USBR Loans definition

USBR Loans means the loans made available by the Lenders to the Borrower pursuant to Section 3.3, 3.8 or 3.9 with respect to which the Borrower has agreed to pay interest thereon in accordance with Section 5.2 or which are made available to the Borrower by the Lenders as a result of applying Section 3.4(a), 3.7(d) or 10.1;
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USBR Loans. “Bankers’ Acceptances Stamping Fee” or “Commitment Fee,” as the case may be, based on the Global Borrowing Base Utilization Percentage then in effect on such date: Global Borrowing Base Utilization Percentage <50 % ≥50% <75 % ≥75% <90 % ≥90 % Eurodollar Loans 1.250 % 1.500 % 1.750 % 2.000 % Canadian Prime Loans 0 % 0 % 0.250 % 0.500 % USBR Loans 0 % 0 % 0.250 % 0.500 % Bankers’ Acceptance Stamping Fee 1.250 % 1.500 % 1.750 % 2.000 % Commitment Fee 0.300 % 0.375 % 0.375 % 0.500 % Each change in the Applicable Rate shall apply during the period commencing on the effective date of such change and ending on the date immediately preceding the effective date of the next such change.
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USBR Loans. Bankers' Acceptances Stamping Fee" or "Commitment Fees & Unavailable Fees", as the case may be, based on the Applicable Rating Level on such date ---------------------------------------------------------------------------------------------------------------------------------- APPLICABLE RATIO OF TOTAL EURODOLLAR CANADIAN USBR BANKERS' COMMITMENT RATING DEBT TO LOANS (IN PRIME LOANS LOANS (IN ACCEPTANCE FEES & LEVEL: EBITDA BASIS POINTS) (IN BASIS BASIS POINTS) STAMPING UNAVAILABLE POINTS) FEE (IN BASIS FEES (IN BASIS POINTS) POINTS) ---------------------------------------------------------------------------------------------------------------------------------- Level I 2.0 > x 87.5 0.0 0.0 87.5 25.0 2.0 < or = to x < 2.5 100.0 0.0 0.0 100.0 25.0 2.5 < or = to x 112.5 12.5 12.5 112.5 25.0 ---------------------------------------------------------------------------------------------------------------------------------- Level II 2.0 > x 112.5 12.5 12.5 112.5 37.5 2.0 < or = to x < 2.5 137.5 37.5 37.5 137.5 37.5 2.5 < or = to x 150.0 50.0 50.0 150.0 37.5 ---------------------------------------------------------------------------------------------------------------------------------- Level III 2.0 > x 125.0 25.0 25.0 125.0 37.5 2.0 < or = to x < 2.5 150.0 50.0 50.0 150.0 37.5 2.5 < or = to x 175.0 75.0 75.0 175.0 37.5 ---------------------------------------------------------------------------------------------------------------------------------- As used in this definition, "x" means, at any time, the ratio of Total Debt to EBITDA calculated pursuant to SECTION 6.1 of the U.S. Credit Agreement. For purposes of the foregoing, any change in the Applicable Rate will occur automatically without prior notice upon any change in the Applicable Rating Level. Each change in the Applicable Rate shall apply during the period commencing on the effective date of such change and ending on the date immediately preceding the effective date of the next such change. Notwithstanding anything in this definition to the contrary, at all times on or before December 31, 2000, the Applicable Rate for (i) Eurodollar Loans and Bankers Acceptances shall equal 150 basis points, (ii) Canadian Prime Loans and USBR Loans shall equal 50 basis points, and (iii) Commitment Fees and Unavailable Fees shall equal 37.5 basis points.
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Examples of USBR Loans in a sentence

  • Each change in the fluctuating interest rate for the USBR Loans will take place without notice to the Borrower, simultaneously with the corresponding change in the US Base Rate.

  • The Borrower shall pay interest on its USBR Loans outstanding from time to time at a rate per annum equal to the aggregate of the USBR and the Applicable Pricing Margin in effect from time to time.

  • Any payment made by a Lender pursuant to this paragraph to reimburse the Issuing Bank for any LC Disbursement (other than the funding of Canadian Prime Loans or USBR Loans as contemplated above) shall not constitute a Loan and shall not relieve Borrower of its obligation to reimburse such LC Disbursement.

  • Interest on Prime Based Loans and USBR Loans is calculated daily and payable monthly in arrears based on the number of days the subject loan is outstanding.

  • Prime Loans, USBR Loans, US Prime Rate Loans and Bankers' Acceptance greater than $10 million Before 11:00 a.m. two Business Days prior to the requested Drawdown Date.

  • The Borrower shall pay interest in US Dollars on its USBR Loans outstanding from time to time at a rate per annum equal to the aggregate of the USBR and the Applicable Pricing Margin for the USBR Margin in effect from time to time.

  • The Borrower shall pay to the Agent, on behalf of each Lender, interest on USBR Loans owed to such Lender in US Dollars at the Agent’s Account for Payments at a variable rate per annum equal to the US Base Rate plus any Applicable Pricing Margin from time to time.

  • Notwithstanding anything herein to the contrary, Canadian Prime Loans and BA Loans may only be denominated in Canadian Dollars and USBR Loans and Eurodollar Loans may only be denominated in U.S. Dollars.

  • Each Swingline Loan shall be subject to all the terms and conditions applicable to other CBFR Loans, CP Loans or USBR Loans, as applicable, funded by the applicable Revolving Lenders, except that all payments thereon shall be payable to the applicable Swingline Lender solely for its own account.

  • If, at any time while USBR Loans are outstanding, the US Base Rate is being determined by reference to the Fed Funds Rate or the one month LIBOR, the Agent shall promptly advise the Borrower of such fact.


More Definitions of USBR Loans

USBR Loans. “Bankers’ Acceptances Stamping Fee” or “Commitment Fee,” as the case may be, based on the Global Borrowing Base Utilization Percentage then in effect on such date: Global <50 % ³50 % ³75 % >90 % >100 % ³112.5 % ³125 % ³137.5 % ³150 % Borrowing Base Utilization Percentage: <75 % <90 % £100 % <112.5 % <125 % <137.5 % <150 % Eurodollar Loans: 1.250 % 1.500 % 1.750 % 2.000 % 2.500 % 2.750 % 3.000 % 3.500 % 4.00 % Canadian Prime Loans: 0 % 0 % 0.250 % 0.500 % 1.000 % 1.250 % 1.500 % 2.000 % 2.500 % USBR Loans 0 % 0 % 0.250 % 0.500 % 1.000 % 1.250 % 1.500 % 2.000 % 2.500 % Bankers’ Acceptance Stamping Fee 1.250 % 1.500 % 1.750 % 2.000 % 2.500 % 2.750 % 3.000 % 3.500 % 4.000 % Commitment Fees: 0.300 % 0.375 % 0.375 % 0.500 % 0.500 % 0.500 % 0.500 % 0.500 % 0.500 % Each change in the Applicable Rate shall apply during the period commencing on the effective date of such change and ending on the date immediately preceding the effective date of the next such change.
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Related to USBR Loans

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

  • 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.

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

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

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