Overnight Loans definition

Overnight Loans has the meaning set forth in Section 2.01(d).
Sample 1
Overnight Loans means Loans bearing interest calculated by reference to the One-month LIBOR Rate.
Sample 1

Examples of Overnight Loans in a sentence

  • See Brief of the Tax Foundation as Amicus Curiae in Sup- port of Neither Party at 19-26, 27-28.

  • Subject to the terms and conditions of this Agreement, U.S. Bank hereby agrees to make loans ("Overnight Loans") to the Borrower from time to time on Business Days during the period beginning on the date hereof and ending on the Short-term Maturity Date provided that, after giving effect to any requested loan the aggregate of all Overnight Loans will not exceed at any one time outstanding the sum of Ten Million Dollars ($10,000,000) (U.S. Bank's "Overnight Commitment").

  • Except as provided in Section 2.03(c), each Borrowing of or conversion to Overnight Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof.

  • The Revolving Loans, the Operating Loans, the Long-Term Acquisition Loans, the Short-Term Acquisition Loans and the Overnight Loans outstanding under the Prior Credit Agreement as of the effective date of this Agreement, shall be deemed to have been advanced under Sections 2.1(a), (b), (c), (d) and (e) hereof, respectively.

  • 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.

  • The Fee Schedule may be subject to change from time to time, or on a case -by-case basis in accordance with Prochoice’s internal policies and procedures.

  • Revolving Loans may be Base Rate Loans, Eurodollar Rate Loans, Overnight Loans, or a combination thereof, as further provided herein.

  • Upon receipt of such notice, the Borrower may revoke any pending request for a Borrowing, conversion or continuation of Eurodollar Rate Loans or a Borrowing or conversion of Overnight Loans, as applicable, or, failing that, will be deemed to have converted such request into a request for a Borrowing of Base Rate Loans in the amount specified therein.

  • Overnight Loans or 2 Hour Loans are not available during Study and Examination weeks.

  • Each Syndication Party agrees to fund its Individual 364-Day Pro Rata Share of each 364-Day Advance, except as provided in Section 4.10 hereof regarding Overnight Loans and in Article 4 hereof regarding 364-Day Bid Advances.

Related to Overnight Loans

  • 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.

  • Revolving Loans has the meaning set forth in Section 2.1(a).

  • 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.

  • Base Rate Loans Loans the rate of interest applicable to which is based upon the Base Rate.

  • 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.

  • Canadian Revolving Loans means the Loans extended by the Canadian Revolving Lenders to the Canadian Borrower pursuant to Section 2.01(b).

  • Eurodollar Revolving Borrowing means a Borrowing comprised of Eurodollar Revolving Loans.

  • Prime Rate Loans means any Loans or portion thereof on which interest is payable based on the Prime Rate in accordance with the terms thereof.

  • 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.

  • ABR Loans Loans the rate of interest applicable to which is based upon the ABR.

  • Other Revolving Loans means the Revolving Loans made pursuant to any Other Revolving Commitment.

  • Pending Revolving Loans means, at any time, the aggregate principal amount of all Revolving Loans requested in any Notice of Borrowing received by the Agent which have not yet been advanced.

  • Refinancing Revolving Loans means one or more Classes of Revolving Loans that result from a Refinancing Amendment.

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

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

  • 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.

  • Eurocurrency Loans Loans the rate of interest applicable to which is based upon the Eurocurrency Rate.

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

  • Syndicated Loans means Base Rate Loans or Euro-Dollar Loans made pursuant to the terms and conditions set forth in Section 2.01.

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

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

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

  • Revolving Credit Loans as defined in Section 2.1.

  • Refunded Swingline Loans as defined in Section 2.7(b).

  • Revolving Advances means Advances made other than Letters of Credit.

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