Bid Rate Loan definition

Bid Rate Loan means a loan made by a Lender under Section 2.2.(f).
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Bid Rate Loan has the meaning specified in Section 2.01(c).
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Bid Rate Loan means a loan made by a Lender under Section 2.2.
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Examples of Bid Rate Loan in a sentence

  • 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.

  • Any Revolving Lender whose offer to make any Bid Rate Loan has been accepted shall, not later than 12:30 p.m. Pacific time on the date specified for the making of such Loan, make the amount of such Loan available to the Administrative Agent at its Principal Office in immediately available funds, for the account of the Borrower.

  • Each partial assignment shall be made as an assignment of a proportionate part of all the assigning Lender’s rights and obligations under this Agreement with respect to the Loan or the Commitment assigned, except that this clause (ii) shall not apply to rights in respect of a Bid Rate Loan and shall not prohibit any Lender from assigning all or a portion of its rights and obligations among separate Classes of Commitments or Loans on a non pro-rata basis.


More Definitions of Bid Rate Loan

Bid Rate Loan means a Bid Rate (Indexed) Loan or a Bid Rate (General) Loan.
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Bid Rate Loan means a loan made by a Lender under Section 2.3.(f).
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Bid Rate Loan means a loan by a Syndicated Global Lender to a Global Borrower as part of a Bid Rate Advance resulting from the applicable auction bidding procedure described in Section 2.10.
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Bid Rate Loan shall have the meaning set forth in Section 3.1.
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Bid Rate Loan means a Borrowing made up of Advances by all of those Lenders whose Bid Rate Bids have been accepted by Intermet pursuant to the same Bid Request under the bidding procedure described in Section 2.08 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).
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Bid Rate Loan means a Disbursement by any Lender pursuant to Section 2.2.
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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).
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