Eurodollar Bid Rate Advance definition

Eurodollar Bid Rate Advance means a Competitive Bid Advance which bears interest at a Eurodollar Bid Rate.
Sample 1Sample 2Sample 3
Eurodollar Bid Rate Advance means a Competitive Bid Advance ___________________________ which bears interest at a Eurodollar Bid Rate.
Sample 1
Eurodollar Bid Rate Advance means a borrowing hereunder consisting of the aggregate amount of the several Eurodollar Bid Rate Loans made by some or all of the Lenders to the Borrower at the same time and for the same Eurocurrency Interest Period.
Sample 1

Examples of Eurodollar Bid Rate Advance in a sentence

  • Each Eurodollar Committed Advance, Eurodollar Bid Rate Advance and Absolute Rate Advance shall bear interest from and including the first day of the Interest Period applicable thereto to (but not including) the last day of such Interest Period at the interest rate determined as applicable to such Eurodollar Committed Advance, Eurodollar Bid Rate Advance or Absolute Rate Advance, as the case may be.

  • Interest accrued on each Eurodollar Committed Advance, Eurodollar Bid Rate Advance and Absolute Rate Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Committed Advance, Eurodollar Bid Rate Advance or Absolute Rate Advance, as the case may be, is prepaid, whether by acceleration or otherwise, and at maturity.

  • In the case of a Eurodollar Ratable Advance or Eurodollar Bid Rate Advance not paid at maturity, whether by acceleration or otherwise, such Advance shall bear interest at a rate per annum equal to the interest rate (including any Applicable Rate) otherwise applicable to such Advance plus 2% per annum to the fullest extent permitted by applicable Laws.

  • Interest accrued on each Eurodollar Committed Advance and Eurodollar Bid Rate Advance having an Interest Period longer than three months shall also be payable on the last day of each three-month interval during such Interest Period.

  • Interest accrued on each Eurodollar Committed Advance and Eurodollar Bid Rate Advance having an Interest Period longer than three months shall also be payable on the last day of each three- month interval during such Interest Period.


More Definitions of Eurodollar Bid Rate Advance

Eurodollar Bid Rate Advance means a Eurodollar Facility A Bid Rate Advance or a Eurodollar Facility B Bid Rate Advance. "Eurodollar Facility A Bid Rate" means, with respect to a Eurodollar Facility A Bid Rate Loan made by a given Facility A Bank for the relevant Eurodollar Interest Period, the sum of (i) the Eurodollar Base Rate and (ii) the Competitive Bid Margin offered by such Facility A Bank and accepted by the Borrower. "Eurodollar Facility A Bid Rate Advance" means a Competitive Facility A Bid Advance which bears interest at a Eurodollar Facility A Bid Rate. "Eurodollar Facility A Bid Rate Loan" means a Facility A Loan which bears interest at the Eurodollar Facility A Bid Rate. "Eurodollar Facility A Ratable Advance" means a Facility A Advance which bears interest at a Eurodollar Rate requested by the Borrower pursuant to Section 2.2. "Eurodollar Facility A Ratable Loan" means a Facility A Loan which bears interest at a Eurodollar Rate requested by the Borrower pursuant to Section 2.2. "Eurodollar Facility B Bid Rate" means, with respect to a Eurodollar Facility B Bid Rate Loan made by a given Facility B Bank for the relevant Eurodollar Interest Period, the sum of (i) the Eurodollar Base Rate and (ii) the Competitive Bid Margin offered by such Facility B Bank and accepted by the Borrower. "Eurodollar Facility B Bid Rate Advance" means a Competitive Facility B Bid Advance which bears interest at a Eurodollar Facility B Bid Rate. "Eurodollar Facility B Bid Rate Loan" means a Facility B Loan which bears interest at the Eurodollar Facility B Bid Rate. "Eurodollar Facility B Ratable Advance" means a Facility B Advance which bears interest at a Eurodollar Rate requested by the Borrower pursuant to Section 2.2. "Eurodollar Facility B Ratable Loan" means a Facility B Loan which bears interest at a Eurodollar Rate requested by the Borrower pursuant to Section 2.2. "Eurodollar Interest Period" means, with respect to a Eurodollar Ratable Advance or a Eurodollar Bid Rate Advance, a period of one, two, three or six months commencing on a Business Day selected by the Borrower pursuant to this Agreement. Such Eurodollar Interest Period shall end on (but exclude) the day which corresponds numerically to such date one, two, three or six months thereafter, provided, however, that if there is no such numerically corresponding day in such next, second, third or sixth succeeding month, such Eurodollar Interest Period shall end on the last Business Day of such next, second, third or sixth succeeding...
Sample 1

Related to Eurodollar Bid Rate Advance

  • LIBOR Rate Advance means an Advance which bears interest at a LIBOR Rate.

  • LIBO Rate Advance means a Pro Rata Advance that bears interest as provided in Section 2.04(a)(ii).

  • Eurodollar Rate Advance means an Advance that bears interest as provided in Section 2.06(a)(ii).

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

  • LIBO Rate Advances means a Competitive Bid Advance denominated in Dollars or in any Foreign Currency and bearing interest based on the LIBO Rate.

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

  • 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).

  • Fixed Rate Advance means an Advance which bears interest at a Fixed Rate.

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

  • Eurodollar Borrowing means a Borrowing comprised of Eurodollar Loans.

  • Prime Rate Advance means an Advance that bears interest based at the Prime Rate.

  • LIBOR Advance means an Advance bearing interest at a rate based upon the LIBOR Rate.

  • Reference Rate Advance means an Advance which bears interest as provided in Section 2.09(a).

  • Base Rate Advance means an Advance that bears interest as provided in Section 2.06(a)(i).

  • Eurocurrency Advance means an Advance which, except as otherwise provided in Section 2.12, bears interest at the applicable Eurocurrency Rate.

  • Fixed Rate Advances has the meaning specified in Section 2.03(a)(i).

  • Eurocurrency Interest Period means with respect to any Eurocurrency Rate Borrowing, the period commencing on the date of such Borrowing and ending on the numerically corresponding day in the calendar month that is one, two, three or six months (or, to the extent agreed to by the Agent and each Lender making such Eurocurrency Rate Borrowing, twelve months or any shorter period) thereafter, as a Borrower may elect; provided that (a) if any Eurocurrency Interest Period would end on a day other than a Business Day, such Eurocurrency Interest Period shall be extended to the next succeeding Business Day unless such next succeeding Business Day would fall in the next calendar month, in which case such Eurocurrency Interest Period shall end on the next preceding Business Day, (b) any Eurocurrency Interest Period that commences on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the last calendar month of such Eurocurrency Interest Period) shall end on the last Business Day of the last calendar month of such Eurocurrency Interest Period and (c) no Eurocurrency Interest Period for any (i) Eurocurrency Rate Revolving Loan shall end after the latest Scheduled Termination Date for the applicable Revolving Commitments under the applicable Revolving Facility or (ii) Eurocurrency Rate Term Loans shall end after the stated maturity date of such Term Loans.

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

  • Eurodollar Period means, as to each Eurodollar Rate Loan, the period commencing on the date specified by Borrower pursuant to Section 2.1(b) and ending 1, 2, 3 or 6 months (or, with the written consent of all of the Lenders, any other period) thereafter, as specified by Borrower in the applicable Request for Loan; provided that:

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

  • Eurodollar Loans Loans the rate of interest applicable to which is based upon the Eurodollar Rate.

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

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

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

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

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