Floating Loan definition

Floating Loan means the portion of the outstanding principal balance of the Loan that is bearing interest at the Floating Rate.
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Examples of Floating Loan in a sentence

  • Such payment shall first be applied to the Floating Loan and then to the LIBOR Loans.

  • If any Floating Loan shall be Converted at any time to an Alternate Interest Rate Loan pursuant to this Agreement, the outstanding principal balance of such Alternate Interest Rate Loan shall bear interest at a rate of interest equal to the Alternate Interest Rate for the related Interest Period.

  • Each Fixed Loan and (subject to the provisions of this Agreement which, in certain instances, require payment of interest at the Alternate Interest Rate), each Floating Loan shall Continue from one Interest Period to the next Interest Period applicable thereto.

  • Loans hereunder are sometimes distinguished by “Type.” The “Type” of a Loan refers to whether such Loan is a Senior Floating Loan, a Junior Floating Loan or an Alternate Interest Rate Loan.

  • The Senior Floating Loan made by each Senior Lender shall be evidenced by a Senior Floating Note of the Borrowers and the Junior Floating Loan made by each Junior Lender shall be evidenced by a Junior Floating Note of the Borrowers.

  • Until such notice has been withdrawn by the Agent the Borrower will not request that any Loan be made as or converted to a LIBOR Floating Loan.

  • Loans hereunder are sometimes distinguished by “Type.” The “Type” of a Loan refers to whether such Loan is a Fixed Loan, a Floating Loan, or an Alternate Interest Rate Loan, if applicable.

  • The Fixed Loan made by each Lender shall be evidenced by a Fixed Note of the Borrowers and the Floating Loan made by each Lender shall be evidenced by a Floating Note of the Borrowers.

  • Subject to the provisions of this Agreement which, in certain instances, require payment of interest at the Alternate Interest Rate, each Floating Loan shall Continue from one Interest Period to the next Interest Period applicable thereto.

Related to Floating Loan

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

  • 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.

  • 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.

  • 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) or any combination of the foregoing.