Rate Advances definition

Rate Advances. A variable rate per annum equivalent to the Reference Rate (the "Variable Rate"). Interest shall be adjusted concurrently with any change in the Reference Rate. An Advance based upon the Variable Rate is hereinafter referred to as a "Variable Rate Advance". (ii)
Sample 1
Rate Advances. A variable rate per annum equivalent to an index for a variable interest rate which is quoted, published or announced from time to time by the Bank as its reference rate (the "Reference Rate") and as to which loans may be made by the Bank at, below or above such reference rate plus .25% (the "Variable Rate"). Interest shall be adjusted concurrently with any change in the Reference Rate. An Advance based upon the Variable Rate is hereinafter referred to as a "Variable Rate Advance".
Sample 1
Rate Advances. A variable rate equivalent to an index for a variable interest rate which is quoted, published or announced from time to time by the Bank as its reference rate and as to which loans may be made by Bank at, below or above such reference rate, plus .25% per annum (the "Variable Rate"). Interest shall be adjusted concurrently with any change in the reference rate quoted by Bank. An Advance based upon the Variable Rate is hereinafter referred to as a "Variable Rate Advance".
Sample 1

Examples of Rate Advances in a sentence

  • Each such notice of Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Interest Period for such Advances.

  • Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted, and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Interest Period for each such Advance.

  • Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Revolving Credit Advances to be Converted, and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Interest Period for each such Advance.

  • Such Advance shall be considered, for all purposes of this Agreement, to comprise part of the Borrowing in connection with which such Defaulted Advance was originally required to have been made pursuant to Section 2.01, even if the other Advances comprising such Borrowing shall be Eurodollar Rate Advances on the date such Advance is deemed to be made pursuant to this subsection (a).

  • Each change in the interest rate of the Prime Rate Advances based on changes in the Prime Rate shall be effective on the effective date of such change and to the extent of such change.

  • Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Dollar denominated Advances to be Converted, and (iii) if such Conversion is into Eurocurrency Rate Advances, the duration of the initial Interest Period for each such Advance.

  • Interest on Floating Rate Advances shall be calculated for actual days elapsed on the basis of a 365/366-day year.

  • All such amounts paid by the LC Issuer and remaining unpaid by the Borrower shall bear interest, payable on demand, for each day until paid at a rate per annum equal to (x) the rate applicable to Floating Rate Advances for such day if such day falls on or before the applicable LC Payment Date and (y) the sum of 2% plus the rate applicable to Floating Rate Advances for such day if such day falls after such LC Payment Date.

  • Whenever any payment shall be stated to be due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of payment of interest or fees, as the case may be; provided, however, that if such extension would cause payment of interest on or principal of Eurodollar Rate Advances to be made in the next following calendar month, such payment shall be made on the next preceding Business Day.

  • Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Dollar denominated Revolving Credit Advances to be Converted, and (iii) if such Conversion is into Eurocurrency Rate Advances, the duration of the initial Interest Period for each such Advance.


More Definitions of Rate Advances

Rate Advances. With respect to each borrowing consisting of Bid Rate Advances, the Borrower shall give the Administrative Lender prior to 11:00 a.m. (Dallas time), (i) in the case of LIBOR Bid Rate Advances, at least four Business Days prior to the proposed date of borrowing and (ii) in the case of Absolute Bid Rate Advances, at least three Business Days prior to the proposed date of borrowing, written notice of its intention to borrow Bid Rate Advances pursuant to a Bid Rate Advance. Such Bid Rate Advance Request shall specify (i) the requested date of borrowing, which shall be a Business Day, (ii) the aggregate amount of the proposed borrowing of Bid Rate Advances (which shall be at least $10,000,000 and which is an integral multiple of $1,000,000 in excess thereof), (iii) the Interest Period with respect thereto, provided that such Interest Period shall not extend past the Maturity Date, and (iv) whether the Bid Rate Advances requested are Absolute Bid Rate Advances or LIBOR Bid Rate Advances. Bid Rate Advance Requests that do not conform substantially to the format of Exhibit F may be rejected by the Administrative Lender, and the Administrative Lender shall give prompt notice to the Borrower of such rejection. The Borrower shall pay a $1,000 non-refundable, administrative fee for the account of the Administrative Lender for each notice of proposed borrowing consisting of Bid Rate Advances. Such fee shall be paid to the Administrative Lender on the date of delivery of the Borrower's notice of intention to borrow Bid Rate Advances, and shall not be refunded notwithstanding that the proposed borrowing is canceled by Borrower or no Lender offers to make a Bid Rate Advance.
Sample 1

Related to Rate Advances

  • 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.

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

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

  • 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).

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

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

  • Fixed Rate Loans means CD Loans or Euro-Dollar Loans or Money Market Loans (excluding Money Market LIBOR Loans bearing interest at the Base Rate pursuant to Section 8.01(a)) or any combination of the foregoing.

  • Eurodollar Rate Advance means an Advance 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).

  • 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).

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

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

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

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

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

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

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

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

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

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

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

  • LIBOR Rate Loans means Loans bearing interest at rates determined by reference to the Adjusted LIBOR Rate as provided in subsection 2.2A.

  • 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.

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