Absolute Bid Rate definition

Absolute Bid Rate has the meaning specified in Section 2.02(c)(2).
View Source
Absolute Bid Rate means an absolute fixed rate of interest per annum.
View Source
Absolute Bid Rate means, with respect to an Absolute Bid Rate Loan made by a given Lender for the relevant Absolute Bid Rate Interest Period, the rate of interest per annum (rounded to the nearest 1/100 of 1%) offered by such Lender and accepted by the Borrower pursuant to Section 2.3.
View Source

Examples of Absolute Bid Rate in a sentence

  • Administrative Agent is hereby authorized by Borrower to endorse on the schedule attached to the Bid Rate Loan Note the amount of each LIBOR Bid Rate Loan and/or Absolute Bid Rate Loan, the name of the Bank making the same, the date of the advance thereof, the interest rate applicable thereto and the expiration of the Interest Period applicable thereto (i.e., the maturity date thereof).

  • Bid Rate Advances may either bear interest at the Absolute Bid Rate or the LIBOR Bid Rate.

  • Each Bid Loan shall bear interest on the outstanding principal amount thereof from the relevant Borrowing Date at a rate per annum equal to the Offshore Rate plus (or minus) the LIBOR Bid Margin or the Absolute Bid Rate, as the case may be.

  • Interest on each Absolute Bid Rate Advance shall be computed on the basis of a year of 365 or 366 days, as applicable, for the number of days actually elapsed.

  • Each Absolute Bid Rate Advance shall be for a period of not less than 7 days and not more than 180 days.

  • The Borrower may request offers to make Competitive Bid Loans for more than one (1) Interest Period and either a Eurodollar Auction or an Absolute Bid Rate Auction, but not both, in a single Competitive Bid Quote Request.

  • Administrative Agent is hereby authorized by Borrower to endorse on the schedule attached to the Bid Rate Loan Note the amount of each Term SOFR Bid Rate Loan and/or Absolute Bid Rate Loan, the name of the Bank making the same, the date of the advance thereof, the interest rate applicable thereto and the expiration of the Interest Period applicable thereto (i.e., the maturity date thereof).

  • The Borrower may request offers to make Competitive Bid Loans for more than one (1) Interest Period and for a Eurodollar Auction and an Absolute Bid Rate Auction in a single Competitive Bid Quote Request.

  • For purposes of this Agreement: "Absolute Bid Rate" means an absolute fixed rate of interest per annum.

  • Each Absolute Bid Rate Advance shall be for a term of not less than seven (7) calendar days and not more than 180 days.


More Definitions of Absolute Bid Rate

Absolute Bid Rate is hereby added to Section 1.1 of the Credit Agreement in proper alphabetical order to read as follows:
View Source
Absolute Bid Rate means an absolute fixed rate of interest per annum. "Absolute Bid Rate Advances" means a Bid Rate Advance that bears interest at an Absolute Bid Rate.
View Source