Absolute Rate Bid Loan Request definition

Absolute Rate Bid Loan Request any Bid Loan Request requesting the Banks to offer to make Bid Loans at an absolute rate (as opposed to a rate composed of the Applicable Index Rate plus (or minus) a margin).
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Absolute Rate Bid Loan Request any Bid Loan Request requesting the Bid Loan Banks to offer to make Absolute Rate Bid Loans.
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Absolute Rate Bid Loan Request any Bid Loan Request requesting the Bid Loan Lenders to offer to make Bid Loans at an absolute fixed rate for the term of the Bid Loan.
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Examples of Absolute Rate Bid Loan Request in a sentence

  • This is an [Index Rate] [Absolute Rate] Bid Loan Request pursuant to subsection 2.2 of the Credit Agreement requesting quotes for the following Bid Loans: Aggregate Principal Amount $ $ $ Borrowing Date Interest Period Maturity Period Interest Payment Dates Interest Rate Basis 360 day year NOTE: THE AGGREGATE PRINCIPAL AMOUNTS APPEARING ABOVE MUST BE IN THE AGGREGATE AT LEAST EQUAL TO $25,000,000 AND IN A WHOLE MULTIPLE OF $5,000,000.

  • Subject to the terms and conditions of this Agreement, the Company may borrow Bid Loans from time to time during the Bid Loan Commitment Period on any Business Day (in the case of Bid Loans made pursuant to an Absolute Rate Bid Loan Request) or any Working Day (in the case of Bid Loans made pursuant to an Index Rate Bid Loan Request).

  • The maturity date for each Bid Loan made pursuant to an Absolute Rate Bid Loan Request shall be not less than 7 days nor more than 183 days after the Borrowing Date therefor and the maturity date for each Bid Loan made pursuant to an Index Rate Bid Loan Request shall be 1, 2, 3, or 6 months after the Borrowing Date therefor (and in any event, in each such case, not after the Termination Date).

  • This is a[n] [LIBOR] [Absolute Rate] Bid Loan Request pursuant to subsection 2.3(b) of the Credit Agreement requesting quotes for the following Bid Loans: Aggregate Principal Amount: $----- $----- $----- Bid Loan Date: ----- ----- ----- [Interest Period:]* ----- ----- ----- Maturity Date:** ----- ----- ----- Interest Payment Dates: ----- ----- ----- Borrower: ----- ----- ----- -------- * Insert only in a LIBOR Bid Loan Request.


More Definitions of Absolute Rate Bid Loan Request

Absolute Rate Bid Loan Request any Bid Loan Request requesting ------------------------------ the Banks to offer to make Bid Loans at an absolute rate (as opposed to a rate composed of the Applicable Index Rate plus (or minus) a margin). ---- -----
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Absolute Rate Bid Loan Request means any Competitive Bid Quote Request requesting the Lenders to offer to make Competitive Bid Loans at an Absolute Rate (as opposed to a rate composed of the Applicable Index Rate plus (or minus) a margin);
Sample 1

Related to Absolute Rate Bid Loan Request

  • Competitive Bid Loan means a Competitive Bid LIBOR Loan or a Competitive Bid Absolute Rate Loan.

  • Competitive Bid Borrowing means a borrowing consisting of simultaneous Competitive Bid Advances from each of the Lenders whose offer to make one or more Competitive Bid Advances as part of such borrowing has been accepted under the competitive bidding procedure described in Section 2.03.

  • Notice of Competitive Bid Borrowing has the meaning specified in Section 2.03(a).

  • Competitive Bid Advance means an advance by a Lender to the Borrower as part of a Competitive Bid Borrowing resulting from the competitive bidding procedure described in Section 2.03 and refers to a Fixed Rate Advance or a LIBO Rate Advance.

  • Absolute Rate Loan means a Bid Loan that bears interest at a rate determined with reference to an Absolute Rate.

  • Money Market Absolute Rate Loan means a loan to be made by a Bank pursuant to an Absolute Rate Auction.

  • Competitive Bid Rate means, with respect to any Competitive Bid, the Margin or the Fixed Rate, as applicable, offered by the Lender making such Competitive Bid.

  • Absolute Rate means a fixed rate of interest expressed in multiples of 1/100th of one basis point.

  • Bid Loan has the meaning specified in Section 2.03(a).

  • Competitive Bid Note means a promissory note of the Borrower payable to the order of any Lender, in substantially the form of Exhibit A-2 hereto, evidencing the indebtedness of the Borrower to such Lender resulting from a Competitive Bid Advance made by such Lender.

  • Loan Request means a Loan request and certificate duly executed by an Authorized Officer of the Borrower substantially in the form of Exhibit B hereto.

  • Competitive Bid Request means a request by the Borrower for Competitive Bids in accordance with Section 2.04.

  • Competitive Bid Quote Request means the notice, in substantially the form of Exhibit C hereto, to be delivered by the Company in accordance with Section 2.03 in requesting Competitive Bid Quotes.

  • Bid Rate Loan means a loan made by a Lender under Section 2.2.

  • Competitive Bid means an offer by a Lender to make a Competitive Loan in accordance with Section 2.04.

  • Competitive Bid Margin means the margin above or below the applicable Eurocurrency Base Rate offered for a Eurocurrency Bid Rate Loan, expressed as a percentage (rounded to the nearest 1/100 of 1%) to be added or subtracted from such Eurocurrency Base Rate.

  • Swing Loan Request means a request for Swing Loans made in accordance with Section 2.5.2 [Swing Loan Requests] hereof.

  • Bid Borrowing means a borrowing consisting of simultaneous Bid Loans of the same Type from each of the Lenders whose offer to make one or more Bid Loans as part of such borrowing has been accepted under the auction bidding procedures described in Section 2.03.

  • Notice of Revolving Credit Borrowing has the meaning specified in Section 2.02(a).

  • Eurodollar Revolving Borrowing means a Borrowing comprised of Eurodollar Revolving Loans.

  • Eurodollar Rate Borrowing means a Borrowing comprised of Eurodollar Rate Loans.

  • Notice of Committed Borrowing has the meaning set forth in Section 2.02.

  • Fixed Rate Borrowing means a Borrowing comprised of Fixed Rate Loans.

  • Notice of Revolving Credit Advance has the meaning ascribed to it in Section 1.1(a).

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • Swingline Loan Request has the meaning set forth in Section 2.06(b).