CBR Advance definition

CBR Advance means an Advance which bears interest at the CBR Rate.
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CBR Advance means an Advance which bears interest at the CBR Rate. "CBR Applicable Margin" means, as of any date, the Applicable Margin in
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CBR Advance means an Advance that bears interest at a rate determined by reference to the Central Bank Rate.
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Examples of CBR Advance in a sentence

  • Changes in the rate of interest on that portion of any Advance maintained as a CBR Advance will take effect simultaneously with each change in the Corporate Base Rate.

  • Interest accrued on each CBR Advance shall be payable on each Payment Date, commencing with the first such date to occur after the date hereof, and at maturity.

  • Each LIBOR Advance shall continue as a LIBOR Advance until the end of the then applicable Interest Period therefor, at which time such LIBOR Advance shall be automatically converted into a CBR Advance unless the Borrower shall have given the Agent a Conversion/Continuation Notice requesting that, at the end of such Interest Period, such LIBOR Advance continue as an LIBOR Advance for the same or another Interest Period.

  • Each LIBOR Advance shall be in the minimum amount of $2,000,000 (and in multiples of $100,000 if in excess thereof), and each CBR Advance shall be in the minimum amount of $1,000,000 (and in multiples of $100,000 if in excess thereof), provided, however, that any CBR Advance may be in the amount of the unused Aggregate Commitment.

  • Each LIBOR Advance shall continue as a LIBOR Advance until the end of the then applicable LIBOR Interest Period therefor, at which time such LIBOR Advance shall be automatically converted into a CBR Advance unless the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice requesting that, at the end of such LIBOR Interest Period, such LIBOR Advance shall continue as a LIBOR Advance for the same or another LIBOR Interest Period.

  • Each CBR Advance shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Advance is made or is converted from a LIBOR Advance into a CBR Advance pursuant to SECTION 2.10 to but excluding the date it is paid or is converted into a LIBOR Advance pursuant to SECTION 2.10 hereof, at a rate per annum equal to the CBR Rate for such day.

  • Each CBR Advance shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Advance is made or is converted from a LIBOR Advance into a CBR Advance pursuant to Section 2.10 to but excluding the date it becomes due or is converted into a LIBOR Advance pursuant to Section 2.10 hereof, at a rate per annum equal to the CBR Rate for such day.

  • Each CBR Advance or part thereof shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Advance is made or is converted from a LIBOR Advance into a CBR Advance pursuant to Section 2.12 to but excluding the date it becomes due or is converted into a LIBOR Advance pursuant to Section 2.12 hereof, at a rate per annum equal to the CBR Rate for such day.

  • Promptly after receipt thereof (but in no event later than noon (Chicago time) one Business Day prior to the proposed Borrowing Date for a CBR Advance or the close of business three Business Days prior to the proposed Borrowing Date for a LIBOR Advance) the Administrative Agent will notify each Lender of the contents of each Borrowing Notice, Conversion/Continuation Notice, and repayment notice received by it hereunder.

  • Each LIBOR Advance shall be in the minimum amount of $1,000,000 (and in multiples of $250,000 if in excess thereof), and each CBR Advance shall be in the minimum amount of $1,000,000 (and in multiples of $250,000 if in excess thereof), provided, however, that any CBR Advance may be in the amount of the unused Aggregate Commitment.


More Definitions of CBR Advance

CBR Advance any Advance bearing interest at the Revolver Adjusted CBR or the Term Loan Adjusted CBR.
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Related to CBR Advance

  • ABR Advance means an Advance which bears interest at the ABR Rate.

  • SOFR Advance means any Loan which, except as otherwise provided in Section 2.10, bears interest at a rate based on Adjusted Term SOFR (other than a Floating Rate Advance as to which the interest rate is determined with reference to Adjusted Term SOFR or a SOFR Market Index Rate Advance).

  • LIBOR Advance means an Advance bearing interest at a rate based upon the LIBOR Rate.

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

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

  • Term SOFR Advance means an Advance that bears interest at a rate based on clause (a) of the definition of Term SOFR.

  • Fixed Rate Advance means an Advance which bears interest at a Fixed Rate.

  • LIBOR Rate Advance means an Advance which bears interest at a LIBOR Rate.

  • L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.

  • Base Rate Advance means an Advance that bears interest as provided in Section 2.06(a)(i).

  • Term Advance has the meaning specified in Section 2.01(a).

  • Committed Advance means an advance made by a Lender to a Borrower as part of a Committed Borrowing and refers to a Base Rate Advance or a Eurodollar Rate Committed Advance, each of which is a “Type” of Committed Advance.

  • Eurocurrency Advance means an Advance which, except as otherwise provided in Section 2.12, bears interest at the applicable Eurocurrency Rate.

  • LIBO Rate Advance means a Pro Rata Advance that bears interest as provided in Section 2.04(a)(ii).

  • Revolving Advance has the meaning given in Section 2.1.

  • Eurodollar Rate Advance means an Advance that bears interest as provided in Section 2.06(a)(ii).

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

  • Unpaid Advance has the meaning assigned to such term in Section 2.05.

  • Reference Rate Advance means an Advance which bears interest as provided in Section 2.09(a).

  • Loan Advance The meaning specified in Section 2.2(a).

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

  • Eurocurrency Rate Advance means a Revolving Credit Advance denominated in Dollars or a Committed Currency that bears interest as provided in Section 2.07(a)(ii).

  • Alternate Base Rate Advance means an Advance which bears interest at the Alternate Base Rate.

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

  • PMI Advance As defined in the related Servicing Agreement, if applicable.

  • Tranche A Advance has the meaning specified in Section 2.01(a).