CP Rate Loan definition

CP Rate Loan means a Loan that bears interest based on a CP Rate (or, in the case of a Loan funded by a Conduit Lender through its Liquidity Provider, at the rate specified in Section 2.05(a)).

CP Rate Loan. Each Loan made by a Conduit prior to the time, if any, when (i) it is refinanced with a Liquidity Funding pursuant to the related Liquidity Agreement, or (ii) the occurrence of an Amortization Event and the commencement of the accrual of Interest thereon at the applicable Default Rate.

CP Rate Loan means, for each Loan of a Conduit prior to the time, if any, when (i) it is refinanced with a Liquidity Funding pursuant to the Liquidity Agreement, or (ii) the occurrence of an Amortization Event and the commencement of the accrual of Interest thereon at the Default Rate.

Examples of CP Rate Loan in a sentence

• Any portion of such Purchase constituting Yield shall be due and payable to the Banks as accrued interest on the next Settlement Date applicable to the related CP Rate Loan purchased by such Bank and shall accrue interest from the date of such Purchase until paid in full at the rate applicable to Alternate Base Rate Loans.

• The principal on each CP Rate Loan shall be payable on and after the Termination Date as and when Collections are received.

• Each LIBOR Rate Loan and CDOR Rate Loan shall be in an aggregate amount that is an integral multiple of $100,000 and not less than $1,000,000 and each Reference Rate Loan shall be in an aggregate amount that is an integral multiple of $100,000 and not less than $500,000; provided that a Reference Rate Loan or a CP Rate Loan may be in an aggregate amount that is equal to the entire unused balance of the Available Commitment.

• The Company hereby further agrees to pay interest on the unpaid principal amount of the RFC Loans from time to time outstanding from the date hereof until payment in full thereof at the rates per annum, and on the dates, set forth in subsection 2.7. The unpaid principal amount of each CP Rate Loan will be due and payable on the applicable Settlement Dates and the Termination Date.

• Interest on the unpaid principal balance of (i) each LIBOR Rate Loan, Cost of Funds Rate Loan, Reference Rate Loan bearing interest based off LIBOR, CDOR Rate Loan and CP Rate Loan shall be calculated on the basis of the actual days elapsed in a year consisting of 360 days and (ii) each Reference Rate Loan (other than when the Reference Rate is calculated based off LIBOR) shall be calculated on the basis of the actual days elapsed in a year consisting of 365 or 366 days, as the case may be.

More Definitions of CP Rate Loan

CP Rate Loan means, for each Loan of Blue Ridge prior to the time, if any, when (i) it is refinanced with a Liquidity Funding pursuant to the Liquidity Agreement, or (ii) the occurrence of an Amortization Event and the commencement of the accrual of Interest thereon at the Default Rate.

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

CP Rate Loan means a Loan made by Blue Ridge which bears interest at a CP Rate.

CP Rate Loan means a Loan made by YC SUSI funded with Pooled Commercial Paper. “CP Tranche Period” shall mean the period to maturity of any Pooled Commercial Paper.

CP Rate Loan means a Loan made by XX XXXX funded with Pooled Commercial Paper.

CP Rate Loan means, for each Loan of Blue Ridge prior to the time, if any, when (a) it is refinanced with a Liquidity Funding pursuant to the Liquidity Agreement, or (b) the occurrence of an Amortization Event and the commencement of the accrual of Interest thereon at the Default Rate.

CP Rate Loan means, for each Loan of VFCC prior to the time, if any, when (i) it is refinanced with a Liquidity Funding pursuant to the Liquidity Agreement, or (ii) the occurrence of an Amortization Event and the commencement of the accrual of Interest thereon at the Default Rate.