Examples of Daily Rate Loan in a sentence
Each Notice of Equipment Loan Borrowing must be received by Lender (a) no later than 11:00 a.m., Hartford, Connecticut time on the day of the proposed Drawdown Date of any Eurodollar Daily Rate Loan and (b) not less than four (4) Eurodollar Rate Business Days prior to the proposed Drawdown Date of any Eurodollar Rate Loan.
Each Alternative Currency Daily Rate Loan and Alternative Currency Term Rate Loan shall be denominated in an Alternative Currency.
An Alternative Currency Daily Rate Loan or an Alternative Currency Term Rate Loan, as applicable.
Interest shall accrue on each Alternative Currency Daily Rate Loan for the day on which the Alternative Currency Daily Rate Loan is made, and shall not accrue on an Alternative Currency Daily Rate Loan, or any portion thereof, for the day on which the Alternative Currency Daily Rate Loan or such portion is paid, provided that any Alternative Currency Daily Rate Loan that is repaid on the same day on which it is made shall, subject to the terms of the Credit Agreement, bear interest for one day.
Notwithstanding anything herein, an Alternative Currency Loan which is an Alternative Currency Daily Rate Loan may be continued or converted at any time.