Term Fixed Rate Loan Prepayment Penalty Period definition

Term Fixed Rate Loan Prepayment Penalty Period means, with respect to a Term Fixed Rate Prepayment Penalty Loan, such period of time, commencing with the borrowing date of such Loan, during which such Loan may not be prepaid and/or converted without a premium or penalty as established by the Bank making the Term Fixed Rate Prepayment Penalty Loan for such loans as offered by such Bank to other commercial borrowers similarly situated and under similar circumstances. With respect to a Term Fixed Rate Prepayment Penalty Loan, the period during which such Loan may not be prepaid without premium or penalty may not be the same period during which said Loan may not be converted without premium or penalty.
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Related to Term Fixed Rate Loan Prepayment Penalty Period

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

  • Notice of Loan Prepayment means a notice of prepayment with respect to a Loan, which shall be substantially in the form of Exhibit 2.05 or such other form as may be approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer.

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

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • 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.

  • Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.

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

  • Term Advance has the meaning specified in Section 2.01(a).

  • 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.

  • Borrower Offer of Specified Discount Prepayment means the offer by the Borrower to make a voluntary prepayment of Term Loans at a specified discount to par pursuant to Section 2.11(a)(ii)(B).

  • Revolving Loan Maturity Date means March 31, 2003.

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

  • Term Loan as defined in Section 2.1.

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

  • Discounted Term Loan Prepayment has the meaning assigned to such term in Section 2.11(a)(ii)(A).

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

  • Term Loan Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term Loan Lenders pursuant to Section 2.01(a).

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

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

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

  • Principal Prepayment Period The month preceding the month in which the related Remittance Date occurs.

  • Term SOFR Borrowing means a Borrowing comprised of Term SOFR Loans.

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

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

  • Base Rate Revolving Loan means a Revolving Loan that is a Base Rate Loan.