Overnight Transaction definition

Overnight Transaction has the meaning set forth in the Shareholders’ Agreement.
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Overnight Transaction means a transaction in which the funds are repaid back at or before 10:00 AM of the next business day.
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Overnight Transaction means an Underwritten Offering of Shares registered pursuant to the Initial Registration Statement and held by a Holder that is commenced after the close of trading on one Trading Day and priced before the open of trading on the next succeeding Trading Day.
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Examples of Overnight Transaction in a sentence

  • Eurodollar Advances, Alternate Base Rate Advances, Federal Funds Advances, Swingline Buydown Advances and Overnight Transaction Advances shall accrue interest at the Eurodollar Rate, the Alternate Base Rate, the Federal Funds Rate, the Swingline Buydown Rate and the Overnight Transaction Rate, respectively.

  • The interest rate on each Overnight Transaction Advance or Federal Funds Advance shall be recalculated daily for each day that such Overnight Transaction Advance or Federal Funds Advance is continued under Section 2.12(ii).

  • If the Company so notifies the Agent that it will be paying a Federal Funds Advance, Overnight Transaction Advance or Swingline Buydown Advance on any Business Day and fails to do so, such Advance shall be converted into an Alternate Base Rate Advance.

  • Each Swing Line Loan shall bear interest on the outstanding principal amount thereof, for each day from and including the day such Swing Line Loan is made to but excluding the date it is paid, at a rate per annum equal to the Overnight Transaction Loan Rate for such day.

  • The Swing Line Loans shall bear interest at the Overnight Transaction Loan Rate.

  • All or any portion of Alternate Base Rate Advances, Overnight Transaction Advances, Swingline Buydown Advances and Federal Funds Advances may be paid without penalty or premium on any Business Day provided that such repayments are made by (i) 10:00 a.m. (Chicago time) with respect to Federal Funds Advances, (ii) noon (Chicago time) with respect to Alternate Base Rate Advances, or (iii) 3:00 p.m. (Chicago time) with respect to Overnight Transaction Advances and Swingline Buydown Advances.

  • The Company shall pay interest to each Multi-Year Swing Line Lender on such Multi-Year Swing Line Lender's Multi-Year Swing Line Percentage Share of Multi-Year Swing Loans and each Short Term Swing Line Lender on such Short Term Swing Line Lender's Short Term Swing Line Percentage Share of Short Term Swing Loans outstanding, as applicable, from the date advanced to but not including the date of payment thereof at the Overnight Transaction Loan Rate.

  • The Company shall pay interest to each Multi-Year Swing Line Lender on such Multi-Year Swing Line Lender’s Multi-Year Swing Line Percentage Share of Multi-Year Swing Loans and each Short Term Swing Line Lender on such Short Term Swing Line Lender’s Short Term Swing Line Percentage Share of Short Term Swing Loans outstanding, as applicable, from the date advanced to but not including the date of payment thereof, at the Overnight Transaction Loan Rate.

  • The Company shall pay interest to each Swing Line Lender on such Swing Line Lender's Swing Line Percentage Share of Swing Loans outstanding from the date advanced to but not including the date of payment thereof at the Overnight Transaction Loan Rate.

  • Any Tranche C Loans outstanding which are not matched by Buy-Down Deposits maintained with the Tranche C Lender during the applicable monthly computation period pursuant to a Buy-Down Letter shall accrue interest at the Overnight Transaction Loan Rate, as provided in Paragraph 3(c) above.