Alternative Rate Loan definition

Alternative Rate Loan means the Loan or any portion thereof at any time during which the Interest Rate for the Loan or such portion thereof, as the case may be, is calculated with reference to the Alternative Rate in accordance with the provisions of Article II.
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Alternative Rate Loan means any Loan that is not funded with Commercial Paper Notes, including, without limitation, any Loan from and after the time, if any, when the Lender transfers such Loan, or borrows to finance such Loan, under its Liquidity Agreement.
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Alternative Rate Loan means any Loan that is not funded with Commercial Paper Notes, including, without limitation, any Loan from and after the time, if any, when the applicable Conduit Lender transfers such Loan, or borrows to finance such Loan, under its Liquidity Agreement.
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Examples of Alternative Rate Loan in a sentence

  • Each Co-Agent shall from time to time advise Borrower and Collection Agent whether a Loan is a CP Loan or an Alternative Rate Loan, and of the interest rate applicable to each Interest Period thereof.

  • Each Co-Agent shall from time to time advise Borrower and Servicer whether a Loan is a CP Loan or an Alternative Rate Loan, and of the interest rate applicable to each Interest Period thereof.

  • The Administrator shall from time to time advise the Borrower and the Servicer whether a Loan is a CP Loan or an Alternative Rate Loan, and of the interest rate applicable to each Interest Period thereof.

  • Any such conversion of an Alternative Rate Loan under (i) above shall be subject to Section 2.16.

  • Notwithstanding any provision of this Agreement to the contrary, in no event shall Borrower have the right to elect to convert a LIBOR Loan to an Alternative Rate Loan.

  • The Borrower shall designate each Loan as a LIBOR Rate Loan or Alternative Rate Loan in the Request for Borrowing or Request for Continuation given to the Administrative Agent in accordance with Section 2.5 or Section 2.6, as applicable (subject to Section 2.6(a)(C) and Section 2.18).

  • If Borrower is advised of any such subjection, change, requirement or other condition prior to the expiration of an Applicable Interest Period for any Alternative Rate Loan, Borrower may elect to prepay the Alternative Rate Loan without penalty or premium if such prepayment would reduce or eliminate the amounts which Borrower would otherwise be obligated to pay any Lender under the terms of this Section 2.5(e).

  • To the extent that a Substitute Rate is not so agreed upon by the Borrower with any affected Lenders within such time, each Alternative Rate Loan of such affected Lenders shall thereafter bear interest at the COF Rate.

  • To the extent that a Substitute Rate is not so agreed upon by the Borrower and any of the affected Lenders within such time, each Alternative Rate Loan of such affected Lender denominated in the affected Alternative Currency shall thereafter bear interest at the COF Rate.

  • If such notice is given, each Loan of such Bank then outstanding at the Euro-Dollar Rate shall be converted to an Alternative Rate Loan either (i) on the last day of the then current Interest Period applicable to such Loan if such Bank may lawfully continue to maintain and fund such Loan to such day or (ii) immediately if such Bank shall determine that it may not lawfully continue to maintain and fund such Loan to such day.


More Definitions of Alternative Rate Loan

Alternative Rate Loan means any Alternative Rate Term Loan or Alternative Rate Revolving Loan.
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Alternative Rate Loan means any Loan that is not funded with Commercial Paper Notes, including, without limitation, any Loan from and after the time, if any, when the applicable Conduit Lender transfers such Loan, or borrows to finance such Loan, under its Liquidity Agreement. Each Alternative Rate Loan will either be a Base Rate Loan or a LIBOR Loan.
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Alternative Rate Loan has the meaning specified in Clause 2.12(a) (Illegality) of the Receivables Loan Agreement.
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Alternative Rate Loan means, for each Loan of a Non-Conduit Lender or a Liquidity Bank, a Loan which bears interest at the Alternative Rate.
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Alternative Rate Loan means a Loan bearing interest at a rate per annum equal to the sum of the Alternative Rate and the Euro-Dollar Margin.
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Alternative Rate Loan means each portion of a Loan bearing interest at the Alternative Rate. “Anti-Corruption Laws” means all laws, rules, and regulations of any jurisdiction applicable to any Loan Party from time to time concerning or relating to bribery or corruption, including without limitation the United States Foreign Corrupt Practices Act of 1977, as amended and other similar legislation in any other jurisdictions. “Anti-Money Laundering Laws” means applicable laws or regulations in any jurisdiction in which the Borrower or any Loan Party is located or doing business that relates to money laundering, any predicate crime to money laundering, or any financial record keeping and reporting requirements related thereto. “Applicable Advance Rate” means, for each Borrowing Base Eligible Asset, the percentage as set forth below: Senior Commercial Real Estate Loan: 75% Senior Commercial Real Estate Construction Loan: 65% Subordinated Commercial Real Estate Loan: 50% Preferred Equity Investment: 45% Borrowing Base Debt Subsidiary: 50% Triple Net Leased Properties: 40% The Applicable Advance Rate for a Borrowing Base Eligible Asset comprised of equity interests in a Borrowing Base Subsidiary (other than a Borrowing Base Debt Subsidiary) shall be determined and applied with respect to each Mortgage Asset held by such Borrowing Base Subsidiary based on the Applicable Advance Rates applicable to such type of Mortgage Asset as set forth above. “Applicable Margin” means (a) for the period of time following the First Amendment Effective Date, the per annum rate as set forth below: Prior to 39th month anniversary of the First Amendment Effective Date: 5.000%
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Related to Alternative Rate Loan

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

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

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

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

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

  • LIBOR Loan means a Loan or any portion thereof bearing interest 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).

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

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

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

  • 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.

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

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

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

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

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

  • Dollar Loan means a Loan denominated in Dollars.

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

  • Alternative Currency Loan means an Alternative Currency Daily Rate Loan or an Alternative Currency Term Rate Loan, as applicable.

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

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

  • Alternate Currency Loan means any Loan denominated in an Alternate Currency.

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

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