Type of Advance definition

Type of Advance refers to the distinction between Advances bearing interest at the Base Rate or Eurodollar Rate.
Type of Advance. [Base Rate or Eurodollar Loan].
Type of Advance means with respect to any Loan, such Loan is either a Prime Rate Option Advance or a LIBOR Advance, each of which shall be a "Type" of Advance.

Examples of Type of Advance in a sentence

  • The Borrower shall select the Type of Advance and, in the case of each Eurodollar Advance, the Interest Period applicable thereto from time to time.

  • The Borrower shall select the Type of Advance and, in the case of each Eurocurrency Advance, the Interest Period applicable thereto from time to time.

  • The Borrower shall select the Type of Advance and, in the case of each Eurodollar Rate Advance, the Interest Period applicable to each Advance from time to time.

  • The Administrative Agent will at the request of the Borrower, from time to time, but not more often than monthly, provide notice of the amount of the outstanding Aggregate Commitment, the Type of Advance, and the applicable interest rate, if for a LIBOR Rate Advance.

  • The Borrower shall select the Type of Advance and, in the case of each Eurodollar Advance, the Interest Period applicable thereto, from time to time.


More Definitions of Type of Advance

Type of Advance shall have the meaning given such term set forth in Subsection 2.1(B).
Type of Advance means a Floating Rate Advance or a Eurodollar Rate Advance.
Type of Advance has the meaning specified in Section 2.2.
Type of Advance has the meaning given such term in Section 2.5.
Type of Advance. Reference Rate: ___________ LIBOR: ___________
Type of Advance shall have the meaning given such term set forth in Subsection 2.1(B) and may be Advances under a Term Loan or a Revolving Loan.