Fluctuating Rate Loans definition

Fluctuating Rate Loans means any Loan bearing interest based on ---------------------- the Prime Rate.
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Fluctuating Rate Loans means Loans hereunder that bear interest at a rate of interest based upon the Prime Rate.
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Fluctuating Rate Loans. Loans hereunder that bear interest at a rate of interest based upon the Prime Rate plus the applicable margin, if indicated.
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Examples of Fluctuating Rate Loans in a sentence

  • Revolving Credit Loans may be Fluctuating Rate Loans or LIBOR Loans, as further provided herein.

  • Such payment shall be applied to reduce the aggregate unpaid principal balance of Revolving Credit Loans then outstanding by first applying such payment to reduce Fluctuating Rate Loans and then to reduce LIBOR Loans.

  • Such payment shall be applied to reduce the aggregate unpaid principal balance of Facility A Revolving Credit Loans then outstanding by first applying such payment to reduce Fluctuating Rate Loans and then to reduce LIBOR Loans.

  • Such payment shall be applied to reduce the aggregate unpaid principal balance of the Revolving Credit Loans then outstanding by first applying such payment to reduce Fluctuating Rate Loans and then to reduce LIBOR Loans.

  • Borrower may from time to time elect to designate all or any portion of the outstanding Loans (whether Fluctuating Rate Loans or existing LIBOR Loans) as a "Tranche" which after such election shall consist of one or more outstanding Loans with an identical LIBOR Fixed Rate and LIBOR Interest Period.

  • The Term Loan may be outstanding as either Fixed Rate Loans or Fluctuating Rate Loans.

  • Post Default Rate" shall mean at any time a rate of interest equal to 3% per annum in excess of the rate that would then be applicable to Fluctuating Rate Loans.

  • As ever, we have worked hard with all the key partners to raise awareness of safeguarding issues.

  • Revolving Credit Loans may be outstanding as either Fixed Rate Loans or Fluctuating Rate Loans.

  • The Term Note shall bear interest on the unpaid principal amount thereof from time to time outstanding at a rate per annum, to be elected pursuant to the provisions of this Agreement equal to, in the case of Fixed Rate Loans for the Interest Period therein specified, equal to 175 basis points in excess of the Adjusted Libor Rate, and, in the case of Fluctuating Rate Loans, equal to the Prime Rate (which interest rate shall change when and as the Prime Rate changes).


More Definitions of Fluctuating Rate Loans

Fluctuating Rate Loans means Loans hereunder that bear interest at a rate of interest based upon the Prime Rate. "GAAP" shall mean generally accepted accounting principles applied in a manner consistent with that employed in the preparation of the financial statements described in Section 3.
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Fluctuating Rate Loans means Loans hereunder that bear interest at a rate of interest based upon the Prime Rate. "GAAP" shall mean generally accepted accounting principals applied in a manner consistent with that employed in the preparation of the financial statements described in Section 3.1. 3 4 "Governmental Authority" shall mean any nation or government, any state or other political subdivision thereof, any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government, and any corporation or other entity owned or controlled (through stock or capital ownership or otherwise) by any of the foregoing. "Indebtedness" shall mean, with respect to any Person, (a) all obligations of such Person for borrowed money or with respect to deposits or advances of any kind, (b) all obligations of such Person evidenced by bonds, debentures, notes or other similar instruments, (c) all obligations of such Person for the deferred purchase price of property or services, except current accounts payable arising in the ordinary course of business and not overdue beyond such period as is commercially reasonable for such Person's business, (d) all obligations of such Person under conditional sale or other title retention agreements relating to property purchased by such Person, (e) all payment obligations of such Person with respect to interest rate or currency protection agreements, (f) all obligations of such Person as an account party under any letter of credit or in respect of bankers' acceptances, (g) all obligations of any third party secured by property or assets of such Person (regardless of whether or not such Person is liable for repayment of such obligations), (h) all guarantees of such Person, (i) the redemption price of all redeemable preferred stock of such Person, but only to the extent that such stock is redeemable at the option of the holder or requires sinking fund or similar payments at any time prior to the Termination Date and (j)
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Related to Fluctuating Rate Loans

  • Floating Rate Loan means a Loan which bears interest at the Floating Rate.

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

  • LIBOR Rate Loans means the Loans bearing interest with reference to the LIBOR 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.

  • Prime Rate Loan means the Loan at such time as interest thereon accrues at a rate of interest based upon the Prime Rate.

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

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

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

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

  • Fixed Rate Loans means 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.

  • 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).

  • Eurodollar Rate Committed Loan means a Committed Loan that bears interest at a rate based on clause (a) of the definition of “Eurodollar Rate.”

  • Alternate Base Rate Loans means Loans that bear interest at an interest rate based on the Alternate Base Rate.

  • Canadian Prime Rate Loans means any Canadian Dollar Revolving Loan during the period which it bears interest at a rate determined by reference to the Canadian Prime Rate.

  • Floating Rate Advance means an Advance which bears interest at the Floating Rate.

  • Canadian Prime Rate Loan means any Loan made to the Borrower in Canadian Dollars which bears interest based upon the Canadian Prime Rate as provided in Section 4.1(a).

  • Eurodollar Rate Loans means Loans bearing interest at rates determined by reference to the Adjusted Eurodollar Rate as provided in subsection 2.2A.

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

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

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

  • Eurocurrency Rate Advance means a Revolving Credit Advance denominated in Dollars or a Committed Currency that bears interest as provided in Section 2.07(a)(ii).

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

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

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

  • LIBO Rate Advances means a Competitive Bid Advance denominated in Dollars or in any Foreign Currency and bearing interest based on the LIBO Rate.