CFC Line of Credit Rate definition

CFC Line of Credit Rate means the rate published by CFC from time to time, by electronic or other means, for similarly classified lines of credit, but if not published, then the rate determined for such lines of credit by CFC from time to time.
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Examples of CFC Line of Credit Rate in a sentence

  • Swingline Loans shall bear interest at a rate per annum equal to the CFC Line of Credit Rate.

  • The amount of all such expenses identified in this Section 8.02 shall be payable upon demand, and if not paid, shall accrue interest at the then prevailing CFC Line of Credit Rate plus two hundred basis points.

  • The interest rate on all Advances will be equal to the CFC Line of Credit Rate in effect from time to time, provided, that any CFC Line of Credit Rate adjustment shall only be effective on a date that is the first or sixteenth day of any month, and any such adjustment shall remain in effect until any subsequent change in the CFC Line of Credit Rate occurs.

  • The interest rate on all Advances will be equal to the CFC Line of Credit Rate in effect from time to time, which shall not exceed the Prevailing Bank Prime Rate (as defined herein), plus one percent per annum.

  • The interest rate on all Advances will be equal to the CFC Line of Credit Rate in effect from time to time.

  • Each Swingline Loan shall bear interest at a rate per annum equal to (i) the CFC Line of Credit Rate (if CFC is the Swingline Lender at such time), (ii) the Base Rate, or (iii) the Adjusted SOFR Market Index Rate, as selected by ODEC in its request for such Swingline Loan, plus, in each case, the Applicable Margin.

  • All computations of interest for Base Rate Loans (including Base Rate Loans determined by reference to the Adjusted Term SOFR) and Swing Line Loans determined by reference to the CFC Line of Credit Rate shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed.

  • All computations of interest for Base Rate Loans (including Base Rate Loans determined by reference to the Adjusted LIBOR Rate) and Swing Line Loans determined by reference to the CFC Line of Credit Rate shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed.

Related to CFC Line of Credit Rate

  • Revolving Line of Credit means the Commitments of the Lenders to make Revolving Loans pursuant to Section 3 of this Financing Agreement and assist the Companies in opening Letters of Credit, Bankers Acceptances, Steamship Guarantees and Airway Releases pursuant to Section 5 of this Financing Agreement, in an aggregate amount equal to $250,000,000.

  • Line of Credit mean the credit facility described in the Section titled "LINE OF CREDIT" below.

  • Line of Credit Note shall have the meaning given the term in Section 2.1.a.

  • Equity Line of Credit shall have the meaning ascribed to such term in Section 4.13.

  • Revolving Loan Availability means at any time the lesser of (a) the Revolving Loan Commitment or (b) the Borrowing Base Amount.

  • Aggregate Borrowing Base means the aggregate amount of the U.S. Borrowing Base and the Canadian Borrowing Base; provided that the maximum amount of the Canadian Borrowing Base which may be included in the Aggregate Borrowing Base is the Canadian Sublimit.

  • Loan Advance The meaning specified in Section 2.2(a).

  • Revolver Loan a loan made pursuant to Section 2.1, and any Swingline Loan, Overadvance Loan or Protective Advance.

  • Revolving Advance has the meaning given in Section 2.1.

  • Credit Line as defined in Section 2.1.

  • Letter of Credit Availability Period the period from and including the Closing Date to but excluding the Letter of Credit Maturity Date.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Revolving Credit Availability means, at any particular time, the amount by which (x) the Aggregate Revolving Loan Commitment at such time exceeds (y) the Dollar Amount of the Revolving Credit Obligations outstanding at such time.

  • Revolving Advances means Advances made other than Letters of Credit.

  • Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.

  • Revolving Interest Rate means an interest rate per annum equal to (a) the sum of the Alternate Base Rate plus the Applicable Margin with respect to Domestic Rate Loans and (b) the sum of the Eurodollar Rate plus the Applicable Margin with respect to Eurodollar Rate Loans.

  • Revolving Credit Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Credit Commitment Termination Date and the date of termination of the Revolving Credit Commitments.

  • Letter of Credit Advance means an advance made by any Issuing Bank or any Lender pursuant to Section 2.03(c).

  • Letter of Credit Limit means $5,000,000.

  • Revolving Loan Note means a promissory note in the form of Exhibit B-2, as it may be amended, supplemented or otherwise modified from time to time.

  • Revolving Credit Advance means an advance by a Bank to a Borrower as part of a Revolving Credit Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance, each of which shall be a “Type” of Advance.

  • Canadian Base Rate Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the Canadian Base Rate in accordance with the provisions of Article II.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Borrowing Availability means, as of any date of determination, the lesser of (i) the Maximum Amount and (ii) the Borrowing Base, in each case, less the sum of the aggregate Revolving Loan and Swing Line Loan then outstanding.

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

  • Reference Rate Loan means any Committed Loan that bears interest at a rate determined with reference to the Reference Rate.