CD Advance definition
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.
Brevard Schools and the Foundation agree to obtain all other necessary internal and third-party approvals or consents, including any other governmental entity, to enter this Agreement and perform their respective obligations hereunder.
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.
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.
The unpaid principal of each CD Advance 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 Adjusted CD Rate for the Interest Period in effect on such date plus (ii) the Applicable Margin in effect on the date of such Borrowing plus (iii) the sum of the CD Reserve Requirement and the Assessment Rate in effect on date of such Borrowing.
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 LIBOR Advance and CD Advance on the last Business Day of the applicable Interest Period.
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.