Overnight Transaction Loan Rate definition

Overnight Transaction Loan Rate means, with respect to a Swing Line Loan, a rate equal to the sum of (i) the Overnight Transaction Loan Effective Rate plus (ii) the Applicable Margin.
Sample 1
Overnight Transaction Loan Rate means for any Tranche C Loan on ------------------------------- any day such Tranche C Loan is outstanding the rate per annum determined by the Administrative Agent for such day to be its overnight transaction loan rate plus one percent (1.00%).
Sample 1
Overnight Transaction Loan Rate means on any day the rate per annum determined by the Credit Agent for such day to be its transaction loan rate, plus the Pricing Spread. "Parent" shall mean Countrywide Credit Industries, Inc., a Delaware corporation.
Sample 1

Examples of Overnight Transaction Loan Rate in a sentence

  • 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.

  • Tranche C -------------------------------------------- Loans shall be made and/or maintained, at the election of the Company made from time to time as permitted herein, at (i) the Overnight Transaction Loan Rate and/or (ii) to the extent permitted pursuant to Paragraph 3(e) below, the Buy-Down 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.

  • 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.

  • 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.


More Definitions of Overnight Transaction Loan Rate

Overnight Transaction Loan Rate means on any day the rate per annum determined by the Lead Administrative Agent for such day to be its transaction loan rate, plus the Pricing Spread.
Sample 1
Overnight Transaction Loan Rate means, with respect to a Swing Line Loan, a rate equal to the sum of (1) the Overnight Transaction Loan Effective Rate plus (ii) the Applicable Margin.
Sample 1
Overnight Transaction Loan Rate set forth in Paragraph 16 of the Agreement are hereby amended to read in their entirety as follows:
Sample 1
Overnight Transaction Loan Rate means, for any overnight period, a rate per annum determined by Bank One, at the time of the loan request, to be its overnight transaction rate. Bank One shall advise the Borrower of the applicable rate upon such loan request. Bank One requires borrowing notices for such Loans to be given no later than 12:00 p.m. (Chicago time). Bank One requires that such Loans be automatically continued each day at the Overnight Transaction Loan Rate (at the time of automatic continuation identified below) unless the Borrower either provides Bank One with notice converting such Loan to another Type of Loan or actually prepays the loan. The timing for such an automatic continuation (i.e. a "rollover") of a Loan based on the Overnight Transaction Loan Rate shall be 12:00 p.m. (Chicago time). Interest on such Loans shall accrue and be payable on the date any such Loan (or portion thereof) is paid or converted to another type of Loan and in any event on the last day of each month.
Sample 1

Related to Overnight Transaction Loan Rate

  • Term Loan Rate means an interest rate per annum equal to (a) the sum of the Alternate Base Rate plus the Applicable Margin with respect to Domestic Rate Loans and (b) the sum of the Eurodollar Rate plus the Applicable Margin with respect to Eurodollar Rate Loans.

  • Loan Rate for any Mortgage Loan and on any day means the per annum rate of interest applicable under the related Credit Line Agreement to the calculation of interest for the day on the Asset Balance of the Mortgage Loan.

  • Revolving Interest Rate means an interest rate per annum equal to (a) the sum of the Alternate Base Rate plus the Applicable Margin with respect to Domestic Rate Loans and (b) the sum of the Eurodollar Rate plus the Applicable Margin with respect to Eurodollar Rate Loans.

  • Net Loan Rate With respect to any Mortgage Loan (or the related REO Property), as of any date of determination, a per annum rate of interest equal to the then applicable Loan Rate for such Mortgage Loan minus the related Servicing Fee Rate and the Master Servicing Fee Rate.

  • 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 (from and after such date as the NYFRB shall commence to publish such composite rate).

  • Maximum Revolving Advance Amount means $25,000,000.

  • 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.

  • Reinvestment Prepayment Date with respect to any Reinvestment Event, the earlier of (a) the date occurring twelve months after such Reinvestment Event and (b) the date on which the Borrower shall have determined not to, or shall have otherwise ceased to, acquire or repair assets useful in the Borrower’s business with all or any portion of the relevant Reinvestment Deferred Amount.

  • Reinvestment Prepayment Amount with respect to any Reinvestment Event, the Reinvestment Deferred Amount relating thereto less any amount expended prior to the relevant Reinvestment Prepayment Date to acquire or repair assets useful in the Borrower’s business.

  • Prepayment Interest Excess Amount With respect to any Principal Prepayment in full which is applied to the related Mortgage Loan from the first day of the month of any Remittance Date through the sixteenth day of the month of such Remittance Date, all amounts paid in respect of interest on such Principal Prepayment in full. A Prepayment Interest Excess Amount cannot result from a Principal Prepayment in part, but only from a Principal Prepayment in full.

  • 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.

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

  • Weighted Average Advance Rate means, as of any date of determination with respect to all Eligible Collateral Obligations included in the Adjusted Aggregate Eligible Collateral Obligation Balance, the number obtained by (i) summing the products obtained by multiplying (a) the Advance Rate of each such Eligible Collateral Obligation by (b) such Eligible Collateral Obligation’s contribution to the Adjusted Aggregate Eligible Collateral Obligation Balance and (ii) dividing such sum by the Adjusted Aggregate Eligible Collateral Obligation Balance.

  • Senior Prepayment Percentage For any Distribution Date during the five years beginning on the first Distribution Date, 100%. The Senior Prepayment Percentage for any Distribution Date occurring on or after the fifth anniversary of the first Distribution Date will, except as provided herein, be as follows: for any Distribution Date in the first year thereafter, the Senior Percentage plus 70% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the second year thereafter, the Senior Percentage plus 60% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the third year thereafter, the Senior Percentage plus 40% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the fourth year thereafter, the Senior Percentage plus 20% of the Subordinated Percentage for such Distribution Date; and for any Distribution Date thereafter, the Senior Percentage for such Distribution Date (unless on any Distribution Date the Senior Percentage exceeds the initial Senior Percentage, in which case the Senior Prepayment Percentage for such Distribution Date will once again equal 100%). Notwithstanding the foregoing, no decrease in the Senior Prepayment Percentage will occur unless both of the Senior Step Down Conditions are satisfied.

  • Maximum Loan Rate With respect to each Mortgage Loan, the percentage set forth in the related Mortgage Note as the maximum Loan Rate thereunder.

  • Maximum Stock Loan Rate As provided in Annex A to this Confirmation.

  • Interest Reserve Loan Each Actual/360 Mortgage Loan.

  • Principal Prepayment Amount For any Distribution Date and for any Loan Group, the sum with respect to the Mortgage Loans in such Loan Group of (i) Curtailments received during the Prior Period from such Mortgage Loans and (ii) Payoffs received during the Payoff Period from such Mortgage Loans.

  • Adjustable Rate Mortgage Loan A Mortgage Loan serviced pursuant to this Agreement under which the Mortgage Interest Rate is adjusted from time to time in accordance with the terms and provisions of the related Mortgage Note.

  • Revolving Loan Termination Date means the earlier of (a) the fifth anniversary of the Funding Date and (b) the date of termination in whole of the Aggregate Revolving Loan Commitment pursuant to Section 2.05(a) or Section 9.01 hereof.

  • Mortgage Loan Rate means, as of any date of determination, the weighted average of the Note A Rate and the Note B Rate.

  • Initial Stock Loan Rate means, in respect of an Underlying Equity (in the case of Equity Linked Notes) or a security/commodity comprised in an Index (in the case of Index Linked Notes), the Initial Stock Loan Rate specified in relation to such Underlying Equity, security or commodity in the applicable Final Terms.

  • Loan Combination Custodial Account means the “Loan Combination Custodial Account” or analogous account established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • Prepayment Period With respect to any Distribution Date, the calendar month preceding the calendar month in which such Distribution Date occurs.

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Prepayment Interest Excess As to any Principal Prepayment received by the Master Servicer from the first day through the fifteenth day of any calendar month (other than the calendar month in which the Cut-off Date occurs), all amounts paid by the related Mortgagor in respect of interest on such Principal Prepayment. All Prepayment Interest Excess shall be paid to the Master Servicer as additional master servicing compensation.