Bid Rate Loans definition

Bid Rate Loans means Loans made by Lenders to Company pursuant to subsection 2.9.

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Bid Rate Loans has the meaning specified in Section 2.01(c).

Bid Rate Loans. With respect to Bid Rate Loans: (A) The applicable Borrower shall give the Agent a request for Bid Rate Loans no later than 1:00 p.m. on the Business Day prior to the Bid Rate Loan Date. (B) Each such request shall be submitted substantially in the form of Schedule 1.02

Examples of Bid Rate Loans in a sentence

Any Bank (other than an Affected Bank or a Bank which is such solely because it is a Designated Lender) (each, a “Designating Lender”) may at any time designate one (1) Designated Lender to fund Bid Rate Loans on behalf of such Designating Lender subject to the terms of this Section and the provisions in Section 12.04 shall not apply to such designation.
Additional restrictions on the amounts and timing of, and conditions to the making of, advances of Bid Rate Loans are set forth in Section 2.02.
Interest on Base Rate Loans, SOFR Loans and Bid Rate Loans shall not exceed the maximum amount permitted under Applicable Law.
Borrower shall have the right to prepay Bid Rate Loans only if so provided in the Bid Rate Loan Request, and otherwise with the consent of the Bank or the Designated Lender that funded the Bid Rate Loan that Borrower desires to prepay.
Bid Rate Loans ....................................................................................................
Not later than 11:30 a.m. (New York time) on the date of each advance, each Bank (in the case of Loans (other than Bid Rate Loans)) or the applicable Banks (in the case of Bid Rate Loans) shall, through its Applicable Lending Office and subject to the conditions of this Agreement, make the amount to be advanced by it on such day available to Administrative Agent, at Administrative Agent’s Office and in immediately available funds for the account of Borrower.
Revolving Loans; Bid Rate Loans; Term Loans .................................................

More Definitions of Bid Rate Loans

Bid Rate Loans means one or more of the Fixed Rate Bid Loans or the Reference Rate Bid Loans made under the auction bidding procedure described in subsection 2.2, or a combination thereof.

Bid Rate Loans has the meaning specified in Section 2.01(c). “Bid Rate Quote” means an offer by a Bank to make a Bid Rate Loan in accordance with Section 2.02. “Bid Rate Quote Request” has the meaning specified in Section 2.02(a). “Borrower” has the meaning specified in the preamble. “Capitalization Rate” means 6.25%. “Capitalization Value” means, at any time, the sum (without duplication) of the Borrower’s Ownership Share of (a) with respect to Properties of the Borrower and its Subsidiaries, individually determined and aggregated, NOI (excluding NOI attributable to Properties the value of which is to be included in Capitalization Value under the immediately following clause (b)) of each such Property for the four fiscal quarter period most recently ended, capitalized at the Capitalization Rate; (b) the GAAP book value of (i) all Properties of the Borrower and its Subsidiaries acquired during the four fiscal quarters most recently ended and (ii) all Transition Properties (except, in the case of either clause (i) or (ii), any such Property (or, solely in the case of clause (ii) above, any portion of such Property) which the Borrower has elected in a written notice to the Administrative Agent be included in determinations of Capitalization Value under the immediately preceding clause (a)); (c) all Unrestricted Cash and Cash Equivalents of the

Bid Rate Loans shall have the meaning set forth in Section 2.1(b) -------------- -------------- below."

Bid Rate Loans. Interest at a fixed rate shall be determined pursuant to a competitive bid Facility. Fixed rate maturities of 1-180 days may be requested.

Bid Rate Loans. Loans (or any portion thereof) at such time as they (or such portions) are made or are being maintained pursuant to paragraph 2.3(b).