Examples of Bid Rate Loan in a sentence

Subject to Section 4.4, the Borrower may prepay any Loan (other than a Bid Rate Loan) at any time without premium or penalty.
A Revolving Lender who is notified that it has been selected to make a Bid Rate Loan may designate its Designated Lender (if any) to fund such Bid Rate Loan on its behalf, as described in Section 12.5(d).
A Bid Rate Loan may only be prepaid with the prior written consent of the Lender holding such Bid Rate Loan.
Any Designated Lender which funds a Bid Rate Loan shall on and after the time of such funding become the obligee in respect of such Bid Rate Loan and be entitled to receive payment thereof when due.
Except for the purpose and to the extent expressly stated in Section 2.13 and 2.16, the amount of any Bid Rate Loan made by any Revolving Lender shall not constitute a utilization of such Revolving Lender’s Revolving Commitment.

More Definitions of Bid Rate Loan

Bid Rate Loan means a Bid Rate (Indexed) Loan or a Bid Rate (General) Loan.

Bid Rate Loan shall have the meaning set forth in Section 3.1.

Bid Rate Loan means a loan made by a Lender under Section 2.2.(b).

Bid Rate Loan means a Borrowing made up of Advances by all of those Lenders whose Bid Rate Bids have been accepted by Borrower pursuant to the same Bid Request under the bidding procedure described in Section 2.07 for the same Interest Period and interest rate (with the understanding that two Bid Rate Loans may be made pursuant to a single Bid Request).

Bid Rate Loan means a Disbursement by any Lender pursuant to Section 2.2.

Bid Rate Loan means a loan by a Lender to the Borrower as part of a Bid Rate Advance resulting from the applicable auction bidding procedure described in SECTION 2.10.

Bid Rate Loan means an Advance the interest rate on which is determined by agreement between Company and Lender making such Advance pursuant to Section 2.1(b).