans” and “Base Rate”, # Revolving Loans that are SOFR Loans shall be the percentage set forth under the column “Revolving Loans” and “SOFR Loans & Letter of Credit Fee”, # that portion of the Term Loan comprised of Base Rate Loans shall be the percentage set forth under the column “Term Loan” and “Base Rate”, # that portion of the Term Loan comprised of SOFR Loans shall be the percentage set forth under the column “Term Loan” and “SOFR Loans & Letter of Credit Fee”, # the Letter of Credit Fee shall be the percentage set forth under the column “Revolving Loans” and “SOFR Loans & Letter of Credit Fee”, and # the Commitment Fee shall be the percentage set forth under the column “Commitment Fee”:

Next results

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.