Examples of Floating Rate Loan in a sentence

Upon receipt of such notice, Borrower Agent may revoke any pending request for a LIBOR Loan or, failing that, will be deemed to have requested a Floating Rate Loan.

More Definitions of Floating Rate Loan

Floating Rate Loan means any Loan and any portion of the Loan Balance which the Borrower has requested, in the initial Borrowing Request for such Loan or a subsequent Borrowing Request for such portion of the Loan Balance, bearing interest at the Floating Rate, or which pursuant to the terms hereof is otherwise required to bear interest at the Floating Rate.

Floating Rate Loan means any Collateral Loan that bears a floating rate of interest.

Floating Rate Loan or “Floating Rate Advance” means a Loan which bears interest at the Floating Rate.

Floating Rate Loan. All or any portion of any Term Loan which bears interest at a rate calculated with reference to the Prime Rate.

Floating Rate Loan means any Loan bearing interest at the Floating Rate.

Floating Rate Loan means a Loan that bears interest at a Floating Rate, as specified in the applicable Final Confirmation. Floating Rate Prime Rate Loan means any Loan the Collateral for which consists solely of securities that (x) are backed by private student loans and (y) bear interest at a rate that is set by reference to a published or quoted prime rate of interest. Governing Documents means, with respect to an Item of Collateral, the instruments and agreements (including any indenture, pooling and servicing agreement, trust agreement, servicing agreement, other similar agreement and other operative document), however denominated, pursuant to which such Item of Collateral was issued, the assets backing such Item are serviced and collections on such assets are applied, remitted and distributed.