Money Market Absolute Rate Loan definition

Money Market Absolute Rate Loan means a loan to be made by a Bank pursuant to an Absolute Rate Auction.
Source 1Source 2Source 3
Money Market Absolute Rate Loan means a loan denominated in US Dollars to be made by a Lender pursuant to an Absolute Rate Auction.
Source 1Source 2Source 3
Money Market Absolute Rate Loan means a loan to be made by a Bank pursuant to an Absolute Rate Auction. “Money Market Borrowing” has the meaning set forth in Section 1.3.
Source 1Source 2

Examples of Money Market Absolute Rate Loan in a sentence

  • Whenever any payment of principal of, or interest on, any Money Market Absolute Rate Loan shall be due on a day which is not a Euro-Dollar Business Day, the date for payment thereof shall be extended to the next succeeding Euro-Dollar Business Day.

  • Each Money Market Absolute Rate Loan shall bear interest on the outstanding principal amount thereof, for the Interest Period applicable thereto, at a rate per annum equal to the Money Market Absolute Rate quoted by the Bank making such Loan in accordance with Section 2.3. All such interest shall be payable for each Interest Period on the last day thereof and, if such Interest Period is longer than three months, at intervals of three months after the first day thereof.

  • Each Money Market Absolute Rate Loan shall bear interest on the outstanding principal amount thereof, for the Interest Period applicable thereto, at a rate per annum equal to the Money Market Absolute Rate quoted by the Lender making such Loan in accordance with Section 2.03.

  • The "Interest Type" of a Loan refers to whether such Loan is a Euro-Dollar Loan, a CD Loan, a Base Rate Loan, a Money Market LIBOR Loan or a Money Market Absolute Rate Loan.

  • Each Money Market Absolute Rate Loan shall bear interest on the outstanding principal amount thereof, for the Interest Period applicable thereto, at a rate per annum equal to the Absolute Rate quoted by the Bank making such Loan as a part of the applicable Bid Borrowing in accordance with Section 2.03(d)(ii)(E) (the "Money Market Absolute Rate" for such Loan).


More Definitions of Money Market Absolute Rate Loan

Money Market Absolute Rate Loan means a loan made or to be made by a Revolver Bank pursuant to an Absolute Rate Auction.
Source 1Source 2
Money Market Absolute Rate Loan means a loan made or to be made by a Bank pursuant to an Absolute RateAuction.
Source 1
Money Market Absolute Rate Loan means a loan to be made by a Bank pursuant to an Absolute Rate Auction. "Money Market Lending Office" means, as to each Bank, its Domestic Lending Office or such other office, branch or affiliate of such Bank as it may hereafter designate as its Money Market Lending Office by notice to the Borrower and the Administrative Agent; provided that any Bank may from time to time by notice to the Borrower and the Administrative Agent designate separate Money Market Lending Offices for its Money Market LIBOR Loans, on the one hand, and its Money Market Absolute Rate Loans, on the other hand, in which case all references herein to the Money Market Lending Office of such Bank shall be deemed to refer to either or both of such offices, as the context may require. "Money Market LIBOR Loan" means a loan to be made by a Bank pursuant to a LIBOR Auction (including such a loan bearing interest at the Prime Rate pursuant to Section 8.01(a)). "Money Market Loan" means a Money Market LIBOR Loan or a Money Market Absolute Rate Loan. "Money Market Margin" has the meaning set forth in Section 2.03(d). "Money Market Quote" means an offer by a Bank to make a Money Market Loan in accordance with Section 2.03. "Moody's" means Xxxxx'x Investors Service, Inc., and its successors. 9
Source 1
Money Market Absolute Rate Loan means a loan made or to be
Source 1
Money Market Absolute Rate Loan means a loan to be made by
Source 1
Money Market Absolute Rate Loan means a loan to be made by a Bank pursuant to an Absolute Rate Auction. “Money Market Lending Office” means, as to each Bank, its Domestic Lending Office or such other office, branch or affiliate of such Bank as it may
Source 1
Money Market Absolute Rate Loan means a loan made or to be made by a Bank pursuant to an Absolute Rate Auction. "Money Market Lending Office" means, as to each Bank, its Domestic Lending Office or such other office, branch or affiliate of such Bank as it may hereafter designate as its Money Market Lending Office by notice to the Borrower and the Agent; PROVIDED that any Bank may from time to time by notice to the Borrower and the Agent designate separate Money Market Lending Offices for its Money Market LIBOR Loans, on the one hand, and its Money Market Absolute Rate Loans, on the other hand, in which case all references herein to the Money Market Lending Office of such Bank shall be deemed to refer to either or both of such offices, as the context may require.
Source 1