BSBY Daily Floating Rate Loan definition

BSBY Daily Floating Rate Loan means a Loan that bears interest at a rate based on the BSBY Daily Floating Rate.
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BSBY Daily Floating Rate Loan. “BSBY Fixed Rate Loan”, “BSBY Rate”, “BSBY Rate Loan”, “BSBY Screen Rate”, “Change of Control”, “Pre-Adjustment Successor Rate”, “Related Adjustment” and “Relevant Governmental Body” are hereby deleted from Section 1.01 of the Credit Agreement.
Sample 1
BSBY Daily Floating Rate Loan means a Revolving Loan that bears interest at a rate based on clause (a) of the definition of “BSBY Rate”; “BSBY Fixed Rate Loan” means a Revolving Loan that bears interest at a rate based on clause (b) of the definition of “BSBY Rate”. “BSBY Rate” means: (a) for any interest calculation with respect to a BSBY Daily Floating Rate Loan on any date, a fluctuating rate of interest, which can change on each Business Day, equal to the BSBY Screen Rate, two (2) Business Days prior to such day, for Dollar deposits with a term
Sample 1

Related to BSBY Daily Floating Rate Loan

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

  • Floating Rate Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the Floating Rate.

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

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

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

  • Prime Rate Loan means any Term Loan bearing interest at a rate determined by reference to the Prime Rate in accordance with the provisions of Article II.

  • Eurocurrency Rate Advance means a Revolving Credit Advance or a Term Loan Advance denominated in Dollars or in an Agreed Currency which bears interest as provided in Section 2.07(b) or a Local Currency Advance which bears interest as provided in Section 2.07(b) and the Local Currency Addendum.

  • 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.

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

  • Canadian Base Rate Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the Canadian Base Rate in accordance with the provisions of Article II.

  • Alternative Currency Daily Rate Loan means a 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.

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

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

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