NOTE 1:- The overall limit of the Revolving HIBOR Loan Facilities are switchable to HKD Overdraft Facilities.
Note: ----- Quarterly average utilisation below 80% will be subject to 0.25% commitment fees on the full HIBOR Loan amount at the discretion of the Bank.
For HIBOR Loan facility, 24 hours advance notice of drawdown / rollover is to be given to the Bank.
LIBOR Loan means a Loan or any portion thereof bearing interest by reference to the LIBOR Rate.
CDOR Rate Loan means a Loan denominated in Canadian Dollars the rate of interest applicable to which is based on the CDOR Rate.
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).
LIBOR Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the LIBOR Rate.
Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.
Eurodollar Loan means any Loan bearing interest at a rate determined by reference to the Eurodollar Rate.
Index Rate Loan means a Loan or portion thereof bearing interest by reference to the Index 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).
Absolute Rate Loan means a Bid Rate Loan, the interest rate on which is determined on the basis of an Absolute Rate pursuant to an Absolute Rate Auction.
Eurocurrency Loan means any Eurocurrency Term Loan or Eurocurrency Revolving Loan.
Eurocurrency Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the applicable Eurocurrency Rate.
Dollar Loan means a Loan denominated in Dollars.
Offshore Rate Loan means a Loan that bears interest based on the Offshore Rate.
Term SOFR Rate Loan means a Loan that bears interest based on the Term SOFR Rate.
LIBO Rate Advance means a Pro Rata Advance that bears interest as provided in Section 2.04(a)(ii).
LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.
Eurocurrency Rate Loan means a Loan that bears interest at a rate based on the Eurocurrency Rate.
LIBOR Loans means a Loan or any portion thereof bearing interest by reference to the LIBOR Rate.
Eurodollar Rate Advance means an Advance that bears interest as provided in Section 2.07(a)(ii).
Bid Rate Loan means a loan made by a Lender under Section 2.2.
LIBOR Rate Advance means an Advance which bears interest at a LIBOR Rate.
Eurodollar Rate Borrowing means a Borrowing comprised of Eurodollar Rate Loans.
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.
Eurocurrency Term Loan means any Term Loan bearing interest at a rate determined by reference to the Adjusted LIBO 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.
Eurodollar Rate Loan means a Loan that bears interest at a rate based on the Eurodollar Rate.