Fixed Rate Competitive Advance definition

Fixed Rate Competitive Advance means a Competitive Advance which bears interest based on the Fixed Rate.
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Fixed Rate Competitive Advance means a Competitive Advance in respect of which a Borrower has selected in accordance with Section 3.03(b)(iv) hereof, and this Agreement provides, interest to be computed on the basis of a fixed percentage rate per annum (expressed in the form of a decimal to no more than four decimal places) specified by the Lender making such Advance in its Competitive Bid.
Sample 1Sample 2
Fixed Rate Competitive Advance means a Competitive Advance in respect of which the Borrower has selected in accordance with Section 3.3(b)(iv) hereof, and this Agreement provides, interest to be computed on the basis of a fixed percentage rate per annum (expressed in the form of a decimal to no more than four decimal places) specified by the Lender making such Advance in its Competitive Bid.
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Examples of Fixed Rate Competitive Advance in a sentence

  • Reinstated employees are considered new employees for the purposes of salary increases.

  • The duration of each Interest Period shall be (i) in the case of any Eurodollar Rate Advance or Eurodollar Competitive Advance, 1, 2, 3 or 6 months, (ii) in the case of any Base Rate Advance, 90 days following the date on which such Advance was made and (iii) in the case of any Fixed Rate Competitive Advance, any number of days, but no more than 270 days; provided, however, that no Interest Period may be selected by the Borrower if such Interest Period would end after the Termination Date.

Related to Fixed Rate Competitive Advance

  • Base Rate Committed Loan means a Committed Loan that is a Base Rate Loan.

  • Eurodollar Rate Committed Loan means a Committed Loan that bears interest at a rate based on clause (a) of the definition of “Eurodollar Rate.”

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

  • Alternative Currency Term Rate Loan means a Loan that bears interest at a rate based on the definition of “Alternative Currency Term Rate.” All Alternative Currency Term Rate Loans must be denominated in an Alternative Currency.

  • Base Rate Revolving Loan means a Revolving Loan that is a Base Rate Loan.

  • Competitive Borrowing means a Borrowing consisting of a Competitive Loan or concurrent Competitive Loans from the Lender or Lenders whose Competitive Bids for such Borrowing have been accepted by the Borrower under the bidding procedure described in Section 2.03.

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

  • 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.

  • Protective Advance has the meaning assigned to such term in Section 2.04.

  • 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.

  • Committed Advance means an advance made by a Lender to a Borrower as part of a Committed Borrowing and refers to a Base Rate Advance or a Eurodollar Rate Committed Advance, each of which is a “Type” of Committed Advance.

  • Fixed Rate Advances has the meaning specified in Section 2.03(a)(i).

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

  • Swingline Advance means an advance made by the Swingline Lender, if any, to the Borrower pursuant to Section 2.

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

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

  • Floating Rate Advance means an Advance which bears interest at the Floating Rate.

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

  • Revolving Credit Advance means an advance by a Bank to a Borrower as part of a Revolving Credit Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance, each of which shall be a “Type” of Advance.

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

  • Bid Loan has the meaning specified in Section 2.03(a).

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

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

  • 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.

  • Alternative Currency Term Rate means, for any Interest Period, with respect to any Credit Extension:

  • Base Rate Advance means an Advance that bears interest as provided in Section 2.07(a)(i).