Cost of Funds Loan. Loans the rate of interest of which is based upon the Cost of Funds Rate.
Cost of Funds Loan means a Revolving Credit Loan that bears interest at a rate based on the Cost of Funds Rate.
Cost of Funds Loan means a Loan for which the interest rate is the Cost of Funds Rate, plus the Applicable Cost of Funds Margin.
Examples of Cost of Funds Loan in a sentence
Whenever the Borrower desires to incur a Loan, it shall give written notice to the Bank, prior to (i) 12:00 Noon (New York time), at least three Business Days' prior to the date on which the Loan will be disbursed, if the requested Loan is to be a Eurodollar Loan, or (ii) 3:00 P.M. (New York time) on the date on which the Loan will be disbursed if the requested Loan is to be a Cost of Funds Loan or a Prime Rate Loan.
More Definitions of Cost of Funds Loan
Cost of Funds Loan means any Revolving Loan, Equipment Loan or Second Term Loan or portion of the Revolving Loan or Equipment Loan which bears interest with reference to the Cost of Funds.
Cost of Funds Loan means any LOAN bearing interest at a rate determined by reference to COST OF FUNDS. ''CREDIT LINE'' means a discretionary and uncommitted line of credit which the BANK establishes for the BORROWER pursuant to SECTION 2.01 hereof up to the amount referred to therein but the unused portion of which may be terminated in whole or reduced in part pursuant to SECTION 2.02 hereof. This CREDIT LINE shall not be construed as the commitment of the BANK to make any LOAN or extension of credit.
Cost of Funds Loan means a Revolving Credit Loan or Term Loan ------------------ hereunder that bear interest for the Interest Period applicable thereto at a fixed rate of interest determined by reference to the Cost of Funds plus the applicable margin.
Cost of Funds Loan means any Loan when and to the extent the interest rate therefor is determined on the basis of the Cost of Funds Rate plus one and one-half (1 1/2%) percentage points.
Cost of Funds Loan. Revolving Credit Loans the rate of interest of which is based upon the Cost of Funds.
Cost of Funds Loan means any loan described in Section 4 hereof on which the Borrowing shall pay interest at a rate based on the Cost of Funds;
Cost of Funds Loan. ' means any LOAN bearing interest at a rate determined by reference to COST OF FUNDS.