CD Advance definition

CD Advance means any principal amount of a Note with respect to which the interest rate is calculated by reference to the Adjusted CD Rate for a particular Interest Period.
Sample 1
CD Advance means an Advance which bears interest at the CD Rate. 3 "CD Rate" means the rate of interest payable on a CD Advance, determined in accordance with Section 2.2.1(iii) hereof.
Sample 1
CD Advance. , "CD Base Rate", "CD Loan", "CD Rate", and "CD Reserve Percentage".
Sample 1

Examples of CD Advance in a sentence

  • Interest on the unpaid principal amount of each Eurodollar Advance and CD Advance under the Notes shall be payable on the last day of each Interest Period applicable to such Advance or, if such Interest Period is longer than three months for any Eurodollar Advance, at intervals of three months after the first day thereof, or if such Interest Period is longer than 90 days for any CD Advance, at intervals of 90 days after the first day thereof.

  • If Borrower shall fail to give Lender the notice as specified above for Continuation or Conversion of a CD Advance prior to the end of the Interest Period with respect thereto, such CD Advance shall automatically be Converted into a Prime Rate Advance on the last day of the Interest Period for such CD Advance.

  • The unpaid principal balance of each CD Advance ---------- (inclusive of any rollover of or conversion to a CD Borrowing) shall bear interest from the date of advance until paid at a rate per annum which shall from day to day be equal to the lesser of (a) the Maximum Rate or (b) the sum of (i) the FDIC Percentage in effect on such date plus (ii) the Adjusted CD Rate for Interest Period in effect plus (iii) the Applicable Margin.

  • The Borrower shall pay the entire outstanding principal balance relative to each Prime Advance on the Revolving Maturity Date or such earlier date upon which the Borrower desires to convert a Prime Advance to a LIBOR Advance or a CD Advance.

  • First Amended and Restated Credit Agreement 8 "Adjusted CD Rate" means, for any CD Advance for any Interest Period therefor, the rate per annum (rounded upwards, if necessary, to the nearest 1/16 of 1%) determined by Lender to be equal to the sum of (a) the CD Rate for such CD Advance for such Interest Period divided by I minus the Reserve Requirement for such CD Advance for such Interest Period plus (b) the Assessment Rate in effect at the commencement of such Interest Period.

  • At least two (2) Eurodollar Business Days prior to the termination of each Interest Period with respect to a Eurodollar Borrowing and at least one (1) Business Day prior to the termination of each Interest Period with respect to a CD Advance, (unless such termination occurs on the Termination Date) Borrower shall give Agent written notice (the "Rollover Notice") of the interest option which shall be applicable to such Borrowing upon the expiration of such Interest Period.

  • The Borrower shall pay the entire outstanding principal balance relative to each LIBOR Advance and CD Advance on the last Business Day of the applicable Interest Period.

  • Each CD Advance shall be in a minimum principal amount of One Hundred Thousand Dollars ($100,000.00) or an integral multiple thereof and each Prime Rate Advance shall be in a minimum principal amount of Fifty Thousand Dollars ($50,000.00).

  • Interest on the unpaid principal amount of each Eurodollar Advance and CD Advance under each Committed Note shall be due and payable on the last day of the applicable Interest Period.

  • Borrower shall give Lender notice by means of an Advance Request Form of each requested Advance, at least three (3) Business Days before the requested date of each CD Advance and by 12:00 p.m. (Dallas, Texas time) on the requested date of each Prime Rate Advance specifying: (a) the requested date of such Advance (which shall be a Business Day), (b) the amount of such Advance, (c) the Type of the Advance and (d) in the case of a CD Advance, the duration of the Interest Period for such Advance.


More Definitions of CD Advance

CD Advance means portions of the outstanding principal balance of the Loan bearing interest at either the Basic CD Rate or the Preferred CD Rate.
Sample 1
CD Advance means an Advance which bears interest at the CD Rate.
Sample 1

Related to CD Advance

  • 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.

  • 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.

  • Revolving Advance has the meaning given in Section 2.1.

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

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

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

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

  • Permitted Advance means an advance of funds by the Assuming Bank with respect to a Shared-Loss Loan, or the making of a legally binding commitment by the Assuming Bank to advance funds with respect to a Shared-Loss Loan, that (i) in the case of such an advance, is actually made, and, in the case of such a commitment, is made and all of the proceeds thereof actually advanced, within one (1) year after the Commencement Date, (ii) does not cause the sum of (A) the book value of such Shared-Loss Loan as reflected on the Accounting Records of the Assuming Bank after any such advance has been made by the Assuming Bank plus (B) the unfunded amount of any such commitment made by the Assuming Bank related thereto, to exceed 110% of the Book Value of such Shared-Loss Loan, (iii) is not made with respect to a Shared-Loss Loan with respect to which (A) there exists a related Shared-Loss Loan Commitment or (B) the Assuming Bank has taken a Charge-Off and (iv) is made in good faith, is supported at the time it is made by documentation in the Credit Files and conforms to and is in accordance with the applicable requirements set forth in Article III of this Commercial Shared- Loss Agreement and with the then effective written internal credit policy guidelines of the Assuming Bank; provided, that the limitations in subparagraphs (i), (ii) and (iii) of this definition shall not apply to any such action (other than to an advance or commitment related to the remediation, storage or final disposal of any hazardous or toxic substance, pollutant or contaminant) that is taken by Assuming Bank in its reasonable discretion to preserve or secure the value of the collateral for such Shared-Loss Loan.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Periodic Advance The aggregate of the advances required to be made by a Servicer on any Distribution Date pursuant to its Servicing Agreement or by the Master Servicer or the Trustee hereunder, the amount of any such advances being equal to the total of all Monthly Payments (adjusted, in each case (i) in respect of interest, to the applicable Mortgage Interest Rate less the applicable Servicing Fee in the case of Periodic Advances made by a Servicer and to the applicable Net Mortgage Interest Rate in the case of Periodic Advances made by the Master Servicer or Trustee and (ii) by the amount of any related Debt Service Reductions or reductions in the amount of interest collectable from the Mortgagor pursuant to the Soldiers' and Sailors' Civil Relief Act of 1940, as amended, or similar legislation or regulations then in effect) on the Mortgage Loans, that (x) were delinquent as of the close of business on the related Determination Date, (y) were not the subject of a previous Periodic Advance by such Servicer or of a Periodic Advance by the Master Servicer or the Trustee, as the case may be and (z) have not been determined by the Master Servicer, such Servicer or Trustee to be Nonrecoverable Advances.

  • Term SOFR Advance means an Advance denominated in Dollars which, except as otherwise provided in Section 2.11, bears interest at the Adjusted Term SOFR Rate.

  • Swingline Advance means an advance made by the Swingline Lender, if any, to the Borrower pursuant to Section 2.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

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

  • Agent Advance shall have the meaning provided in Section 2.01(e).

  • Final Advance means an Advance made pursuant to Section 2.02(d).

  • Eligible advance means an advance made before August 19, 1993.

  • Future Advance means an Advance made after the Initial Closing Date.

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • Equipment Advance is defined in Section 2.1.1.

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

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

  • Additional Advance means each additional loan that is made under an RBC Homeline Plan after the initial advance, including any new or additional advances, increases to principal, or further borrowings or extensions of the term, including in the case of any fluctuating account or accounts, revolving loans, or lines of credit, additional segments of such facilities made after the initial advance. They are referred to collectively as Additional Advances.

  • Term SOFR Rate Loan means a Loan made hereunder with respect to which the interest rate is calculated by reference to Term SOFR (other than a Loan for which clause (c) of the definition of Base Rate is used to determine Base Rate).

  • Base Rate Advance means an Advance that bears interest as provided in Section 2.07(a)(i).