Examples of Bid Rate Loan in a sentence

Any Designated Lender which funds a Bid Rate Loan shall on and after the time of such funding become the obligee in respect of such Bid Rate Loan and be entitled to receive payment thereof when due.
No Lender shall be relieved of its obligation to fund a Bid Rate Loan, and no Designated Lender shall assume such obligation, prior to the time the applicable Bid Rate Loan is funded.
Any assignment by the Designating Lender to the Designated Lender of rights to make a Bid Rate Loan shall only be effective at the time such Bid Rate Loan is funded by the Designated Lender.
The Borrower shall repay the entire outstanding principal amount of, and all accrued but unpaid interest on, each Bid Rate Loan on the last day of the Interest Period of such Bid Rate Loan.
No Revolving Lender shall be relieved of its obligation to fund a Bid Rate Loan, and no Designated Lender shall assume such obligation, prior to the time the applicable Bid Rate Loan is funded.

More Definitions of Bid Rate Loan

Bid Rate Loan shall have the meaning set forth in Section 3.1.

Bid Rate Loan means a loan made by a Lender under Section 2.2.(b).

Bid Rate Loan means a loan by a Lender to the Borrower as part of a Bid Rate Advance resulting from the applicable auction bidding procedure described in SECTION 2.10.

Bid Rate Loan means a Borrowing made up of Advances by all of those Lenders whose Bid Rate Bids have been accepted by Borrower pursuant to the same Bid Request under the bidding procedure described in Section 2.07 for the same Interest Period and interest rate (with the understanding that two Bid Rate Loans may be made pursuant to a single Bid Request).

Bid Rate Loan means a Disbursement by any Lender pursuant to Section 2.2.

Bid Rate Loan means an Advance the interest rate on which is determined by agreement between Borrower and Lender making such Advance pursuant to Section 3.7.