Syndicate Loan definition

Syndicate Loan means a loan made by a Lender to the Borrower pursuant to Section 2.1.
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Syndicate Loan means the Line of Credit Loans made to Borrower hereunder other than Competitive Bid Loans.
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Syndicate Loan means a Loan which is a Base Rate Loan (except -------------- to the extent made pursuant to (Sec.)2.4), a Fixed CD Rate Loan or a Eurodollar Loan and which is not a Commitment Loan, Special Facility Loan or Acceptance.
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Examples of Syndicate Loan in a sentence

  • Each new Interest Period selected under this Section for a Syndicate Loan shall commence on the last day of the immediately preceding Interest Period for such Syndicate Loan.

  • The Borrower shall give the Administrative Agent written notice pursuant to a Notice of Syndicate Borrowing or telephonic notice of each Borrowing of a Syndicate Loan.

  • If, upon the expiration of any Interest Period in respect of any Competitive Bid Borrowing, Borrower shall have failed to deliver the Notice of Continuation/Conversion, or Lenders fail to provide such quotes, Borrower shall be deemed to have elected to convert or continue such Borrowing to a Borrowing of a Syndicate Loan consisting of Base Rate Advances.

  • Unless set forth to the contrary herein, (a) each Borrowing of Syndicate Loans, (b) each payment by the Borrower with respect to any Syndicate Loan, (c) each other payment to be made by the Borrower or any Loan Party hereunder or under any Loan Document in respect of the Syndicate Loans, and (d) each voluntary reduction of the Commitments pursuant to Section 2.16., shall be made by, or credited to the account of, the Lenders pro rata in accordance with their respective Credit Percentages.

  • Tokyo Branch Special deposit (betsudan yokin) Account Number: [***]* Account Holder: FASL JAPAN LIMITED Syndicate Loan 10 Billion Yen 10/180 Total 180 Billion Yen 100.0% The Participation Ratio described above is the Participation Ratio at the time of entering into this Agreement, and it may be amended pursuant to the provisions of this Agreement.

  • If notice of this Syndicate Loan Borrowing has been given previously by telephone, then this notice should be considered a written confirmation of such telephone notice as required by Section 2.2 of the Credit Agreement.

  • Unless set forth to the contrary herein, (a) each Borrowing of Syndicate Loans, (b) each payment by the Borrower with respect to any Syndicate Loan, (c) each other payment to be made by the Borrower or any Loan Party hereunder or under any Loan Document in respect of the Syndicate Loans, and (d) each voluntary reduction of the Commitments pursuant to Section 2.10., shall be made by, or credited to the account of, the Lenders pro rata in accordance with their respective Credit Percentages.

  • The aggregate principal amount of any Syndicate Loan shall be not less than $5,000,000 ($1,000,000 in the case of Base Rate Loans) or, if greater, an integral multiple of $1,000,000.

  • Pursuant to Section 2.2 of the Credit Agreement, the Borrower hereby requests a Syndicate Loan Borrowing in an amount equal to $_____________ to the Borrower.

  • The Agent shall promptly give similar notice to each Bank with respect to any Syndicate Loan.


More Definitions of Syndicate Loan

Syndicate Loan means the principal amount for the time being outstanding under the Syndicate Loan Agreement.
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Related to Syndicate Loan

  • Cov-Lite Loan A Collateral Obligation the Underlying Documents for which do not (i) contain any financial covenants or (ii) require the Obligor thereunder to comply with any Maintenance Covenant (regardless of whether compliance with one or more Incurrence Covenants is otherwise required by such Underlying Documents); provided that, notwithstanding the foregoing, a Collateral Obligation shall be deemed for all purposes (other than the S&P Recovery Rate for such Collateral Obligation) not to be a Cov-Lite Loan if the Underlying Documents for such Collateral Obligation contain a cross-default or cross acceleration provision to, or such Collateral Obligation is pari passu with, another loan, debt obligation or credit facility of the underlying Obligor that contains one or more Maintenance Covenants.

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • Lender PMI Loans Mortgage Loans with respect to which the lender rather than the borrower acquired the primary mortgage guaranty insurance and charged the related borrower an interest premium.

  • Subsidy Loan Any Mortgage Loan subject to a temporary interest subsidy agreement pursuant to which the monthly interest payments made by the related Mortgagor will be less than the scheduled monthly interest payments on such Mortgage Loan, with the resulting difference in interest payments being provided by the employer of the Mortgagor. Each Subsidy Loan will be identified as such in the Mortgage Loan Schedule.

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

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

  • Revolving Loan means a Loan made pursuant to Section 2.01.

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • PPP Loan means (i) any covered loan under paragraph (36) of Section 7(a) of the Small Business Act (15 U.S.C. 636(a)), as added by Section 1102 of the CARES Act, or (ii) any loan that is an extension or expansion of, or is similar to, any covered loan described in clause (i).

  • Mortgage Loan Borrower Related Party shall have the meaning assigned to such term in Section 13.

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

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

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

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01(b). Unless the context otherwise requires, the term “Revolving Facility Loans” shall include the Other Revolving Loans.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

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

  • 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.

  • Project Loan means the loan made by the Governmental Lender to the Borrower pursuant to the Project Loan Agreement in the original principal amount of $[AMOUNT], as evidenced by the Project Note.

  • L/C Borrowing means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Credit Borrowing.

  • Term Loan as defined in Section 2.1.

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

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

  • 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).

  • Borrowing means Loans of the same Type, made, converted or continued on the same date and, in the case of Eurodollar Loans, as to which a single Interest Period is in effect.

  • Term Loan Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term Loan Lenders pursuant to Section 2.01(a).