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 made pursuant to this Financing Agreement that bear interest based on the Chase Bank Rate. Closing Date shall mean the date on which this Financing Agreement is executed and delivered by the Borrowers and the Agent and the conditions set forth in Section 2.1 are satisfied.

Examples of Chase Bank Rate Loans in a sentence

• The rate hereunder for Chase Bank Rate Loans shall be calculated based on a 360-day year.

• Until such notice has been withdrawn by the Agent, the obligations of the Agent and the Lenders thereafter to make or continue LIBOR Loans and to convert Chase Bank Rate Loans into LIBOR Loans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.

• Interest on the outstanding principal balance of the Revolving Loans that are Chase Bank Rate Loans shall be due and payable monthly on the first day of each month and shall accrue at a rate per annum equal to the Applicable Margin plus the Chase Bank Rate on the average net principal balance of such Revolving Loans at the close of each day during the immediately preceding month, as reflected by CIT’s System.

• Interest on the outstanding principal balance of the Revolving Loans that are Chase Bank Rate Loans shall be due and payable monthly on the first day of each month and shall accrue at a rate per annum equal to the Applicable Margin plus the Chase Bank Rate on the average net principal balance of such Revolving Loans at the close of each day during the immediately preceding month, as reflected by CIT's System.

• Absent such notification, LIBOR Rate Loans shall convert to Chase Bank Rate Loans on the last day of the applicable Interest Period.

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 by the parties hereto and delivered to CIT. COLLATERAL shall mean all present and future Accounts, Equipment, Inventory, Documents of Title, General Intangibles, Real Estate, Pledged Stock of the Company's subsidiaries and Other Collateral.

Chase Bank Rate Loans means any loans made pursuant to this Financing Agreement that bear interest based on the Chase Bank Rate. CLOSING DATE shall mean the date on which this Financing Agreement is executed and delivered by the Companies and the Agent. COLLATERAL shall mean all of the Companies' present and future Accounts, Inventory, and Real Estate, and the Proceeds of any of the foregoing.

Chase Bank Rate Loans means any loans made pursuant to this Financing Agreement that bear interest based on the Chase Bank Rate. CHATTEL PAPER shall have the meaning give to such term in the UCC.

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 CIT. COLLATERAL shall mean all present and future Accounts, Documents of Title, General Intangibles and Other Collateral. COLLECTION DAYS shall mean two (2) 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 Borrowers' 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 shall xxxx xxx 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 (i) all present and future Accounts, Equipment, Inventory, Documents of Title, General Intangibles, Real Estate, pledged stock of the Companies and their Subsidiaries and Other Collateral of each of the Companies and (ii) all other property in which CIT has been granted a security interest pursuant to any Loan Document.

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.