Examples of Competitive Bid Rate Loan in a sentence
Each Competitive Bid Rate Loan shall bear interest on the outstanding principal amount thereof, for the Interest Period applicable thereto, at a rate per annum equal to the Competitive Bid Rate quoted by the Lender making such Loan in accordance with Section 2.03.
Each such partial repayment of the Competitive Bid Rate Loan shall be in an amount of $1,000,000 or an integral multiple of $1,000,000 in excess thereof and shall be accompanied by the payment of accrued interest on the principal repaid to the date of payment.
Each Competitive Bid Rate Loan subject to a Competitive Bid Absolute Rate shall bear interest on the outstanding principal amount thereof, for the Interest Period applicable thereto, at a fixed rate per annum equal to the Competitive Bid Absolute Rate quoted by the Bank or Banks making such Loan in accordance with this Section.
RESOLVED, that the Board of Education accepts the recommendation of the Superintendent of Schools and approves Florence Avenue School’s first grade (class 1-4) to receive a donation for admission and transportation for a field trip to Intrepid Air and Space Museum from Donorschoose.org., 134 West 37th Street, 11th floor, New York, NY 10018, the amount of $723.00, ($273.00 Entry Fee and $450.00 Travel).
Each Competitive Bid Rate Loan shall bear interest on the outstanding principal amount thereof, for the Interest Period applicable thereto, at a rate per annum equal to the Competitive Bid Rate quoted by the Bank making such Loan in accordance with Section 2.03.
Each Competitive Bid Rate Loan shall mature, and the principal amount thereof shall be due and payable on the last day of the Interest Period applicable to such Loan, but in no event later than the Maturity Date.
Unless the Administrative Agent determines that any applicable condition specified in Section 11 or this Section 2.13 has not been satisfied, the Administrative Agent will make the funds so received from the Banks available to the Borrower prior to 2:00 p.m. (Charlotte, North Carolina time) on the date of such Competitive Bid Rate Loan.
The Company agrees to pay interest in respect of the unpaid principal amount of each Competitive Bid Rate Loan incurred from each Bank on and from the date the proceeds thereof are made available to the Company until maturity (whether by acceleration or otherwise) at a rate per annum which shall be such Bank's Competitive Bid Rate for such Loan.
No later than 1:00 p.m. (Eastern time) on each date for the making of a Competitive Bid Rate Loan, the Bank making such Competitive Bid Rate Loan shall make available to the Company the proceeds of such Competitive Bid Rate Loan in immediately available funds to the Company's account at a bank specified by the Company.
Not later than 1:00 p.m. (Hartford, Connecticut time) on the date specified in the applicable Competitive Bid Rate Quote Request, each Bank whose Competitive Bid Rate Quote Request was accepted (in whole or in part) shall make available its share of such Competitive Bid Rate Loan (as specified by the Administrative Agent pursuant to Section 2.11.7 hereof), in immediately available funds, to the Administrative Agent.