BSBY Rate Advance means any Advance which bears interest at the BSBY Rate or, if applicable, the Successor Rate.
BSBY Rate Advance means an advance of the Loan by Lenders to Borrower or any portion of the Loan held by a Lender which bears interest at an applicable BSBY Rate at the time in question.
BSBY Rate Advance means an advance of the Loan by Lenders to Borrower or any portion of the Loan held by a Lender which bears interest at an applicable BSBY Rate at the time in question. “BSBY Rate Principal” means any portion of the Principal Debt which bears interest at an applicable BSBY Rate at the time in question. “BSBY Replacement Date” has the meaning specified in Section 2.4. “BSBY Screen Rate” means BSBY as administered by Bloomberg (or any successor administrator satisfactory to Administrative Agent) and published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by Administrative Agent from time to time). “Budget” has the meaning set forth in Section 4.9(c). “Business Day” means any day other than a Saturday, Sunday or other day on which commercial banks are authorized to close under the Laws of, or are in fact closed in, the state where Administrative Agent’s Office is located and, if such day relates to any BSBY Rate Advance or BSBY Rate Principal, in New York City. “Business Plan” has the meaning set forth in Section 8.10(c). “Calculation Period” means the three (3) month period ending on the applicable Determination Date. “Casualty” means any act or occurrence of any kind or nature that results in damage, loss or destruction to the Property. “Change in Law” means the occurrence, after the Closing Date, of any of the following: (a) the adoption or taking effect of any Law, (b) any change in any Law or in the administration, interpretation, implementation or application thereof by any Governmental Authority, or (c) the making or issuance of any request, rule, guideline, or directive (whether or not having the force of Law) by any Governmental Authority; provided that notwithstanding anything herein to the contrary, (x) the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith or in the implementation thereof and (y) all requests, rules, guidelines, or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority), or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a “Change in Law”, regardless of the date enacted, adopted, or issued. “Checking Account” means account no. ending in XXXX of Administrative Borrower maintained w...
Examples of BSBY Rate Advance in a sentence
For the avoidance of doubt, (a) from and after the date hereof, no Revolving Advance may be made, renewed, extended, continued or converted as a BSBY Rate Advance and (b) unless otherwise indicated or defined in this Amendment, each capitalized term in this Section 6 shall have the meaning ascribed to such term in the Loan Agreement.
Lender determines that the applicable Benchmark for any requested Interest Period with respect to a proposed BSBY Rate Advance will not adequately and fairly reflect the cost to Lender of funding or maintaining the Benchmark Rate Advances included in such Revolving Advance for such Interest Period, then Xxxxxx will promptly so notify Borrower.