FFR Loan definition

FFR Loan means any Loan bearing interest at a rate determined by reference to the Federal Funds Rate in accordance with the provisions of Article 2.
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Examples of FFR Loan in a sentence

  • Except to the extent converted to another Type of Loan in accordance with Section 2.2(d) or prepaid in accordance with Section 2.5, each FFR Loan shall be automatically converted to an ABR Loan at the end of the initial Interest Period therefor.

  • Strictly speaking, past reliability is not a cause of current reliability.

  • Prior to the Maturity Date, the Borrower may elect to (i) convert all or any portion of any ABR Loan to a LIBOR Loan, (ii) convert all or any portion of any FFR Loan to an ABR Loan or a LIBOR Loan, (iii) convert all or any portion of any LIBOR Loan to an ABR Loan, or (iv) continue any LIBOR Loan as a LIBOR Loan having an additional Interest Period.

  • Notwithstanding anything herein to the contrary, (x) in no event shall the Borrower be permitted to borrow a LIBOR Loan if, immediately after giving effect thereto, there would be more than ten (10) LIBOR Loans outstanding, and (y) in no event shall the Borrower be permitted to borrow an FFR Loan if, immediately after giving effect thereto, the aggregate outstanding principal amount of all FFR Loans would exceed $6,500,000.

  • Each such telephonic and written Borrowing Request shall specify: (I) the requested date for such Loan (which shall be a Business Day), (II) whether such Loan is to be an ABR Loan, an FFR Loan or a LIBOR Loan, (III) the amount of such Loan, which shall be an integral multiple of $1,000,000, and (IV) with respect to each LIBOR Loan, the Interest Period therefor.

Related to FFR Loan

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • PPP Loan means the loan made to the Company by the PPP Lender pursuant to the PPP Loan Agreement, for the principal amount of $905,207.00, pursuant to the requirements of the Paycheck Protection Program under the CARES Act.

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • Subsidy Loan Any Mortgage Loan subject to a temporary interest subsidy agreement pursuant to which the monthly interest payments made by the related Mortgagor will be less than the scheduled monthly interest payments on such Mortgage Loan, with the resulting difference in interest payments being provided by the employer of the Mortgagor. Each Subsidy Loan will be identified as such in the Mortgage Loan Schedule.

  • CD Loan means (i) a Committed Loan which bears interest at a CD Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election or (ii) an overdue amount which was a CD Loan immediately before it became overdue.

  • Sub-loan means a loan made or proposed to be made out of the proceeds of the Loan to a Beneficiary for a Development Project;

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

  • Term SOFR Loan means a Loan that bears interest at a rate based on clause (a) of the definition of Term SOFR.

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

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

  • MOM Loan With respect to any Mortgage Loan, MERS acting as the mortgagee of such Mortgage Loan, solely as nominee for the originator of such Mortgage Loan and its successors and assigns, at the origination thereof.

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

  • Eurodollar Loan means a Loan which bears interest at a Eurodollar Rate.

  • Dollar Loan means a Loan denominated in Dollars.

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

  • Buydown Loan A Mortgage Loan for which the Mortgage Interest Rate has been subsidized through a Buydown Fund provided at the time of origination of such Mortgage Loan.

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

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

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

  • Revolving Loan has the meaning specified in Section 2.01(a).

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

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

  • PMI Advance As defined in the related Servicing Agreement, if applicable.

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