BSBY Rate Loan definition

BSBY Rate Loan means a Loan that bears interest at a rate based on clause (a) of the definition of BSBY Rate.

BSBY Rate Loan means an Advance that bears interest based on BSBY Rate.

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

Examples of BSBY Rate Loan in a sentence

• Except as otherwise provided herein, a BSBY Rate Loan may be continued or converted only on the last day of an Interest Period for such BSBY Rate Loan.

• Any prepayment of a BSBY Rate Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05.

• In the event the Borrower requests the making of, or the conversion to or continuation of, any BSBY Rate Loan but fails to specify in the applicable Funding Notice or Conversion/Continuation Notice the Interest Period to be applicable thereto, the Borrower shall be deemed to have specified an Interest Period of one month.

• Except as otherwise provided herein, a Conversion/Continuation Notice for a conversion to, or a continuation of, any BSBY Rate Loan shall be irrevocable on and after the related Interest Rate Determination Date, and the Borrower shall be bound to effect a conversion or continuation in accordance therewith; any failure to effect such conversion or continuation in accordance therewith shall be subject to Section 2.18(c).

• Following delivery of a Funding Notice for a BSBY Rate Loan, any failure to make such Borrowing shall be subject to Section 2.18(c).

More Definitions of BSBY Rate Loan

BSBY Rate Loan means a Revolving Loan, a Term Loan or an Incremental Team Loan that bears interest at a rate based on clause (a) of the definition of BSBY Rate.

BSBY Rate Loan means a Revolving Loan or a Term Loan that bears interest at a rate based on clause (a) of the definition of BSBY Rate. “BSBY Screen Rate” means the Bloomberg Short-Term Bank Yield Index rate administered by Bloomberg and published on the applicableReuters screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time).

BSBY Rate Loan means a Revolving Loan that bears interest at a rate based on clause (a) of the definition of “BSBY Rate.” “BSBY Replacement Date” has the meaning specified in Section 3.03(b). “BSBY Screen Rate” means the Bloomberg Short-Term Bank Yield Index rate administered by Bloomberg and published on the applicable Reuters screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time). “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 the Administrative Agent’s Office is located and, if such day relates to any BSBY Rate Loan, in New York City. “Capitalized Lease” means any lease that has been or is required to be, in accordance with GAAP, recorded, classified and accounted for as a capitalized lease or finance lease. “Cash Collateralize” means, to pledge and deposit with or deliver to the Administrative Agent, for the benefit of the L/C Issuer or the Swingline Lender (as applicable) or the Lenders, as collateral for L/C Obligations, Obligations in respect of Swingline Loans, or obligations of the Lenders to fund participations in respect of L/C Obligations or Swingline Loans (as the context may require), (a) cash or deposit account balances, (b) backstop letters of credit entered into on terms, from issuers and in amounts satisfactory to the Administrative Agent and the L/C Issuer, and/or (c) if the Administrative Agent and the L/C Issuer or the Swingline Lender shall agree, in their sole discretion, other credit support, in each case, in Dollars and pursuant to documentation in form and substance satisfactory to the Administrative Agent and the L/C Issuer or the Swingline Lender (as applicable). “Cash Collateral” shall have a meaning correlative to the foregoing and shall include the proceeds of such cash collateral and other credit support.

BSBY Rate Loan means each Loan bearing interest based on the BSBY Rate. “BSBY Replacement Date” has the meaning set forth in Section 3.3(b)(vi).

BSBY Rate Loan means a Loan that bears interest based on the BSBY Rate. BSBY Rate Option means the option of the Borrowers to have Loans bear interest at the rate and under the terms specified in Section 5.1.1(i)(A) [Revolving Credit BSBY Rate Option] or Section 5.1.3(i)(A) [Term Loan BSBY Rate Option], as applicable. BSBY Reserve Percentage means, as of any day, the maximum effective percentage in effect on such day, if any, as prescribed by the Board of Governors of the Federal Reserve System (or any successor) for determining the reserve requirements (including, without limitation, supplemental, marginal and emergency reserve requirements) with respect to BSBY Screen Rate funding. BSBY Screen Rate means the Bloomberg Short-Term Bank Yield Index rate administered by Bloomberg and published by Bloomberg (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time).

BSBY Rate Loan means a Loan that bears interest at a rate based on clause (a) of the definition of BSBY Rate. “BSBY Screen Rate” means the Bloomberg Short-Term Bank Yield Index rate administered by Bloomberg (or any successor administrator satisfactory to the Administrative Agent) and published on the applicable Reuters screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time). “Business” has the meaning specified in Section 6.09. “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 the

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.