COF Rate Loan definition

COF Rate Loan means any Loan bearing interest based upon the COF Rate.
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Examples of COF Rate Loan in a sentence

  • If the Co-Borrowers are required to so prepay any Eurodollar Rate Loan, then concurrently with such prepayment, the Co-Borrowers may, but shall not be required to, borrow from the affected Bank, in the amount of such repayment, a COF Rate Loan.

  • If a Canadian COF Rate Loan is requested but no Interest Period with respect to such Loan is specified in any such notice, then CC Canada shall be deemed to have selected an Interest Period of thirty (30) days' duration.

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  • Any prepayment of a Libor Rate Loan or COF Rate Loan is subject to the terms of Section 2.04.7. Prepayments of the Term Loan shall be applied to installments of principal in the inverse order of their due date.

  • The Borrowers may elect from time to time to Convert one Type of Loan to another Type of Loan (other than converting a Base Rate Loan or COF Rate Loan to a Eurodollar Loan), by giving the Administrative Agent irrevocable notice of such election by 11:00 a.m., New York City time two Business Days’ prior to the effective date of such election.

  • Principal outstanding on the Loans shall bear interest at the rates provided above, as selected by the Borrower following adequate notice to the Bank, which in the case of the making of or conversion to a Libor Rate Loan, shall not be less than three (3) Business Days prior to the commencement of any Libor Rate Loan and in the case of a COF Rate Loan shall not be less than one (1) Business Day prior to the commencement of any COF Rate Loan.

  • Any portion of the Term Loan bearing interest based upon the Cost of Funds Rate, with applicable margin, shall be referred to as the "COF Rate Loan".

  • If a Canadian COF Rate Loan is requested but no Interest Period with respect to such Loan is specified in any such notice, then VWR Canada shall be deemed to have selected an Interest Period of thirty (30) days' duration.

  • If the Company shall fail to give notice of its election to continue a COF Rate Loan as such as provided above, the Company shall be deemed to have elected to convert the affected COF Rate Loan to a Reference Rate Loan on the last day of the applicable Interest Period.

Related to COF Rate Loan

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

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

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

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

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

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

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

  • LIBO Rate Loan means a Loan bearing interest, at all times during an Interest Period applicable to such Loan, at a fixed rate of interest determined by reference to the LIBO Rate (Reserve Adjusted).

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

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

  • Floating Rate Loan means a Loan which bears interest at the Floating Rate.

  • LIBOR Rate Loans means the Loans bearing interest with reference to the LIBOR Rate.

  • Fixed Rate Loans means Euro-Dollar Loans or Money Market Loans (excluding Money Market LIBOR Loans bearing interest at the Base Rate pursuant to Section 8.01(a)) or any combination of the foregoing.

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

  • Eurocurrency Rate Loan means a Loan that bears interest at a rate based on the Eurocurrency Rate.

  • Eurodollar Rate Loan means a Loan that bears interest at a rate based on the Eurodollar Rate.

  • Bid Rate Loan means a loan made by a Lender under Section 2.2.

  • Canadian Prime Rate Loan means a Tranche B Loan denominated in Canadian Dollars that bears interest based on the Canadian Prime Rate.

  • Eurodollar Rate Loans means any Loans or portion thereof on which interest is payable based on the Adjusted Eurodollar Rate in accordance with the terms hereof.

  • Prime Rate Loans means any Loans or portion thereof on which interest is payable based on the Prime Rate in accordance with the terms thereof.

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

  • Eurodollar Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the applicable Eurodollar Rate.

  • Eurocurrency Rate Advance means a Revolving Credit Advance denominated in Dollars or a Committed Currency that bears interest as provided in Section 2.07(a)(ii).

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

  • Absolute Rate Loan means a Bid Loan that bears interest at a rate determined with reference to an Absolute Rate.

  • Canadian Base Rate Loan means a Canadian Loan that bears interest at a rate per annum determined by reference to the Canadian Prime Rate.