Quoted Rate Advance definition

Quoted Rate Advance means any Swing Line Advance which bears interest at the Quoted Rate.
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Quoted Rate Advance means an Advance which bears interest at a Quoted Rate.
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Quoted Rate Advance means any Advance that bears interest at a rate determined by reference to a Quoted Rate.
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Examples of Quoted Rate Advance in a sentence

  • Interest on each Quoted Rate Advance shall accrue at its Quoted Rate and shall be payable in immediately available funds on the last day of the Interest Period applicable thereto.

  • Each Swing Line Advance shall mature and the principal amount thereof shall be due and payable by the Company in the case of any Quoted Rate Advance, on the last day of the Interest Period applicable thereto (if any) and, in the case of any Prime-based Advance, on the Revolving Credit Maturity Date.

  • Interest on each Quoted Rate Advance of the Swing Line shall accrue at its Quoted Rate and shall be payable in immediately available funds on the last day of the Interest Period applicable thereto.

  • Each Swing Line Advance shall mature and the principal amount thereof shall be due and payable by the Borrowers in the case of any Quoted Rate Advance, on the last day of the Interest Period applicable thereto (if any) and, in the case of any Prime-based Advance, on the Revolving Credit Maturity Date.

  • Interest on each Quoted Rate Advance of the US Swing Line shall accrue at its Quoted Rate and shall be payable in immediately available funds on the last day of the Interest Period applicable thereto.

  • Interest on each Prime-based Advance shall be payable monthly on the last Business Day of each month, and, in the case of Quoted Rate Advances, on the respective repayment date therefor; provided, however, if such repayment date is more than thirty (30) days after the date of any such Quoted Rate Advance, interest thereon shall also be payable at intervals of thirty (30) days from the date of such Advance.

  • On the date on which any Quoted Rate Advance is to be made, any Base Rate Loan or LIBOR Loan is to be converted to a Quoted Rate Loan or any Quoted Rate Loan is to be continued as a new Quoted Rate Loan, the Administrative Agent, after consultation with the Lenders withCommitments under such Facility, shall notify the Borrower of the proposed Quoted Rate and Quoted Rate Period to be applicable to the requested -8- Quoted Rate Loan.

  • Each Prime-based Advance outstanding under this Note shall bear interest at the Prime-based Rate, and each Quoted Rate Advance outstanding under this Note shall bear interest at the applicable Quoted Rate.

  • Section 5.2 of the Agreement is hereby amended by inserting after the words "Quoted Rate Advance" the words "or a Eurodollar Rate Advance".

  • Each Quoted Rate Advance shall be payable on demand and, in the event that the unpaid principal balance of any Quoted Rate Advance is not paid upon the demand of the Swing Line Lender, such unpaid principal balance shall automatically become and bear interest as a Swing Line Advance which is a Base Rate Advance.


More Definitions of Quoted Rate Advance

Quoted Rate Advance shall have the respective meanings specified in Section 2.03(b).
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Quoted Rate Advance means any US Swing Line Advance which bears interest at the Quoted Rate.
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Quoted Rate Advance. The Term Loan, provided that the Borrower and the Bank agree that the Term Loan shall constitute a Quoted Rate Advance, as described in Section 2.2(e).
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Quoted Rate Advance. Revolving Credit Commitment," "Revolving Termination Date," "Term Loans," and "Term Notes" contained in Section 1.1 of the Credit Agreement are deleted in their respective entireties and the following definitions are substituted in lieu thereof in the appropriate alphabetical order:
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Quoted Rate Advance has the meaning specified in Section 2.6(d).
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Quoted Rate Advance means any Advance bearing interest at the Quoted
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Related to Quoted Rate Advance

  • LIBOR Rate Advance means an Advance which bears interest at a LIBOR Rate.

  • LIBO Rate Advance means a Pro Rata Advance that bears interest as provided in Section 2.04(a)(ii).

  • Fixed Rate Advance means an Advance which bears interest at a Fixed Rate.

  • Base Rate Advance means an Advance that bears interest as provided in Section 2.07(a)(i).

  • Prime Rate Advance means an Advance that bears interest based at the Prime Rate.

  • Eurodollar Rate Advance means an Advance that bears interest as provided in Section 2.07(a)(ii).

  • Eurocurrency Rate Advance means a Revolving Credit Advance denominated in Dollars or a Committed Currency that bears interest as provided in Section 2.07(a)(ii).

  • Reference Rate Advance means an Advance which bears interest as provided in Section 2.09(a).

  • Floating Rate Advance means an Advance which bears interest at the Floating Rate.

  • LIBOR Advance means an Advance bearing interest at a rate based upon the LIBOR Rate.

  • Fixed Rate Advances has the meaning specified in Section 2.03(a)(i).

  • LIBO Rate Advances means a Competitive Bid Advance denominated in Dollars or in any Foreign Currency and bearing interest based on the LIBO Rate.

  • Eurodollar Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the applicable Eurodollar Rate.

  • Eurocurrency Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the applicable Eurocurrency Rate.

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

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

  • Committed Advance means an advance made by a Lender to a Borrower as part of a Committed Borrowing and refers to a Base Rate Advance or a Eurodollar Rate Committed Advance, each of which is a “Type” of Committed Advance.

  • Alternate Base Rate Advance means an Advance which bears interest at the Alternate Base Rate.

  • Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.

  • Base Rate Borrowing means a Borrowing comprised of Base Rate Loans.

  • Fixed Rate Borrowing means a Borrowing comprised of Fixed Rate Loans.

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

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

  • Absolute Rate Loan means a Bid Loan that bears interest at a rate determined with reference to an Absolute Rate.

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