COF Loan definition

COF Loan. The aggregate principal amounts of all Term Loans which bear interest at a COF Interest Rate.
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COF Loan. Loans the rate of interest applicable to which is based upon the COF Rate.
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COF Loan has the meaning specified in Section 2.01(b).
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Examples of COF Loan in a sentence

  • Further, the Borrower may not convert into a COF Loan any LIBOR Loan prior to the end of the Interest Period applicable to such LIBOR Loan.

  • If the Borrower desires such conversion to a COF Loan, it will notify the Bank of same not less than two Business Days prior to the proposed conversion and will request that the Bank offer with respect to such Term Loans a rate of interest which shall be fixed (subject to adjustment as provided in this letter agreement) for the period commencing on the date of such conversion and ending on the final maturity date applicable to such Term Loans (the "Fixed Rate Period").

  • Interest on Floating Rate Loans and the COF Loan (if any) will be payable monthly in arrears on the first day of each month.

  • Interest on any COF Loan will be payable at the applicable COF Interest Rate.

  • Interest on the COF Loan will be payable at the applicable COF Interest Rate.

  • The rate of interest payable on any COF Loan will be the COF Interest Rate applicable thereto.

  • Interest on this Note for each Prime Rate Loan, LIBOR Loan or COF Loan, as the case may be, shall be payable prior to maturity on the last day of the applicable Interest Period therefor.

  • Each such request must include the principal amount of any proposed COF Loan, must identify any outstanding Term Loan as to which an Adjusted COF Rate is requested and must state the date on which such COF Loan is proposed to be made (or, if relating to an outstanding Term Loan as to which an Adjusted COF Rate is requested, the date on which such Adjusted COF Rate is to take effect).

  • In any event, interest on the Line of Credit Loans shall also be paid on the date of payment of the Line of Credit Loans in full and interest on each Term Loan shall be paid on the date of payment of such Term Loan in full (and, if such Term Loan is being converted from being a Floating Rate Loan to a COF Loan, on the date of such conversion).

  • Subject to the conditions set forth herein, the Borrowers may elect (i) that any September 1998 Term Loan to be made under Section 2(a) or Section 2(c) will be made as a LIBOR Loan or (ii) that all or a portion of any September 1998 Term Loan which is outstanding as a Floating Rate Loan (but not any COF Loan) be converted to a LIBOR Loan.


More Definitions of COF Loan

COF Loan means a Loan denominated in Cdn.$ made by the Canadian Lenders to the Canadian Borrower outstanding from time to time and on which interest is to be paid in accordance with Section 4.1(b).
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COF Loan means a Loan denominated in Dollars that bears interest at a rate determined by reference to the COF Rate.
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COF Loan means a Loan hereunder during such time as it is made and/or being maintained at a rate of interest based on the COF Rate.
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COF Loan. All Term Loans which bear interest at a particular COF Interest Rate commencing at a particular date.
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COF Loan. If applicable, all or any portion of the outstanding September 1998 Term Loans which bears interest at a COF Interest Rate.
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Related to COF Loan

  • Type of Loan means (i) with respect to either Term Loans or Revolving Loans, a Base Rate Loan or a Eurodollar Rate Loan, and (ii) with respect to Swing Line Loans, a Base Rate Loan.

  • Term SOFR Rate Loan means a Loan that bears interest based on the Term SOFR Rate.

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

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

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

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

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • CDOR Rate Loan means a Loan denominated in Canadian Dollars the rate of interest applicable to which is based on the CDOR Rate.

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.

  • Eurodollar Loan means any Loan bearing interest at a rate determined by reference to the Eurodollar Rate.

  • Dollar Loan means a Loan denominated in Dollars.

  • Eurodollar Rate Borrowing means a Borrowing comprised of Eurodollar Rate Loans.

  • LIBOR Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the LIBOR Rate.

  • Term Loan as defined in Section 2.1.

  • U.S. Base Rate Loan means a Loan denominated in Dollars which bears interest at a rate based upon the U.S. Base Rate.

  • Base Rate Loan means a Loan that bears interest based on the Base Rate.

  • Canadian Prime Rate Loan means any Loan made to the Borrower in Canadian Dollars which bears interest based upon the Canadian Prime Rate as provided in Section 4.1(a).

  • Revolving Loan means a Loan made pursuant to Section 2.01.

  • 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.

  • Domestic Rate Loan means any Advance that bears interest based upon the Alternate Base Rate.

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.

  • 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.

  • Offshore Rate Loan means a Loan that bears interest based on the Offshore Rate.

  • LIBOR Loan means a Loan or any portion thereof bearing interest by reference to the LIBOR Rate.

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