RTFC Fixed Rate definition

RTFC Fixed Rate means for any Interest Period for all RTFC Fixed Rate Loans comprising part of the same Borrowing, a fixed interest rate per annum equal to the sum of (a) the fixed rate of interest that is available and in effect for loans similarly classified (as a 10% SCC loan) pursuant to RTFC policies and procedures in effect on the date of the election of such Interest Period, plus (b) the RTFC Margin.
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RTFC Fixed Rate means a rate per annum equal to RTFC's rate as available pursuant to RTFC policies and procedures in effect at the time for fixed rate elections on a Term Loan made by RTFC with a 10% SCC to Term Loan ratio requirement and for the Term Interest Period selected.
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Examples of RTFC Fixed Rate in a sentence

  • Tranche C Term Loans and Tranche D Term Loans may be outstanding as RTFC Variable Rate Loans or RTFC Fixed Rate Loans.

  • Each conversion of RTFC Variable Rate Loans to RTFC Fixed Rate Loans and each continuation of RTFC Fixed Rate Loans for an additional Interest Period shall be effective only with the written consent of the Tranche C Term Lenders or the Tranche D Term Lenders affected by such conversion or continuation.

  • Other than calculations made in respect of interest at the Base Rate and the RTFC Variable Rate (which shall be made on the basis of actual number of days elapsed in a 365/366 day year), (i) all interest rates, fees and commissions provided hereunder shall be computed on the basis of a 360-day year and assessed for the actual number of days elapsed and (ii) the RTFC Fixed Rate shall be computed on the basis of a 360 day year with thirty (30) day months.

  • Any such automatic conversion to Base Rate Loans or RTFC Variable Rate Loans, as applicable, shall be effective as of the last day of the Interest Period then in effect with respect to the applicable Eurodollar Rate Loans or RTFC Fixed Rate Loans.

  • Interest on each Base Rate Loan, RTFC Variable Rate Loan and RTFC Fixed Rate Loan shall be payable in arrears on the last Business Day of each calendar quarter commencing December 31, 2005; and interest on each LIBOR Rate Loan shall be payable on the last day of each LIBOR Interest Period applicable thereto, and if such LIBOR Interest Period extends over three (3) months, in addition to such date, at the end of each three (3) month interval during such LIBOR Interest Period.

  • During the existence of a Default, no Loans may be requested as, converted to, or continued as, Eurodollar Rate Loans or RTFC Fixed Rate Loans without the consent of the Required Lenders.

  • Interest on each Base Rate Loan, RTFC Variable Rate Loan and RTFC Fixed Rate Loan shall be payable in arrears on the last Business Day of each calendar quarter commencing September 30, 2000; and interest on each LIBOR Rate Loan shall be payable on the last day of each LIBOR Interest Period applicable thereto, and if such LIBOR Interest Period extends over three (3) months, in addition to such date at the end of each three (3) month interval during such LIBOR Interest Period.

  • During the existence of a Default, no Senior Loans may be requested as, converted to, or continued as, Eurodollar Rate Loans or RTFC Fixed Rate Loans without the consent of the Required Lenders.

  • If RTFC ceases to be the sole Term Loan Lender with a Term Loan C Commitment, then the RTFC Fixed Rate and the RTFC Variable Rate shall no longer be available and the interest rate applicable to all outstanding RTFC Fixed Rate Loans and RTFC Variable Rate Loans shall immediately be converted to LIBOR Rate Loans with the interest rate and interest period applicable thereto to be determined in accordance with Section 5.1(b).

  • Each Request for Credit Extension (other than a Senior Loan Notice requesting only a conversion of Senior Loans to the other Type or a continuation of Eurodollar Rate Loans or RTFC Fixed Rate Loans) submitted by the Loan Party Representative shall be deemed to be a representation and warranty that the conditions specified in Sections 4.02(a) and (b) have been satisfied on and as of the date of the applicable Credit Extension.