CD Rate Loan definition

CD Rate Loan means a Loan that bears interest based on the CD Rate.

CD Rate Loan means a Loan bearing interest at any time under the CD Rate Option.

CD Rate Loan means any Loan bearing interest at a rate based upon the Adjusted CD Rate as provided in Section 4.1(a).

Examples of CD Rate Loan in a sentence

• The Company, on behalf of the Borrowers, shall select the rate of interest and Interest Period, if any, applicable to any Loan at the time a Notice of Borrowing is given or at the time a Notice of Conversion/Continuation is given pursuant to Section 4.2. Any Loan or any portion thereof as to which the Company has not duly specified an interest rate as provided herein shall be deemed a CD Rate Loan.

• The Company may not prepay any Eurodollar Loan, CD Rate Loan or Bid Loan.

• The Borrower may select for any CD Rate Loan or Eurodollar Rate Loan the Interest Period (as defined in the next sentence) for each Borrowing, it being understood that the Borrower may request multiple Borrowings on the same day and may select a different Interest Period for each such Borrowing.

• Such Notice is to be received by the Bank no later than 10:00 a.m., Pacific time, on the proposed date of the Loan and/or commencement date of the Interest Period; except that Notice of Election to borrow or convert to (i) a LIBOR Loan shall be received no later than 10:00 a.m. (Pacific time) three Business Days prior to the proposed date of the Loan or conversion or, (ii) a C/D Rate Loan shall be received by the Bank no later than two Business Days prior to the proposed date of the Loan or conversion.

• Each Notice of Election shall specify the amount (and how much of said amount is a conversion of an outstanding Loan) and date of the Loan, Interest Rate Option, and, in the case of a requested C/D Rate Loan, or LIBOR Loan the Interest Period, and in the case of a Negotiated Rate Loan for which a bid is being accepted the Interest Period and the Interest Payment Date(s).

More Definitions of CD Rate Loan

CD Rate Loan. A Revolving Loan or Term Loan that bears interest based on the CD Rate.

CD Rate Loan means a Loan bearing interest, at all times during an ------------ Interest Period applicable to such Loan, at a fixed rate determined by reference to the CD Rate (Reserve Adjusted).

CD Rate Loan means a Revolving Loan that bears interest based on the CD Rate.

CD Rate Loan means each Loan which bears interest based on the CD Rate.

CD Rate Loan means any Loan which bears interest at ------------ the CD Rate. "CD Rate Reserve Percentage" for any Rate Period for any CD -------------------------- Rate Loan shall mean the reserve percentage applicable on the first day of the applicable Rate Period under regulations issued from time to time by the Board of Governors of the Federal Reserve System (or any successor) for determining the maximum reserve requirement (including, but not limited to, any emergency, supplemental or other marginal reserve requirement) applicable, or to become applicable to the Agent, for a period equal to the applicable Rate Period to U.S. Dollar nonpersonal time deposits in the United States with a maturity corresponding to the end of the Rate Period, applied to the certificates of deposit used in the calculation of the CD Rate for such Rate Period.

CD Rate Loan means the principal or a relevant portion of the principal amount outstanding from time to time after the Commitment Expiry Date denominated in Dollars upon which interest will accrue based on the CD Rate.

CD Rate Loan means any Loan that bears interest at the CD Rate. ------------ -4- Code means the Internal Revenue Code of 1986, as amended. ---- Commitments means the Banks' commitments to make Committed Loans ----------- hereunder; and Commitment as to any Bank means the amount set forth opposite ---------- such Bank's name on Schedule I (as reduced in accordance with Section 5.1, or as ---------- ----------- periodically revised in accordance with Section 13.4 or Section 13.8). ------------ ------------