Swingline Rate Loan definition

Swingline Rate Loan means a Loan bearing interest at a fluctuating rate per annum determined by reference to the Swingline Rate.
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Examples of Swingline Rate Loan in a sentence

  • Each Swingline Loan shall be denominated in dollars, Canadian Dollars or Euro and shall be an ABR Loan, Canadian Prime Rate Loan or Euro Swingline Rate Loan, respectively.

  • I agree with the judgment of Lord Hodge but there are a few further points I wish to make which seem to me to reinforce the overall conclusions which this court has reached, or in paras 164, 171, 185 and 188 below to qualify them.

  • Each Swingline Loan denominated in Dollars shall be made as a Daily Floating LIBOR Rate Loan andeach Swingline Loan denominated in Euros and Sterling shall be made as a Euro Swingline Rate Loan and, in each case, subject to S ection 2 .6(a)(iii), shall have such maturity date as agreed to by the Swingline Lender and the Parent Borrower.

  • Interest on each Base Rate Loan, Canadian Base Rate Loan and each Quoted Swingline Rate Loan shall be payable in arrears on the last Business Day or Canadian Business Day, as applicable, of each calendar quarter commencing June 30, 2002; and interest on each LIBOR Rate Loan shall be payable on the last day of each Interest Period applicable thereto, and if such Interest Period extends over three (3) months, at the end of each three (3) month interval during such Interest Period.

  • Interest on each Base Rate Loan and -------------------------------- each Quoted Swingline Rate Loan shall be payable in arrears on the last Business Day of each calendar quarter commencing September 30, 1999; and interest on each LIBOR Rate Loan shall be payable on the last day of each Interest Period applicable thereto, and if such Interest Period extends over three (3) months, at the end of each three (3) month interval during such Interest Period.

  • The Company, on behalf of the Borrowers, shall select the rate of interest applicable to any Swingline Loan at the time a Notice of Revolving Credit/Swingline Borrowing is given pursuant to Section 2.3. Each Swingline Loan or portion thereof bearing interest based on the Quoted Swingline Rate shall be a "Quoted Swingline Rate Loan".

  • The Domestic Borrower shall select the rate of interest applicable to any Swingline Loan at the time a Notice of Borrowing is given pursuant to Section 2.4. Each Swingline Loan or portion thereof bearing interest based on the Base Rate shall be a "Base Rate Loan" and each Swingline Loan or portion thereof bearing interest based on the Quoted Swingline Rate shall be a "Quoted Swingline Rate Loan".

Related to Swingline Rate Loan

  • Prime Rate Loan means any Loan bearing interest at a rate determined by reference to the Prime Rate in accordance with the provisions of Article II.

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

  • Swingline Advance means an advance made by the Swingline Lender, if any, to the Borrower pursuant to Section 2.

  • Canadian Base Rate Loan means a Canadian Loan that bears interest at a rate per annum determined by reference to the Canadian Prime Rate.

  • Swingline Rate means the Base Rate plus the Applicable Margin applicable to Base Rate Loans.

  • Base Rate Loan means a Loan that bears interest based on the Base Rate.

  • 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.

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

  • Canadian Prime Rate Loan means a Loan that bears interest based on the Canadian Prime Rate.

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

  • CDOR Rate Loan means a Loan denominated in Canadian Dollars the rate of interest applicable to which is based on the CDOR 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.

  • Revolving Loan has the meaning specified in Section 2.01(a).

  • LIBO Rate Loan means a Loan bearing interest, at all times during an Interest Period applicable to such Loan, at a fixed rate of interest determined by reference to the LIBO Rate (Reserve Adjusted).

  • Canadian Prime Rate Loans means Loans for which the applicable rate of interest is based upon the Canadian Prime Rate.

  • Swingline Loan means a Loan made pursuant to Section 2.04.

  • 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 Borrowing means a Borrowing comprised of Base 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.

  • Multicurrency Loan means a Loan denominated in Dollars or an Agreed Foreign Currency.

  • Alternative Currency Term Rate Loan means a Loan that bears interest at a rate based on the definition of “Alternative Currency Term Rate.” All Alternative Currency Term Rate Loans must be denominated in an Alternative Currency.

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

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

  • Revolving Credit Advance means an advance by a Bank to a Borrower as part of a Revolving Credit Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance, each of which shall be a “Type” of Advance.

  • 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.

  • Alternative Currency Daily Rate Loan means a Loan that bears interest at a rate based on the definition of “Alternative Currency Daily Rate.” All Alternative Currency Daily Rate Loans must be denominated in an Alternative Currency.