Adjusted CD Rate Loan definition

Adjusted CD Rate Loan means a Loan that the Borrower has designated, or is deemed to have designated, as such in accordance with Article II.
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Adjusted CD Rate Loan means any Loan for which interest is determined, in accordance with the provisions hereof, at the Adjusted CD Rate.
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Adjusted CD Rate Loan means a Loan bearing interest as specified in Section 2.1(c) hereof.
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Examples of Adjusted CD Rate Loan in a sentence

  • The interest rate applicable to an Adjusted CD Rate Loan shall be fixed during each Interest Period applicable to such Loan except as expressly provided in this Agreement with respect to adjustments for changes in the Applicable Margin, the CD Reserve Percentage or the Assessment Rate applicable to such Loan.

  • Unless the Borrower notifies the Administrative Agent at least 1 Domestic Business Day before the date of any Borrowing of Euro-Dollar Loans for which a Notice of Borrowing has previously been given that it elects not to borrow on such date, such Borrowing shall instead be made as an Adjusted CD Rate Loan.

  • This means that informal interactions will decrease as well, which makes it easier to keep track of the formal process.

  • Each Adjusted CD Rate Loan shall be in a minimum amount of $1,000,000.

  • During the period when it is unlawful for any Bank to make Eurodollar Loans, Committed Loans shall continue to be made in such a manner so that the percentage of each Bank's Commitment in the form of Committed Loans is unchanged, but the Banks affected by such illegality shall make their share of each Committed Borrowing which has been requested in the form of Eurodollar Loans available in the form of a Domestic Rate Loan or Adjusted CD Rate Loan, as requested by the Company.

  • Each Swingline Loan shall be made as a Base Rate Loan or an Adjusted CD Rate Loan and shall have such maturity date as the Swingline Lender and the Borrower shall agree upon receipt by the Swingline Lender of any such notice from the Borrower, such maturity date not to exceed seven (7) Business Days from the making of such Swingline Loan.

  • Each such notice shall specify the date of the Loan requested (which shall be a Business Day), the amount of such Loan, whether the Loan is a Domestic Rate Loan, Adjusted CD Rate Loan, LIBOR Loan or Offered Rate Loan and, if the Loan is an Adjusted CD Rate Loan, LIBOR Loan or Offered Rate Loan, the Interest Period applicable thereto.

  • Interest on each Adjusted CD Rate Loan shall be due and payable on the last day of each Interest Period applicable thereto and at maturity (whether by lapse of time, acceleration or otherwise) and, with respect to any Interest Period applicable to an Adjusted CD Rate Loan in excess of ninety (90) days, then on the date occurring every ninety (90) days after the date such Interest Period began and at the end of such Interest Period, and interest after maturity shall be due and payable upon demand.

  • Notwithstanding any other provision to the contrary set forth in this Credit Agreement, in the event that the principal amount of any Adjusted CD Rate Loan is not repaid on the last day of the Interest Period for such Loan, then such Loan shall be automatically converted into a Base Rate Loan at the end of such Interest Period.


More Definitions of Adjusted CD Rate Loan

Adjusted CD Rate Loan means a Loan bearing interest at the rate specified in Section 2.1(b) hereof.
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Adjusted CD Rate Loan means a Loan that the Borrower has designated, or is deemed to have designated, as such in accordance with
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Adjusted CD Rate Loan means a Swingline Loan that bears interest based on the Adjusted CD Rate. CHAR_1\F:\DOCS\KAM\BANKING\218148_8 2
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Adjusted CD Rate Loan means a Loan which bears or is to bear interest at a rate based upon the Adjusted CD Rate.
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Related to Adjusted CD Rate Loan

  • Index Rate Loan means a Loan or portion thereof bearing interest by reference to the Index Rate.

  • Reference Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the Reference Rate.

  • U.S. Base Rate Loan means a Loan denominated in Dollars which bears interest at a rate based upon the U.S. Base Rate.

  • Floating Rate Loan means a Loan which bears interest at the Floating Rate.

  • LIBOR Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the LIBOR Rate.

  • LIBO Rate Loan means a Loan bearing interest, at all times during an Interest Period applicable to such Loan, at a fixed rate of interest determined by reference to the LIBO Rate (Reserve Adjusted).

  • Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.

  • Term SOFR Rate Loan means a Loan that bears interest based on the Term SOFR Rate.

  • Eurocurrency Rate Loan means a Loan that bears interest at a rate based on the Eurocurrency Rate.

  • Eurodollar Rate Loan means a Loan that bears interest at a rate based on the Eurodollar Rate.

  • Prime Rate Loan means a Loan that bears interest based on the Prime Rate.

  • CDOR Rate Loan means a Loan denominated in Canadian Dollars the rate of interest applicable to which is based on the CDOR Rate.

  • Base Rate Loan means a Loan that bears interest based on the Base Rate.

  • Alternate Base Rate Loan means a Loan which bears interest at the Alternate Base Rate or the Default Rate.

  • Eurocurrency Rate Advance means a Revolving Credit Advance denominated in Dollars or a Committed Currency that bears interest as provided in Section 2.07(a)(ii).

  • Offshore Rate Loan means a Loan that bears interest based on the Offshore Rate.

  • 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.

  • Alternative Currency Term Rate Loan means a Committed Loan that bears interest at a rate based on the definition of “Alternative Currency Term Rate.” All Alternative Currency Term Rate Loans must be denominated in an Alternative Currency.

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

  • Alternate Base Rate Loans means Loans that bear interest at an interest rate based on the Alternate Base Rate.

  • Canadian Base Rate Loan means a Canadian Loan that bears interest at a rate per annum determined by reference to the Canadian Prime Rate.

  • Eurodollar Rate Committed Loan means a Committed Loan that bears interest at a rate based on the Eurodollar Rate.

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

  • LIBOR Loan means a Loan or any portion thereof bearing interest by reference to the LIBOR Rate.

  • Eurodollar Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the applicable Eurodollar Rate.

  • Alternative Currency Daily Rate Loan means a Committed Loan that bears interest at a rate based on the definition of “Alternative Currency Daily Rate.” All Alternative Currency Daily Rate Loans must be denominated in an Alternative Currency.