Domestic Advance definition

Domestic Advance means any Advance other than a Eurocurrency-based Advance.

Domestic Advance means a borrowing in Dollars by the Company hereunder (i) made by the Lenders on the same Borrowing Date or (ii) converted or continued by the Lenders on the same date of conversion or continuation, consisting, in either case, of the aggregate amount of the several Loans of the same Type and, in the case of Eurocurrency Loans, having the same Interest Period.

Domestic Advance means any Advance other than a

Examples of Domestic Advance in a sentence

• Each Swingline Loan shall be a Domestic Advance and, unless otherwise agreed between the Borrower and the Swingline Lender, a Floating Rate Advance.

• In the event that any Domestic Lender fails to make available to Agent for the account of Issuing Bank the amount of such Domestic Advance, Issuing Bank shall be entitled to recover such amount on demand from such Lender together with interest thereon at a rate per annum equal to the lesser of (i) the Highest Lawful Rate and (ii) the Federal Funds Rate plus 0.50%.

• Each Advance shall be either a Domestic Advance or a Eurodollar Advance as shall be selected by the Company, except as otherwise provided herein.

• The Agent shall maintain records sufficient to identify at any time, (i) the Advance Date Exchange Rate with respect to each Domestic Advance, and (ii) the portion of the outstanding Domestic Revolving Loans attributable to each Domestic Advance.

• No Domestic Advance shall be converted into a Eurodollar Advance and no Eurodollar Advance shall be continued less than seven (7) days before the Termination Date or at any time that an Event of Default or an Unmatured Event of Default shall exist.

More Definitions of Domestic Advance

Domestic Advance means a borrowing under (i) the Domestic Revolving Credit Facility consisting of the aggregate principal amount of a Domestic Base Rate Loan or Fixed Rate Loan, as the case may be and (ii) the Swing Line consisting of Floating CD Loans;

Domestic Advance means any Advance other than a Eurocurrency-based Advance. "Domestic Subsidiary(ies)" shall mean any direct or indirect Subsidiary of the Company which is incorporated under the laws of the United States of America, or any state, territory or other political subdivision thereof.

Domestic Advance means any Advance which bears interest at a rate determined with reference to the Reference Rate.

Domestic Advance means an Advance to a Domestic Borrower.

Domestic Advance means an advance made by a Lender to Parent pursuant to SECTION 2.01(a).

Domestic Advance means an advance of Dollars by the Domestic Agent on behalf of the Domestic Banks to the Domestic Borrower pursuant to Article II and includes, as applicable, a Base Rate Advance or a LIBOR Advance.

Domestic Advance means an advance denominated in Dollars made by a Lender to Parent.