Australian Bank Xxxx Rate Loan definition

Australian Bank Xxxx Rate Loan refers to a Loan bearing interest at a rate determined by reference to the Australian Bank Xxxx Rate.
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Australian Bank Xxxx Rate Loan a Foreign Loan, or portion thereof, funded in Australian Dollars to an Australian Borrower and bearing interest calculated by reference to the Australian Bank Xxxx Rate.
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Examples of Australian Bank Xxxx Rate Loan in a sentence

  • Foreign Loan: a Loan made by Foreign Lenders to Foreign Borrowers pursuant to Section 2.1.1(b), which Loan shall be denominated in Sterling, Dollars, Australian Dollars or Euros and either a LIBOR Loan, a Foreign Base Rate Loan or, with respect to Loans denominated in Australian Dollars only, an Australian Bank Xxxx Rate Loan, and including any Foreign Swingline Loan, Foreign Overadvance Loan, Foreign Protective Advance and deemed Loan advanced under Section 2.3.2(a).

  • Any payment of an Australian Bank Xxxx Rate Loan or a LIBOR Loan to a Borrower Group prior to the end of its Interest Period shall be accompanied by all amounts due under Section 3.9. All payments shall be made in the currency of the underlying Obligation.

  • For purposes of calculating amounts payable under this Section, each Lender shall be deemed to have funded an Australian Bank Xxxx Rate Loan or a LIBOR Loan, as applicable, by a matching deposit or other borrowing in the applicable market for a comparable amount and period, whether or not the Loan was in fact so funded.

  • During any Event of Default, Agent may (and shall at the direction of Required Borrower Group Lenders of the Borrower Group that consists of the Australian Borrowers) declare that no Loan may be made, converted or continued as an Australian Bank Xxxx Rate Loan.

  • During any Default or Event of Default, Agent may (and shall at the direction of Required Borrower Group Lenders of the applicable Borrower Group) declare that no Loan may be made or continued as an Australian Bank Xxxx Rate Loan.

  • Interest accrued on the Loans shall be due and payable in arrears, (i) for any Base Rate Loan, on the first day of each month; (ii) for any Australian Bank Xxxx Rate Loan or LIBOR Loan, on the last day of its Interest Period; and (iii) on any date of prepayment, with respect to the principal amount of Loans being prepaid.

  • Any payment of an Australian Bank Xxxx Rate Loan or an Interest Period Loan to a Borrower Group prior to the end of its Interest Period shall be accompanied by all amounts due under Section 3.9. All payments shall be made in the currency of the underlying Obligation.

  • Except for Borrowings to be made as Swingline Loans, Agent shall endeavor to notify the Applicable Lenders of each Notice of Borrowing (or deemed request for a Borrowing) by 1:00 p.m. (Local Time) on the proposed funding date for a Base Rate Loan or by 3:00 p.m. (Local Time) at least three Business Days before a proposed funding of an Australian Bank Xxxx Rate Loan or a LIBOR Loan.

  • Foreign Loan: a Loan made by Foreign Lenders to Foreign Borrowers pursuant to Section 2.1.1(b), which Loan shall be denominated in Sterling, Dollars, Australian Dollars or Euros and either an Interest Period Loan, a Foreign Base Rate Loan or, with respect to Loans denominated in Australian Dollars only, an Australian Bank Xxxx Rate Loan, and including any Foreign Swingline Loan, Foreign Overadvance Loan, Foreign Protective Advance and deemed Loan advanced under Section 2.3.2(a).

  • During any Default or Event of Default, Agent, at the direction of Required Borrower Group Lenders of the applicable Borrower Group, may declare that no Loan may be made or continued as an Australian Bank Xxxx Rate Loan.

Related to Australian Bank Xxxx Rate Loan

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

  • Canadian Prime Rate Loan means a Tranche B Loan denominated in Canadian Dollars that bears interest based on the Canadian Prime Rate.

  • Euro-Dollar Loan means a Committed Loan which bears interest at a Euro-Dollar Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election.

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

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

  • 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.

  • 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.

  • Canadian Prime Rate Loans means any Canadian Dollar Revolving Loan during the period which it bears interest at a rate determined by reference to the Canadian Prime Rate.

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

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

  • Dollar Loan means a Loan denominated in Dollars.

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

  • 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(a)) or any combination of the foregoing.

  • Canadian Loan means a Loan made to a Canadian Borrower denominated in Canadian Dollars.

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

  • Multicurrency Loan means a Loan denominated in Dollars or an Agreed Foreign Currency.

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

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

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

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

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

  • Offshore Currency Loan means any Offshore Rate Loan denominated in an Offshore Currency.

  • Bid Rate Loan means a loan made by a Lender under Section 2.2.