Fixed Rate Bid Loan definition

Fixed Rate Bid Loan means any Bid Loan that bears interest determined with reference to a Fixed Rate.
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Fixed Rate Bid Loan any Bid Loan made at a fixed rate (as opposed to a rate based upon the Eurodollar Rate).
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Fixed Rate Bid Loan means a Competitive Bid Revolving Loan, bearing interest based on a fixed rate.
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Examples of Fixed Rate Bid Loan in a sentence

  • The Agent shall promptly after receipt by it of a Bid Loan Request pursuant to Section 2.08(a) notify the Banks of its receipt of such Bid Loan Request specifying (i) the identity of the applicable Borrower, (ii) the proposed Bid Loan Borrowing Date, (iii) whether the proposed Bid Loan shall be a Fixed Rate Bid Loan or a LIBOR Bid Loan, (iv) the Bid Loan Interest Period, (v) the principal amount of the proposed Bid Loan and (vi) the Approved Currency for such Bid Loan.

  • The Borrower shall irrevocably accept or reject Bids by notifying the Administrative Agent of such acceptance or rejection by telephone (immediately confirmed in writing by letter, facsimile or telex) not later than 11:00 a.m., Pittsburgh time, on the proposed Bid Loan Borrowing Date if Borrower is requesting a Fixed Rate Bid Loan and three (3) Business Days before the proposed Borrowing Date if Borrower is requesting a Euro-Rate Bid Loan.

  • Each Bank may submit a bid (a "Bid") to the Administrative Agent not later than 10:00 a.m., Columbus time, three (3) Business Days before the proposed Bid Loan Borrowing Date if Borrower is requesting a Fixed Rate Bid Loan or four (4) Business Days before the proposed Bid Loan Borrowing Date if Borrower is requesting a Euro-Rate Bid Loan by telephone (immediately confirmed in writing by letter, facsimile or telex).

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  • Each Bank may submit a bid (a "Bid") to the Administrative Agent not later than 10:00 A.M., Pittsburgh time, one (1) Business Day before the proposed Bid Loan Borrowing Date if Borrower is requesting a Fixed Rate Bid Loan or three (3) Business Days before the proposed Bid Loan Borrowing Date if Borrower is requesting a Euro-Rate Bid Loan by telephone (immediately confirmed in writing by letter, facsimile or telex).

  • The Agent shall promptly after receipt by it of a Bid Loan Request pursuant to Section 3.1 notify the Banks of its receipt of such Bid Loan Request, specifying (i) the proposed Borrower and Borrowing Date, (ii) the Bid Loan Interest Period, (iii) the principal amount of the proposed Bid Loan and (iv) whether such Bid Loan is to be a Euro-Rate Bid Loan or a Fixed Rate Bid Loan.

  • To the Shareholders of the Bank The following are the benefits as per the current tax laws to a shareholder in the Bank.

  • If the Agent in its capacity as a Bank shall, in its sole discretion, make a Bid, it shall notify the Borrower of such Bid before 10:00 A.M. Pittsburgh time one (1) Business Day before the proposed Bid Loan Borrowing Date if Borrower is requesting a Fixed Rate Bid Loan or three (3) Business Days before the proposed Bid Loan Borrowing Date if Borrower is requesting a Euro-Rate Bid Loan.

  • Each Bank may submit a bid (a "Bid") to the Agent not later than 11:00 A.M. Pittsburgh time one (1) Business Day before the proposed Bid Loan Borrowing Date if Borrower is requesting a Fixed Rate Bid Loan or three (3) Business Days before the proposed Bid Loan Borrowing Date if Borrower is requesting a Euro-Rate Bid Loan by telephone (immediately confirmed in writing by letter, facsimile or telex).

  • Each Bank may submit a bid (a "Bid") to the Administrative Agent not later than 10:00 a.m., Pittsburgh time, on the proposed Bid Loan Borrowing Date if Borrower is requesting a Fixed Rate Bid Loan or three (3) Business Days before the proposed Bid Loan Borrowing Date if Borrower is requesting a Euro-Rate Bid Loan by telephone (immediately confirmed in writing by letter, facsimile or telex).


More Definitions of Fixed Rate Bid Loan

Fixed Rate Bid Loan means any Bid Loan in Dollars made at a fixed rate (as opposed to a rate based upon the LIBOR Rate).
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Fixed Rate Bid Loan means a Bid Loan that bears interest under the Bid Loan Fixed Rate Option. Fronting Fee shall have the meaning assigned to such term in Section 2.03(c). GAAP shall mean generally accepted accounting principles as in effect from time to time in the United States, subject to the provisions of Section 1.03, applied on a consistent basis both as to classification of items and amounts.
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Fixed Rate Bid Loan has the meaning set forth in subsection 2.2A(i).
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Fixed Rate Bid Loan means a Bid Loan that bears interest under the Bid Loan Fixed Rate Option. Fronting Fee shall have the meaning assigned to such term in Section 2.03(c). FSA shall mean Financial Security Assurance Inc., a corporation organized under the laws of New York. FSAH shall mean Financial Security Assurance Holdings Ltd., a corporation organized under the laws of New York. FSAH Acquisition shall mean the acquisition by Holdings of all or substantially all of the outstanding capital stock of FSAH from Dexia Holdings, Inc. FSAH Purchase Agreement shall mean the purchase agreement, dated as of November 14, 2008, among Assured Guaranty Ltd., Dexia Holdings, Inc. and Dexia Credit Local S.A. FSAH Hybrid Securities shall mean the 6.40% Junior Subordinated Debentures with a scheduled maturity date of December 15, 2036 issued by FSAH on November 22, 2006, without giving effect to any amendment or modification thereof after the Second Amendment Effective Date. GAAP shall mean generally accepted accounting principles as in effect from time to time in the United States, subject to the provisions of Section 1.03, applied on a consistent basis both as to classification of items and amounts. Guaranteed Investment Contract shall mean, with respect to any Person, a guaranteed investment contract, funding agreement or similar agreement issued or entered into by such Person wherein such Person guarantees a rate of return on invested capital over the term of such contract or agreement. Guarantor shall mean Holdings, the Company and each Material Subsidiary which hereafter becomes a Guarantor after the date hereof pursuant to Section 10.18. Guarantor Joinder shall mean a joinder by a Person as a Guarantor under this Agreement, the Guaranty Agreement and the other Loan Documents in the form of Exhibit 1.01(G)(1). Guaranty of any Person shall mean any obligation of such Person guarantying or in effect guarantying any liability or obligation of any other Person in any manner, whether directly or indirectly, including any agreement to indemnify or hold harmless any other Person (other than as an incidental part of another transaction), any performance bond or other suretyship arrangement and any other form of assurance against loss, except endorsement of negotiable or other instruments for deposit or collection in the ordinary course of business. Guaranty Agreement shall mean one or more Guaranty Agreements in substantially the form of Exhibit 1.01(G)(2)-1, Exhibit 1.01(G)(2)-2 or Exhibit ...
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Fixed Rate Bid Loan means a Bid Loan that bears interest under the Bid Loan Fixed Rate Option. GAAP shall mean generally accepted accounting principles as are in effect from time to time, subject to the provisions of Section 1.3, and applied on a consistent basis both as to classification of items and amounts. Governmental Acts shall have the meaning assigned to that term in Section 2.6.8. Guarantor shall mean each of the parties to this Agreement which is designated as a "Guarantor" on the signature page hereof and each other Person which joins this Agreement as a Guarantor after the date hereof pursuant to Section 11.18. Guarantor Joinder shall mean a joinder by a Person as a Guarantor under this Agreement, the Guaranty Agreement and the other Loan Documents in the form of Exhibit 1.1(G)(1).
Sample 1
Fixed Rate Bid Loan means a Bid Loan that bears interest under the Bid Loan Fixed Rate Option. GAAP shall mean generally accepted accounting principles as in effect from time to time in the United States, subject to the provisions of Section 1.03, applied on a consistent basis both as to classification of items and amounts. Guarantor shall mean ACE, the Company and each Material Subsidiary which hereafter joins this Agreement as a Guarantor after the date hereof pursuant to Section 10.18. Guarantor Joinder shall mean a joinder by a Person as a Guarantor under this Agreement, the Guaranty Agreement and the other Loan Documents in the form of Exhibit 1.01(G)(1).
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Related to Fixed Rate Bid Loan

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

  • 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 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.

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

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

  • Base Rate Borrowing means a Borrowing consisting of Base Rate Loans.

  • Reference Rate Loan means any Committed Loan that bears interest at a rate determined with reference to the Reference Rate.

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

  • Eurocurrency Rate Advance means a Revolving Credit Advance or a Term Loan Advance denominated in Dollars or in an Agreed Currency which bears interest as provided in Section 2.07(b) or a Local Currency Advance which bears interest as provided in Section 2.07(b) and the Local Currency Addendum.

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

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

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.