Standby Loan definition

Standby Loan means a revolving loan made by a Lender pursuant to Section 2.04. Each Standby Loan shall be a Eurocurrency Standby Loan or an ABR Loan.
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Standby Loan a revolving loan made by a Lender pursuant to Section 2.07. Each Standby Loan shall be a Eurocurrency Loan or a Base Rate Loan.
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Standby Loan shall have the meaning given such term in Section 2.01.
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Examples of Standby Loan in a sentence

  • Standby Loan and Demand loan interest is payable at LIBOR plus 1.15% per annum for periods of 30, 60, 90, 180 or 360 days.

  • A stand-by fee of 0.10% per annum is applied to the daily unused portion of the Standby Loan and Demand Loan facilities.

  • A stand- by fee of 0.10% per annum is applied to the daily unused portion of the Standby Loan and Demand Loan facilities.

  • The Stand-by Loan facility, which has a 40- year loan term inclusive of a 10-year grace period and a 0.01 percent interest rate, has a limit of JPY 5.0 billion with a remaining unutilised balance of JPY 2.85 billion.

  • A school-aged child is ill on a school day and is in care for more hours because of the illness.

  • Sanguinetti´s administration received support through an IMF Stand-by Loan and had to negotiate goals related to fiscal constraints.

  • In the event of any conversion of any Eurocurrency Standby Loan and/or Eurocurrency Term Loan, as applicable, prior to the end of the current Interest Period therefor, accrued interest on such Loan shall be payable on the effective date of such conversion.

  • In the event of any conversion of any Eurocurrency Standby Loan prior to the end of the current Interest Period therefor, accrued interest on such Loan shall be payable on the effective date of such conversion.

  • Based on agreement between the Slovak government and the International Monetary Fund, the validity of a Stand-by Loan expired on 21 March 1996.

  • Government successfully accessed the ADB Subprogram 2 policy based loan, the World Bank Second Fiscal Sustainability and Climate Resilience Development Policy Loan and the Japan International Cooperation Agency (JICA) Stand-by Loan during FY2019-2020.


More Definitions of Standby Loan

Standby Loan means a loan made or proposed to be made by Bangladesh Bank upon the recommendation of the Facility Advisor to a PFI out of the proceeds of the Facility and to be utilized by the PFI for financing Investment Projects through the provision of Subloans and/or Lease Financing;
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Standby Loan means a revolving loan made by the Lenders to the Borrower pursuant to Section 2.04. Each Standby Loan shall be a Eurodollar Standby Loan or an ABR Loan.
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Related to Standby Loan

  • Standby Letter of Credit means any Letter of Credit other than a Commercial Letter of Credit.

  • Standby L/C an irrevocable letter of credit under which the Issuing Lender agrees to make payments in Dollars for the account of Borrower, on behalf of Borrower or any Qualified Subsidiary in respect of obligations of Borrower or such Subsidiary incurred pursuant to contracts made or performances undertaken or to be undertaken or like matters relating to contracts to which Borrower or such Qualified Subsidiary is or proposes to become a party in Borrower’s or such Qualified Subsidiary’s business, including, without limiting the foregoing, for insurance purposes or in respect of advance payments or as bid or performance bonds or for any other purpose for which a standby letter of credit might customarily be issued.

  • Standby Letters of Credit shall have the meaning assigned to such term in Section 2.05(a).

  • Standby LC Exposure means, at any time, the sum of (a) the aggregate undrawn amount of all standby Letters of Credit outstanding at such time plus (b) the aggregate amount of all LC Disbursements relating to standby Letters of Credit that have not yet been reimbursed by or on behalf of the Borrowers at such time. The Standby LC Exposure of any Revolving Lender at any time shall be its Applicable Percentage of the aggregate Standby LC Exposure at such time.

  • Multicurrency Loan means a Loan denominated in Dollars or an Agreed Foreign Currency.

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • Letter of Credit Advance means an advance made by any Issuing Bank or any Lender pursuant to Section 2.03(c).

  • Letter of Credit Maturity Date the date occurring 15 days prior to the Revolving Termination Date then in effect (or, if such day is not a Business Day, the next preceding Business Day).

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • Standby is displayed, followed by a message stating “Bidding started”. Enter your “Start bid”.

  • Alternative Currency Letter of Credit means a Letter of Credit denominated in an Alternative Currency.

  • Letter of Credit Fee has the meaning specified in Section 2.03(h).

  • Alternate Currency Letter of Credit means any Letter of Credit denominated in an Alternate Currency.

  • Euro-Dollar Loan means a Committed Loan that bears interest at a Euro-Dollar Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election.

  • Revolving Loan has the meaning specified in Section 2.01(a).

  • Foreign Currency Letter of Credit means a Letter of Credit denominated in a Foreign Currency.

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

  • Wet Loan means a wet-funded first or second lien Mortgage Loan which is underwritten in accordance with the Underwriting Guidelines and does not contain all the required Mortgage Loan Documents in the Mortgage File.

  • SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

  • Swingline Advance means an advance made by the Swingline Lender, if any, to the Borrower pursuant to Section 2.