CB Floating Rate Loan definition

CB Floating Rate Loan means any or all of the Revolving Credit Loans bearing interest based upon the CB Floating Rate.
Sample 1

Examples of CB Floating Rate Loan in a sentence

  • Borrower shall pay interest to Bank on the outstanding and unpaid principal amount of the Revolving Credit Loans at a rate per annum as follows (1) for a CB Floating Rate Loan at a rate equal to the CB Floating Rate, and (2) for a LIBOR Loan at a rate equal to the Adjusted LIBOR Rate plus the Applicable Margin.

  • In the case of a CB Floating Rate Loan, Borrower may, upon at least one (1) Business Day prior written notice (effective upon receipt) to Bank, prepay the Revolving Credit Loans in whole or in part with accrued interest to the date of such prepayment on the amount prepaid, provided that each partial prepayment shall be in a principal amount of not less than $100,000.

  • Loans shall bear interest at a rate equal to, at the Company’s option, in the case of a CB Floating Rate Loan, as defined in the Revolving Credit Agreement, the Prime Rate, as defined in the Revolving Credit Agreement; provided that, the CB Floating Rate shall never be less than the Adjusted One Month LIBOR Rate, or for a LIBOR Loan, at a rate equal to the Adjusted LIBOR Rate plus the Applicable Margin, as such terms are defined in the Revolving Credit Agreement.

  • If such Eurocurrency Loan is denominated in any Alternative Currency, it shall be exchanged into its US Dollar Equivalent amount and be converted into a CB Floating Rate Loan.

  • Applicable Margin means 0.0% per annum with respect to any CB Floating Rate Loan and 0.87% per annum with respect to any LIBOR Loan.

  • Each such notice must specify (1) the date of the requested Revolving Credit Loan, (2) the amount of the requested Revolving Credit Loan, (3) whether the requested Revolving Credit Loan is a CB Floating Rate Loan or a LIBOR Loan, and (4) in the case of a LIBOR Loan, the duration of the Interest Period applicable to such Loan.

  • If Borrower fails to give Bank the notice specified above for the renewal or conversion of a LIBOR Loan prior to the end of the Interest Period of such LIBOR Loan, such LIBOR Loan shall automatically be converted into a CB Floating Rate Loan on the last day of the Interest Period for such LIBOR Loan.

  • It can be found that the point of application (h/H) increase with the decrease of spacing d, and all test data are higher than the value of h/H = 0.33.

  • In the case of a CB Floating Rate Loan, Borrower shall give Bank telephonic notice (immediately confirmed in writing) of each Revolving Credit Loan by 11:00 a.m. on the day of making such CB Floating Rate Loan.

  • Until each Lender funds its CB Floating Rate Loan or L/C Advance pursuant to this Section 2.19(c) to reimburse the L/C Issuer for any amount drawn under any Letter of Credit, accrued interest in respect of such Lender=s Pro Rata Share of such amount shall be solely for the account of the L/C Issuer.

Related to CB Floating Rate Loan

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

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

  • Floating Rate Advance means an Advance which bears interest at the Floating Rate.

  • Fixed Rate Loans means CD Loans or Euro-Dollar Loans or Money Market Loans (excluding Money Market LIBOR Loans bearing interest at the Base Rate pursuant to Section 8.01(a)) or any combination of the foregoing.

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

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

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

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

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

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

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

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

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

  • LIBOR Advance means an Advance bearing interest at a rate based upon the LIBOR Rate.

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

  • Eurodollar Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the applicable Eurodollar Rate.

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

  • LIBOR Rate Loans means Loans bearing interest at rates determined by reference to the Adjusted LIBOR Rate as provided in subsection 2.2A.

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

  • 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).

  • LIBOR Rate Advance means an Advance which bears interest at a LIBOR Rate.

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

  • Eurocurrency Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the applicable Eurocurrency Rate.