COF Rate Loan definition

COF Rate Loan means any Loan bearing interest based upon the COF Rate.
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Examples of COF Rate Loan in a sentence

  • The Borrower, upon three (3) Business Days' prior notice to the Bank, may elect to convert all or a portion of a Prime Rate Loan under the Revolving Credit to a Libor Rate Loan in increments of $1,000,000.00 and upon one (1) Business Days' prior notice to the Bank, may elect to convert all or a portion of the Term Loan to a COF Rate Loan in increments of $1,000,000.00.

  • Any portion of the Term Loan bearing interest based upon the Cost of Funds Rate, with applicable margin, shall be referred to as the "COF Rate Loan".

  • All or any part of outstanding Loans (other than Swing Line Loans or Daylight Overdraft Loans) may be Converted as provided herein, provided, however, that no Loan may be Converted into a COF Rate Loan when any Event of Default has occurred and is continuing and the Administrative Agent has or the Required Lenders have determined that such a Conversion is not appropriate.

  • The Borrowers may elect from time to time to Convert one Type of Loan to another Type of Loan (other than converting a Base Rate Loan or COF Rate Loan to a Eurodollar Loan), by giving the Administrative Agent irrevocable notice of such election by 11:00 a.m., New York City time two Business Days’ prior to the effective date of such election.

  • Principal outstanding on the Loans shall bear interest at the rates provided above, as selected by the Borrower following adequate notice to the Bank, which in the case of the making of or conversion to a Libor Rate Loan, shall not be less than three (3) Business Days prior to the commencement of any Libor Rate Loan and in the case of a COF Rate Loan shall not be less than one (1) Business Day prior to the commencement of any COF Rate Loan.

  • Any prepayment of a Libor Rate Loan or COF Rate Loan is subject to the terms of Section 2.04.7. Prepayments of the Term Loan shall be applied to installments of principal in the inverse order of their due date.

Related to COF Rate Loan

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

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

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

  • Prime Rate Loan means the Loan at such time as interest thereon accrues at a rate of interest based upon the Prime Rate.

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

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

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

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

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

  • LIBOR Rate Loans means the Loans bearing interest with reference to the LIBOR Rate.

  • Fixed Rate Loans means 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.

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

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

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

  • Bid Rate Loan means a loan made by a Lender under Section 2.2.

  • Canadian Prime Rate Loan means any Loan made to the Borrower in Canadian Dollars which bears interest based upon the Canadian Prime Rate as provided in Section 4.1(a).

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

  • Prime Rate Loans means any Loans or portion thereof on which interest is payable based on the Prime Rate in accordance with the terms thereof.

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

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

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

  • Absolute Rate Loan means a Bid Rate Loan, the interest rate on which is determined on the basis of an Absolute Rate pursuant to an Absolute Rate Auction.

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