Adjusted CD Rate Advance means a Contract Advance that bears interest based on the Adjusted CD Rate.
Adjusted CD Rate Advance means a Revolving Credit Advance that bears interest as provided in Section 2.06(a)(iii).
Adjusted CD Rate Advance means a Revolving Credit Advance that bears interest as provided in Section 2.07(a)(iii).
Examples of Adjusted CD Rate Advance in a sentence
In the case of any such prepayment of an Adjusted CD Rate Advance, Eurodollar Rate Advance or a B Advance, the Borrower shall be obligated to reimburse the Lender(s) in respect thereof pursuant to Section 8.04(b).
The "Assessment Rate" for the Interest Period for each Adjusted CD Rate Advance comprising part of the same A Borrowing means the annual assessment rate estimated by the Agent on the first day of such Interest Period for determining the then current annual assessment payable by the Agent to the Federal Deposit Insurance Corporation (or any successor) for insuring U.S. dollar deposits of the Agent in the United States.
As used in this Agreement, the following terms shall have the following meanings (such meanings to be equally applicable to both the singular and plural forms of the terms defined): "A Advance" means an advance by a Lender to the Borrower as part of an A Borrowing and refers to an Adjusted CD Rate Advance, a Base Rate Advance or a Eurodollar Rate Advance, each of which shall be a "Type" of A Advance.
The Adjusted CD Rate for the Interest Period for each Adjusted CD Rate Advance comprising part of the same A Borrowing shall be determined by the Agent on the basis of applicable rates furnished to and received by the Agent from the Reference Banks on the first day of such Interest Period, subject, however, to the provisions of Section 2.09.
More Definitions of Adjusted CD Rate Advance
Adjusted CD Rate Advance means an A Advance which bears interest as provided in Section 2.07(b).
Adjusted CD Rate Advance means an Advance which bears interest as provided in Section 2.05(b). -------
Adjusted CD Rate Advance means an Advance denominated in Dollars which bears interest as provided in SECTION 2.07(b).
Adjusted CD Rate Advance means an A Advance which bears interest as provided in Section 2.07(b). "Advance" means an A Advance or a B Advance. "Affiliate" means, with respect to any Person, any other Person directly or indirectly controlling (including but not limited to all directors and officers of such Person), controlled by, or under direct or indirect common control with such Person. A Person shall be deemed to control another entity if such Person possesses, directly or indirectly, the power to direct or cause the direction of the management and policies of such entity, whether through the ownership of voting securities, by contract, or otherwise. "Alternate Base Rate" means a fluctuating interest rate per annum as shall be in effect from time to time which rate per annum shall at all times be equal to the higher of: (a) the rate of interest announced publicly by Citibank, N.A. in New York, New York, from time to time, as Citibank, N.A.'s base rate; and (b) 1/2 of one percent per annum above the Federal Funds Rate. Each change in the Alternate Base Rate shall take effect concurrently with any change in such base rate or the Federal Funds Rate. "Applicable Lending Office" means, with respect to each Lender, such Lender's Domestic Lending Office in the case of a Base Rate Advance, such Lender's CD Lending Office in the case of an Adjusted CD Rate Advance and such Lender's Eurodollar Lending Office in the case of a Eurodollar Rate Advance and, in the case of a B Advance, the office of such Lender notified by such Lender to the Agent as its Applicable Lending Office with respect to such B Advance. "Applicable Margin" means, for a Eurodollar Rate Advance, an Adjusted CD Rate Advance or Base Rate Advance, the number of basis points set forth below in the columns identified as Level 1, Level 2, Level 3 or Level 4 below, opposite the rate xxxxxxxxxx xx xxxx Advance. Level 1 Level 2 Level 3 Level 4 S&P X- xx xxxxxx XXX+ XXX below BBB* and and and or Moody's A3 or better Baa1 Baa2 bexxx Baa2* Basis Points Per Annum Eurodollar Rate 25.0 25.0 30.0 70.0 Adjusted CD Rate 37.5 37.5 42.5 82.5 Base Rate Advance 0 0 0 50.0 * or unrated
Adjusted CD Rate Advance. Adjusted CD Rate Reserve Percentage" and "CD Lending Office" in Section 1.01 of the Existing Agreement, and all references to those definitions appearing in the Existing Agreement, are hereby deleted in their entirety. Notwithstanding anything in the Existing Agreement to the contrary, upon the effectiveness of this Amendment no Advance shall bear interest at the Adjusted CD Rate.
Adjusted CD Rate Advance means a Contract Advance that bears interest as provided in Section 2.07(b). Adjusted CD Rate Reserve Percentage for the Interest Period for each Adjusted CD Rate Advance made as part of the same Contract Borrowing means the reserve percentage applicable on the first day of such Interest Period under regulations issued from time to time by the Board of Governors of the Federal Reserve System (or any successor) for determining the maximum reserve requirement (including, but not limited to, any emergency, supplemental or other marginal reserve requirement) for a member bank of the Federal Reserve System in New York City with deposits exceeding one billion dollars with respect to liabilities consisting of or including (among other liabilities) U.S. dollar nonpersonal time deposits in the United States with a maturity equal to such Interest Period.
Adjusted CD Rate Advance means a Contract Advance that bears interest as provided in Section 2.07(b). Adjusted CD Rate Reserve Percentage for the Interest Period for each Adjusted CD Rate Advance made as part of the same Contract Borrowing means the reserve percentage applicable on the first day of such Interest Period under regulations issued from time to time by the Board of Governors of the Federal Reserve System (or any successor) for determining the maximum reserve requirement (including, but not limited to, any emergency, supplemental or other marginal reserve requirement) for a member bank of the Federal Reserve System in New York City with deposits exceeding one billion dollars with respect to liabilities consisting of or including (among other liabilities) U.S. dollar nonpersonal time deposits in the United States with a maturity equal to such Interest Period. Advance means a Contract Advance or an Auction Advance. Affiliate means, as to any Person, any other Person that, directly or indirectly, controls, is controlled by or is under common control with such Person or is a director or officer of such Person. AP&L means Arkansas Power & Light Company, an Arkansas corporation. Applicable Lending Office means, with respect to each Lender, such Lender's Domestic Lending Office in the case of a Base Rate Advance, such Lender's CD Lending Office in the case of an Adjusted CD Rate Advance, and such Lender's Eurodollar Lending Office in the case of a Eurodollar Rate Advance and, in the case of an Auction Advance, the office of such Lender notified by such Lender to the Agent as its Applicable Lending Office with respect to such Auction Advance. Applicable Margin means, on any date, for any Adjusted CD Rate Advance or Eurodollar Rate Advance, the interest rate per annum set forth below, determined by reference to the combined Senior Debt Ratings from time to time of the two Significant Subsidiaries (other than SERI) having the highest Senior Debt Ratings. Significant Subsidiary with highest Senior Debt Rating Senior Debt Ratings A- and A3 or above BBB+ and Baa1 or BBB and Baa2 or split rated above BBB- and Baa3 or split rated above BB+ and/or Ba1 or below or unrated A- and A3 or above E--0.35% CD--0.475% E--0.40% CD--0.525% E--0.48% CD--0.605% E--0.75% CD--0.875% Significant Subsidiary with next highest Senior Debt Rating BBB+ and Baa1 or BBB and Baa2 or split rated above E--0.40% CD--0.525% E--0.45% CD--0.575% E--0.50% CD--0.655% E--0.80% CD--0.925% BBB- and Baa3 or split rated a...