Base Rate Note definition

Base Rate Note means any Note when and to the extent that the interest rate therefor is determined by reference to the Base Rate.
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Base Rate Note means a Note bearing interest, at all times during an Interest Period applicable to such Note, at a rate of interest determined by reference to the Base Rate.
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Base Rate Note means a Note, or portion thereof, that bears interest at a rate determined by reference to the Base Rate.
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Examples of Base Rate Note in a sentence

  • Such Foreign Borrower shall have executed and delivered to the Administrative Agent a Revolving Note, a Canadian Base Rate Note or a BA Equivalent Note, as the case may be, for the account of each Lender that has requested a Note.

  • In case an Event of Default shall occur and be continuing, the principal of and accrued interest on this Canadian Base Rate Note may be declared to be due and payable in the manner and with the effect provided in the Credit Agreement.

  • If the affected Eurodollar Note is then outstanding, such Note shall be converted to a Base Rate Note either (i) on the last day of the then current Interest Period applicable to such Eurodollar Note if such Purchaser may lawfully continue to maintain such Note to such date or (ii) immediately if such Purchaser shall determine that it may not lawfully continue to maintain such Eurodollar Note to such date.

  • To the extent that this Note is a Euro-Dollar Rate Note, if an Event of Default shall exist upon the expiration of the Interest Period applicable to this Note, this Note automatically shall be converted into a Base Rate Note.

  • For so long as and to the extent that this Note is a Base Rate Note, interest on this Note shall be computed on the basis of a 365/366-day year and the actual number of days elapsed (including the first and excluding the last day of the period).

  • Under certain circumstances, this Note, to the extent it is a Euro-Dollar Rate Note, will be converted into a Base Rate Note.

  • Each Bank's Loans, and the Borrower's obligation to repay such Loans with interest in accordance with the terms of this Agreement, shall be evidenced by this Agreement, the records of such Bank and, in the case of Loans that are Base Rate Loans, a single Base Rate Note payable to the order of such Bank, in the case of Loans that are LIBOR Loans, a single LIBOR Note payable to the order of such Bank, and, in the case of any Loan that is a Bid Loan, a single Bid Note payable to the order of such Bank.

  • This Canadian Base Rate Note shall be construed in accordance with and be governed by the laws of the State of New York without regard to its conflict of laws principles.

  • As provided in the Credit Agreement, this Canadian Base Rate Note is subject to mandatory repayment prior to the Revolving Facility Termination Date, in whole or in part.

  • The Borrower[s] hereby waive[s] presentment, demand, protest or notice of any kind in connection with this Canadian Base Rate Note.


More Definitions of Base Rate Note

Base Rate Note means a promissory note (pagare), in substantially the form of Exhibit B-1 in the case of a ▇▇▇▇ ▇videncing Tranche A Term Loans, Exhibit B-3 in the case of a note evidencing Tranche A Revolving Notes, and Exhibit B-5 in the case of a note evidencing Tranche B Loans, in each case executed by Comercial (and signed por aval by Vitrocrisa and in the case of a Base Rate Note evidencing a Tranche A Loan also signed por aval by Vitro) in favor of each relevant Lender.
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Base Rate Note means a promissory note in the form of Exhibit A-1.
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Related to Base Rate Note

  • Fixed Rate Note means a Note on which interest is calculated at a fixed rate payable in arrear on a fixed date or fixed dates in each year and on redemption or on such other dates as may be agreed between the Issuer and the relevant Dealer(s) (as indicated in the applicable Final Terms);

  • Floating Rate Note means a Note on which interest is calculated at a floating rate, payable in arrear on one or more Interest Payment Dates in each year as may be agreed between the Issuer and the relevant Dealer, as indicated in the applicable Final Terms;

  • Bid Rate Note means a promissory note of the Borrower substantially in the form of Exhibit B, payable to the order of a Lender as originally in effect and otherwise duly completed.

  • Federal Funds Open Rate Note Unless otherwise specified on the face hereof, “Federal Funds Open Rate” means the rate set forth on Moneyline Telerate (or any successor service) on page 5 (or any other page as may replace the specified page on that service) for an Interest Determination Date underneath the caption “FEDERAL FUNDS” in the row titled “OPEN”. If the rate is not available for an Interest Determination Date, the rate for that Interest Determination Date shall be the Federal Funds Rate as determined below.

  • Floating Rate Notes means the Class A-2b Notes.