CP Loan definition
Examples of CP Loan in a sentence
Each Conduit Lender shall use its commercially reasonable efforts to fund its portion of each requested Advance as a CP Loan.
It is the intent of each Conduit Lender to fund its Loans hereunder through the issuance of Commercial Paper Notes and each Conduit Lender shall use its commercially reasonable efforts to fund each Loan as a CP Loan.
Each Co-Agent shall from time to time advise Borrower and Collection Agent whether a Loan is a CP Loan or an Alternative Rate Loan, and of the interest rate applicable to each Interest Period thereof.
Each Co-Agent shall from time to time advise Borrower and Servicer whether a Loan is a CP Loan or an Alternative Rate Loan, and of the interest rate applicable to each Interest Period thereof.
The Lender will use its commercially reasonable efforts to fund each Loan as a CP Loan.
Notwithstanding the foregoing, interest accruing pursuant to clause (ii) above shall be payable from time to time on demand and each prepayment of a CP Loan shall be accompanied by accrued interest to the date of such prepayment on the amount prepaid together with any breakage costs as contemplated by the Loan Agreement and the other Operative Documents.
Each Domestic Swingline Loan shall be a CBFR Loan and each Canadian Swingline Loan shall be a CP Loan or a USBR Loan.
The Administrator shall from time to time advise the Borrower and the Servicer whether a Loan is a CP Loan or an Alternative Rate Loan, and of the interest rate applicable to each Interest Period thereof.
Each Domestic Swingline Loan shall be a CBFR Loan, each Canadian Swingline Loan shall be a CP Loan or a USBR Loan and each European Swingline Loan shall be an Overnight LIBO Rate Loan.
Each CP Loan shall be evidenced by a single promissory note of the Borrower (each a "CP Note"), in the form of the "Promissory Note - Commercial Paper Loans" set forth on Exhibit A annexed hereto, payable to the order of the lending Bank.