Ratable Advance definition

Ratable Advance means a borrowing hereunder consisting of the aggregate amount of the several Ratable Loans made by the Lenders to the Borrower at the same time, of the same Type and for the same Interest Period.

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Ratable Advance means a Revolving Credit Ratable Advance or an Incremental Term Advance.

Ratable Advance means a Base Rate Advance or a Eurocurrency Ratable Advance.

Examples of Ratable Advance in a sentence

Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Ratable Advance on a day other than a Payment Date shall be payable on the date of conversion.
Each Ratable Advance hereunder shall consist of borrowings made from the several Lenders ratably in proportion to the amounts of their respective Commitments.
Each Ratable Advance hereunder shall consist of Loans made to a Borrower from the several Lenders ratably in proportion to the ratio that their respective Commitments bear to the Aggregate Commitment.
Interest accrued on that portion of the outstanding principal amount of any ABR Advance converted into a Eurodollar Ratable Advance on a day other than a Payment Date shall be payable on the date of conversion.
For the avoidance of doubt, the parties agree that each Revolving Credit Ratable Advance shall be made on a ratable basis among all Series of Revolving Credit Facilities then in effect based on the Revolving Credit Commitments of each such Series.
Each Revolving Credit Ratable Advance hereunder shall consist of borrowings made from the several Lenders under the Revolving Credit Facility in their respective Revolving Credit Ratable Shares thereof.
Each Ratable Advance hereunder shall consist of Loans made by the several Lenders ratably in proportion to the ratio that their respective Commitments bear to the Aggregate Commitment.
Ratable Advance may mature after the Revolving Credit Facility Termination Date.
The Borrower shall give the Administrative Agent irrevocable notice (a “Ratable Borrowing Notice”) not later than 11:00 a.m. (New York time), (x) on the Borrowing Date of each Floating Rate Advance and (y) at least three Business Days prior to the Borrowing Date of each Eurodollar Ratable Advance.
Each Base Rate Advance shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Advance is made or is automatically converted from a Eurocurrency Ratable Advance into a Base Rate Advance pursuant to Section 2.02.4, to but excluding the date it is paid or is converted into a Eurocurrency Ratable Advance pursuant to Section 2.02.4 hereof, at a rate per annum equal to the Alternate Base Rate for such day.

More Definitions of Ratable Advance

Ratable Advance means a borrowing hereunder consisting of the aggregate amount of the several Ratable Loans made by the Lenders to the Borrower at the same time, at the same Rate Option and for the same Interest Period.

Ratable Advance is an Advance under Section 2.02 in which all Lenders participate in proportion to their Commitments, while a “Competitive Bid Advance” is an Advance under Section 2.05 in which the Lenders participants are determined on the basis of their bids in accordance therewith).

Ratable Advance means a borrowing under Section 2.2 hereof (i) made by the Lenders on the same Borrowing Date, or (ii) converted or continued by the Lenders on the same date of conversion or continuation, consisting, in either case, of the aggregate amount of the several Ratable Loans of the same Type and, in the case of Eurodollar Ratable Loans, for the same Interest Period.

Ratable Advance means a Ratable Facility A Advance or a Ratable Facility B Advance. "Ratable Borrowing Notice" is defined in Section 2.2.3. "Ratable Facility A Advance" means a borrowing hereunder consisting of the aggregate amount of the several Ratable Facility A Loans made by the Facility A Banks to the Borrower at the same time, at the same Rate Option and for the same Interest Period. "Ratable Facility A Loan" means any Ratable Facility A Loan made by a Facility A Bank to the Borrower pursuant to Section 2.2.1(a) hereof. "Ratable Facility A Note" means a promissory note in substantially the form of Exhibit A-1 hereto, duly executed and delivered to the Administrative Agent by the Borrower for the account of each Facility A Bank and payable to the order of a Facility A Bank in the amount of its Facility A Commitment, including any amendment, modification, renewal or replacement of such promissory note. 15

Ratable Advance means a Revolving Credit Ratable Advance or an Incremental Term Advance. “Rate Option” means the Alternate Base Rate or the Adjusted LIBO Rate.

Ratable Advance means a borrowing hereunder