CD Loan definition

CD Loan means (i) a Committed Loan which bears interest at a CD Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election or (ii) an overdue amount which was a CD Loan immediately before it became overdue.

CD Loan means a Committed Loan to be made by a Bank as a CD Loan in accordance with the applicable Notice of Committed Borrowing.

CD Loan means a Committed Loan which bears interest at a CD Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election.

Examples of CD Loan in a sentence

• For any Euro-Dollar Loan, one, two, three or six months, and for any CD Loan, 30, 60, 90 or 180 days.

• If the Company shall fail to notify the Bank in the manner provided in this Section 2.2(d) of a conversion or continuation of a CD Loan or LIBOR Loan prior to the last day of the then applicable Interest Period, such CD Loan or LIBOR Loan shall automatically be converted on such day into a Reference Loan of equal principal amount.

• Any overdue principal of or interest on any CD Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the higher of (i) the sum of the Applicable Margin for such day plus the Adjusted CD Rate applicable to such Loan and (ii) the rate applicable to Base Rate Loans for such day.

• The Interest Rate in respect of each Term Loan that is a CD Loan during its related CD Interest Period shall be the CD Rate for such CD Interest Period plus, (x) from the Termination Date to and including the last day before the second anniversary of the Termination Date, seven-tenths of one percent (0.70%), and (y) from the second anniversary of the Termination Date to and including the Final Maturity Date, thirty-three-fortieths of one percent (0.825%).

• For each Revolving Loan that is a CD Loan, the Interest Rate in respect of each CD Loan during its related CD Interest Period shall be the CD Rate for such CD Interest Period plus nine-twentieths of one percent (0.45%).

More Definitions of CD Loan

CD Loan means a Loan which the Borrower specifies pursuant to Section 2.2 hereof shall be a CD Loan.

CD Loan means a Loan for which the rate of interest is determined by reference to the CD Rate;

CD Loan means a Syndicated Loan to be made as a CD Loan ------- pursuant to Section 2.03 and the applicable Notice of Borrowing.

CD Loan means any Standard Loan bearing interest at a rate determined by reference to the Adjusted CD Rate in accordance with the provisions of Article II.

CD Loan means any Standby Loan bearing interest at a rate determined by reference to the Adjusted CD Rate in accordance with the provisions of Article II.

CD Loan means a Committed Loan to be made by a Bank as a CD Loan in accordance with the applicable Notice of Committed Borrowing and, if applicable, means each Segment of the Term Loan with respect to which the Borrower has selected an interest rate to be determined as for a CD Loan in accordance with the applicable Notice of Term Loan Interest Rate Selection.

CD Loan means any Loan bearing interest at a rate determined by reference to the Adjusted CD Rate in accordance with the provisions of Article II.