CD Rate Portion definition

CD Rate Portion means, at any time, that portion, including the whole, of a Loan bearing interest under the CD Rate Option at such time, or at a rate calculated by reference to Section 2.05(a) hereof.
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CD Rate Portion of any Loan or Loans shall mean at any time the portion, including the whole, of such Loan or Loans bearing interest at any time under the CD Rate Option or at a rate calculated by reference to the CD Rate under Section 2.15 hereof. If no Loan or Loans is specified, "CD Rate Portion" shall refer to the CD Rate Portion of all Loans outstanding at such time.
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CD Rate Portion of any Revolving Credit Loan shall mean at any time the portion, including the whole, of such Revolving Credit Loan bearing interest at such time under the CD Rate Alternative.
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Examples of CD Rate Portion in a sentence

  • Interest on each Funding Segment of the CD Rate Portion shall be due and payable on the last day of the corresponding CD Rate Funding Period and, if such CD Rate Funding Period is longer than 90 days, also every 90th day during such CD Rate Funding Period.

  • The aggregate number of Funding Segments applicable to the CD Rate Portion and the Euro-Rate Portion of the Revolving Credit Loans at any time shall not exceed ten unless otherwise permitted by the Administrative Agent.

  • Subject to the provisions of this Agreement the Borrower may select different options to apply simultaneously to different Portions of the Loans and may select different Funding Segments to apply simultaneously to different parts of the CD Rate Portion or the Euro-Rate Portion of the Loans.

  • Every selection of, conversion from, conversion to or renewal of an interest rate option and every payment or prepayment of any Loans shall be in a principal amount such that after giving effect thereto the aggregate principal amount of the Base Rate Portion of the Revolving Credit Loans, or the aggregate principal amount of each Funding Segment of the CD Rate Portion or the Euro-Rate Portion of the Revolving Credit Loans, shall be at least $5,000,000 and integral multiples of $1,000,000 in excess thereof.

  • Absent due notice from the Borrower of conversion or renewal in the circumstances described in Section 2.09(a)(ii) hereof, any part of the CD Rate Portion or Euro-Rate Portion for which such notice is not received shall be converted automatically to the Base Rate Option on the last day of the expiring Funding Period.

  • The aggregate number of Funding Segments applicable to the CD Rate Portion and the Euro-Rate Portion of the Revolving Credit Loans at any time shall not exceed five.

  • Subject to the provisions of this Agreement the Borrower may select different Options to apply simultaneously to different Portions of the Loans and may select different Funding Segments to apply simultaneously to different parts of the CD Rate Portion or the Euro-Rate Portion of the Loans.

  • Standard Notice having been so provided, on the date specified in such Standard Notice, the principal amounts of the Base Rate Portion and each Funding Segment of the As-Offered Rate Option, the CD Rate Portion and the Euro-Rate Portion specified in such notice, together with interest on each such principal amount to such date, shall be due and payable.

  • Every selection of, conversion from, conversion to or renewal of an interest rate Option and every payment or prepayment of any Loans shall be in a principal amount such that after giving effect thereto the aggregate principal amount of the Base Rate Portion of the Revolving Credit Loans, or the aggregate principal amount of each Funding Segment of the CD Rate Portion or the Euro-Rate Portion of the Revolving Credit Loans, shall be $5,000,000 and integral multiples of $1,000,000 thereof.

  • If the Borrower fails to select a CD Rate Interest Period or a Revolving Credit Euro-Rate Interest Period in accordance with the provisions of Section 3.02 in the case of renewal of the CD Rate Portion or Euro-Rate Portion of a Revolving Credit Loan, as the case may be, the Borrower shall be deemed to have converted such Revolving Credit Loan or portion thereof to the Prime Rate Option otherwise available with respect to such Revolving Credit Loan, commencing upon the last day of that Interest Period.


More Definitions of CD Rate Portion

CD Rate Portion means at any time the part, including the whole, of the unpaid principal amount of the Note bearing interest at such time under the applicable option or at a rate determined by reference to the applicable option pursuant to Section 5(c) hereof. (By definition, the sum of the Prime Rate Portion, the As-Offered Rate Portion, the Euro-Rate Portion and the CD Rate Portion at any time equals the unpaid principal amount of the Note at such time.)
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CD Rate Portion means all or such part of the principal balance of credit provided under this Agreement for which interest is payable at the rate related to the CD Rate. 10 "Collateral" means the real or personal property described in the Collateral Agreements.
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Related to CD Rate Portion

  • Base Rate Portion of any Loan or Loans shall mean at any time the portion, including the whole, of such Loan or Loans bearing interest at such time (i) under the Base Rate Option or (ii) in accordance with Section 2.09(c)(ii) hereof. If no Loan or Loans is specified, "Base Rate Portion" shall refer to the Base Rate Portion of all Loans outstanding at such time.

  • SOFR Rate Day has the meaning specified in the definition of “Daily Simple SOFR”.

  • Interest Rate Option means any LIBOR Rate Option or Base Rate Option.

  • Interest Rate Period means that period of time for which the interest rate with respect to the Bonds has been determined by the Remarketing Agent or otherwise as provided in the definition of the applicable Interest Rate Mode, commencing on the applicable Interest Rate Adjustment Date, and terminating on the day immediately preceding the following Interest Rate Adjustment Date, if any.

  • CD Rate means: (1) the rate on the particular Interest Determination Date for negotiable United States dollar certificates of deposit having the Index Maturity specified on the face hereof as published in H.15(519) (as defined below) under the caption “CDs (secondary market)”; or (2) if the rate referred to in clause (1) is not so published by 3:00 P.M., New York City time, on the related Calculation Date, the rate on the particular Interest Determination Date for negotiable United States dollar certificates of deposit of the particular Index Maturity as published in H.15 Daily Update (as defined below), or other recognized electronic source used for the purpose of displaying the applicable rate, under the caption “CDs (secondary market)”; or (3) if the rate referred to in clause (2) is not so published by 3:00 P.M., New York City time, on the related Calculation Date, the rate on