Examples of COF Rate in a sentence
Working Capital Loans may be Base Rate Loans, COF Rate Loans or Eurodollar Rate Loans, as further provided herein.
Upon receipt of such notice, the Co-Borrowers may revoke any pending request for a Borrowing, conversion, or continuation of Eurodollar Rate Loans or COF Rate Loans, as applicable, or, failing that, will be deemed to have converted such request into a request for a Borrowing of Base Rate Loans or COF Rate Loans, as applicable, in the amount specified therein.
Thereafter, the obligation of the Banks to make or maintain Eurodollar Rate Loans or COF Rate Loans, as applicable, shall be suspended until all of the Banks revoke such notice.
Any prepayment of Eurodollar Loans or Canadian COF Rate Loans shall be subject to subsection 5.11.
Any change in the interest rate on a Loan resulting from a change in the Alternative Base Rate, or COF Rate shall become effective as of the opening of business on the day on which such change becomes effective.