Base Rate Loan definition: Copy, customize, and use instantly
Introduction
The term "Base Rate Loan" refers to a loan with an interest rate tied to a benchmark base rate, such as a central bank rate or a financial institution's internal lending rate. It is essential for determining borrowing costs, ensuring transparency, and aligning loan pricing with market conditions.
Below are various examples of how "Base Rate Loan" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Base Rate Loan" in a corporate credit facility
This definition ties "Base Rate Loan" to business financing.
"Base Rate Loan" means any loan bearing interest at a rate per annum determined by reference to the Base Rate, as specified in the applicable credit agreement.
Definition of "Base Rate Loan" in a revolving credit arrangement
This definition connects "Base Rate Loan" to revolving credit usage.
"Base Rate Loan" refers to a loan advanced under a revolving credit facility that bears interest at the lender’s base rate, subject to fluctuations in the reference rate.
Definition of "Base Rate Loan" in an acquisition financing agreement
This definition links "Base Rate Loan" to leveraged buyouts and corporate takeovers.
"Base Rate Loan" means a loan made to finance an acquisition, with interest calculated based on the lender’s published base rate plus any applicable margin.
Definition of "Base Rate Loan" in a syndicated loan agreement
This definition applies "Base Rate Loan" to multi-lender financing structures.
"Base Rate Loan" refers to a loan provided by one or more lenders under a syndicated loan arrangement, bearing interest at the base rate determined by the administrative agent.
Definition of "Base Rate Loan" in an asset-backed lending facility
This definition ties "Base Rate Loan" to secured financing.
"Base Rate Loan" means a loan secured by specific assets, with interest accruing at a rate linked to the lender’s base rate, adjusted periodically.
Definition of "Base Rate Loan" in a construction loan agreement
This definition connects "Base Rate Loan" to real estate development financing.
"Base Rate Loan" refers to a loan disbursed in stages to fund construction projects, accruing interest at a floating base rate throughout the project duration.
Definition of "Base Rate Loan" in a bridge financing arrangement
This definition links "Base Rate Loan" to short-term funding solutions.
"Base Rate Loan" means a short-term loan used as interim financing, accruing interest based on the lender’s base rate until permanent financing is secured.
Definition of "Base Rate Loan" in an interest rate conversion clause
This definition applies "Base Rate Loan" to flexible loan structures.
"Base Rate Loan" refers to a loan that may be converted from a fixed-rate or LIBOR-based loan to a base rate loan at the borrower’s election, subject to the terms of the loan agreement.
Definition of "Base Rate Loan" in a working capital loan agreement
This definition ties "Base Rate Loan" to operational liquidity.
"Base Rate Loan" means a loan provided to finance the short-term working capital needs of a business, bearing interest at the base rate plus an applicable margin.
Definition of "Base Rate Loan" in a term loan agreement
This definition connects "Base Rate Loan" to long-term borrowing.
"Base Rate Loan" refers to a loan with a fixed repayment schedule that accrues interest at a rate linked to the lender’s base rate, adjusted periodically.
Definition of "Base Rate Loan" in a subordinated debt agreement
This definition links "Base Rate Loan" to junior debt financing.
"Base Rate Loan" means a loan that ranks below senior debt in repayment priority, accruing interest at a base rate determined by the lending institution.
Definition of "Base Rate Loan" in an overdraft facility
This definition applies "Base Rate Loan" to short-term borrowing against an account.
"Base Rate Loan" refers to an overdraft facility that permits a borrower to withdraw funds beyond their account balance, with interest charged at the prevailing base rate.
Definition of "Base Rate Loan" in a standby liquidity facility
This definition ties "Base Rate Loan" to emergency liquidity support.
"Base Rate Loan" means a loan disbursed under a standby facility to provide liquidity during financial distress, accruing interest at a base rate determined by the lender.
Definition of "Base Rate Loan" in a cross-border financing agreement
This definition connects "Base Rate Loan" to international lending.
"Base Rate Loan" refers to a loan issued in multiple jurisdictions, where the base rate is adjusted according to the prevailing reference rate of the applicable currency.
Definition of "Base Rate Loan" in an agricultural loan facility
This definition links "Base Rate Loan" to farming and agribusiness lending.
"Base Rate Loan" means a loan granted to agricultural enterprises, bearing interest at a floating base rate set by the lending institution.
Definition of "Base Rate Loan" in a mezzanine financing arrangement
This definition applies "Base Rate Loan" to hybrid capital structures.
"Base Rate Loan" refers to a loan with features of both debt and equity, accruing interest at the lender’s base rate while offering potential equity conversion options.
Definition of "Base Rate Loan" in an export credit facility
This definition ties "Base Rate Loan" to international trade finance.
"Base Rate Loan" means a loan issued under an export credit arrangement, with interest calculated at a base rate influenced by global market conditions.
Definition of "Base Rate Loan" in a non-recourse project finance loan
This definition connects "Base Rate Loan" to infrastructure and energy projects.
"Base Rate Loan" refers to a loan secured solely by project assets, with interest accruing at a base rate set by the lending consortium.
Definition of "Base Rate Loan" in a factoring finance arrangement
This definition links "Base Rate Loan" to receivables financing.
"Base Rate Loan" means a loan extended against accounts receivable, where the interest rate is determined by the lender’s base rate plus an applicable spread.
Definition of "Base Rate Loan" in a leveraged finance agreement
This definition ties "Base Rate Loan" to high-debt corporate transactions.
"Base Rate Loan" means a loan issued as part of a leveraged financing structure, accruing interest based on the lender’s base rate, subject to periodic adjustments.
Definition of "Base Rate Loan" in a debt restructuring agreement
This definition connects "Base Rate Loan" to modified loan terms.
"Base Rate Loan" refers to a loan that has been restructured to accrue interest at the base rate as part of a broader debt modification or refinancing plan.
Definition of "Base Rate Loan" in an institutional lending agreement
This definition links "Base Rate Loan" to large-scale financial institutions.
"Base Rate Loan" means a loan provided by an institutional lender, where the interest rate is determined by reference to its established base rate.
Definition of "Base Rate Loan" in a real estate financing agreement
This definition applies "Base Rate Loan" to property development and acquisition.
"Base Rate Loan" refers to a loan secured by real estate assets, with an interest rate set by the lender’s prevailing base rate.
Definition of "Base Rate Loan" in a club loan arrangement
This definition ties "Base Rate Loan" to multi-lender financing.
"Base Rate Loan" means a loan issued under a club loan structure, where multiple lenders provide funds at a base rate set by the administrative agent.
Definition of "Base Rate Loan" in an equipment financing facility
This definition connects "Base Rate Loan" to asset-based lending.
"Base Rate Loan" refers to a loan secured by equipment, with interest accruing at a base rate determined by the lender’s pricing model.
Definition of "Base Rate Loan" in a private equity financing arrangement
This definition links "Base Rate Loan" to investment firm transactions.
"Base Rate Loan" means a loan issued to a private equity firm or portfolio company, accruing interest at the lender’s base rate.
Definition of "Base Rate Loan" in a trade finance facility
This definition applies "Base Rate Loan" to import-export funding.
"Base Rate Loan" refers to a loan provided under a trade finance facility, bearing interest at a floating base rate linked to market benchmarks.
Definition of "Base Rate Loan" in a leveraged recapitalization agreement
This definition ties "Base Rate Loan" to corporate capital restructuring.
"Base Rate Loan" means a loan issued as part of a leveraged recapitalization, with interest accruing at a base rate determined by the lending institution.
Definition of "Base Rate Loan" in an intercompany loan agreement
This definition connects "Base Rate Loan" to related-entity lending.
"Base Rate Loan" refers to a loan issued between affiliated companies, accruing interest at a base rate determined by the parent entity or lender.
Definition of "Base Rate Loan" in a sovereign lending facility
This definition links "Base Rate Loan" to government borrowing.
"Base Rate Loan" means a loan issued to a sovereign borrower, with an interest rate calculated based on the lending institution’s base rate.
Definition of "Base Rate Loan" in a standby letter of credit-backed loan
This definition applies "Base Rate Loan" to credit-backed lending.
"Base Rate Loan" refers to a loan secured by a standby letter of credit, with interest accruing at a floating base rate.
Definition of "Base Rate Loan" in an energy sector financing agreement
This definition ties "Base Rate Loan" to power and utilities financing.
"Base Rate Loan" means a loan provided for energy projects, bearing interest at a lender’s base rate, adjusted according to sector-specific risk factors.
Definition of "Base Rate Loan" in a subordinated mezzanine debt structure
This definition connects "Base Rate Loan" to junior capital financing.
"Base Rate Loan" refers to a mezzanine loan that accrues interest at a base rate, with potential equity participation rights.
Definition of "Base Rate Loan" in a factoring-based working capital facility
This definition links "Base Rate Loan" to invoice-based financing.
"Base Rate Loan" means a working capital loan secured by accounts receivable, where the interest rate fluctuates based on the lender’s base rate.
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