Base Rate Advance Sample Clauses

A Base Rate Advance clause defines the terms under which a borrower can obtain a loan or credit advance at an interest rate tied to a specified base rate, such as the prime rate or another benchmark rate. This clause typically outlines how the base rate is determined, how interest accrues on the advance, and any conditions or limitations on the amount or frequency of such advances. By establishing a clear framework for calculating interest and disbursing funds, the clause ensures transparency and predictability for both lender and borrower, helping to manage interest rate risk and facilitate efficient borrowing.
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Base Rate Advance. An Advance which bears interest with reference to the Base Rate plus any additional margin required pursuant to sec. 4.3.
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Base Rate Advance. During such periods as such Advance is a Base Rate Advance, a rate per annum at all times equal to the sum of the Base Rate in effect from time to time plus the Applicable Margin, payable in arrears (i) quarterly on the last day of each calendar quarter during such periods, (ii) on the date such Base Rate Advance shall be Converted or paid in full and (iii) on the Termination Date.
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Base Rate Advance. Any Advance or portion of an Advance that bears interest based at the Base Rate. BCG. See preamble. BOA. See preamble. Borrower. See preamble.
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Base Rate Advance. Each of a Prime Rate Advance, a LIBOR Advance and a Base Rate Advance is a "type" of Advance.
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Base Rate Advance. An Advance bearing interest calculated by reference to ----------------- the Base Rate. Base Rate Loans. Loans bearing interest calculated by reference to the --------------- Base Rate.
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Base Rate Advance. Each Base Rate Advance shall bear interest on the unpaid principal amount thereof until payment in full at the Effective Base Rate, but in no event to exceed the Highest Lawful Rate. Any change in the interest rate accruing on an Advance resulting from a change in the Base Rate shall become effective as of the opening of business on the day on which such change in the Base Rate shall occur.
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Base Rate Advance. An Advance which Borrower requests to be made as a Base Rate Advance or which is reborrowed as a Base Rate Advance, in accordance with the provisions of ss.2.1.5(b) hereof.
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Base Rate Advance. Each Base Rate Advance shall bear interest on the outstanding principal amount thereof, at a floating rate per annum equal to the Base Rate; and
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Related to Base Rate Advance

  • Base Rate Advances During such periods as such Advance is a Base Rate Advance, a rate per annum equal at all times to the sum of (x) the Base Rate in effect from time to time plus (y) the Applicable Margin in effect from time to time, payable in arrears quarterly on the last day of each March, June, September and December during such periods and on the date such Base Rate Advance shall be Converted or paid in full.

  • Eurocurrency Rate Advances During such periods as such Advance is a Eurocurrency Rate Advance, a rate per annum equal at all times during each Interest Period for such Advance to the sum of (x) the Eurocurrency Rate for such Interest Period for such Advance plus (y) the Applicable Margin in effect from time to time, payable in arrears on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on each day that occurs during such Interest Period every three months from the first day of such Interest Period and on the date such Eurocurrency Rate Advance shall be Converted or paid in full.

  • Eurodollar Rate Advances During such periods as such Advance is a Eurodollar Rate Advance, a rate per annum equal at all times during each Interest Period for such Advance to the sum of (x) the Eurodollar Rate for such Interest Period for such Advance plus (y) the Applicable Margin in effect from time to time, payable in arrears on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on each day that occurs during such Interest Period every three months from the first day of such Interest Period and on the date such Eurodollar Rate Advance shall be Converted or paid in full.

  • Base Rate Loans During such periods as Revolving Loans shall be comprised in whole or in part of Base Rate Loans, such Base Rate Loans shall bear interest at a per annum rate equal to the Adjusted Base Rate.

  • Additional Interest on Eurodollar Rate Advances The Borrower shall pay to each Lender, so long as such Lender shall be required under regulations of the Board of Governors of the Federal Reserve System to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency Liabilities, additional interest on the unpaid principal amount of each Eurodollar Rate Advance of such Lender, from the date of such Advance until such principal amount is paid in full, at an interest rate per annum equal at all times to the remainder obtained by subtracting (i) the Eurodollar Rate for the Interest Period for such Advance from (ii) the rate obtained by dividing such Eurodollar Rate by a percentage equal to 100% minus the Eurodollar Rate Reserve Percentage of such Lender for such Interest Period, payable on each date on which interest is payable on such Advance. Such additional interest shall be determined by such Lender and notified to the Borrower through the Administrative Agent, and such determination shall be conclusive and binding for all purposes, absent manifest error.