Fixed Rate Request definition

Fixed Rate Request. Borrower’s telephonic notice (to be promptly confirmed in writing which must be received by Lender before such Fixed Rate Request will be put into effect by Lender), to be received by Lender by 12 o’clock Noon (Central Standard Time) 3 Fixed Rate Business Days prior to the Fixed Rate Business Day specified in the Fixed Rate Request for the commencement of the Interest Period, of the Fixed Rate and Interest Period desired by Borrower in respect to a Fixed Rate Request Amount.
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Fixed Rate Request means the request of Borrower made pursuant to Section 2.3 hereof to have all or any portion of the outstanding Loan bear interest at the rate set forth in Section 2.2(a)(i) hereof.
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Fixed Rate Request shall have the meaning set forth in Subsection 5.1.2.
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Examples of Fixed Rate Request in a sentence

  • The Fixed Rate Request must specify the principal amount that is to bear interest at the LIBO Rate and the Fixed Rate Period selected by Borrower.

  • The Fixed Rate Request must be made to Agent in writing on any Business Day and is effective as of the third Business Day after the Fixed Rate Request is received if received by Agent no later than 12 noon Central Time or as of the fourth Business Day if received later than 12 noon Central Time.

  • From time to time, and so long as no Event of Default has occurred and is continuing, at the request of Borrower ("Fixed Rate Request"), all or any part of the outstanding principal balance under the Notes may bear interest at the LIBO Rate ("Fixed Rate Loans").

  • Upon the expiration of the Interest Period for any Fixed Rate Portion, unless Bank has received from Borrower a new Fixed Rate Request with respect thereto, such Fixed Rate Portion shall be converted automatically to a Prime Rate Portion.

  • The Interest Period for any Fixed Rate Portion shall commence on the Effective Date of such Fixed Rate Portion as specified in the Fixed Rate Request applicable thereto and shall continue for the applicable Interest Period specified in such Fixed Rate Request.

  • Borrower may request that all or any portion of the outstanding Loan bear interest at the rate set forth in Section 2.2(a)(i) for a specified Interest Period by delivering to the Bank a Fixed Rate Request, not later than 10:00 a.m. Atlanta, Georgia time, at least three (3) Business Days prior to the Effective Date of the change to such rate.

  • From time to time, and so long as no Event of Default has occurred and is continuing, at the request of Borrower ("Fixed Rate Request"), all or any part of the outstanding principal balance under the Promissory Notes may bear interest at the Fixed Rate ("Fixed Rate Loans"), provided however that at least fifty percent (50%) of the outstanding principal balance under the Promissory Notes must bear interest at the Fixed Rate through and including September 30, 1996 ("Fixed Rate Requirement").

  • Borrxxxx xxxees to indemnify Bank and to hold it harmless from any loss or expense which it may sustain or incur as a consequence of failure by Borrower to consummate any Fixed Rate Request, including, without limitation, any such loss or expense arising from interest or fees payable by Bank to Banks of funds obtained by it in order to maintain any Fixed Rate Portion.

  • Borrower agrees to indemnify Bank and to hold it harmless from any loss or expense which it may sustain or incur as a consequence of failure by Borrower to consummate any Fixed Rate Request, including, without limitation, any such loss or expense arising from interest or fees payable by Bank to Banks of funds obtained by it in order to maintain any Fixed Rate Portion.

  • The Loan shall initially bear interest as a Fixed Rate Loan for an Interest Period of 90 days and Borrower shall not be required to submit a Fixed Rate Request for such initial Interest Period.


More Definitions of Fixed Rate Request

Fixed Rate Request means a notice in writing (or by telephonic communication confirmed by telex, telecopy or other facsimile transmission on the same day as the telephone request) delivered by the Company to the Bank requesting that interest on the entire outstanding principal amount of the Term Loan be based on the Fixed Quoted Rate, and (b) "FIXED QUOTED RATE" shall mean an interest rate quoted by the Bank as its Cost of Funds for fixed quoted rate loans with a four-year maturity, which rate shall not necessarily be the rate made available by the Bank for fixed quoted rate loans made to other borrowers and shall be quoted to the Company by the Bank upon request by the Company.
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Fixed Rate Request means a request for a fixed rate substantially in the form of Schedule 3, Part 2 (Form of Fixed Rate Request).
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Fixed Rate Request is defined in Section 3.4(b) of the Participation Agreement.
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Fixed Rate Request shall have the meaning given to that term in Subparagraph 2.03(a) of the Lease Agreement.
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Fixed Rate Request means written notice by the Company that it elects to have all or a portion of the outstanding principal amount of this Note bear interest at a Fixed Rate, which notice shall specify the principal amount of such Fixed Rate Loan and the duration of the Fixed Rate Interest Period.
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Fixed Rate Request is defined in Section 3.5(b) of the Participation Agreement.
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Related to Fixed Rate Request

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

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

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

  • Fixed Rate Period shall have the meaning in the form of Security set forth in Section 2.1.

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

  • LIBOR Auction means a solicitation of Money Market Quotes setting forth Money Market Margins based on the London Interbank Offered Rate pursuant to Section 2.03.

  • 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.

  • Borrowing Request means a request by the Borrower for a Borrowing in accordance with Section 2.03.

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

  • Pricing Rate Period means, with respect to any Transaction and any Remittance Date (a) in the case of the first Pricing Rate Period, the period commencing on and including the Purchase Date for such Transaction and ending on and excluding the following Remittance Date, and (b) in the case of any subsequent Pricing Rate Period, the period commencing on and including the immediately preceding Remittance Date and ending on and excluding such Remittance Date; provided, however, that in no event shall any Pricing Rate Period for a Purchased Asset end subsequent to the Repurchase Date for such Purchased Asset.

  • Loan Request means a letter in substantially the form of Exhibit A hereto executed and delivered by the Borrower to the Administrative Agent and the Group Agents pursuant to Section 2.02(a).

  • Initial Fixed Rate Period means the period commencing on the Issue Date and ending on and including June 30, 2020.

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

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

  • Fixed Rate Term means a period commencing on a Business Day and continuing for 1, 2 or 3 months, as designated by Borrower, during which all or a portion of the outstanding principal balance of this Note bears interest determined in relation to LIBOR; provided however, that no Fixed Rate Term may be selected for a principal amount less than $100,000.00; and provided further, that no Fixed Rate Term shall extend beyond the scheduled maturity date hereof. If any Fixed Rate Term would end on a day which is not a Business Day, then such Fixed Rate Term shall be extended to the next succeeding Business Day.

  • Money Market Absolute Rate Loan means a loan to be made by a Bank pursuant to an Absolute Rate Auction.

  • Advance Request means a request for an Advance submitted by Borrower to Lender in substantially the form of Exhibit A.

  • Issuance Request means a Letter of Credit request and certificate duly executed by an Authorized Officer of the Borrower, substantially in the form of Exhibit B-2 hereto.

  • Notice of Borrowing has the meaning specified in Section 2.02(a).

  • Notice of Special Rate Period means any notice with respect to a Special Rate Period of shares of MuniPreferred pursuant to subparagraph (d)(i) of Section 4 of Part I of this Statement.

  • Fixed Rate Calculation Date means, for any Subsequent Fixed Rate Period, the 30th day prior to the first day of such Subsequent Fixed Rate Period.

  • Subsequent Fixed Rate Period means for the initial Subsequent Fixed Rate Period, the period commencing on April 1, 2022 and ending on and including March 31, 2027 and for each succeeding Subsequent Fixed Rate Period, the period commencing on the day immediately following the end of the immediately preceding Subsequent Fixed Rate Period and ending on and including March 31 in the fifth year thereafter.

  • Request for Loan means a written request for a Loan substantially in the form of Exhibit E, signed by a Senior Officer of the applicable Borrower and properly completed to provide all information required to be included therein.

  • Eurocurrency Rate Advance means a Revolving Credit Advance denominated in Dollars or a Committed Currency that bears interest as provided in Section 2.07(a)(ii).

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

  • Notice of Loan means a Notice of Loan in the form of the attached Exhibit C.