Chase Bank Rate Loans definition

Chase Bank Rate Loans means any loans or advances made pursuant to this Financing Agreement that bear interest based upon the Chase Bank Rate.

Chase Bank Rate Loans means any loans or advances pursuant to this Financing Agreement made or maintained at a rate of interest based upon the Chase Bank Rate.

Chase Bank Rate Loans means any loans or advances pursuant to this Financing Agreement made or maintained at a rate of interest based upon the Chase Bank Rate. Closing Date shall mean the date that this Financing Agreement has been duly executed by the parties hereto and delivered to CIT. Collateral shall mean all present and future Accounts, Equipment, Inventory, Documents of Title, General Intangibles, Pledged Stock of each of the Companies (except the Parent) and each of the Companies’ subsidiaries and Other Collateral of each of the Companies.

Examples of Chase Bank Rate Loans in a sentence

• Until such notice has been withdrawn by the Agent, the obligations of the Agent and the Lenders thereafter to make or continue LIBOR Loans and to convert Chase Bank Rate Loans into LIBOR Loans hereunder shall be suspended until the Agent determines that adequate and reasonable means again exist for ascertaining LIBOR applicable to an Interest Period with respect to any election of a new LIBOR Loan.

• Section 1.1 of the Financing Agreement is hereby further amended by restating the definitions of the terms “Applicable Margin,” “Issuing Bank” and “Letters of Credit” to provide as follows: Applicable Margin shall mean, with respect to (a) the Revolving Loans, plus 0.75% for Chase Bank Rate Loans and 3.00% for LIBOR Loans, (b) standby Letters of Credit, 1.50%, (c) documentary Letters of Credit, 0.125%, or(d) Bankers Acceptances, the discount rate of JPMorgan Chase Bank, N.A. plus 2.50%.

• Subject to the terms of the preceding sentence, so long as no Event of Default shall have occurred and remain outstanding, if the Agent receives Proceeds of Collateral or other payments that exceed the outstanding principal amount of Revolving Loans that are Chase Bank Rate Loans, the Company may request, in writing, that the Agent not apply such excess Proceeds to outstanding Revolving Loans that are LIBOR Loans, in which case the Agent shall remit such excess to the Company.

• On the first day of each month, commencing on May 1, 2008, (a) the Companies agree to pay to the Agent, for the ratable benefit of the Lenders (based upon their respective Pro Rata Percentages), the Line of Credit Fee, and (b) the Agent shall charge the Companies for interest on Chase Bank Rate Loans at the rate set forth in Section 8.1 (or Section 8.2, if applicable) hereof for the immediately preceding month.

• Chase Bank Rate Loans shall mean any loans or advances made pursuant to this Financing Agreement that bear interest based upon the Chase Bank Rate.

More Definitions of Chase Bank Rate Loans

Chase Bank Rate Loans means any loans or advances pursuant to this Financing Agreement made or maintained at a rate of interest based upon the Chase Bank Rate. CLOSING DATE shall mean the date that this Financing Agreement has been duly executed and delivered by the parties hereto and all Conditions Precedent have been satisfied or waived. COLLATERAL shall mean all present and future Accounts, Equipment, Inventory, Documents of Title, General Intangibles, stock of the Company's subsidiaries (other than controlled foreign corporations) and Other Collateral.

Chase Bank Rate Loans means any loans or advances pursuant to this Financing Agreement made or maintained at a rate of interest based upon the Chase Bank Rate. Closing Date shall mean the date that this First Amended and Restated Financing Agreement has been duly executed by the parties hereto and delivered to CIT. Collateral shall mean all present and future Accounts, Equipment, Inventory and Documents of Title of the Company, the Pledged Stock of Konsyl Pharmaceuticals, Inc. by Pharmaceutical Formulations, Inc., a Letter of Credit from Standard Chartered Bank payable to CIT in an amount not less than the principal balance of the Term Loan and the General Intangibles and Other Collateral of the Company. Collection Days shall mean three (3) Business Days to provide for the deposit, clearance and collection of checks or other instruments representing the proceeds of Collateral, the amount of which has been credited to the Company's Revolving Loan Account, and for which interest may be charged on the aggregate amount of such deposits, at the rate provided for in Paragraph 8.1 of Section 8 of this Financing Agreement.

Chase Bank Rate Loans means any loans or advances pursuant to this Financing Agreement made or maintained at a rate of interest based upon the Chase Bank Rate. CLOSING DATE shall mean the date that this Financing Agreement has been duly executed by the parties hereto and delivered to the Agent and that the conditions precedent to closing set forth in Section 2.1 hereof have been fully satisfied or waived by Agent, in writing.

Chase Bank Rate Loans means any loans or advances pursuant to this Financ­ing Agreement made or maintained at a rate of interest based upon the Chase Bank Rate. Closing Date shall mean the date that this Financing Agreement has been duly executed by the parties hereto and delivered to CIT. Collateral shall mean all present and future Accounts, Equipment, Inventory, Documents of Title, General Intangibles, Pledged Stock of the Company’s subsidiaries, and Other Collateral; provided that Collateral shall not include Real Estate, including the Valencia Real Estate.

Chase Bank Rate Loans means any loans or advances pursuant to this Agreement made or maintained at a rate of interest based upon the Chase Bank Rate. Claim shall have the meaning set forth in Section 101(5) of the Bankruptcy Code. Closing Date shall mean the date on which all of the conditions specified in Paragraph 2.1 have been satisfied or waived by CIT. Collateral shall have the meaning set forth in Paragraph 6.1.

Chase Bank Rate Loans means any loans or advances pursuant to this Financing Agreement made or maintained at a rate of interest based upon the Chase Bank Rate. Closing Date shall mean the date that this Financing Agreement has been duly executed by the parties hereto and delivered to CIT. Code shall mean the Internal Revenue Code of 1986, as amended. Collateral shall mean all of the Companies' real and personal property, including, but not limited to all present and future Accounts, Equipment, Inventory, Documents of Title, General Intangibles, Real Estate, pledged stock of all of the subsidiaries of all of the Companies and Other Collateral of each of the Companies.

Chase Bank Rate Loans means any loans or advances pursuant to this Financing Agreement made or maintained at a rate of interest based upon the Chase Bank Rate. Closing Date shall mean the date that this Financing Agreement has been duly executed by the parties hereto and delivered to CIT and each of the conditions precedent to the effectiveness of this Financing Agreement have been fulfilled or waived. Collateral shall mean all present and future Accounts, Equipment, Inventory, Documents of Title, General Intangibles, Real Estate, pledged stock of HKA’s Subsidiaries and Other Collateral of each of the Companies.