Alternative Rate Loan definition

Alternative Rate Loan means any Loan that is not funded with Commercial Paper Notes, including, without limitation, any Loan from and after the time, if any, when the applicable Conduit Lender transfers such Loan, or borrows to finance such Loan, under its Liquidity Agreement.
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Alternative Rate Loan means the Loan or any portion thereof at any time during which the Interest Rate for the Loan or such portion thereof, as the case may be, is calculated with reference to the Alternative Rate in accordance with the provisions of Article II.
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Alternative Rate Loan means any Alternative Rate Term Loan or Alternative Rate Revolving Loan.
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Examples of Alternative Rate Loan in a sentence

  • Each Co-Agent shall from time to time advise Borrower and Collection Agent whether a Loan is a CP Loan or an Alternative Rate Loan, and of the interest rate applicable to each Interest Period thereof.

  • The Administrator shall from time to time advise the Borrower and the Servicer whether a Loan is a CP Loan or an Alternative Rate Loan, and of the interest rate applicable to each Interest Period thereof.

  • Each Co-Agent shall from time to time advise Borrower and Servicer whether a Loan is a CP Loan or an Alternative Rate Loan, and of the interest rate applicable to each Interest Period thereof.

  • Accrued but unpaid interest on each Alternative Rate Loan shall be paid on the last day of each Applicable Interest Period, on the date of any principal payment (to the extent accrued on the principal amount paid) and at maturity and, additionally, in the case of an Alternative Rate Loan for which the Applicable Interest Period exceeds three months, on the day that is three months after the commencement of such Applicable Interest Period and on the last day of each three-month period thereafter.

  • If such notice is given, each Loan of such Bank then outstanding at the Euro-Dollar Rate shall be converted to an Alternative Rate Loan either (i) on the last day of the then current Interest Period applicable to such Loan if such Bank may lawfully continue to maintain and fund such Loan to such day or (ii) immediately if such Bank shall determine that it may not lawfully continue to maintain and fund such Loan to such day.

  • Except as provided in Section 2.5(e), if an Alternative Rate Loan is paid prior to the end of the Applicable Interest Period, a fee computed in the manner set out in Schedule 2 shall be assessed and paid at the time of such payment.

  • To the extent that a Substitute Rate is not so agreed upon by the Borrower and any of the affected Lenders within such time, each Alternative Rate Loan of such affected Lender shall thereafter bear interest at the COF Rate.

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  • To the extent that a Substitute Rate is not so agreed upon by the Borrower and any of the affected Lenders within such time, each Alternative Rate Loan of such affected Lender denominated in the affected Alternative Currency shall thereafter bear interest at the COF Rate.

  • Interest and principal on any such Alternative Rate Loan shall be payable on the same dates as, and on a pro rata basis with, the interest and principal payable on the related Loans at the Euro-Dollar Rate of the other Banks.


More Definitions of Alternative Rate Loan

Alternative Rate Loan means a Loan that bears interest based upon the Alternative Rate.
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Alternative Rate Loan means a Loan bearing interest at a rate per annum equal to the sum of the Alternative Rate and the Euro-Dollar Margin.
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Alternative Rate Loan has the meaning specified in Clause 2.12(a) (Illegality) of the Receivables Loan Agreement.
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Alternative Rate Loan means each portion of a Loan bearing interest at the Alternative Rate. “Anti-Corruption Laws” means all laws, rules, and regulations of any jurisdiction applicable to any Loan Party from time to time concerning or relating to bribery or corruption, including without limitation the United States Foreign Corrupt Practices Act of 1977, as amended and other similar legislation in any other jurisdictions. “Anti-Money Laundering Laws” means applicable laws or regulations in any jurisdiction in which the Borrower or any Loan Party is located or doing business that relates to money laundering, any predicate crime to money laundering, or any financial record keeping and reporting requirements related thereto. “Applicable Advance Rate” means, for each Borrowing Base Eligible Asset, the percentage as set forth below: Senior Commercial Real Estate Loan: 75% Senior Commercial Real Estate Construction Loan: 65% Subordinated Commercial Real Estate Loan: 50% Preferred Equity Investment: 45% Borrowing Base Debt Subsidiary: 50% Triple Net Leased Properties: 40% The Applicable Advance Rate for a Borrowing Base Eligible Asset comprised of equity interests in a Borrowing Base Subsidiary (other than a Borrowing Base Debt Subsidiary) shall be determined and applied with respect to each Mortgage Asset held by such Borrowing Base Subsidiary based on the Applicable Advance Rates applicable to such type of Mortgage Asset as set forth above. “Applicable Margin” means (a) for the period of time following the First Amendment Effective Date, the per annum rate as set forth below: Prior to 39th month anniversary of the First Amendment Effective Date: 5.000%
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Related to Alternative Rate Loan

  • Reference Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the Reference Rate.

  • LIBOR Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the LIBOR Rate.

  • CDOR Rate Loan means a Loan denominated in Canadian Dollars the rate of interest applicable to which is based on the CDOR Rate.

  • Index Rate Loan means a Loan or portion thereof bearing interest by reference to the Index Rate.

  • Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.

  • Alternative Rate means an alternative benchmark or screen rate which the Independent Adviser determines in accordance with Condition 5(j)(ii) is customarily applied in international debt capital markets transactions for the purposes of determining rates of interest (or the relevant component part thereof) in the same Specified Currency as the Notes.

  • LIBOR Loan means a Loan or any portion thereof bearing interest by reference to the LIBOR Rate.

  • LIBO Rate Loan means a Loan bearing interest, at all times during an Interest Period applicable to such Loan, at a fixed rate of interest determined by reference to the LIBO Rate (Reserve Adjusted).

  • Base Rate Loan means a Loan that bears interest based on the Base Rate.

  • Floating Rate Loan means a Loan which bears interest at the Floating Rate.

  • Prime Rate Loan means any Loan bearing interest at a rate determined by reference to the Prime Rate in accordance with the provisions of Article II.

  • Alternative Currency Term Rate Loan means a Loan that bears interest at a rate based on the definition of “Alternative Currency Term Rate.” All Alternative Currency Term Rate Loans must be denominated in an Alternative Currency.

  • U.S. Base Rate Loan means a Loan denominated in Dollars which bears interest at a rate based upon the U.S. Base Rate.

  • Term SOFR Rate Loan means a Loan that bears interest based on the Term SOFR Rate.

  • Offshore Rate Loan means a Loan that bears interest based on the Offshore Rate.

  • Eurodollar Rate Committed Loan means a Committed Loan that bears interest at a rate based on the Eurodollar Rate.

  • Alternate Base Rate Loan means a Loan which bears interest at the Alternate Base Rate or the Default Rate.

  • Alternative Currency Daily Rate Loan means a Loan that bears interest at a rate based on the definition of “Alternative Currency Daily Rate.” All Alternative Currency Daily Rate Loans must be denominated in an Alternative Currency.

  • Dollar Loan means a Loan denominated in Dollars.

  • Eurocurrency Rate Loan means a Loan that bears interest at a rate based on the Eurocurrency Rate.

  • Eurocurrency Rate Advance means a Revolving Credit Advance denominated in Dollars or a Committed Currency that bears interest as provided in Section 2.07(a)(ii).

  • Alternative Currency Loan means an Alternative Currency Daily Rate Loan or an Alternative Currency Term Rate Loan, as applicable.

  • Eurodollar Rate Loan means a Loan that bears interest at a rate based on the Eurodollar Rate.

  • Eurodollar Rate Borrowing means a Borrowing comprised of Eurodollar Rate Loans.

  • Alternate Currency Loan means any Loan denominated in an Alternate Currency.

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.