CD Rate Advance definition

CD Rate Advance means a Revolving Credit Advance that bears interest as provided in Section 2.07(a)(iii).

CD Rate Advance means an Advance which the Borrower requests to be --------------- made as a CD Rate Advance or which is reborrowed as a CD Rate Advance, in accordance with the provisions of Section 2.2 hereof, and which shall be in a principal amount of at least $1,000,000.00 and in an integral multiple of $100,000.00.

CD Rate Advance means any Advance denominated in Dollars upon which interest will accrue based on the CD Rate.

Examples of CD Rate Advance in a sentence

• The Borrower shall give the Administrative Agent notice (a "Committed Borrowing Notice") not later than 10:00 a.m. (Chicago time) on the Borrowing Date of each Floating Rate Advance, two Business Days before the Borrowing Date of each Fixed CD Rate Advance, three Business Days before the Borrowing Date for each Eurocurrency Committed Advance denominated in Dollars and five Business Days before the Borrowing Date for each Eurocurrency Committed Advance denominated in an Alternative Currency.

• The Borrower shall give the Administrative Agent irrevocable notice (a "Ratable Borrowing Notice') not later than 10:00 a.m. (Chicago time) (or 10:15 a.m. (Chicago time) if applicable under the next succeeding sentence), (x) on the Borrowing Date of each Floating Rate Advance, (y) at least one Business Day prior to the Borrowing Date of each Fixed CD Rate Advance and (z) at least three Business Days prior to the Borrowing Date of each Eurodollar Ratable Advance.

• In the case of any such prepayment of an Adjusted CD Rate Advance, Eurodollar Rate Advance or a B Advance, the Borrower shall be obligated to reimburse the Lender(s) in respect thereof pursuant to Section 8.04(b).

• The "Assessment Rate" for the Interest Period for each Adjusted CD Rate Advance comprising part of the same A Borrowing means the annual assessment rate estimated by the Agent on the first day of such Interest Period for determining the then current annual assessment payable by the Agent to the Federal Deposit Insurance Corporation (or any successor) for insuring U.S. dollar deposits of the Agent in the United States.

• The Borrower shall give the Administrative Agent irrevocable notice (a “Ratable Borrowing Notice”) not later than 11:00 a.m. (New York time) (or 11:15 a.m. (New York time) if applicable under the next succeeding sentence), (x) on the Borrowing Date of each Floating Rate Advance, (y) at least one Business Day prior to the Borrowing Date of each Fixed CD Rate Advance and (z) at least three Business Days prior to the Borrowing Date of each Eurodollar Ratable Advance.

More Definitions of CD Rate Advance

CD Rate Advance. An Advance with respect to which the interest rate is determined by reference to the Adjusted CD Rate.

CD Rate Advance means an Advance made or out- standing as a portion of the Term Loans, bearing interest based on the Fixed CD Rate as provided in Section 3.03(a)(ii).

CD Rate Advance means a Loan Advance or Lease Advance which bears interest or rent, respectively, at the CD Rate.

CD Rate Advance outstanding under the Existing Credit Agreement shall become a Reference Rate Advance, a Floating Eurodollar Rate Advance, a Fixed Eurodollar Rate Advance or a CD Rate Advance, respectively, hereunder (and, with respect to Fixed Eurodollar Rate Advances and CD Rate Advances, the "Interest Periods" in effect under the Existing Credit Agreement shall remain in effect). On the terms and subject to the conditions hereof, the Bank agrees to make a revolving credit facility available as loans (each, a "Revolving Loan" and, collectively, the "Revolving Loans") to the Borrower on a revolving basis at any time and from time to time from the Closing Date to the Termination Date, during which period the Borrower may borrow, repay and reborrow in accordance with the provisions hereof, provided, that no Revolving Loan will be made in any amount which, after giving effect thereto, would cause the Total Outstandings to exceed the Commitment Amount. Revolving Loans may be obtained and maintained, at the election of the Borrower but subject to the limitations hereof, as Reference Rate Advances, Floating Eurodollar Rate Advances, Fixed Eurodollar Rate Advances or CD Rate Advances.

CD Rate Advance means an Advance in respect of which the Account Party has selected in accordance with Article III hereof, and this Agreement provides for, interest to be computed on the basis of the CD Rate.

CD Rate Advance. An Advance designated as such in a notice of borrowing under Section 2.2(f)(iii) or a notice of continuation or conversion under Section 2.2(f)(iv).

CD Rate Advance. Eurodollar Advance", or "Reference Rate Advance" (each, a "type" of Advance).