Agreed Rate Loans definition

Agreed Rate Loans means the Swingline Loans as to which the Borrower and the Swingline Lender with respect to such Swingline Loans have agreed to an interest rate per annum to be applicable to such Swingline Loans for the Interest Period applicable thereto (such rate, an “Agreed Rate”).
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Agreed Rate Loans means the Swingline Loans as to which the Borrower and the Swingline Lender with respect to such Swingline Loans have agreed to an interest rate per annum to be applicable to such Swingline Loans for the Interest Period applicable thereto (such rate, an “ Agreed Rate ”).
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Examples of Agreed Rate Loans in a sentence

  • Unless otherwise provided herein, all US$-Canadian Loans made to the US$-Canadian Borrowers, other than Dollar-denominated US$-Canadian Loans, shall be made, maintained and continued as CDOR Loans or, in the case of US$-Canadian Swingline Loans only, C$ Prime Loans or Agreed Rate Loans.

  • Canadian Swingline Loans shall be either Eurocurrency Loans, Canadian Prime Rate Loans or Agreed Rate Loans and the Interest Period with respect to such Eurocurrency Loans, Canadian Prime Rate Loans or Agreed Rate Loans shall be as agreed upon by the Canadian Swingline Lender.

  • Requests for Agreed Rate Loans and Prime Loans may be made up until 1 p.m. on the date the Loan is to be made.

  • Swing Loans may only be made and continued as Base Rate Loans or Agreed Rate Loans.

  • In the event Agreed Rate Loans are available, the Bank shall determine the Agreed Rate applicable to each requested Agreed Rate Loan for each Interest Period at 11:00 a.m., New York City time, or as soon as practicable thereafter on the day of the making of the Agreed Rate Loan, and shall notify the Borrower of the Agreed Rate so determined.

  • The Tranche A Revolving Loans denominated in any Alternate Currency may be Eurocurrency Loans or Agreed Rate Loans as set forth in the relevant Alternate Currency Amendment.

  • Interest on Base Rate Loans and, unless otherwise agreed by the Borrower and the Agent, Agreed Rate Loans and the commitment fee shall be computed on the basis of a year of 365 or 366 days, as applicable, and paid for the actual number of days elapsed.

  • In the absence of such specification, amounts being prepaid shall be applied first to any Prime Rate Loan then outstanding and then to Agreed Rate Loans in the order of the expiration of their respective Interest Periods.

  • The Revolving Loans denominated in any Alternate Currency may be Eurocurrency Loans or Agreed Rate Loans as set forth in the relevant Alternate Currency Amendment.

  • Interest calculated on the basis of the Prime Rate, fees payable pursuant to Section 1.15 and, unless otherwise agreed by the Borrower and the Administrative Agent, Agreed Rate Loans, shall be computed on the basis of a year of 365 or 366 days, as applicable, and paid for the actual number of days elapsed.

Related to Agreed Rate Loans

  • LIBOR Rate Loans means the Loans bearing interest with reference to the LIBOR Rate.

  • Fixed Rate Loans means Euro-Dollar Loans or Money Market Loans (excluding Money Market LIBOR Loans bearing interest at the Base Rate pursuant to Section 8.01) or any combination of the foregoing.

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

  • Prime Rate Loans means any Loans or portion thereof on which interest is payable based on the Prime Rate in accordance with the terms thereof.

  • Base Rate Loans Loans the rate of interest applicable to which is based upon the Base Rate.