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”).

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 ”).

Examples of Agreed Rate Loans in a sentence

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

• 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.

• 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.

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

• US$-Canadian Swingline Loans shall be C$ Prime Loans or Agreed Rate Loans.

• Canadian Swingline Loans shall be C$ Prime Loans or Agreed Rate Loans.

• 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.

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• 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.