Australian Bill Rate Loan means any Australian Dollar Loan during any Interest Xxxxod during which it bears interest based on the Australian Bill Rate.
Australian Bill Rate Loan means each portion of an Australian Revolver Loan or the Australian Floorplan Loans that bears interest at a rate determined by reference to the Australian Bill Rate. “Australian Borrowing Base Commencement Date” means the initial date after the Closing Date on which a satisfactory field examination and a satisfactory Inventory and Equipment appraisal with respect to Australian Borrowers has been completed by a field examiner and appraiser reasonably acceptable to the Agent.
Examples of Australian Bill Rate Loan in a sentence
On the last day of each applicable Interest Period, unless U.S. Borrowers and Australian Borrowers have properly exercised the SOFR Option or the Bill Rate Option, as with respect thereto, the interest rate applicable to such U.S. SOFR Rate Loan or Australian Bill Rate Loan, as applicable, automatically shall convert to the rate of interest then applicable to U.S. Base Rate Loans or Australian Base Rate Loans, as applicable of the same type hereunder.