Outstanding Fixed Rate Loans Sample Clauses

Outstanding Fixed Rate Loans. Immediately upon the delivery of an Activation Request, to the extent not prohibited by a Requirement of Law or otherwise pursuant to the terms hereof, each Lender severally, unconditionally and irrevocably agrees that it shall sell and assign or purchase and assume in U.S. Dollars an undivided percentage interest in all Fixed Rate Loans then outstanding in an amount in order to give effect to its new Revolving Loan Commitment Percentage or Multicurrency Percentage, as applicable, of the outstanding principal amount of such Fixed Rate Loans, as determined pursuant to Section 2.6.1 above. Notwithstanding the sale and assignment or purchase and assumption of such interest upon the delivery of an Activation Request, each Lender purchasing an interest pursuant to this Section will immediately transfer to the Administrative Agent in immediately available funds, the amounts of its purchased interest, and the proceeds of such interest shall be distributed by the Administrative Agent to each Lender from which an interest is being purchased in the amount(s) provided for in the preceding sentence on the last day of the then current Interest Period for any such Fixed Rate Loans. All such Loans shall bear interest at the rate which would otherwise be applicable to Fixed Rate Loans.
Sample 1
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Outstanding Fixed Rate Loans. Immediately upon the delivery of an Activation Request, to the extent not prohibited by a Requirement of Law or otherwise pursuant to the terms hereof, each Lender severally, unconditionally and irrevocably agrees that it shall sell and assign or purchase and assume in U.S. Dollars an undivided percentage interest in all Fixed Rate Loans then outstanding in an amount in order to give effect to its new Revolving Loan Commitment Percentage or Multicurrency Percentage, as applicable,
Sample 1

Related to Outstanding Fixed Rate Loans

  • Fixed Rate Loans Each Mortgage Loan bears interest at a rate that remains fixed throughout the remaining term of such Mortgage Loan, except in the case of an ARD Loan after its Anticipated Repayment Date and except for the imposition of a default rate.

  • LIBOR Rate Loans During such periods as Revolving Loans shall be comprised of LIBOR Rate Loans, each such LIBOR Rate Loan shall bear interest at a per annum rate equal to the sum of the LIBOR Rate plus the Applicable Percentage. Interest on Revolving Loans shall be payable in arrears on each Interest Payment Date.

  • Base Rate Loans Substituted for Affected Fixed Rate Loans If (i) the obligation of any Bank to make or to continue or convert outstanding Loans as or into Euro-Dollar Loans has been suspended pursuant to Section 8.02 or (ii) any Bank has demanded compensation under Section 8.03(a) or 8.04 with respect to its Euro-Dollar Loans and the Borrower shall, by at least five Euro-Dollar Business Days' prior notice to such Bank through the Administrative Agent, have elected that the provisions of this Section shall apply to such Bank, then, unless and until such Bank notifies the Borrower that the circumstances giving rise to such suspension or demand for compensation no longer apply:

  • Prime Rate Loans During such periods as the Term Loan shall be comprised of Prime Rate Loans, each such Prime Rate Loan shall bear interest at a per annum rate equal to the Prime Rate; and

  • Application of Prepayments of Loans to Base Rate Loans and Eurodollar Rate Loans Considering each Class of Loans being prepaid separately, any prepayment thereof shall be applied first to Base Rate Loans to the full extent thereof before application to Eurodollar Rate Loans, in each case in a manner which minimizes the amount of any payments required to be made by Borrower pursuant to Section 2.18(c).

  • Bid Rate Loans The Borrower shall repay the entire outstanding principal amount of, and all accrued but unpaid interest on, each Bid Rate Loan on the last day of the Interest Period of such Bid Rate Loan.

  • Base Rate Loans During such periods as Revolving Loans shall be comprised in whole or in part of Base Rate Loans, such Base Rate Loans shall bear interest at a per annum rate equal to the Adjusted Base Rate.

  • Base Rate Loans Substituted for Affected Euro-Dollar Loans If (i) the obligation of any Bank to make Euro-Dollar Loans has been suspended pursuant to Section 8.2 or (ii) any Bank has demanded compensation under Section 8.3 or 8.4 with respect to its Euro-Dollar Loans and the Borrower shall, by at least five Business Days’ prior notice to such Bank through the Administrative Agent, have elected that the provisions of this Section shall apply to such Bank, then, unless and until such Bank notifies the Borrower that the circumstances giving rise to such suspension or demand for compensation no longer exist:

  • LIBOR Advances The interest rate applicable to each LIBOR Advance shall be determined in accordance with Section 3.6(a) hereunder. Subject to Sections 3.6 and 3.7, such rate shall apply during the entire Interest Period applicable to such LIBOR Advance, and interest calculated thereon shall be payable on the Interest Payment Date applicable to such LIBOR Advance.

  • Repayment of Outstanding Loans; Borrowing of New Loans On the on the effective date of such increase, the Borrower shall repay all Loans then outstanding, subject to the Borrower’s indemnity obligations under Section 5.10 [Indemnity]; provided that it may borrow new Loans with a Borrowing Date on such date. Each of the Lenders shall participate in any new Loans made on or after such date in accordance with their respective Ratable Shares after giving effect to the increase in Revolving Credit Commitments contemplated by this Section 2.11.

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