USBR Loan definition

USBR Loan means an Advance in, or Conversion into, United States Dollars made by the Applicable Lenders under a Credit Facility to a Borrower with respect to which the applicable Borrower has specified or a provision hereof requires that interest is to be calculated by reference to the US Base Rate.
USBR Loan means an Advance in U.S. dollars on which interest is calculated by reference to the U.S. Base Rate.
USBR Loan means an Advance which is denominated in US Dollars and in respect of which the Borrower has elected to pay interest in accordance with Section 4.2(a) (including US Overdrafts).

Examples of USBR Loan in a sentence

  • The applicable Borrower shall pay interest in US Dollars on each USBR Loan to the Agent on behalf of each Lender outstanding from time to time at a rate per annum equal to the US Base Rate in effect from time to time plus the Applicable Margin.

  • Vlissides, Design Patterns, Elements of Reusable Object Oriented Software, 1995.[Stevens99] W.

  • Country X is a party to an income tax convention with the United States.

  • Each Advance by way of USBR Loan or US Prime Rate Loan shall be in a minimum aggregate principal amount of US$100,000 and larger whole multiples of US$100,000.

  • If a Borrower fails to provide the foregoing notice or make the required payment, payment of its Obligations to the applicable Lender with respect to that maturing Libor Loan shall be funded with an Advance under, as applicable, a USBR Loan or US Prime Rate Loan in the amount outstanding under that Libor Loan.


More Definitions of USBR Loan

USBR Loan means an Advance in, or Conversion into, United States Dollars made by the Applicable Lenders under a Credit Facility to the Borrower with respect to which the Borrower has specified or a provision hereof requires that interest is to be calculated by reference to the US Base Rate.
USBR Loan or “USBR Borrowing” or “Canadian Prime Loan” or “Canadian Prime Borrowing”).
USBR Loan means (i) a Loan which bears interest with reference to the U.S. Base Rate or (ii) an overdue amount which was a USBR Loan immediately before it became overdue.
USBR Loan or "USBR BORROWING" or "CANADIAN PRIME LOAN" or "CANADIAN PRIME BORROWING").
USBR Loan means an Advance which is denominated in US Dollars and in respect of which the Borrower is obligated to pay interest in accordance with Section 3.2(1). LEGAL_39694004.1 - 27 SIXTH AMENDED AND RESTATED CREDIT AGREEMENT
USBR Loan means an Advance which is denominated in US Dollars and in respect of which the Borrower is obligated to pay interest in accordance with Section 3.2(1). (281) “US Code” has the meaning given to it in Section 8.1(23). (282) “US Dollar Amount” means, for any amount on any particular date, the aggregate of: (a) the portion, if any, of the amount denominated in US Dollars; and (b) the Equivalent Amount in US Dollars (determined on that date unless otherwise specified herein) of the portion, if any, of the amount denominated in another currency. (283) “US Dollars” and the symbol “US$” each means lawful money of the United States of America in same day immediately available funds, or if those funds are not available, the form of money of the United States of America that is customarily used in the settlement of international banking transactions on the day any payment is to be made under this Agreement. (284) “US Government Securities Business Day” means any day except for (i) a Saturday, (ii) a Sunday or (iii) a day on which the Securities Industry and Financial Markets Association recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in United States government securities. (285) “US Guarantors” means all of the Subsidiaries of the Borrower incorporated in the United States that have executed and delivered a Guarantee in respect of the Obligations pursuant to this Agreement and each Person incorporated in the United States that executes and delivers a Guarantee pursuant to Section 9.1(18) or Section 9.2(6)(b)(v), and “US Guarantor” means any one of them. (286) “US Pension Plan” has the meaning given to it in Section 8.1(23). (287) “US Plan” has the meaning given to it in Section 8.1(23). (288) “US Relevant Governmental Body” means the Board of Governors of the Federal Reserve System or the Federal Reserve Bank of New York, or a committee officially endorsed or convened by the Board of Governors of the Federal Reserve System or the Federal Reserve Bank of New York, or any successor thereto. (289) “U.S. Special Resolution Regimes” has the meaning given to it in Section 14.14. (290) “Utilization Percentage” means, at any time of determination, the fraction expressed as a percentage, the numerator of which is the Total Exposure at such time, and the denominator of which is the Total Commitment. (291) “Violation” means any of the following: (A) any violation of the U.S. Investment Advisers Act of 1940, as su...
USBR Loan means a Loan which is denominated in US Dollars bearing interest at a fluctuating rate determined by reference to the US Base Rate in accordance with Section 3.2.