Overnight Loan definition

Overnight Loan means a Loan (or any portion thereof) bearing interest based on the Overnight Rate.
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Overnight Loan has the meaning given in Section 2.1(e).
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Overnight Loan means a Loan made pursuant to Section 5.01.
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Examples of Overnight Loan in a sentence

  • The Administrative Agent will promptly notify the Lenders of any termination or reduction of the Overnight Loan Sublimit, Swing Line Sublimit or the Aggregate Revolving Commitments under this Section 2.05.

  • If after giving effect to any reduction or termination of Revolving Commitments under this Section 2.05, the Overnight Loan Sublimit or the Swing Line Sublimit exceed the Aggregate Revolving Commitments at such time, the Overnight Loan Sublimit or the Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.

  • She indicated that her delegation would submit its questions in writing.

  • Notwithstanding anything herein to the contrary, in no event shall the Borrower be permitted to borrow an Overnight Loan if, immediately after giving effect thereto, the aggregate outstanding principal amount of all Overnight Loans would exceed $35,000,000.

  • Notwithstanding anything herein to the contrary, in no event shall the Borrower be permitted to borrow an Overnight Loan if, immediately after giving effect thereto, the aggregate outstanding principal amount of all Overnight Loans would exceed $40,000,000.

  • Nedbank Limited – Overnight Loan – interest rate – prime less 1,5%The maximum amount that the group is permitted by Nedbank is R55 000 000, after taking any overdraft into account.

  • Loan Periods Overnight Loan (due at opening time the following day)1.

  • Unless otherwise indicated on the item, the standard borrowing period is 28 days.Exceptions to this include items marked as Overnight Loan (due back the next day that the College is operating), or as Reference (not for loan - although there may be room for negotiation).Loans may be renewed if nobody else has reserved the item.

  • However not much has been done to collaborate with the ever-changing demands.

  • Notwithstanding any provision of this Agreement to the contrary, the Borrower shall not be entitled to request any Overnight Loan or Eurodollar Loan hereunder following March 19, 1997.


More Definitions of Overnight Loan

Overnight Loan means any Reference Loan or Daily Pricing Loan made under Articles II and V of this Agreement.
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Overnight Loan means a Loan (or any portion thereof) bearing interest based on the One-month Eurodollar Ratepursuant to clause (b) of the defined term Term SOFR.
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Related to Overnight Loan

  • Overnight Bank Funding Rate means, for any day, the rate comprised of both overnight federal funds and overnight Eurodollar borrowings by U.S.-managed banking offices of depository institutions, as such composite rate shall be determined by the NYFRB as set forth on its public website from time to time, and published on the next succeeding Business Day by the NYFRB as an overnight bank funding rate.

  • Overnight Foreign Currency Rate means, for any amount payable in a Foreign Currency, the rate of interest per annum as determined by the Administrative Agent at which overnight or weekend deposits in the relevant currency (or if such amount due remains unpaid for more than three (3) Business Days, then for such other period of time as the Administrative Agent may elect) for delivery in immediately available and freely transferable funds would be offered by the Administrative Agent to major banks in the interbank market upon request of such major banks for the relevant currency as determined above and in an amount comparable to the unpaid principal amount of the related Credit Event, plus any taxes, levies, imposts, duties, deductions, charges or withholdings imposed upon, or charged to, the Administrative Agent by any relevant correspondent bank in respect of such amount in such relevant currency.

  • Overnight care means care for a child between the hours of 10 PM and 6 AM, when four or more hours are during a child's normal sleeping hours.

  • Dollar Loan means a Loan denominated in Dollars.

  • 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.

  • Alternate Currency Loan means any Loan denominated in an Alternate Currency.

  • Offshore Currency Loan means any Loan denominated in an Offshore Currency.

  • Alternative Currency Loan means an Alternative Currency Daily Rate Loan or an Alternative Currency Term Rate Loan, as applicable.

  • Courier means any armed person who transports or offers to transport from one place to another

  • Euro-Dollar Business Day means any Domestic Business Day on which commercial banks are open for international business (including dealings in dollar deposits) in London.

  • Revolving Loan has the meaning specified in Section 2.01(a).

  • 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.

  • U.S. Base Rate Loan means a Loan denominated in Dollars which bears interest at a rate based upon the U.S. Base Rate.

  • Euro-Dollar Borrowing has the meaning set forth in Section 1.3.

  • 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 Base Rate pursuant to Section 8.01(a)).

  • Euro-Dollar Loan means a Committed Loan which bears interest at a Euro-Dollar Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election.

  • Eurodollar Loan means a Loan which bears interest at a Eurodollar Rate.

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

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

  • Multicurrency Loan means a Loan denominated in Dollars or an Agreed Foreign Currency.

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

  • Foreign Currency Loan means a Revolving Loan denominated in a Foreign Currency.

  • B/A Equivalent Loan has the meaning assigned to such term in Section 2.06(j).

  • LIBOR Loan means a Loan or any portion thereof bearing interest by reference to the LIBOR Rate.

  • Eurodollar Business Day means any Business Day on which dealings are also carried on in the London interbank market and banks are open for business in London.

  • Reference Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the Reference Rate.